Category Archives: Business News

Flytrex Raises $40M to Build US Drone Delivery Service

Flytrex, the Israeli startup working with Walmart, Chili’s, and others in North Carolina in pilots for a drone-based delivery service targeting suburban consumers, has picked up $40 million in funding to continue developing its hardware and software, as well as more business partnerships, as it awaits regulatory nods to expand its service to more markets in the U.S. Continue reading

Amprius Supplies 400 Wh/kg Commercial Cells to Kraus Hamdani

Amprius Technologies, Inc., a supplier of 100% Silicon Anode Li-Ion Batteries via its Si-Nanowire platform, has announced that it has secured commercial orders with Kraus Hamdani Aerospace, a pioneer in ultra-long endurance unmanned aerial systems (UAS).  Amprius Technologies will ship 405 Wh/kg battery cells to Kraus Hamdani Aerospace through the end of 2021, and the companies have also entered into an agreement to secure additional high-performance battery cells through 2022. Continue reading