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Atlas Technologies – maker of the Lightyear solar car – goes bankrupt

The car business is a stern taskmaster. Netherlands-based Atlas Technologies (Atlas) producing Lightyear - set to be the world’s first mass produced solar car...

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EFFECT Photonics raises €38m Growth Round, for “pluggable transceivers”

A (relatively) new technology called “coherent transmission” has made enormous scaling of optical network transmission possible (allowing operators to upgrade the said, without replacing the physical fiber structure in the ground). In contrast to “direct detection” (first introduced a decade ago) (where only the amplitude of light is used to encode info), in coherent transmission amplitude is combined with phase modulation & polarization to send optical signals to a new type of digital signals processor (DSPs) (that combines them into one/ coherent high-speed data signal), which has enabled a 100x increase in wavelength speed & the ability to transmit signals over much longer distances. As coherent transmission tech progresses, the optical components to transmit &...

Mycorena raises €27m Series A, for fungus-based protein

Sweden-based, Mycorena is a biotech startup that grows fungus-based vegan protein, which can be used to manufacture a range of products, from vegan leather to animal feed & meat substitutes. Founded in 2017 by Ramkumar Nair (CEO) & Rebecca Gmoser (prev. R&D Mgr), the startup launched its “mycoprotein” ingredient Promyc in 2019 (made from an undisclosed fungus strain; leveraging the fungal biomass produced during fermentation in custom-made bioreactors; using side-streams from bakeries, mills & other food production as feedstock). The company claims Promyc is “neutral in taste" with a “meat-like texture", making it an excellent option for hybrid blends (to maintain the taste – you can add any flavor you like – & texture consumers...

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