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ATEL Ventures, Inc. Provides Equipment Financing to Electric Truck Manufacturer, Harbinger

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Electric truck manufacturer, Harbinger is just one startup to take advantage of equipment financing to enable it to scale, by partnering with ATEL Ventures.

SAN FRANCISCO, July 8, 2024 /PRNewswire-PRWeb/ — ATEL Ventures, Inc., a division of ATEL Capital Group and a provider of venture debt and equipment financing solutions to growth-stage companies, has announced an agreement to provide equipment financing to Harbinger, a Southern California-based manufacturer of electric trucks, to enable the company to expand its manufacturing capacity.

“We have received 4,000 orders… The financing provided by ATEL Ventures will help us expand our manufacturing capabilities.”

Harbinger is focused on meeting the demand for medium-duty electric vehicles (EVs) with a first-of-its-kind vertically integrated EV platform designed to deliver improvements in safety, driver experience and vehicle operation.

“More and more commercial fleet operators are turning to EVs, and Harbinger provides a solution with zero price acquisition premium over gas or diesel-powered vehicles,” said Steven Rea, President, ATEL Ventures, Inc. “The future is electric and while other manufacturers are busy electrifying older vehicles, we believe Harbinger’s ground-up solution will emerge as a leader in this sector.”

John Harris, CEO and Co-Founder of Harbinger said: “We have received 4,000 orders from customers including Bimbo Bakeries USA, THOR Industries, Mail Management Services and more. The financing provided by ATEL Ventures will help us expand our manufacturing capabilities.”

Alongside the debt financing by ATEL Ventures, Harbinger has attracted over $100M of venture investment from Greycroft, Tiger Global, Ridgeline, THOR Industries and others, including an oversubscribed $73M Series A round.

About ATEL Ventures, Inc

ATEL Ventures, a division of ATEL Capital Group, is a leading provider of venture debt and equipment financing to emerging growth companies. The company is a primary source of non-dilutive capital across the landscape of venture capital investments. ATEL Ventures is industry- and stage-agnostic, having provided capital to companies in Information Technology, Life Sciences, Energy, Agriculture, Material Sciences, and Consumer Products and Services. For more information, visit: https://atelventures.com/ or email Steven Rea: srea@atel.com

About Harbinger

Harbinger is a commercial electric vehicle (EV) company on a mission to transform an industry starving for innovation. Harbinger’s best-in-class team of EV, battery, and drivetrain experts have pooled their deep experience to support the growing demand for medium-duty EVs. Leveraging a foundation of proprietary, in-house developed vehicle technologies designed specifically for commercial and specialty vehicle applications, Harbinger is bringing a first-of-its-kind EV platform to market, priced at parity to gasoline and diesel vehicles. Harbinger: familiar form, revolutionary foundation.

Media Contact:

ATEL Ventures: Jon Meakin | Coldharbour Communications
T +1 (917) 624-3227 | E jon@coldharbourcomms.com

Harbinger: Kylee Keskerian | Futurista Communications
T +1 (419) 822-6417 | E kylee@futuristacommunications.com

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SOURCE ATEL Ventures, Inc.

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Toxic Waste® Hazardously Sour Candy® Storefront Now Open in Roblox®

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The confectionery brand becomes one of the first to have this presence in the popular gaming platform

INDIANAPOLIS, April 10, 2025 /PRNewswire/ — Candy Dynamics, brand owners of Toxic Waste® Hazardously Sour Candy® , continues their success with Gen-Z and Gen-Alpha through their latest activation in Roblox®! In collaboration with Republiqe, one of the leading developers of engaging experiences in gaming, the brand recently launched a virtual storefront where branded items will be available for purchase using the in-game currency, Robux. This will not be the average store, but rather a unique experience users will be able to see as soon as they enter the front door from the halls of the Hex Mall.

This will not be the average store, but rather a unique experience users will be able to see as soon as they enter.

Built around the unique branding of Toxic Waste, the storefront features a river of toxic slime, creepy-crawlers and ladders that users can climb to reach the most exclusive items. “I understand personally just how large of a role this game plays in the younger generation as I have a teenager of my own,” says Laura King, president of Candy Dynamics. “That generation utilizes Roblox for entertainment as well as a means of connecting with friends – choosing to meet up inside the game.”

Products within the storefront can be worn immediately once purchased, allowing users to don items such as a backpack inspired by the iconic Toxic Waste Yellow Drum or even hair made to look like the slime visible on product packaging. Users will be able to wear these items across the vast Roblox world – impressing the nearly 380 million monthly active users globally. The Toxic Waste brand will be one of the first confectionery brand to step into the space, marking an exciting time for Candy Dynamics. Get your sour style on by visiting the Toxic Waste Storefront in Roblox.

Candy Dynamics Inc, previously known as Family Sweets, founded the Toxic Waste® brand in 2001. Its flagship product, Toxic Waste® Hazardously Sour Candy® answers the call for an extremely sour product that remains sour the whole way through. Its one-of-a-kind double-action sour hard candy treat has become a hit with candy lovers of all ages worldwide. The brand experienced a colossal boost with the virality of Slime Licker® on social media – garnering over 360 million views on the hashtag. The Toxic Waste appeal has spread worldwide with major markets in North America, South America, Europe, South Africa, Middle East and Australia. Find out more at toxicwastecandy.com.

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SOURCE Candy Dynamics

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Professor Niazi Challenges the 2024 Chemistry Nobel Prize that the 3D Protein Structure cannot be predicted, refuting claims of Rosetta and AlphaFold

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CHICAGO, April 10, 2025 /PRNewswire/ — Sarfaraz K. Niazi, an adjunct professor at the University of Illinois, Chicago, today filed a petition against the Nobel Prize Foundation for the selection of the 2024 Prize in Chemistry. Today, he published a peer-reviewed scientific paperi in the Elsevier journal challenging this decision to award the 2024 Chemistry prize to David Baker, Demis Hassabis, and John Jumper for creating Rosetta and AlphaFold computer algorithm to predict the 3D structure of proteins based on a given amino acid sequence. Professor Niazi presents a quantum mechanics model to demonstrate that a given amino acid chain can have trillions of possible 3D structures that can never be projected by any chemical testing method that changes the 3D structure to test. All computer algorithms are based on 3D structures that do not correlate with the active structure of any 3D protein. Professor Niazi created a new paradox: “3D structure is based on but independent of amino acid sequence.” The computer algorithms funded with billions of dollars of investment are based on known 3D structures unrelated to a physiologically or pharmacologically active protein. Their success in presenting their version of 3D structures results from extensive computer power, collecting data from millions of sources. According to Professor Niazi, this is not a breakthrough discovery, as he wrote to the Nobel Prize Foundation challenging their decision to award the 2024 Chemistry Nobel Prize.

According to Professor Niazi, as he showed in his paper, these algorithms fail in predicting a random structure since they are all based on the learning of known structures; however, these structures do not represent the structure that is responsible for the activity of proteins; thus any such prediction has little research value. He expects the Nobel Foundation to respond to his challenge. He plans to expand the role of artificial intelligence in drug discovery and development to treat today’s untreatable diseases.

Contact Information

Sarfaraz K. Niazi, Ph.D. niazi@niazi.com

i Niazi, SK, Quantum mechanics paradox in protein structure prediction: Intrinsically linked to sequence yet independent of it, Computational and Structural Biotechnology Reports, Volume 2, 2025, 100039, ISSN 2950-3639, https://doi.org/10.1016/j.csbr.2025.100039. (https://www.sciencedirect.com/science/article/pii/S2950363925000109)

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SOURCE Professor Sarfaraz K. Niazi

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5C Group Formed as Hypertec Cloud Acquires 5C Data Centers, Creating One of the Largest AI Digital Infrastructure Providers in North America

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MONTREAL, April 10, 2025 /PRNewswire/ — In a landmark move that reflects the rapid convergence of AI and data center infrastructure, leading AI cloud platform Hypertec Cloud has acquired 5C Data Centers, a premier colocation and data center provider with over 2 gigawatts (GW) of roadmap capacity in the U.S. This strategic acquisition marks the spin-off of Hypertec Cloud from its parent company, Hypertec Group, and the launch of 5C Group—a new independent entity focused on building the next generation of AI infrastructure at scale.

Jonathan Ahdoot has been appointed CEO of the newly formed 5C Group, which combines Hypertec Cloud’s high-performance cloud computing capabilities with 5C Data Centers’ expansive footprint across the U.S. Together, they form one of the largest and most agile AI Digital Infrastructure providers in North America—positioned to build the next generation of AI factories that will power the industry’s future.

This acquisition is driven by three key strategic objectives:

1. Delivering a Comprehensive AI Digital Infrastructure Solution: By combining Hypertec Cloud and 5C Data Centers, 5C Group will provide integrated data center and AI infrastructure designed to meet the needs of AI frontier labs, AI-native enterprises, and large-scale enterprise clients.

2. Accelerating Speed-to-Deployment in a Constrained Market: As demand for AI deployments grows and large-scale data center capacity remains limited, the combined platform will enable faster time-to-market for extra-large AI clusters. Integrated compute and data center design will significantly reduce deployment timelines and enable synchronized infrastructure rollouts.

3. Driving Performance and Cost Optimization: Drawing on Hypertec’s decades of experience in hardware and infrastructure design, white-glove support, and sustainable engineering, the new entity will incorporate advanced cooling technologies—such as direct-to-chip liquid cooling and immersion cooling—to support higher rack densities and energy savings.

“The biggest challenge in AI infrastructure today is alignment—between what AI compute requires and what the physical hosting environment can deliver. We’ve solved that by integrating the two sides together,” said Jonathan Ahdoot, CEO of 5C Group. “With this acquisition, we bring together deep expertise in performance-optimized AI compute infrastructure and the design and operation of large-scale, world-class data center campuses. That combination allows us to accelerate deployments, push density further, and deliver unmatched efficiency for the largest and most demanding AI users for years to come.”

“The spin-off of Hypertec Cloud marks a pivotal moment for Hypertec Group,” added Simon Ahdoot, CEO of Hypertec Group. With the acquisition of 5C Data Centers, the newly formed 5C Group is positioned to deliver AI Digital Infrastructure designed for the scale, speed, and complexity of tomorrow’s industry. Together, as partners, we’ll continue to advance compute, storage, and data center technologies—delivering real value to power the future of AI innovation.”

5C Group’s portfolio of AI-optimized data center campuses across the U.S. includes more than 600 megawatts (MW) of capacity—part of its total 2 gigawatts (GW)—that will be available for deployment within the next 6 to 18 months for new and existing AI data center colocation and compute customers. The platform is purpose-built to meet the extreme density, power, and cooling demands of AI workloads, laying the foundation for the future of AI innovation.

About 5C Group

5C Group is a next-generation AI Digital Infrastructure provider established from the acquisition of 5C Data Centers by Hypertec Cloud. With over 2 gigawatts (GW) of roadmap capacity and the ability to power hundreds of thousands of GPUs, 5C Group delivers secure, reliable, and sustainable data center and AI infrastructure solutions at scale to the largest and most demanding AI users. For more information, please visit www.5cgroup.ai.

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SOURCE Hypertec Cloud

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