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Ampd Energy Secures Oversubscribed $27.3 Million in Series B Funding to Accelerate Clean Battery Energy Storage Solutions Globally

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$27.3 million Series B funding co-led by Kibo Invest and Openspace, continued participation from MTR Lab, Taronga Ventures and 2150Ampd Energy has deployed +300 smart battery units – primarily in construction – in seven countries, abating over 69,000 tons of CO2, the equivalent of 88,000 carsIn 2025 expansion is planned into new markets (mining and manufacturing) and geographies (Europe, the Middle East, Southeast Asia and the USA)

SINGAPORE, Nov. 5, 2024 /PRNewswire/ — Ampd Energy, a global energy industry innovator and manufacturer of the Enertainer and Ampd Silo™ battery energy storage systems (ESS) for heavy industries, today announced that it has raised $27.3 million in an oversubscribed Series B funding. The round was co-led by Kibo Invest and Openspace, the largest investor in this round, with notable participation from existing investors MTR Lab, Taronga Ventures and 2150, confirming their support and belief in Ampd Energy by participating above pro-rata. The funds will be used to further expand decarbonization across new verticals and regions.

According to the IEA, the combined building and construction sector is responsible for 30% of total global final energy consumption and 27% of total emissions in the overall energy sector. Compared to fossil fuel generators, Ampd Energy’s Ampd Silo and Enertainer energy storage products reduce carbon footprints by up to 90%, are significantly quieter, emit zero air pollutants and eliminate diesel handling and usage risks.

Focusing on technical innovation and commercial viability, the company to date has deployed more than 300 units among seven countries, primarily in construction and abated over 69,000 tons of CO2, which is equivalent to removing over 88,000 cars from the road. The 2022 Earthshot Prize finalist plans to leverage this recent funding – secured in a challenging fundraising environment – to expand into new markets such as mining and manufacturing in 2025. Proceeds will also go toward targeting new geographies including the Middle East, Europe, United States and Southeast Asia, supported by their new partnership with Kibo Invest and Openspace.

“This new funding is a testament to the hard work of our team, our focus on being a commercially viable cleaner solution for businesses around the world, and the commitment from our investors in creating an emission-free future for industries,” said Anthony Stewart, CFO at Ampd Energy. ‘We’re looking ahead to accelerating our growth, entering new verticals and delivering even more innovative solutions to our customers globally.”

“We are particularly impressed by Ampd Energy’s visionary leadership and their sharp focus on executing a clear strategic roadmap,” said James Marshall, CEO of Kibo Invest. “Their commitment to excellence resonates with our own investment philosophy. We’re excited to support Ampd Energy’s expansion into new markets and industries, driving further growth and amplifying their positive impact on the global energy landscape. At Kibo Invest, we are dedicated to investing in forward-thinking companies that are shaping the future, and Ampd Energy is a prime example of that vision in action.”

Jessica Huang Pouleur, Partner at Openspace, agrees. “We’re pleased to back Ampd Energy, which has demonstrated impressive current traction to date and are, even now, just starting to realize the full potential of their energy storage solutions in Southeast Asia and globally. The backbone of the business is a committed and strong management team, who have shown time after time what it takes to build in a commercially viable yet impactful way. We’re looking forward to partnering with Ampd Energy to deliver the significantly reduced reliance on diesel that their innovations make possible.”

Ampd Energy’s Enertainer and Ampd Silo ESS provides clean, affordable, stable and emissions-free futures for industries all over the world, along with valuable data-driven insights, providing 24/7 real-time monitoring and problem diagnostics, thanks to their robust proprietary software.

For more information on Ampd Energy and its Enertainer and Ampd Silo ESS, go to https://www.ampd.energy.

About Ampd Energy
Ampd Energy is driving the global energy transition on construction sites and heavy industries through the creation of state-of-the-art energy storage systems (ESS), connectivity software and data science to electrify, connect and optimize the industrial and construction sectors. Brandon Ng co-founded Ampd Energy in 2014. The company enables smart, fully automated, emission-free and connected construction sites of the future with highly efficient and scalable energy management. For more information, go to https://www.ampd.energy.

About Kibo Invest
Kibo Invest is an investment office focused on driving innovation and sustainable returns. Through its climate tech fund, it invests in companies that are revolutionizing industries and addressing urgent climate challenges. Based in Singapore, and investing across continents, it leverages its global network to identify and support high-potential ventures. www.kiboinvest.com

About Openspace
Openspace is a Southeast Asia focused investment firm, backing transformative companies where tech meets life. It now manages over US$800 million across four early-stage and one growth fund, with offices in Indonesia, Singapore, Vietnam, Thailand, Philippines and Malaysia. It invests across sectors, but has a growing focus on climate-tech. Its portfolio includes GoTo, Kredivo, Love, Bonito, Igloo, Finnomena, Sarisuki and Fano. www.openspace.vc

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Get into your Aquarium ERA at Ripley’s Aquarium of Canada

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Themed Events, Photo Ops, and More During the Eras Tour in Toronto!

TORONTO, Nov. 5, 2024 /CNW/ – Are You Ready For It? Whether you’re in town for Taylor Swift’s Eras Tour or just looking to soak up the vibrant atmosphere, don’t leave a Blank Space in your schedule! Ripley’s Aquarium of Canada is thrilled to bring you special Taylor Swift-themed activities to celebrate the Eras tour landing in TAY-ronto!

Event Details
On November 14th/15th/16th and 21st/22nd/23rd, from 9:00 AM9:00 PM, visitors of all ages can dive into a world of Swiftie fun, where Taylor’s music meets the magic of the deep blue sea. Fans can expect exclusive themed activations, including:

Friendship Bracelet Bead Stations: Create and exchange your own bracelets from 11:00 AM5:00 PM.Eras-Themed Photo Ops: Show off your tour outfit at our Midnights inspired photo-op or snap a picture with our unique underwater friendship bracelet at Rainbow Reef.Mirrorball Lounge: Need a break? Stop by our 19+ lounge to relax before the big show at our magical Mirrorball Lounge.Create a TAY-masterpiece: Join us for Paint and Waves: The Taylor Era on November 15th and 22nd. Led by our expert instructor, this special edition of Paint and Waves will guide participants through creating Taylor-inspired artwork, all with a splash of underwater flair.

Underwater Wonderland Awaits
Immerse yourself in our Bejeweled galleries and stroll along the moving walkway in Dangerous Lagoon while sharks, sawfish, and turtles swim overhead. All this while listening to All Too Well (10-minute version of course!)—a perfect soundtrack to discover your own underwater Wonderland!

Exclusive Ticket Discount
Purchase your tickets in person and share your favourite Taylor Swift album with our team to receive 25% off your admission. (Discount valid November 14-24, for up to 6 tickets)

We’re Enchanted to SEA You!

For more information and to purchase tickets, visit www.ripleysaquariumofcanada.com 

SOURCE Ripley’s Aquarium Of Canada

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ewpartners Announces $50 Million Strategic Investment in Leshines to Localize Manufacturing in the Middle East

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Leshines is the supply chain solution provider of Lenovo Group, which ranks among the top ten on Gartner’s prestigious Top 25 supply chain list.The move reinforces ewpartners’ and Leshine’s commitment to fostering local industrial growth and empowering enterprises in Saudi Arabia.

RIYADH, Saudi Arabia, Nov. 5, 2024 /PRNewswire/ — ewpartners (formerly eWTP Arabia Capital), the first international investment firm to establish a Saudi-Asia cross border platform, has announced a USD $50 million investment in Leshines, the supply chain solutions arm of Chinese multinational tech company Lenovo at The Future Investment Initiative (FII), a premier global platform that drives transformative investments and fosters international partnerships for sustainable economic growth.

The investment accelerates the localization of Leshines capabilities in Saudi Arabia, further strengthening the Kingdom’s position as a vital player in sustainable global trade networks and supply chain operations.

Five months ago, Lenovo and PIF-backed company Alat announced a strategic collaboration, including a proposed US$2 billion investment. Today, this partnership is set to advance to the next step.

Leshines is also exploring the option of entering the KSA-Sino Logistics Special Economic Zone at King Salman International Airport in Riyadh, an initiative which was announced by the Saudi Ministry of Transport and Logistics earlier this month. Managed by ewpartners, the Zone will cover a total area of 4 square kilometres and consist of a logistics industrial park, an international commercial and business park, and corresponding living space and facilities. It will enable international companies to manufacture locally in Saudi and then springboard their distribution to other markets worldwide. It is expected to attract over 3,000 wholesalers and retailers and around 200 light industrial manufacturers from China and Asia.

Jerry Li, Founder and Managing Partner at ewpartners said the following on the announcement:

“This investment is a significant step towards building the future of Saudi Arabia that we all envision, and we are actively working to establish this goal. Our investment in Leshines underscores our commitment to this project and our determination to foster local industrial growth and the development of Saudi enterprises. By partnering with Leshines to bring advanced supply chain solutions to Saudi Arabia and the MENA markets, we further assist Chinese companies in exploring localized production and empower local enterprises, aligning with the Kingdom’s Vision 2030.”

Alan Zhou, COO of Leshines, commented on the announcement:

As Lenovo’s smart supply chain solution platform, Leshines will take this opportunity to establish roots in Saudi Arabia, focusing on the MENA region, and build the foundational strategic capabilities of an advanced digital supply chain. As a globally leading strategic fund, ewpartners’ strategic resources and unique advantages in KSA, the Middle East, and emerging markets perfectly match Leshines’ strategic vision and development roadmap. With solid support and a strong partnership with ewpartners, we are confident that Saudi Arabia will become an important node in the Smart Supply Chain Platform, contributing to the Kingdom’s Vision 2030.

The investment in Leshines marks the first transaction for ewpartners Fund II. Amid the growing synergy between China and the Middle East, ewpartners’ investment model has garnered recognition from key stakeholders in the region. Supported by Saudi Arabia’s sovereign wealth fund, ewpartners has also recently secured commitments from other GCC sovereign wealth funds, including USD 150 million from the Oman Investment Authority.

About ewpartners

ewpartners (formerly eWTP Arabia Capital) is an international investment firm specialising in cross-border investments between Asia and the MENA region. Backed by the Public Investment Fund (PIF), the firm has been active in Saudi Arabia since 2017 and was the first investment firm to launch a cross-border platform between the Kingdom and China.

Headquartered in Riyadh, ewpartners focuses on building value across borders by establishing strategic partnerships with exceptional companies. Our team’s expertise in shaping innovative conducive policy frameworks can support governments in fostering economic transformation and diversification driven by innovation and technology.

ewpartners is committed to investing in, supporting, and growing successful businesses across the Asia and MENA regions, with a focus on key industries and themes such as digital infrastructure & solutions, advanced manufacturing & energy transition, and logistics & consumer enablement.

About Leshines:

Lenovo Group is a global tech giant. For three consecutive years, Lenovo has ranked among the top ten on Gartner’s prestigious Top 25 supply chain list. As the strategic empowerment platform of Lenovo Global Supply Chain, Leshines is tasked with the important mission of driving supply chain transformation and upgrading through technological innovation. Drawing on Lenovo’s global industry strengths and management expertise, Leshines delivers digital international supply chain solutions tailored to the evolving needs of Chinese manufacturers expanding overseas.

About the KSA-Sino Logistics Special Economic Zone

The Special Economic Zone is a collaboration between ewpartners and the King Salman International Airport Development Company (KSIADC) and was announced on 13th of October 2024. The initiative is supported by the Ministry of Transport and Logistics and is one of several recently announced initiatives designed to strengthen supply chains and streamline trade, e-commerce and investment in line with the Kingdom’s Vision 2030. The project aims to create an integrated ecosystem that will encompass global enterprises, logistic facilities, supply chains, and high-end manufacturing, significantly bolstering Saudi Arabia’s regional and global distribution capabilities. International companies will establish manufacturing capabilities within the Zone and collaborate with Saudi enterprises to produce locally for distribution to markets around the world.

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Two Prime Lending Limited Surpasses $1 Billion in Loan Volume, Marking Milestone in Digital Asset Financing

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Two Prime Lending surpasses $1 billion in loan volume and broadens product line to include both unsecured BTC and secured altcoin lending options.

BRITISH VIRGIN ISLANDS, Nov. 5, 2024 /PRNewswire-PRWeb/ — Two Prime Lending Limited, a BVI-registered leading provider of debt financing for digital assets, has surpassed $1 billion in total loan volume just nine months after entering the market. With a primary focus on secured lending against major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), the company has recently expanded its offerings to include unsecured BTC and secured loans against top altcoins.

The achievement underscores Two Prime Lending’s commitment to client security, industry-leading rates, and a lending model that prioritizes transparency and client safeguards.

The achievement underscores Two Prime Lending’s commitment to client security, industry-leading rates, and a lending model that prioritizes transparency and client safeguards. In contrast to other failed industry models, Two Prime Lending does not trade or rehypothecate assets. Instead, collateral funds are securely held in bankruptcy-remote custody, providing clients with unmatched peace of mind. Lending, the company emphasizes, should be incredibly boring – a stance that has bolstered confidence among clients and stakeholders alike.

“It’s been amazing to see the demand in the market for lending return,” said Alexander Blume, company spokesperson. “We are just at the beginning of this lending renaissance, with trusted, transparent, and reliable companies leading the charge. From public miners, to crypto OGs, to asset managers, Two Prime Lending is thrilled to see so much traction. Looking at the future pipeline, this is only the start.”

The rapid growth of Two Prime Lending speaks to the resurgence of demand for secure, transparent lending in the digital asset market. Looking ahead, the company anticipates substantial future demand for its offerings. A primary challenge in the market remains sourcing high-quality capital at competitive rates, which the company continues to address through its extensive relationships across capital markets, with access to over $2.5 billion in available credit facilities.

In addition to its core lending services, Two Prime Lending sees strong interest in combining loans with capital-efficient derivatives trading, allowing clients to earn yield on their assets while their loans are active, often offsetting the cost of the loan.

ABOUT TWO PRIME LENDING

Two Prime Lending Limited, incorporated in the British Virgin Islands, is the premier debt financing provider for digital asset markets. The company’s extensive relationships in capital markets and access to over $2.5B in capital have made it the most trusted name for miners, asset managers, family offices, and retail lenders. With a team of seasoned professionals combining decades of financial industry experience with deep crypto market knowledge, Two Prime Lending delivers sophisticated and competitive lending solutions that enable growth and opportunity for its clients.

For more information, visit www.twoprimelending.com or contact info@twoprimelending.com.

Fast Facts:

$1 Billion in loan volume executed in 9 months$2.5 Billion+ in available credit facilities<10% Interest Rate for competitive and accessible lending$30 Million average loan size

Key Features:

Assets are never traded or rehypothecatedCollateral remains in segregated, secured custodyFunds held are bankruptcy-remote for client security

Media Contact

Christina Strauss, Two Prime Lending, 1 865 413 0389, cs@twoprimelending.com, https://www.twoprimelending.com/

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SOURCE Two Prime Lending

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