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Business Sweden expands in India with a new office in Mumbai

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MUMBAI, India, March 21, 2025 /PRNewswire/ — Business Sweden’s new office in Mumbai was officially inaugurated on March 18 by Sweden’s Minister for Foreign Affairs, Ms. Maria Malmer Stenergard, and Business Sweden’s CEO, Mr. Jan Larsson.

Business Sweden, the Swedish Trade and Invest Council, is expanding its operations in India by establishing a new office in Mumbai. This strategic move aligns with the Swedish government’s increased focus on trade relations with Asia, and marks Business Sweden’s continued commitment to fostering trade and investment between Sweden and India.

With India projected to become the world’s third-largest economy by 2030, Swedish companies are increasingly drawn to the market.

India consistently ranks among the top three global markets in terms of business climate for major Swedish companies. This underscores the significance of the world’s most populous market for Swedish enterprises. By opening our third office in the country, we are reinforcing our already strong presence in India. This sends a powerful message to both the Indian and Swedish business communities about the vast and growing potential in trade between our nations,” said Jan Larsson, CEO, Business Sweden.

Today, nearly 300 Swedish companies operate in India, employing 200,000 people directly and 2.2 million, indirectly. Of these, over 100 are located in the Western States of Maharashtra, Gujarat and Goa. Meanwhile, 70 Indian companies have invested in Sweden to date, generating 7,000 direct jobs.

“Right from the 1960s, major Swedish businesses like SKF, Sandvik, Tetra Pak, Alfa Laval and Atlas Copco established on the outskirts of Pune, Swedish interest in the region has only grown and fortified. Today, it is a new age when tech companies like Spotify, Storytel, Lektus, GoMo & Spolto are thriving in Maharashtra and Gujarat with serious expansion plans,” Swedish Consul General in Mumbai, Sven Östberg highlighted.

Sofia Högman, Trade Commissioner and Country Director for Business Sweden in India, emphasised the increasing interest in the Indian market: “The demand for support in India is immense, and we are now even better positioned to help Swedish companies seize business opportunities across key sectors, including healthcare, infrastructure, the green transition, and manufacturing. At the same time, we can assist more Indian companies in investing in Sweden and creating jobs.”

Business Sweden already operates offices in Delhi and Bengaluru. The addition of the Mumbai office strengthens Business Sweden’s proximity to India’s financial capital and the industrial hub of Pune, Sweden’s long-standing business stronghold in the country.

About Business Sweden

Business Sweden helps Swedish companies realise their export ambitions and assists international companies in investing and growing in Sweden. With a presence in over 40 markets worldwide, we identify business opportunities that drive expansion, create jobs, and foster sustainable growth.

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H55 RECOGNIZED AMONG FAST COMPANY’S MOST INNOVATIVE COMPANIES OF 2025

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Swiss Electric Aviation Pioneer Earns Top 10 Spot in Transportation Sector

SION, Switzerland, March 31, 2025 /PRNewswire/ — H55, a leader in electric aviation solutions, is honored to announce its inclusion in Fast Company’s esteemed list of the World’s Most Innovative Companies of 2025, securing the No. 10 position in the transportation category. This recognition underscores H55’s commitment to advancing electric propulsion and battery storage technologies, building upon the team’s heritage of Solar Impulse.

Fast Company’s annual list highlights businesses that are reshaping industries and culture through innovation. This year, over 600 organizations across 58 sectors were recognized for setting new standards and achieving remarkable milestones.

H55’s mission is to revolutionize air travel by providing certified electric propulsion and battery management systems tailored to a diverse range of aircraft, thereby realizing sustainable aviation. The company’s flagship electric propulsion system integrates electric propulsion and battery storage, offering quiet operation, low operational costs, and zero-emissions.

In 2024, H55 achieved significant milestones, including the acceptance of its battery pack Compliance Checklist by the European Union Aviation Safety Agency (EASA), marking a critical step toward certification. Additionally, the company introduced the B23 Energic, a fully electric two-seater developed in partnership with Czech airplane manufacturer BRM Aero. The aircraft can remain aloft for over an hour on a single charge, with recharging costs averaging just $7.

As part of its ongoing efforts to demonstrate the viability of electric aviation, H55 is embarking on the “Across America” tour. Commencing at SUN ‘n FUN in Lakeland, Florida, this five-month journey will showcase the B23 Energic across major aviation hubs and events throughout the United States, including stops in Florida, Arizona, California, Nevada, Colorado, Wisconsin (EAA AirVenture) and New York. The tour invites flight schools, government agencies, investors, and aviation professionals to experience the future of electric flight firsthand.

Reflecting on this recognition, André Borschberg, Co-Founder and Executive Chairman of H55, stated: “Being recognized by Fast Company as one of the world’s most innovative companies is a meaningful validation of our vision. It reinforces the pioneering work that began with Solar Impulse and continues today with H55. As we embark on the ‘Across America’ tour, we are not just showcasing technology—we are proving what is possible. Pilots, industry leaders, and regulators will be able to experience firsthand the efficiency, reliability, and sustainability of electric flight. With this mission, we’re demonstrating that electric aviation is no longer a distant dream—it is a certified, commercially viable solution ready to be adopted by operators and transform the way we fly.”

Commenting on H55’s technical progress and path to market readiness, Martin Larose, CEO of H55, “The company is advancing steadily toward certification. Our technology has been thoroughly de- risked, and we’re making strong progress on key milestones, with battery certification requirements expected to be completed by mid-2025, followed by full electric propulsion system approvals in Europe, the United States, and Canada. We remain committed to advancing electric aviation with precision and purpose, staying true to the values that guide our innovation.”

As global momentum builds around clean aviation, H55’s recognition by Fast Company reinforces its leadership at the intersection of innovation and sustainability. With a clear certification path and a bold roadmap ahead, the company is helping shape an era where electric flight becomes the new norm.

The full list of Fast Company’s Most Innovative Companies honorees is available at fastcompany. com and on newsstands beginning March 25. Fast Company will host the Most Innovative Companies Summit and Gala for honorees on June 5, featuring a day of inspiring content followed by a creative black-tie gala.

For more information about H55 and its initiatives, please visit www.h55.ch.

About H55

H55 is a Swiss-based company founded by the former Solar Impulse management team: André Borschberg, Sebastien Demont, and Gregory Blatt. Dedicated to revolutionizing the aviation industry, H55 provides certified electric propulsion and battery management systems tailored to a diverse range of aircraft, aiming to achieve sustainable air travel. Through its pioneering legacy and commitment to certified solutions, H55’s team of visionary engineers and aerospace experts are at the forefront of driving the aviation industry toward a more environmentally responsible future, setting new standards and pushing the boundaries of electric aviation.

Fast Company

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com.

For more information
press@h55.ch
www.h55.ch 

H55 SA
Route de l’Aéroport 10 1950 Sion
Switzerland

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Nearly a Third of Generative AI Users Look to RAG to Support Information Handling According to New Survey

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Security and quality of data indicate need for better data governance – joins, insufficient skills, and lack of context awareness as are the greatest risks to leveraging Generative AI

NEW YORK, March 31, 2025 /PRNewswire/ — While the generative AI (GenAI) revolution is rolling forward at full steam, it’s not without its share of fear, uncertainty, and doubt according to the new State of Play on LLM and RAG: Preparing Your Knowledge Organization for Generative AI survey. Sponsored by Graphwise, the leading Graph AI provider and the newly formed company as the result of the recent merger of Ontotext with Semantic Web Company, the study found the great promises that can be delivered through large language models (LLMs) are tainted by concerns over hallucinations, bias, data security, black-box decisioning, and outdated information. Security and quality of data were seen as the greatest risks as 71% said their increased usage of GenAI was a risk in terms of output. There is almost unanimous agreement (99%) that humans need to stay close by to mitigate such risks.

Despite these concerns, LLMs are becoming pervasive across most organizations, especially in the testing and development stage as 85% of respondents are either exploring and testing their potential or have LLMs in production. Nine in ten will keep expanding their LLM implementations with content creation and knowledge discovery as primary applications. More than three out of five (67%) seek to employ LLMs to help employees access insights, followed closely by expected employee productivity gains and reducing the time for knowledge workers to access the information (65% respectively).

To meet objectives like these, users of generative AI are looking to retrieval-augmented generation (RAG) environments for improved contextual results, actionable data, and reduced time to insights with precision and traceability. Modern approaches such as knowledge graphs were cited as a critical way to leverage an organization’s structured and unstructured data and establish a grounding for RAG systems so they can remove the typical barriers and risks to generative AI success. Close to a third are exploring RAG environments to support their information handling as 29% have RAG solutions in place or are implementing these solutions to bridge the gap between corporate databases and LLMs.

Most agreed that their businesses would depend on it, as close to half felt RAG will help make information more actionable and closer to real time. The strategic value of LLMs and RAG lies in their ability to transform how organizations manage and utilize knowledge, leading to improved productivity, better decision-making, enhanced customer experiences, and increased efficiency.

“Large organizations are enamored by the promise of AI and how it can transform proprietary insights into a competitive advantage. As the study confirms, companies are eager to invest in generative AI yet, without rigorous data quality control, these investments risk being squandered on training AI models with irrelevant or inaccurate data, leading to flawed outcomes and hindering the anticipated return on investment,” said Andreas Blumauer, Senior VP Growth, Graphwise. “Wrong decisions cost money and often cause irreparable reputational damage from inaccurate results, misguided or biased decisions, and dangerous hallucinations. Combining knowledge graph infrastructure with semantic AI technology is a vital step and comparatively small investment for AI to forge its place as a permanent part of business infrastructure.”

To learn more:

Download the full survey findings here.Read the complimentary blog here.Listen to the webinar/YouTube report here.Learn more about graph databases and RAG here.

About the Study:

Surveying 382 executives and managers who oversee knowledge management services and functions, The State of Play on LLM and RAG: Preparing Your Knowledge Organization for Generative AI study was conducted by Unisphere Research in December 2024.

About Graphwise
Graphwise enables organizations to unlock ROI for enterprise AI by delivering the most comprehensive and trusted industry solution in the field of knowledge graphs and semantic AI technologies. As enterprises pour millions into AI investment, Graphwise delivers the critical knowledge graph infrastructure that ensures that enterprises can realize the technology’s full potential, is trusted, and can be implemented at scale. Graphwise, which is the result of the merger between tech visionaries Ontotext and Semantic Web Company, has over 200 employees worldwide, with offices located across North America, Europe, and APAC. To learn more, visit www.graphwise.ai or follow on LinkedIn.

Media Contacts:

Chris McCoin or Rick Smith
McCoin & Smith Communications. Inc. 
chris@mccoinsmith.com or rick@mccoinsmith.com 

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PEAK3 and ASUS IoT Partner to Deliver Next-Generation Broadcast Technology to Edge Computing

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Partnership brings broadcast-powered data delivery to edge devices, eliminating connectivity bottlenecks for smart city and industrial applications

SAN FRANCISCO, March 31, 2025 /PRNewswire/ — PEAK3 Spectrum and ASUS IoT announced today a strategic partnership that will integrate PEAK3’s Industrial ATSC 3.0 M.2 Receiver technology into ASUS IoT’s hardware platforms, creating new possibilities for smart cities and industrial automation.

The collaboration combines PEAK3’s broadcast expertise with ASUS IoT’s industrial-grade hardware to address growing demand for real-time data processing at the network edge, particularly in applications where traditional internet connectivity is unreliable or insufficient.

“This partnership allows us to deliver broadcast capabilities directly to edge computing devices, eliminating traditional connectivity bottlenecks,” said Alp Sezen, CEO of PEAK3 Spectrum. “By leveraging nationwide ATSC 3.0 broadcast signals, we’re creating a reliable data highway for critical applications.”

PEAK3’s recently launched Industrial ATSC 3.0 M.2 Receiver enables devices to access next-generation broadcast signals without requiring traditional network infrastructure. The company currently utilizes a dedicated 1MB data pipe through an agreement with National Broadcast Group, covering approximately 40% of the U.S., with plans for nationwide expansion in the next 12 months.

Patrick Sung of ASUS IoT said the integration will support applications ranging from smart traffic systems to industrial monitoring. “By embedding PEAK3’s receiver technology into our hardware platforms, we’re creating devices that can process data in real time regardless of local network conditions.”

ASUS IoT brings to the table its extensive expertise in developing industrial-grade hardware solutions. With a portfolio that includes single-board computers (SBCs), mini PCs, and custom IoT solutions, ASUS IoT is well-positioned to integrate PEAK3’s M.2 Receiver into its hardware platforms. This integration will enable a new generation of edge devices capable of leveraging ATSC 3.0 broadcast technology for real-time data processing and communication.

The combination of PEAK3’s M.2 Receiver and ASUS IoT’s hardware platforms opens up new possibilities for smart city applications, transportation, industrial automation, and IoT deployments. For example, in smart cities, this technology can be used to enable real-time traffic monitoring and management. In industrial settings, it can facilitate the seamless integration of IoT devices for predictive maintenance and process optimization.

The partnership addresses several key challenges in edge computing, particularly in environments where traditional internet connectivity is unreliable, expensive, or unavailable. The ATSC 3.0 broadcast standard provides a one-to-many distribution model that can efficiently deliver data to thousands of devices simultaneously.

Market analysts note that this approach could significantly reduce connectivity costs for large-scale IoT deployments while improving reliability for critical applications.

For more information, visit www.peakthree.io and https://iot.asus.com.

About PEAK3: 
PEAK3 specializes in integrating ATSC 3.0 with cloud computing and software-defined networking. The company enables enterprises to dynamically rent spectrum for efficient data distribution to edge devices, particularly benefiting industries requiring large-scale software updates. For more information, visit peakthree.io.

About ASUS IoT: 
ASUS IoT, a division of ASUS, delivers industrial-grade hardware solutions for IoT applications, including single-board computers, mini PCs, and custom IoT solutions.

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