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    <li>
      <p>
        Isar Aerospace, a German space launch services provider, has raised an additional EUR 65 million (~USD 70 million) as an extension of its Series C funding round in 
        <a href="https://sp-edge.com/updates/17350">
          March 2023
        </a>
        . The round was led by the NATO Innovation Fund alongside 10x Group, Besant Capital, Finadvice Med HOLDINGS, and LP&amp;E. Participation from existing investors included Lakestar, Earlybird, Airbus Ventures, Bayern Kapital, and UVC Partners. The extension brings Isar's funding from Series C to a total of ~EUR 220 million (~USD 235 million).
      </p>
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      <p>
        Isar Aerospace intends to use the funding to expand its production scale of its small two-stage orbital launch vehicle, Spectrum, which is pending launch. The funds will also go toward the establishment of a new headquarters in Munich, Germany, announced in May 2024. The Munich site would include a factory with an annual production capacity of 40 Spectrum rockets.
      </p>
    </li>
  </ul>
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  <p>
    <a href="https://spacenews.com/isar-aerospace-raises-70-million/">
      Space News
    </a>
  </p>
</div>


Space Travel and Exploration Tech

<div>
 <p>Isar Aerospace, a German space launch services provider, has successfully gained an additional EUR 65 million (~USD 70 million) in an extension of its Series C funding round in <a href="https://sp-edge.com/updates/17350"> March 2023 </a>. This round saw the participation of NATO Innovation Fund along with 10x Group, Besant Capital, Finadvice Med HOLDINGS, and LP&amp;E as the leaders. The company also received contributions from existing investors such as Lakestar, Earlybird, Airbus Ventures, Bayern Kapital, and UVC Partners. With this extension, Isar's total funding accumulation from Series C has reached approximately EUR 220 million (~USD 235 million).</p>
 <p>The purpose of securing such a significant amount consists of multiple strategy enhancement goals. Primarily, Isar Aerospace plans to utilize the fund to increase the production scale of its two-stage small orbital launch vehicle, Spectrum; which is on the verge of its inaugral launch. Besides this, the fund will aid in the establishment of a state-of-the-art headquarters in Munich, Germany, which was announced to be in progress since May 2024. The new Munich base of operations will feature a factory designed to have an annual production capacity of 40 Spectrum rockets.</p>
</div>

Isar Aerospace raises EUR 65 million, backed by NATO Innovation Fund

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

ANALYST_QUICK_TAKE

<div>
 <p>A plastic recycling startup, Samsara Eco, has raised AUD 100 million (~USD 66.7 million) in a Series A extension round. This was led by Main Sequence and Temasek with contributions from Wollemi Capital, lululemon, Hitachi Ventures, Titanium Ventures (formerly known as Telstra Ventures), and DCVC. </p>
 <p>These funds will be used by Samsara Eco to grow its enzymatic recycling capacities. They have short-term plans to establish commercial facilities in South-East Asia in the coming years.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//sp-edge.com/updates/14206"> November 2022 </a> , Samsara Eco raised ~USD 34.7 million via a Series A round to support the construction of its commercial recycling facility in Melbourne. The company also launched a new R&amp;D facility in New South Wales in <a href="https:<br>
//sp-edge.com/updates/21494"> September 2023 </a> .</p>

Samsara Eco raises AUD 100 million in Series A extension round to expand recycling capabilities

PROMINENT_CATEGORY

<div>
 <p>Biotech firm, CARBIOS, known for recycling PET plastics and polyester fibers through an enzymatic process, is joining forces with leading Chinese PET and textiles industrial company, Zhink Group, to set up a biorecycling plant.</p>
 <p>&nbsp;The partnership aims to apply CARBIOS's enzymatic depolymerization technology to recycle PET waste at their planned plant in China. The plant, once operational, will have a minimum annual processing capacity of 50k tons of PET waste. There are prospects of expanding the capacity to cater to the packaging and textiles markets across the region and globally.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> The partnership is a significant milestone in Carbios’ market entry into China, which accounts for ~61% of global PET production. Within this, Zhink produces 3 million tons of PET annually, serving domestic and global markets, and the partnership in China underlines the efficacy of Carbios’ model of licensing its recycling technology.</p>

Carbios and Zhink Group partner to build PET biorecycling plant in China

Clean, congestion-free air travel gets liftoff

Passenger eVTOL Aircraft

<div>
 <p>Hyundai eVTOL subsidiary, Supernal LLC, is set to unveil its S-A2 concept at the Farnborough International Airshow in July 2024. It will also reveal its strategic partnership with the Embry-Riddle Aeronautical University (ERAU) at the same event.</p>
 <p>The Airshow will take place on Tuesday, July 23, 2024, at 10:00 a.m. BST. Supernal will take part in the Advanced Air Mobility panel, organized with the World Economic Forum. With a focus on aviation education and technology, Supernal is partnering with ERAU to enhance pilot training.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> The S-A2 concept was first released in <a href="https:<br>
//sp-edge.com/updates/25380"> January 2024 </a> , and it was announced that it would be released in 2028. The S-A2 aircraft was reportedly capable of cruising at 120 mph and reaching an altitude of 1,500 feet, with a battery capacity of ~40 mi.</p>

Supernal announces S-A2 concept launch and collaboration with Embry-Riddle Aeronautical University

Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

<div>
 
 <p>Antora Energy, an energy storage startup, has been granted up to USD 14.5 million from the Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E). The funding follows Antora's successful <a href="https://sp-edge.com/updates/26957"> Series B funding </a> round of USD 150 million earlier this year, supported by Decarbonization Partners, Trust Ventures, and Lowercarbon Capital.</p>
 <p>The funds will be used to expedite the commercialization of Antora's thermal battery product. The company intends to expand its manufacturing facility for thermophotovoltaic (TPV) technology to better cater to industrial and utility customers.</p>
 
</div>

Antora Energy to receive USD 14.5 million in grant funding

Electrifying passenger and commercial travel

EV Economy

INCUMBENTS_PRESENT

<div>

 <p>Rivian Automotive, a U.S. electric vehicle maker, and Volkswagen Group, a German automotive company, have announced plans to form an equal joint venture. This joint venture will focus on developing next-generation electrical architecture and software technology.</p>

 <p>As part of this strategic partnership, Volkswagen intends to invest $5 billion in Rivian. This planned investment will include an initial $1 billion through a convertible note and promises a further $4 billion over time.</p>
  
 <p>The partnership is designed to hasten software development for both companies, provide cost savings by scaling up, and speed up global innovation. Rivian's electrical technology and architecture will act as the foundation for future software development in the joint venture, benefitting the vehicles of both companies.</p>
  
 <p>This partnership and following investment will inject much-needed resources into Rivian's operations. Notably, it will fund a new manufacturing facility in Georgia that Rivian had previously halted due to financial losses. The company has pledged to invest $5 billion in this Georgia project through 2030.</p>
   
 <p>News of the partnership caused Rivian's stock to surge by over 50%, compensating for half of its losses this year. Despite its primary focus on electric pickups and SUVs and difficulties in boosting production and deliveries, Rivian briefly overtook seasoned car makers like Ford and General Motors in market value following its IPO in November 2021.</p>
 
</div>

Volkswagen to invest USD 5 billion in Rivian and forms JV

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

<div>
 
 <p>HP has unveiled a series of enhancements and new developments to its additive manufacturing (AM) product portfolio at the 2024 “Rapid + TCT” convention. This includes improved features for the HP Metal Jet S100 and Jet Fusion 5600 series printers, the launch of a new on-demand metal jet-based AM service in the US, upgrades to their software, and new strategic alliances.</p>
 <p>The improvements to the Metal Jet S100 printer will comprise an increased build height and the addition of new materials, IndoMIM M2 Tool Steel, and Osprey 316L. The Jet Fusion series is set to become compatible with HP’s 3D High Reusability (HR) PA 12 W and HP 3D High Reusability (HR) PA 12 S materials. It will also introduce an “ESD” print mode, which will allow users to attain dissipative attributes on printed components.&nbsp;</p>
 <p>In addition, HP is broadening its HP 3D process development software capabilities with a new Multi-level build feature and is entering strategic collaborations with Autodesk, Altair, CoreTechnologie, and Dyndrite to integrate design and production tools.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> At the ongoing Rapid + TCT convention, the AM industry introduced several new solutions across the material and printer segments. In terms of material launches for metal-based additive manufacturing, HP joins SPEE3D, which launched <a href="https:<br>
//sp-edge.com/updates/30820"> Nickel Aluminium Bronze Expeditionary (NAB Expeditionary) </a> material, and XJet, which introduced 17-4PH stainless steel.&nbsp;</p>

HP introduces range of new additive manufacturing solutions at Rapid + TCT convention

<div>
 
 <p>Colibrium Additive, previously known as GE Additive, has introduced Spectra M, a new electron beam melting (EBM) solution. This solution is geared towards the manufacturing sector, specifically for the production of medical and orthopedic implants. It provides a compact build space that ensures in improving the efficiency of the production process.</p>
 <p>In terms of its technical specifications, Spectra M has a substantial build capacity of 270 x 430 mm. It is compatible with the Ti6Al4V Grades 5 and 23 materials, making it versatile in its application. It operates on the most recent EBMControl 6.4 software version. Its features include Point Melt, which allows for the powder's melting using small points instead of lines, and Plate Free, which enables sintering in a gradual manner. This allows additional parts to be built on top, thereby increasing its utility and functionality.</p>
 <p>Colibrium has further expanded its solution range with the introduction of the Binder Jet solution. This solution uses a coarse Ti64 powder for LPBF platforms. Its unique selling point is the ability to print a coarser particle grain while using validated LPBF process parameters. This technological advantage helps in reducing the costs associated with 3D printing of titanium alloy.</p>
 
</div>

Colibrium Additive launches Spectra M Electron Beam Melting System for enhanced solutions

<div>
 
 <p>XJet, a provider of additive manufacturing solutions, has introduced a new 17-4PH stainless steel material for its NanoParticle Jetting (NPJ) technology.</p>
 <p>The material offers high hardness and tensile strength, aiding in the creation of complex structures for various industries such as medical, aerospace and defense, oil and gas, and high-precision tooling.</p>
 <p>XJet argues that the solution decreases manufacturing time and labor costs owing to its minimal post-processing requirements.</p>
 
</div>

XJet introduces 17-4PH stainless steel to product portfolio for shorter manufacturing time

<div>
 
 <p>Axtra3D, a firm specializing in additive manufacturing solutions, recently certified the use of Henkel's Loctite 3D IND3380 with its Lumia X1 3D Printer.</p>
 <p>The substance is characterized by its resistance to high temperatures, its electrostatic dissipative features, and significant stiffness. It is engineered to fabricate parts with exact precision, clean-cut edges, and smooth surfaces.&nbsp;</p>
 <p>Per the company, the material is apt for manufacturing electrical connectors, jigs, fixtures for electronic production, automobile components, and hard-wearing goods. It is presented as a viable alternative to traditional injection molding.</p>
 
</div>

Axtra3D announces availability of Loctite 3D IND3380 for Lumia X1

Building future-ready applications in the cloud

Cloud-native Tech

<div>
 
 <p>Datadog, a cloud applications' monitoring and security platform, announced the public beta launch of Kubernetes Autoscaling. This feature facilitates automatic scaling of Kubernetes resources leveraging real-time and historical metric data. It allows making direct adjustments within the Datadog platform.</p>
 
 <p>The feature identifies idle resources and applies one-time fixes or enables continuous automatic scaling. It provides improved control over cloud expenses, easier resource optimization, and a unified platform for monitoring and management.</p>
  
</div> <p><b>Analyst QuickTake:<br>
</b> This is important as cloud environments often experience overprovisioning, which leads to wasted resources and high costs. According to Datadog, 83% of container costs were linked to idle resources due to overprovisioning. Kubernetes Autoscaling adjusts resource allocation automatically.</p>

All Updates

Isar Aerospace raises EUR 65 million, backed by NATO Innovation Fund

Samsara Eco raises AUD 100 million in Series A extension round to expand recycling capabilities

Carbios and Zhink Group partner to build PET biorecycling plant in China

Supernal announces S-A2 concept launch and collaboration with Embry-Riddle Aeronautical University

Antora Energy to receive USD 14.5 million in grant funding

Volkswagen to invest USD 5 billion in Rivian and forms JV

HP introduces range of new additive manufacturing solutions at Rapid + TCT convention

Colibrium Additive launches Spectra M Electron Beam Melting System for enhanced solutions

XJet introduces 17-4PH stainless steel to product portfolio for shorter manufacturing time

Axtra3D announces availability of Loctite 3D IND3380 for Lumia X1

Datadog announces Kubernetes Autoscaling

Space Travel and Exploration Tech

Isar Aerospace raises EUR 65 million, backed by NATO Innovation Fund

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