<div>
  <ul>
    <li>
      <p>
        Eve Air Mobility, a Brazilian producer of eVTOL aircraft, has secured a USD 88 million loan from a Brazilian state bank for its aircraft factory.
      </p>
    </li>
    <li>
      <p>
        The funding will be used to construct a manufacturing facility in Taubate, Brazil, for Eve Air Mobility's eVTOL aircraft.
      </p>
    </li>
    <li>
      <p>
        Eve Air Mobility is a spinoff of Embraer, a major Brazilian aerospace company. The loan from a state bank indicates government support for Brazil's emerging eVTOL industry.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        The funding comes after Eve Air Mobility secured USD 94 million in equity financing from Embraer and Nidec Incorporation in 
        <a href="https://sp-edge.com/updates/31014">
          July 2024
        </a>
        . The company planned to use the funding raised in July to support its eVTOL aircraft development and purchase orders. Eve Air Mobility has had several partnerships during 2024 and is ramping up its efforts towards its entry into service in 2026.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.ainonline.com/aviation-news/futureflight/2024-10-15/brazilian-state-bank-funds-eve-air-mobilitys-evtol-aircraft">
      Aviation International News
    </a>
  </p>
</div>


Passenger eVTOL Aircraft

ANALYST_QUICK_TAKE

<div>
 <p>Eve Air Mobility, an eVTOL aircraft producer from Brazil, has obtained an USD 88 million loan from a Brazilian state bank for its aircraft production plant. The funds will be dedicated towards constructing a manufacturing unit in Taubate, Brazil, which will produce eVTOL aircraft for Eve Air Mobility.</p>
 <p>Emerging as a branch of the prominent aerospace company, Embraer, Eve Air Mobility's loan from a state bank signifies Brazil government's support towards the fledgling eVTOL industry.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The funding comes after Eve Air Mobility secured USD 94 million in equity financing from Embraer and Nidec Incorporation in <a href="https:<br>
//sp-edge.com/updates/31014"> July 2024 </a> . The company planned to use the funding raised in July to support its eVTOL aircraft development and purchase orders. Eve Air Mobility has had several partnerships during 2024 and is ramping up its efforts towards its entry into service in 2026.</p>

Eve Air Mobility secures USD 88 million loan to construct manufacturing facility

Leveraging personal data for custom-fit diagnosis and treatment

Precision Medicine

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <p>Atavistik Bio has entered a collaboration with Pfizer to explore new precision allosteric therapeutics through the former's AMPS platform. The partnership involves Atavistik Bio leveraging its AMPS platform to identify new allosteric binders against two Pfizer-selected undisclosed targets. After the study phase, Pfizer will have the option to license the programs.</p> 
 <p>The partnership intends to expand Atavistik's oncology indications reach while progressing its internal pipeline of precision oncology small molecule therapies. Atavistik Bio is a biotech firm specializing in precision allosteric therapeutics discovery and development, inspired by the body's natural regulatory mechanisms. The company uses its unique AMPS platform to identify novel allosteric binding protein sites by combining computational and experimental techniques.</p>
 <p>This method allows quick design of small-molecule therapeutics targeting valuable targets previously deemed unachievable. Atavistik Bio primarily focuses on precision oncology and rare diseases, pursuing transformative treatment options for patients with unmet medical necessities.</p>
</div>

Atavistik Bio partners with Pfizer to discover precision allosteric therapeutics

<div>
 <p>Neumora Therapeutics, a clinical-stage biopharmaceutical company, revealed that its major depressive disorder (MDD) drug, navacaprant, did not achieve its primary objective in the Phase III KOASTAL-1 trial.</p>
 <p>Navacaprant is a specific kappa opioid receptor antagonist that modulates dopamine and reward processing pathways. The trial involved 383 adult patients with MDD, with the objective being observing changes in the Montgomery-Åsberg Depression Rating Scale total score at the end of week six and the Snaith-Hamilton Pleasure Scale.</p>
 <p>Despite failing to show a significant statistical improvement over the placebo in the general study population, the drug showed a promising efficacy signal in female participants with a -14.0 change from the baseline compared to -11.4 for the placebo. Generally well-tolerated, with no severe adverse events reported, the most common side effects included headaches (6.8%) and diarrhea (5.2%).</p>
</div>

Neumora's depression drug navacaprant fails first Phase III trial

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

<div>

 <p>Plastics and recycling firm, Revolution Sustainable Solutions LLC, which is based in Little Rock, has acquired Island Plastics LLC. Island Plastics is a film recycling plant and a producer of PCR linear low-density and low-density polyethylene film grade resin. The acquisition cost remains undisclosed.</p>
 <p>Island Plastics, as per Revolution's statement, specializes in the production of 100% post-consumer recycled (PCR) linear low-density and low-density polyethylene film grade resin. The company operates the largest film recycling facility in Michigan.</p>
 <p>This acquisition is in line with Revolution's aim to extend its recycling capabilities within the sphere of clear food-grade PCR flexible food packaging. Revolution plans to leverage its FDA Letter of No Objection to introduce clear food-grade PCR in Island Plastics' product offerings. In addition, Revolution articulates that this business deal will escalate its capacity to deliver sustainable products across various sectors such as agriculture, facilities maintenance, and consumer goods markets. This strategic move aims to reduce the dependence on virgin materials.</p>

</div>

Revolution Sustainable Solutions acquires Island Plastics for undisclosed sum

Data Infrastructure & Analytics

<div>
 <p>With the leadership of Fintop Capital and Jam Fintop BankTech, Infinant, a provider of banking technology, has secured USD 15 million in a Series A funding round. Other contributors included Bankers Helping Bankers, Woodforest Financial Group, and Raido Capital Partners. The total funding of the company is now raised to USD 20 million.</p>
 <p>The company plans to use the freshly acquired funds to broaden the array of its product offerings. Their focus includes Interlace Console, Payments Hub for ACH services, Wire and FedNow services, Settlement Ops, and also Card Platform that will cater to card issuance and processing with Visa DPS.</p>
 <p>Infinant, founded in 2020, has developed a cloud-based platform, termed as Interlace. This platform is instrumental in enabling banks to launch digital banking solutions and increase their scale. The platform operates above legacy core systems, permitting banks to handle operating accounts and end-user accounts from a single platform. Moreover, it seamlessly integrates with existing core banking systems, empowering banks to maintain control of operations, compliance, and their ledger without having to replace the core.</p>
 
</div>

Infinant raises USD 15 million in Series A funding to expand product offerings

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

<div>
 <p>Solayer, a protocol built on Solana, has introduced its governance token LAYER and set up the Solayer Foundation. The LAYER token operates as an SPL-2020 token that empowers holders to participate in governance decisions. Its distribution will be carried out in three stages, rounding up with Solayer Season 1. Eligible members will receive notifications via the Solayer dashboard to agree to the terms and conditions before getting their tokens.</p>
 <p>Moreover, the Solayer Foundation, an independent non-profit, has been established aiming to promote protocols that enhance scaling of the Solana virtual machine (SVM). The foundation will help in propelling the protocol's development, which has so far garnered USD 12 million in seed funding from notable investors such as Polychain Capital, Binance Labs, and Solana co-founder Anatoly Yakovenko.</p> 
</div>

Solayer launches LAYER governance token and non-profit foundation

<div>
 <p>Plume Network, a layer-1 blockchain network for real-world asset (RWA) finance, has initiated a USD 25 million ecosystem fund. This fund is backed by investors like Galaxy Digital, Superscrypt, and Mechanism Capital and is designed to support early-stage RWAfi projects and real-world asset tokenization on its platform.</p>
 <p>The fund, known as the RWAfi Ecosystem Fund, will zero-in on five crucial areas: Innovative RWAfi product development, vertically integrated ecosystems, global accessibility and retail adoption, institutional integration, and cross-chain interoperability. Providing not only capital investment, the fund also offers strategic go-to-market support and guidance to projects that utilize Plume's network and infrastructure.</p>
 <p>A wide range of sectors are targeted by this initiative, such as private credit, insurance products, royalty assets, infrastructure projects, AI/GPU resources, capital infrastructure, investment funds, and collectibles. The fund is currently going through applications from pre-seed and seed-stage founders operating in RWA and DeFi.</p>
</div>

Plume Network launches USD 25 million real-world asset (RWA) ecosystem fund

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
 <p>Exabits, a compute-based layer platform, has integrated 4,000 NVIDIA H200 GPUs into its network, expanding its operations across the US and Europe. The company, valued at USD 150 million and with USD 10 million in annual recurring revenue, aims to transform GPU clusters into investment assets.</p>
 <p>The new GPU infrastructure features a unique Trusted Execution Environment (TEE) and a 3.2 trillion InfiniBand architecture. This advanced system ensures secure and verifiable AI computations while maintaining data integrity and confidentiality. It is particularly designed for sectors dealing with sensitive data such as healthcare and financial transactions.</p>
 <p>With this integration, Exabits positions itself as the only player in the crypto space with in-house capabilities to manage and scale a 4,000 GPU H200 architecture. The system is built with a focus on serving demanding enterprise clients from autonomous driving, healthcare, and financial modeling sectors. It also aims to support innovations in DeSci and AI agent communities.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> Other notable initiatives to scale GPU capacity for LLM training include CoreWeave's <a href="https:<br>
//sp-edge.com/updates/37006"> partnership </a> with Cohere to build a multi-billion-dollar AI data center in Canada and xAI's planned <a href="https:<br>
//sp-edge.com/updates/37005"> expansion </a> of Colossus supercomputer in Memphis. Meanwhile, companies also raised funding to expand data center capacity for GenAI workloads (Nebius AI <a href="https:<br>
//sp-edge.com/updates/36720"> raised </a> USD 700 million, Crusoe <a href="https:<br>
//sp-edge.com/updates/37588"> raised </a> USD 600 million, and Nscale <a href="https:<br>
//sp-edge.com/updates/37002"> raised </a> USD 155 million).</p>

Exabits integrates NVIDIA H200 GPUs for AI computations

Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

<div>
 <p>Torc Robotics and Aeva have enhanced their collaboration to further the development of autonomous trucks. Torc Robotics, a subsidiary of Daimler Truck specializing in self-driving technology, and Aeva, a company focused on sensing and perception systems, are combining their expertise in this venture.</p>
 <p>The expanded partnership calls for data sharing from 4D LiDAR sensing and utilization of a Freightliner Cascadia vehicle platform for long-range sensing applications. This progress builds on a previous agreement where Daimler Truck chose Aeva to supply its long and ultra-long-range LiDAR for autonomous commercial vehicles. The goal is to commercialize these autonomous vehicles by 2027.</p>
 
</div>

Torc and Aeva expand partnership to advance autonomous truck development

Conservation Tech

<div>
 
 <p>Agricultural supply chain SaaS startup based in Finland, Orijin, has received seed funding from Brainforest and Gorilla Capital, of an undisclosed sum. </p>
 <p>According to the company, this financing will be allocated towards technology advancement, global expansion, and providing sustainable solutions for smallholder farmers and agribusinesses. </p>
 <p>Orijin's platform offers features such as deforestation monitoring and real-time product origin verification, specifically for coffee and cocoa supply chains. These services ensure alignement with the EU Deforestation Regulation. </p>
 
</div>

Orijin raises seed funding for product development and expansion

Sustainably solving the food shortages of the future

Smart Farming

<div>
 
 <p>Orijin, an agricultural supply chain SaaS startup based in Finland, has received seed funding from Brainforest and Gorilla Capital. The amount of funding remains undisclosed.</p>
 <p>This financing will be directed towards technological enhancement, global expansion, and providing sustainable solutions to smallholder farmers and agribusinesses.</p>
 <p>Orijin's platform offers features such as deforestation monitoring and product origin verification in real-time for coffee and cocoa supply chains. This ensures compliance with the EU Deforestation Regulation.</p>
 
</div>

All updates

Eve Air Mobility secures USD 88 million loan to construct manufacturing facility

Atavistik Bio partners with Pfizer to discover precision allosteric therapeutics

Neumora's depression drug navacaprant fails first Phase III trial

Revolution Sustainable Solutions acquires Island Plastics for undisclosed sum

Infinant raises USD 15 million in Series A funding to expand product offerings

Solayer launches LAYER governance token and non-profit foundation

Plume Network launches USD 25 million real-world asset (RWA) ecosystem fund

Exabits integrates NVIDIA H200 GPUs for AI computations

Torc and Aeva expand partnership to advance autonomous truck development

Orijin raises seed funding for product development and expansion

Orijin raises seed funding for product development and expansion

Passenger eVTOL Aircraft

Eve Air Mobility secures USD 88 million loan to construct manufacturing facility

Contact us