JULYASIA BUSINESS OUTLOOK8MITSUI BOOSTS FUNDING IN EKA MOBILITY TO DRIVE EV INNOVATIONSUEZ SECURES THREE NEW WATER PROJECTS IN ASIAEKA (Pinnacle Mobility Solutions) declares Mitsui & Co., ("Mitsui"), a worldwide trading and investment firm with a rich history of contributing to industrial innovation, has performed a second tranche funding as a part of the preliminary announced phased investment, further solidifying their dedication to the quickly emerging electric vehicle (EV) firm.This strategic infusion of capital will be coordinated towards capital uses (Capex) and working capital, supporting EKA Portability's proceeded with extension and advancement in the EV industry. The organization stated in a press release that this tranche also set up an attractive valuation benchmark for the company and is evidence of EKA's rapid growth.EKA, Mitsui, and VDL Groep entered into a strategic long-term partnership in December 2023. This partnership included joint investments of $ 100 million (Rs 850 crores) in phases, equity, and technology cooperation to establish a global OEM leader in India. This is one of the biggest and most critical agreement in the new mobility segment around the world. Under the cooperation, EKA Mobility will get critical and key speculations from Mitsui, and technological help and equity partnership from VDL Groep, a leading Dutch technology and manufacturing firm.On account of partnership, VDL Bus & Coach, a subsidiary of VDL Groep and Europe's frontrunner in electric buses & coaches will uphold EKA Mobility by move of-innovation to create electric buses in India for the Indian market. At the Singapore International Water Week (SIWW), SUEZ, a global leader in circular solutions for the management of waste and water, declared three new projects in Asia, showcasing its innovative approach to water management in the industrial and municipal sectors. Emphasizing on digital solutions, seawater desalination and water reuse, these agreement in Singapore, China and in the Philippines outline SUEZ's obligation to tackling critical water issues by empowering networks to adjust to environment influences with upgraded strength. This is accomplished through strategic alliance and circular solutions.SUEZ was as of late granted another agreement by PUB, Singapore's National Water Agency, to convey and keep a Shrewd Water Grid Analytics Platform for its water supply organization. In view of SUEZ's AQUADVANCED® Water Networks platform, this exceptional framework will add to building up PUB's operational efficiency and resilience. The Smart Water Grid Analytics Platform can identify and limit water quality and tension issues in the network. For more efficient decision-making, it is able to produce precise simulations and suggest necessary corrective actions.PUB will gain improved visibility of the network conditions, with enhanced analytics capabilities to simulate and anticipate. This will empower PUB to plan a more global network management procedure, further improving its tasks and limiting burden to its customers. In order to address the critical shortage of drinking water in Metro Iloilo, SUEZ and JEMCO, a leading construction company in the Philippines, are working together to design, construct, and run a large-scale seawater reverse osmosis (SWRO) desalination plant. NEWSROOM
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