Seminole Tribe Motocross Thu, 21 Oct 2021 15:08:52 +0000 en-US hourly 1 Seminole Tribe Motocross 32 32 Could Plug Power Stock Help You Become a Millionaire? Thu, 21 Oct 2021 14:17:00 +0000

Connect the power (NASDAQ: PLUG) the stock is at 57% of its high price of over $ 73 this year. However, it is up almost 22% so far in October compared to a 3.8% rise in the S&P 500 Index. Some recent developments have caused investors to rebill the shares of the fuel cell maker. Let’s take a closer look at Plug Power’s recent performance and growth prospects.

Exploiting the green hydrogen market

Plug Power has a long history of loss. The company has mainly focused on its material handling business and has not been able to make it profitable so far. He now appears to be aiming to change that. Plug Power recently announced its financial targets for 2025. These differ in some important respects from its previously announced targets for 2024. The first major point is Plug Power’s increased focus on the green hydrogen market.

In its September 2020 update, Plug Power provided a gross billing target of $ 1.2 billion for 2024. It expected only $ 200 million from its green hydrogen business. However, in its update last week, Plug Power estimated $ 1.5 billion in revenue from green hydrogen business alone by 2025. That’s more than seven times the revenue estimate. of the company for 2024 in this market.

Image source: Getty Images.

Plug Power expects to generate $ 3 billion in total gross billings by 2025. A smaller fraction of the total revenue from material handling could be viewed as positive, as this business has not been profitable until now. now for the company. However, it is important to note that how Plug Power performs in the green hydrogen sector remains to be seen.

The second notable thing about Plug Power’s latest update is that it expects to generate over 17% operating margin in 2025. In the absence of any further details, there appears to be a delay in achieving of this goal, as Plug Power previously expected. 17% operating profit in 2024. Plug Power does not have a reliable track record of meeting expectations and has missed its targets several times in the past.

Limited growth in the electric vehicle segment

Another new area where Plug Power is trying to expand is the fuel cell electric vehicle segment. FCEVs saw their sales improve in 2021. Around 9,000 FCEVs were sold worldwide in the first half of 2021. By comparison, only 10,000 FCEVs were sold throughout 2020. Hyundai Engine and Toyota are the main players in the FCEV segment, controlling over 90% of the global market. In particular, these two companies are developing their own fuel cells. Therefore, Plug Power faces significant competition in this market.

He partnered with Renault target a 30% share of the European fuel cell light commercial vehicle (LCV) market. Both companies predict 500,000 FCEVs in Europe by 2030. Notably, there were less than 3,000 FCEVs (including light commercial vehicles and heavy goods vehicles) in service in Europe at the end of 2020. Thus, 30% of the European fuel cell light commercial vehicle market is not a huge number at the moment.

Some major car manufacturers, including You’re here and Volkswagen, believe that FCEV may experience very limited growth in the future. So, Plug Power is not in a very strong position right now in the FCEV sector, and this could also be a difficult segment for it in the future.

Recent partnerships

Plug Power announced two partnerships in October. He partnered with Phillips 66 advance the use of hydrogen in the industrial and mobility sector and develop hydrogen infrastructure to support growth. Plug Power has also partnered with Airbus focus on opportunities in ground support equipment at airports as well as in hydrogen aircraft. Plug Power is already working with Universal Hydrogen, Airflow and Heven Drones to research and advance the use of fuel cells in aviation.

a long way to go

Plug Power operates in a very interesting hydrogen market, which could be huge in the long term. Specifically, hydrogen appears to be a promising option for decarbonizing the heavy vehicle, marine and aviation segments. However, there are several unknowns and it will be many more years before hydrogen becomes a truly viable option. Additionally, alternative fuel and storage options may limit the adoption of hydrogen fuel cells.

Plug Power has suffered losses for two decades and the company’s offerings continue to evolve. He hopes to achieve a positive operating margin by 2025, and a positive net result could still be a few years beyond.

Based on Plug Power’s last quarter revenue of $ 125 million, its price-to-sales ratio is approximately 36 times. Even based on expected sales in 2025, the ratio is around six times. Overall, buying Plug Power stocks at six times their projected sales four years later, with no profit in sight, doesn’t sound appealing to me at the moment. You may want to look elsewhere for opportunities that could make you rich.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

Global Electric Vehicle Market Size [2021-2028] Thu, 21 Oct 2021 09:01:12 +0000

Pune, India, October 21, 2021 (GLOBE NEWSWIRE) – According to the Fortune Business Insights ™ research report, the electric vehicle market size was $ 246.70 billion in 2020. The market is expected to grow from $ 287.36 billion in 2021 to $ 1,318.22 billion in 2028 at a CAGR of 24.3% during the period 2021-2028. The sudden increase in CAGR is attributable to growth and demand in this market, which returns to pre-pandemic levels once the coronavirus crisis is over.

The whole world is grappling with the COVID-19 pandemic, which has severely disrupted trade across the world. Authorities in several countries have initiated containment to prevent the spread of this deadly virus. Such plans have caused disruption in the production and supply chain. But, with time and resolve, we can fight this harsh weather and return to normalcy. Our well-reviewed reports will help companies receive detailed information about the current scenario of each market so that you can adopt the necessary strategies accordingly.

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Strict emissions regulations to improve business development

The constant efforts to reduce greenhouse gas emissions have led to the implementation of strict emissions laws by governments, which, in turn, will enhance the healthy growth of the market. For example, in Europe, regulations have been imposed to reduce CO2 emissions from light and medium commercial vehicles by 15% by 2025. More and more countries have made regular monitoring of vehicle pollution compulsory. The implementation of the Bharat Stage VI (BS-VI) standard in India with the aim of using efficient engines to reduce carbon emissions. Moreover, the increased promotion of electric cars will have a subsequent effect on the global market during the forecast period.

Regional highlights:

Asia-Pacific is expected to show significant growth in this market due to the growing demand for passenger cars in developing countries. China accounts for the largest share in terms of passenger cars and other automobiles. In addition, North America is expected to experience the strongest growth in the market. The regional growth can be attributed to growing initiatives by the Department of Energy (DOE) to build charging infrastructure across the United States to support the growing number of electric vehicles in the region.

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Geely Auto announced the launch of the new research and development center in Raunheim, Germany. The company will use the R&D center to produce high-end electric vehicles, advanced electrification and connectivity technologies.

Strict emissions regulations to improve business development

The constant efforts to reduce greenhouse gas emissions have led to the implementation of strict emissions laws by governments, which, in turn, will enhance the healthy growth of the market. For example, in Europe, regulations have been imposed to reduce CO2 emissions from light and medium-duty vehicles by 15% by 2025. More and more countries have made regular monitoring of vehicle pollution compulsory. The implementation of the Bharat Stage VI (BS-VI) standard in India with the aim of using efficient engines to reduce carbon emissions. Moreover, the increased promotion of electric cars will have a subsequent effect on the global market during the forecast period.

Quick Buy Electric Vehicle Market Research Report:

  • BMW Group (Munich, Germany)
  • BYD Company Ltd. (Shenzhen, China)
  • Daimler AG (Stuttgart, Germany)
  • Ford Motor Company (Michigan, USA)
  • General Motors Company (Michigan, United States)
  • Nissan Motor Corporation (Kanagawa, Japan)
  • Tesla, Inc. (California, United States)
  • Toyota Motor Corporation (Toyota City, Japan)
  • Volkswagen AG (Wolfsburg, Germany)
  • Groupe Renault (Boulogne-Billancourt, France)
Cover of the report Details
Forecast period 2021 to 2028
Forecast period 2021 to 2028 CAGR 24.3%
2028 value projection $ 1,318.22 billion
Year of reference 2020
Market size in 2021 $ 287.36 billion
Historical data for 2017 to 2019
Number of pages 250
Covered segments Vehicle type, type and geography
Growth drivers Subsidies and supportive government policies to promote sales
Strict government regulations on vehicle emissions to drive growth

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Global segmentation of the electric vehicle market:

By type of vehicle:

  • Passenger car
  • Commercial vehicle

By type:

  • Battery electric vehicle (BEV)
  • Plug-in hybrid electric vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)

By geography

  • North America (United States, Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, Southeast Asia and the rest of Asia-Pacific)
  • Latin America (Brazil, Mexico, rest of Latin America)
  • Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)

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HPD identifies victim in Big Island motorcycle crash Thu, 21 Oct 2021 00:28:00 +0000

October 20, 2021, 2:28 PM HST

Police have identified the victim of a traffic accident on the Big Island.

According to HPD, William Townsend, 39, of Hilo, died of a motorcycle collision on Monday, October 18, 2021.

Police responding to the 6:30 p.m. traffic accident in the Saddle Road and Kaumana Drive area of ​​Hilo determined that a 2014 Honda Grom motorcycle was moving east / downhill on Kaumana Drive approaching the intersection of Saddle Road on wet pavement. The motorcycle crossed Kaumana Drive from the eastbound lane and down the gravel shoulder westbound, causing the rider to lose control and falling, coming to a stop at the intersection on Saddle Road.

A 2020 Kia sedan traveling west on Saddle Road swerved to the left to avoid the motorcycle, which was in its lane and subsequently struck the motorcyclist who was lying in the middle of the roadway, according to a report from police. At the time of the collision, the roads were wet, the area was dark and it was raining.

Police investigating the traffic collision determined that speed and wet road conditions were factors in this investigation. The driver of the motorcycle was not wearing a helmet at the time of the collision and was wearing a black hoodie. Police have not determined whether alcohol and / or drugs are a factor at this time.


The East Hawaii Traffic Enforcement Unit has opened a negligent homicide investigation, which remains unresolved. Police are asking anyone who witnessed the collision or has information about it to contact Constable Blayne Matsui at (808) 961-2339 or by email. [email protected]. Informants who prefer to remain anonymous can call Crime Stoppers at (808) 961-8300.

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Community mourns loss of teenage motocross star who left a legacy beyond the track Wed, 20 Oct 2021 14:20:21 +0000

POLK COUNTY, North Carolina (WLOS) – The foothills community remembers one of their own.

Community mourns loss of teenage motocross star who left a legacy beyond the track

It has been a week since Clayton Sain, a promising motocross rider, died of injuries sustained while training for a race in Tennessee.

His father and aunt said he was chasing his dream of becoming a motocross pro.

No matter what he had to do, Clayton’s family said he was ready to jump in and do it. “Certainly not ordinary,” said Julie Justice, Clayton’s aunt.

The Polk County native was one of six siblings. He started off-road motorcycling at the age of four, became more competitive at seven, and at 12 he was chasing his big dream.

“He could draw a crowd to the track, not from the point of view of being pushy or anything like that, it was more all the guys wanted to hang out with him,” said Jason Sain, the father of Clayton.

Two weekends ago, Clayton was training in the Suzuki Top Gun Showdown in Tennessee. It would ultimately be his last race.

“A normal day, go out for practice, come back, look over the bike and then go racing and it didn’t turn out that way,” Jason said.

Over the weekend, the community took a memorial ride on the track on their dirt bikes in honor of Clayton.

“To see everyone in our community, everyone around us supporting us, helps us get through this; it was amazing, ”said Jason.

Jason said his son had strong faith.

“The most important quality I can say about my son was his personal relationship with the Lord Jesus Christ,” Jason said.

Coty Flynn, Clayton’s youth pastor, told News 13 that Clayton was an inspiration to his family, friends and church family.

Prior to the Tennessee race, Clayton won an overall prize in a race in Simpsonville.

“My son asked me the other night, as seriously as he could have thought with all his heart, ‘mum,’ he said, ‘was Clayton a celebrity?’ Said Justice. . “And it took me a while, but honestly I took a step back and said, ‘yeah, Clayton was a celebrity. “

Clayton would be 17 on November 4

His family have said he’s a role model whose legacy goes far beyond the runway.

Note: This content is subject to a strict embargo in the local market. If you share the same market as the contributor of this article, you cannot use it on any platform.

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COE prices skyrocket ahead of supply contraction, Singapore News & Top Stories Wed, 20 Oct 2021 08:19:12 +0000

SINGAPORE – Certificate of Entitlement (COE) prices ended on the rise in the last tender on Wednesday, October 20, as news of a smaller quota for November-January emerged.

COE premiums for cars up to 1,600cc and 130 hp have crossed the $ 50,000 mark to end at $ 52,709, down from $ 47,001 two weeks ago.

COE prices for cars over 1600cc or 130hp broke the $ 80,000 mark to close at $ 80,210 from $ 70,200. The premium for its proxy, the Open category, ended at $ 85,000, up from $ 72,756.

Market watchers credit Tesla’s aggressive bidding for securing COEs as its car supply grows after a slow start. The American car brand overtook MG as the best-selling electric vehicle brand here, with more than 500 units registered at the end of last month.

Unlike other brands, Tesla does not pack its cars with COE. Instead, it sets the price for its non-COE cars, then obtains customer approval to bid for a certain COE price – with an additional 15 percent allowance.

Auto traders have said that this method almost ensures a constant increase in premiums because the company does not bear any risk even if premiums skyrocket.

Elsewhere, COE prices for commercial vehicles ended at $ 40,501, up from $ 38,890. The motorcycle premium ended up at $ 9,310, up from $ 9,052.

Latest WCC results:

Category Current COE premium ($) Previous COE premium ($)
A – Car (1600cc and less) 52,709 47,001
B – Car (above 1600cc) 80 210 70,200
C – Utility vehicle & bus 40,501 38,890
D – Motorcycle 9 310 9,052
E – Open 85,000 72,756
IV hits GM, Toyota and Honda with Texas network patent lawsuits Wed, 20 Oct 2021 02:30:00 +0000
By Craig Clough (October 19, 2021, 10:30 p.m. EDT) – Intellectual Ventures sued General Motors, Toyota and Honda in Texas federal court on Tuesday, accusing them of selling cars with Internet features that infringe a host of US patents. ‘business .

Lawsuits were filed in the West District of Texas against GM and the East District against the other two, arguing that the litigation belongs to the districts because the automakers do business there, including through dealerships in Marshall and Waco and other places that sell vehicles. with the allegedly counterfeit items.

The combinations indicate the characteristics of the cars that allow drivers to access the internet in various ways as evidence …

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Motocross Gear Market Size, Outlook and Key Companies – AlpineStars Spa, Fox racing, O’Neal, Scott Sports, Motorsports Aftermarket, LeMans Corporation Tue, 19 Oct 2021 04:59:17 +0000

New Jersey, United States, – The Motocross Equipment Market The report comprises broadly analyzed data and information on the Motocross Equipment market with detailed analysis of key models, emerging trends, infrastructure properties, industrial landscape, and key market segments. The report provides a comprehensive analysis of the market growth and factors influencing the market growth including the latest technology and product developments. The Motocross Equipment Market report also provides an overview of the industry position in the international market and its contribution to the global revenue generation. The report provides significant statistical sales data, revenue estimates based on types and applications, regions, and major market players.

The report covers the analysis of the impact of the COVID-19 pandemic on the global market. The pandemic has dynamically altered the economic landscape and drastically changed the trends and demands for products and services in the market. The report also covers the current and future impact of the pandemic and provides an overview of the post-COVID-19 scenario.

The motocross equipment market is growing at a moderate pace with substantial growth rates over the past few years and the market is estimated to experience significant growth during the forecast period i.e. 2020 to 2027 .

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The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:

AlpineStars Spa, Fox racing, O’Neal, Scott Sports, Motorsports Aftermarket Inc., LeMans Corporation, Aero Design, Dainese, Answer racing, Shift MX.

Additionally, the report provides insightful information on key manufacturers and players and the business sphere. It covers data on the latest trade movements, product launches, technological advancements, mergers and acquisitions, partnerships and joint ventures. In-depth assessment of production and manufacturing capacity, industry chain analysis, market share, size, revenue, sales, growth rate and market share are also offered. by the report. The market assessment and CAGR are also included in the report to provide a comprehensive portrait of the Motocross Equipment market.

Segmentation of the motocross equipment market

Motocross Equipment Market, By Type

• Riding equipment
• Protective gear

Motocross Equipment Market, By Sales Channel

• Franchised stores
• Specialty stores
• Online channel

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Scope of Motocross Equipment Market Report

UNITY Value (million USD / billion)
COVERED SEGMENTS Types, applications, end users, etc.
COVER OF THE REPORT Revenue forecast, company ranking, competitive landscape, growth factors and trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free customization of the report (equivalent to up to 4 working days for analysts) with purchase. Add or change the scope of country, region and segment.

Geographic segment covered in the report:

The Motocross Equipment report provides information about the market area, which is further subdivided into sub-regions and countries / regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

• North America (United States and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and the rest of Latin America)
• Middle East and Africa (GCC and rest of Middle East and Africa)

Key questions answered in the report:

• What is the growth potential of the Motocross Equipment Market?
• Which product segment will take the lion’s share?
• Which regional market will emerge as a pioneer in the years to come?
• Which application segment will experience strong growth?
• What growth opportunities might arise in the motocross gear industry in the years to come?
• What are the most important challenges that the motocross gear market could face in the future?
• Who are the leading companies in the motocross equipment market?
• What are the main trends that positively impact the growth of the market?
• What growth strategies are players considering to stay in the Motocross Equipment market?

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Mandatory DGT immobilizers will cost drivers around € 1,000 Mon, 18 Oct 2021 23:54:33 +0000
The mandatory DGT immobilizers will cost drivers around € 1,000.

The new mandatory DGT immobilizers will cost drivers around € 1,000 to install

The General Directorate of Traffic (DGT) is committed to working to reduce the number of traffic accidents and their victims on Spanish roads. As a result, a new mandatory immobilizer breathalyzer would come into service from July 6, 2022.

This new law, which should come into force on the aforementioned date, was originally designed so that the breathalyzer system is installed in vehicles responsible for transporting people.

But the European Union apparently insists on going further and applying the law to all private vehicles as well. Currently, it has been estimated that these devices could cost around $ 1,000 each to install in any vehicle.

The device is designed to prevent anyone who exceeds the alcohol limit from starting the engine

Despite its description, at this time, the devices will not be able to include the system that measures the amount of alcohol in the blood. So, unless something changes before next July, it would only be connected to the vehicle’s starting system.

The purpose of this measure is to ensure that people who test positive for the breathalyzer cannot start their cars. As an argument in favor of this decision, the DGT argues that in 2020, almost half of the deaths in traffic accidents, or 48.7 percent, exceeded the permitted blood alcohol level.

The function of the device is to block the starting of the car if the authorized blood alcohol level is exceeded. This level is 0.25 mg / l in exhaled air, for regular drivers, and 0.15 mg / l for professional and novice drivers, as indicated by


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Rider Zim born in England for the Summer Series Mon, 18 Oct 2021 23:15:16 +0000

The herald

Collin Matiza Sports editor

THE dates for the country’s first motorcycling event – the Zimbabwe Summer Series – have been announced and the event is expected to be honored by young Zimbabwean rider born in England, Tyler Mabika.

Jamie Kerwin, the secretary of the Bogwheelers Club, which runs the motorcycle sport of motocross in this country, told the Herald yesterday that this year’s Zimbabwe Summer Series will take place over three days on December 8, 10 and 12.

It will be held at motorsport headquarters in Zimbabwe – Donnybrook Park Raceway – and will feature two Supercross (night racing events) on December 8 and 10, and a full day of motocross action on December 12.

This year the Zimbabwe Summer Series is expected to once again attract a number of junior and senior riders from South Africa and Zambia, who will likely be joined by Birmingham-based Mabika, 13. Mabika has been riding since the age of four.

Speaking from home, Tyler’s father and trainer Artwell ” Artaz ‘Mabika confirmed yesterday that they are preparing to compete in this year’s Zimbabwe Summer Series in December.

“We are currently trying to get in touch with the Bogwheelers Club, who are the organizers of the Zimbabwe Summer Series, so that they can send us an official invitation for Tyler to come and race in this prestigious motocross event in Zimbabwe.

“I can safely say that we are more than ready to come to Zimbabwe in December for this event and I think it will be an exciting experience for Tyler, who now rides in the 85cc class,” said Artwell.

If his son does make it into the Zimbabwe Summer Series, he will face some of the country’s best junior riders in the 85cc class, led by 14-year-old Emmanuel Bako, who recently won that class in the fourth round of 2021. Championship Series Nationals, in Donnybrook.

Young Emile Croisette, recently returned from a training camp in the United States under the direction of one of the best motocross riders in this country, Shannon Niday, and Riley Rocher, are also eager to compete in the 85cc class. .

Kerwin said that apart from Mabika they also expect other foreign junior and senior riders from South Africa and Zambia to be part of the three-day motorcycle jamboree.

She said they were still trying to get permission from the Sports Commission, to be allowed to let the public in, to watch this exciting event.

Currently, fans are prohibited from watching sporting events in this country due to restrictions related to the Covid-19 pandemic.

“We can’t get approval from the sports commission to have audiences at any event yet, (and) it puts pressure on the club but we will run the event with or without spectators.

“But we’re just keeping our fingers crossed that spectators will soon be allowed to return to the races,” Kerwin said.

In South Africa, vaccinated spectators are now allowed to attend motocross races, starting with the sixth and penultimate round of the 2021 South African National Championship series in Bloemfontein, where Bako will compete this Saturday.

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UP.Partners Launches $ 230 Million Venture Capital Fund to Turn the World on the Move Mon, 18 Oct 2021 20:30:00 +0000

Backed by investors such as Alaska Air Group, ARK Invest Founder and CEO, Cathie Wood, and Toyota Woven Capital Affiliate, UP.Partners aims to enable cleaner, faster, safer and lower cost transportation for people and goods.

Posted: October 18, 2021 at 3:30 p.m. CDT|Update: 39 minutes ago

SANTA MONICA, California, October 18, 2021 / PRNewswire / – UP.Partners today announced the final closing of its first $ 230 million Start-up venture capital fund dedicated to supporting businesses that are transforming the world on the move.

From left to right: Adam Grosser, Cyrus Sigari and Ben Marcus, general managers of UP.Partners

UP.Partners announces $ 230 million Venture capital funds to turn the world on the move

The movement of people and goods is the underlying fabric of society. Transport and logistics represent 10% of world GDP, which represents about 10 T $ per year. With responsible transport of 29% of global CO2 emissions, emerging technologies create opportunities for fundamental reinvention of cleaner, faster, safer and less expensive mobility solutions. Examples include parcel delivery drones, electric vertical planes for urban air mobility, precise positioning software, hydrogen-powered airliners, sustainable aviation fuel, ultra-low cost LIDAR sensors, scooters and micro-mobility electric bikes, advanced manufacturing techniques, improved electricity grid for recharging, and more.

Building a virtuous ecosystem focused on the future of mobility
UP.Partners has assembled a world-class consortium of leaders in aerospace, automotive, marine, hardware, software, telecommunications, finance and media to harness the movement of electrons, atoms and capital to help humanity rise. Investors include Alaska Air Group (NYSE: ALK); Founder and CEO of ARK Invest Cathie Bois, Woven Capital, the investment arm of Woven Planet Group, a subsidiary of Toyota Motor Corporation; the private industrial company Standard Industries; global real estate developer Hillwood, a Perot company; leading OSM Maritime ship management company, and more.

“Our investment in UP.Partners demonstrates Alaska Air Group’s continued commitment to supporting a cleaner, more accessible world of transportation,” said the CEO of Alaska Air Group. Ben minicuccui. “UP.Partners’ team, portfolio and ecosystem of partner companies and investors are truly world class, and we are proud to partner with UP.Partners in this journey of supporting technology companies in startups that turn the world on the move. “

“Transforming mobility through technology is at the heart of Woven Planet’s mission, and UP.Partners’ investment strategy is perfectly synchronized,” said Betty bryant, Director, Woven Capital. “Woven Capital is excited to partner with UP.Partners as they nurture entrepreneurs who focus on large-scale solutions that allow people, property and information to move more seamlessly, profitably and sustainably than ever before. before, for the benefit of humanity and the health of the planet for all. “

The Davos mobility
A key part of UP.Partners’ strategy is the annual UP.summit which brings together entrepreneurs, executives and investors with the common goal of improving mobility. The UP.Summit is organized alternately in Bentonville, Arkansas and Dallas, Texas, co-hosted by Steuart and Tom Walton, and Ross Perot Jr, respectively.

Since its inception in 2017, UP.Summit has grown into the most important annual gathering for the most daring innovators, investors and companies in mobility.

The impact of UP.Summit has been significant, resulting in direct investments exceeding $ 450 million in companies that have participated so far. Chairman of the Perot Group, Ross Perot Jr. said: “UP.Partners created the Davos mobility with the UP.Summit, bringing together the best ideas and the best minds to help humanity ascend. We are proud to join forces to advance this transportation revolution. “

UP.Partners has already made 10 investments in companies, including Skydio, a leader in flight autonomy, UnitX, a leader in manufacturing quality assurance, and the developer of electric vertical aircraft Beta Technologies, to never name a few. Kyle clark, CEO of Beta Technologies, which recently closed a $ 400 million The investment cycle led by Amazon Climate Pledge Fund and Fidelity said: “UP.Partners uniquely understands the potential and scale of new air mobility and brings together visionaries to realize this potential unmatched by other investors in venture capital – the industry is fortunate to have this team leading the way. “

Managing Partners put Booster rockets on mission to help more founders ramp up
UP.Partners was co-founded by entrepreneurs in serial aviation and technology Ben marcus and Cyrus Sigari. Marcus and Sigari co-founded jetAVIVA in 2006, which is today the number one seller of business jets in the world, and AirMap in 2014, which is the leading digital and automated air traffic management platform for drones. and flying cars.

Joining Marcus and Sigari as co-managing partner and chairman of the company is a four-time investor on the Forbes Midas list, Adam grosser. Prior to joining UP.Partners, Grosser enjoyed a diverse career as an engineer, successful founder and longtime investor. Most recently, he led Silver Lake Kraftwerk, Silver Lake Partners’ impact strategy for a decade. He has invested in many of the top performing climate-focused companies including Tesla, Solar City, EnerNoc, Control4, and Silver Spring Networks.

Ally Warson, formerly of ACME Capital, also joins the UP team as Principal. UP.Partners’ Venture Partner ecosystem includes Google Earth co-creator Brian McClendon, former Activision CEO Eric Hirshberg, co-founder and CEO of startup Aero Uma Subramanian, and more.

About UP.Partners
Transportation is the underlying fabric of society. UP.Partners invests in the pioneering entrepreneurs who create the key enabling technologies that help move people and goods cleaner, faster, safer and more efficiently in a multidimensional world. UP.Partnership with some of the world’s most innovative investors and companies, including Alaska Airlines, ARK Invest and Woven Capital, the investment arm of Toyota Woven Planet Group subsidiary. UP.Summit brings together the brightest minds in the mobility community every year to help humanity soar. Together, the UP community transforms the world in motion. For more information visit UP.Partners or follow on Twitter @UpPartnersVC Where LinkedIn.

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SOURCE UP Partners Management Company, LLC

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