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Volektra’s Revolutionary Technology Set To Drive The Future of Sustainable Transportation

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Sacramento, CA—Sustainable technology specialist Volektra is moving ahead with exciting plans to bring its affordable drivetrain concept to the electric vehicle (EV) sector, having recently closed a seed round.

Volektra is at the forefront of developing proprietary technology, which will be a game-changer for the economics and viability of EV production for both manufacturers and consumers.

Central to the company’s vision is a full-stack magnet-free drivetrain solution based on a proprietary technology developed by Volektra. This completely takes out magnets from a motor without compromising price and performance. 

The breakthrough technology coupled with the Volektra Smart and Connected (VSAC) system merges cutting-edge hardware and software to provide an electric drivetrain  option. This tech lies at the heart of its plug-and-play patent-pending units, known as ‘Vollkits’, which can be used to transform existing micro-vehicles into EVs. 

 

Around 20,000 three-wheelers and many E-bikes in Europe are already powered by Volektra’s generation 1 drivetrain which uses advanced PMSM motors driven by state-of-the-art gyroscopes, Bluetooth low-energy RF, and groundbreaking drive algorithms. They surpass anything else on the market in terms of cost, user experience, range, and safety., underpinning their market presence and proven customer base and operation excellence.

“Our magnet-free motor technology (SEEM) eliminates the need to use rare earth minerals,” said Volektra’s Founder and CEO Manish Seth, “so maintaining cost-effectiveness and performance, while contributing to a cleaner environment. 

“We believe Volektra is driving the future of sustainable transportation in providing innovative, affordable, and high-performance EV conversion kits.”

Mr. Seth said the company has succeeded in closing its latest Seed round and has also received Letters Of Intent (LOIs) and Proof of Concept relationships (POC) from the automotive industry stakeholders, furthering its plans to make its mark in the EV sector.

The company also plans to expand further into the US by setting up a base in Sacramento, California. Volektra is already collaborating with the California Mobility Center in Sacramento along with Tesla, Rivian, Bosch and Lion electric. 

As part of supporting the Sacramento and California connection, Growth Factory Ventures is participating in the Seed Round and leveraging its platform of commercialization, utility and talent partners. “Volektra is a great example of the exciting early stage companies leveraging Sacramento’s growing innovation alliance that supports development of climate, mobility and zero emission vehicle technology,” said Growth Factory’s Managing Partner, Rick Spencer. 

Addison Appu, Partner at ThinKuvate believes that Volektra is uniquely positioning itself in the sustainable mobility sector – its proprietary drivetrain technology makes it easy to transform a traditional vehicle into an electric one. Moreover, the “magnet free motor” technology has the potential to be the “game changer”.

Led by Ecozen, the seed round benefits from the support of various private investors, including Thinkuvate and Growth Factory. Volektra is funded by the Polish Agency for Enterprise Development (PARP), an EU-funded agency for innovative start-ups in Poland.

“Ecozen has been pivotal in driving sustainability with our climate-smart tech, positively impacting millions. Our investment in Volektra leverages our combined technological strengths to revolutionize electric mobility, enhancing efficiency and eliminating rare-earth magnets. Together, we are making sustainable transportation even more sustainable,” said Devendra Gupta, CEO and Co-founder, Ecozen.

“We are excited to partner with Volektra, recognizing the complementary strengths of our organizations and our shared vision for sustainable mobility. Volektra will help Ecozen access new markets for our technology, while Ecozen will support Volektra in bringing their advanced innovations to regions where we have a strong presence,” said Prateek Singhal, COO and Co-founder, Ecozen.

Volektra is also backed by a strong team with extensive experience in the automotive and EV industries from top companies such as Ford, VW, Tesla, ABB, and Danfoss.

Piyus Desai Co-founder and CTO of Volektra added: “Volektra envisions a future where electric mobility is the norm, not the exception, and is dedicated to making this vision a reality through continuous innovation, strategic partnerships, and a relentless focus on sustainability. With our magnet free drivetrains and VSAC, we are firmly putting EV production into the fast lane and can also expand the usage to other sectors for maximum impact.”

For more information about Volektra: https://volektra.com/

Website URL: https://volektra.com

Company name: Volektra Inc.

Contact person: W. Radtke

Contact email: info@volektra.com

Country: US 

SOURCE: Volektra

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New World Asset Management Ltd NWAM and AlgoDynamix reach a comprehensive strategic cooperation Leading the new era of intelligent risk management

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In the ever-changing global financial market, investors have an increasing demand for accurate market insights and intelligent risk management. Market volatility, emergencies and global economic uncertainty have brought unprecedented challenges to investors. However, in the face of these changes, New World Asset Management (NWAM) and AlgoDynamix have joined forces to provide global investors with forward-looking market risk management solutions to help them remain invincible in market fluctuations.

United States, 24th Oct 2024 – In the ever-changing global financial market, investors have an increasing demand for accurate market insights and intelligent risk management. Market volatility, emergencies and global economic uncertainty have brought unprecedented challenges to investors. However, in the face of these changes, New World Asset Management (NWAM) and AlgoDynamix have joined forces to provide global investors with forward-looking market risk management solutions to help them remain invincible in market fluctuations.

As a leading global risk analysis company, AlgoDynamix relies on its unique AI and big data analysis technology to focus on predicting market volatility and risk management. The market volatility prediction tools provided by AlgoDynamix have been widely used in many financial institutions around the world, helping investors to make plans before market fluctuations. Its innovative risk prediction system allows investors to adjust their strategies in time when the market fluctuates violently to avoid potential losses.  In November 2023 , NWAM and AlgoDynamix officially launched strategic cooperation negotiations. The two parties quickly determined the cooperation framework and decided to integrate AlgoDynamix’s market risk prediction model with NWAM’s AI quantitative trading platform. This integration will not only greatly enhance NWAM’s market analysis capabilities, but also provide its users with intelligent market volatility early warning functions.

In early 2024, the two parties successfully completed the integration of market data and risk prediction tools, and officially released the AI-driven market volatility early warning system on the NWAM platform. The system can monitor market dynamics in real time, capture potential risk signals, and provide users with instant risk warnings. With this technology, NWAM users can quickly respond to market changes and adjust investment strategies to achieve more stable wealth growth.  One of the important results of this cooperation is the launch of an intelligent risk management system. Through this system, NWAM users can not only obtain accurate market volatility forecasts, but also use intelligent tools for personalized risk management. Whether it is large institutional investors or individual investors, the NWAM platform will help them make smarter decisions amid market uncertainty.  Commenting on the partnership, NWAM CEO said: “We have always believed that the future of financial markets belongs to those companies that can fully leverage smart technology. AlgoDynamix’s technology fits seamlessly with our AI quantitative trading platform, providing our users with powerful risk management tools. This partnership marks a key step forward in our journey towards smart investment management.”

The founder of AlgoDynamix is also looking forward to the cooperation: “NWAM’s leading technology in digital asset management and AI trading perfectly complements our expertise in predicting market volatility. We firmly believe that through this cooperation, global investors will be able to better protect their assets during market turmoil and achieve steady wealth appreciation.”  This cooperation not only promotes the advancement of intelligent risk management technology, but also opens a new chapter in safer and more reliable wealth management for global investors. Through its cooperation with AlgoDynamix, NWAM will significantly enhance its capabilities in market analysis and risk management. The AI-driven market fluctuation early warning system and intelligent risk management functions not only improve the platform’s market response capabilities, but also bring more security to investors. In an increasingly complex global market, improving risk management capabilities is undoubtedly an important cornerstone for investors to make steady profits.

Media Contact

Organization: New World Asset Management Ltd

Contact Person: Don Adam Perera

Website: https://newworldeco.com

Email: Send Email

Country: United States

Release Id: 24102418963

The post New World Asset Management Ltd NWAM and AlgoDynamix reach a comprehensive strategic cooperation Leading the new era of intelligent risk management appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Eagle Crest Asset Management and Its AI Ambitions A Global Expansion

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United States, 24th Oct 2024 – Since its founding in 2019, Eagle Crest Asset Management has been steadfast in its commitment to providing long-term value to clients through professional investment management and meticulous risk control strategies. With a client-first approach, the firm has built a strong reputation for its innovative solutions and personalized investment strategies, which are designed to meet the unique financial goals of each client. As the company evolves, it is turning its focus towards a new frontier: artificial intelligence (AI).

Eagle Crest’s Growing Focus on AI

In today’s rapidly changing financial landscape, technology and AI are becoming critical components in shaping the future of asset management. Recognizing this trend, Eagle Crest has identified the AI industry as a key area for future growth and investment. The firm plans to intensify its research and development efforts in AI, aiming to discover and invest in promising AI startups and enterprises that show potential for long-term success.

By leveraging cutting-edge AI technologies, Eagle Crest intends to enhance its investment strategies, enabling more sophisticated portfolio management and improving predictive analytics for better market forecasting. The firm is particularly focused on identifying companies at the forefront of AI innovation, those developing groundbreaking applications across industries such as healthcare, robotics, autonomous systems, and big data analytics.

Strategic Global Expansion

To support its ambitious AI focus, Eagle Crest Asset Management is expanding its global footprint. Over the next few years, the company plans to establish offices in dozens of regions worldwide. This global expansion will provide the firm with a more diverse and extensive network, allowing it to tap into local AI ecosystems and identify promising investment opportunities in key markets.

By setting up operations in major innovation hubs, including North America, Europe, Asia, and the Middle East, Eagle Crest aims to build strong partnerships with local AI companies, researchers, and innovators. These offices will also serve as research centers, helping the company stay ahead of emerging trends and technological advancements in AI. This global presence will not only enhance Eagle Crest’s access to high-potential AI startups but will also allow the firm to support them through funding, mentorship, and strategic partnerships.

A Vision for the Future

Founder Ridel Bosco Castillo has always been a visionary leader, driving Eagle Crest’s growth and innovation. With this new focus on AI, Castillo sees tremendous opportunities to shape the future of asset management by integrating advanced technologies into the investment process. He believes that by fostering AI innovation, Eagle Crest can generate superior returns for its clients while also contributing to the advancement of AI industries worldwide.

As Eagle Crest Asset Management continues to evolve, its AI-driven strategies and global expansion will position the firm as a leader in both the financial and technology sectors. The company’s commitment to finding and investing in the best AI enterprises, combined with its robust network of global offices, will enable it to stay at the forefront of the industry, offering clients access to cutting-edge investment opportunities and solutions.

In the coming years, Eagle Crest aims to become a key player in the AI space, bridging the gap between finance and technology while delivering unparalleled value to its clients. This strategic move marks the beginning of a new chapter for the firm, one where AI and global innovation will drive its future success.

Media Contact

Organization: Eagle Crest Asset Management

Contact Person: Ridel Bosco Castillo

Website: https://ecamai.com/

Email: Send Email

Country: United States

Release Id: 24102418964

Disclaimer: Investments in artificial intelligence (AI) and related technologies are subject to significant risks, including technological challenges, market volatility, and unpredictable regulatory environments. Clients and prospective investors should perform their own due diligence and consider their financial goals, risk tolerance, and consult with financial advisors before making investment decisions. All information provided is for informational purposes only and should not be construed as financial advice.

The post Eagle Crest Asset Management and Its AI Ambitions A Global Expansion appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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EMEET Recognized with Multiple Prestigious Awards for EMEET AirFlow and EMEET Meeting Capsule Pro Room Kit

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China, 24th Oct 2024 – EMEET, a leader in AI-driven audio and video communication solutions, recently received prestigious recognition for its innovative products. The EMEET AirFlow Open-Ear Headphones have been honored with Japan’s G-Mark Design Award and earned Zoom certification. Additionally, the EMEET Meeting Capsule Pro Room Kit has won the prestigious IDEA Award.

Award Highlights

The G-Mark Design Award, also known as the Good Design Award, is a significant accolade in Japan, recognizing outstanding design and innovation. Being Zoom certified underscores EMEET’s commitment to providing superior audio and video experiences that meet industry standards.

The IDEA (International Design Excellence Awards) is one of the premier awards in the field of industrial design. Winning this award stands as a testament to EMEET’s relentless pursuit of groundbreaking and user-friendly products.

Award-Winning Product Overview

EMEET AirFlow

EMEET AirFlow Open-Ear Headphones combine cutting-edge technology with elegant design, providing users with an exceptional auditory experience that ensures situational awareness and comfort. With the detachable microphone design, the EMEET AirFlow is not only a ideal choice for daily entertainment, but also an office essential for professionals.

The recognition by G-Mark and Zoom certification highlights its excellence in both design and functionality.

EMEET Meeting Capsule Pro Room Kit

The EMEET Meeting Capsule Pro Room Kit combines a camera, speaker, and microphone into one sleek device, eliminating the need for multiple pieces of equipment and simplifying the setup process. This all-in-one design ensures a seamless meeting experience in one compact package.

Winning the IDEA Award showcases EMEET’s dedication to creating products that blend advanced technology with user-centric design.

About EMEET

EMEET values the contributions of every individual in meetings and knows that everyone should be heard and seen. Established in August 2016, with the mission of “better communication, better world”, EMEET endeavored to create an intelligent mobile collaboration space. Today, EMEET is a prominent global company, specializing in R&D, production, and sales of AI-driven intelligent audio and video communication products.

The Zoom-Certified AirFlow will be available in December, 2024.

Media Contact

Organization: EMEET TECHNOLOGY CO., LTD

Contact Person: Amy Lyu

Website: https://emeet.com/

Email: Send Email

Country: China

Release Id: 24102418947

The post EMEET Recognized with Multiple Prestigious Awards for EMEET AirFlow and EMEET Meeting Capsule Pro Room Kit appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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