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Lendurai raises €5.6M Seed, for autonomous UAV systems in GPS-denied environments

Quick Facts🗂️ Company: Lendurai Website: https://lendurai.com LinkedIn: https://www.linkedin.com/company/lendurai/ Location: Tallinn, Estonia Funding Round: Seed Amount Raised: €5.6M Lead Investor(s): Expeditions Fund Other Investors: Vsquared, HCVC, Lemonade Stand All Investors: Expeditions Fund, HCVC, Lemonade Stand, Vsquared Total Funding to Date: €5.6M Founded: 2024 Sector: Defense Technology, Autonomous UAV Systems Company...

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Orcan Energy raises Growth funding, to transform industrial waste heat into energy

Germany-based, Orcan Energy "harvests waste heat from small to medium sources & turns it into energy". To do so, the startup sells plug & play efficiency "PACK"(s), that can easily be integrated on existing flue gas, steam & thermal oil circuits as well as liquid heat (i.e. hot water) sources; these include furnaces in cement, zinc, metal & glass industry, as well as thermal afterburners in automotive, construction & wood processing and refineries. The startup's innovation is an "Organic Ranking Cycle" (ORC) inside the PACKs, which works as follows: an “evaporator” transfers the heat source into the PACK; that heat pressurizes a working fluid, which is then routed/ vaporized to drive an expansion machine/ generator...

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 - filed for bankruptcy. The “Lightyear 0” - the company’s debut car - was to run 725km, with 70km coming from solar & the rest from electric charging (the company had assumed 40% of drivers would never have to charge the car at all). It was slated to go on sale for $250k in 2023. Atlas Technologies struck a deal with Finland-based Valmet Automotive to start manufacturing it in December 2022. At a rate of 1 per week, only a few cars were produced before the company abruptly halted production, so...

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