BERLIN, Sept. 10, 2024 /PRNewswire/ -- The world's largest consumer and electronics show, IFA 2024, kicked off in Berlin on September 6th. As a pioneering brand in the electric bike sector, Muon unveiled its latest innovations at this show, including a new series of e-bikes, an in-house developed high-performance motor, and smart helmets.
"We are thrilled to showcase our latest advancements to the global audience at the 100th anniversary of IFA," The Muon team stated. "These innovations not only align perfectly with this year's theme, 'Innovation for All,' but also convey our positive vision for the future ride."
Cutting-Edge E-Bike Series
It's worth noting that these models already garnered significant attention at the Eurobike show in July and were featured as the 83rd highlight in the IFA 100 Moments.
Smart Technologies
In addition to e-bikes, Muon has unveiled its self-developed motor and smart helmet for the first time.
Moun motor stands out with an industry-leading maximum torque of 110 Nm. It supports a smart system that includes intelligent riding modes, walk assistance, and hill start assist, making every ride smooth and effortless. In addition, the motor supports OTA updates to continuously improve the riding experience.
Their smart helmet merges safety and comfort through features like 360° visibility, fall detection with SOS alerts, real-time GPS tracking, a lightweight design (just 350 g), enhanced ventilation, and smart power management.
For more information about the Muon team and their innovative products, please visit https://www.muon.bike/. Follow them on Facebook for the latest updates and more details about this grand event.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Muon Showcases Next-Gen E-Bikes and Smart Technologies at IFA 2024, Leading the Future of Green Mobility
Muon Showcases Next-Gen E-Bikes and Smart Technologies at IFA 2024, Leading the Future of Green Mobility
Muon Showcases Next-Gen E-Bikes and Smart Technologies at IFA 2024, Leading the Future of Green Mobility
Muon Showcases Next-Gen E-Bikes and Smart Technologies at IFA 2024, Leading the Future of Green Mobility
Sceye Valued at $525 Million and Poised for 2025 Commercial Launch
PARIS, Sept. 17, 2024 /PRNewswire/ -- At World Space Business Week (WSBW) today, Sceye, a leading U.S. aerospace company specializing in High-Altitude Platform Systems (HAPS), announced the successful closing of its Series C funding round. The round was led by Mawarid Holding Company ("Mawarid"), a prominent Saudi corporation with an established presence in information and communication technology, satellite, and digital solutions.
Sceye strengthened its balance sheet by closing the Series C funding round, which values the Company at a pre-money valuation of $525 million. This provides sufficient liquidity to fund R&D activities, flight programs and launch the initial commercial operations in 2025.
This strategic alliance continues Sceye's successful partnership strategy, following América Móvil's involvement as the largest investor in their Series B round with a focus on Latin America.
"The Series C round is a critical milestone for Sceye. These funds will accelerate our platform development and commercial roadmap, paving the way for the commercialization of our HAPS technology in 2025. Our partnership with Mawarid opens new territories and market opportunities for our innovative solutions," said Mikkel Vestergaard Frandsen, CEO and Founder of Sceye.
Ghassan Itani, Assistant Chairman of Mawarid, added, "This partnership reinforces Mawarid's commitment to pioneering technology advancements and delivering digital solutions that serve critical industry sectors. By incorporating HAPS technology, we enhance our position as a comprehensive provider of strategic industry solutions."
This Series C investment announcement follows the success of Sceye's 2024 flight program, where the company achieved a significant milestone by demonstrating perpetual flight capabilities while staying over an area of operation. The test flight proved that Sceye's HAPS can operate continuously, with solar energy powering the system during daylight hours and battery storage ensuring overnight flight.
This achievement signifies the advent of a new infrastructure layer between terrestrial and space systems. It highlights the transformative potential of HAPS technology in expanding connectivity access, managing disaster response, monitoring environmental changes, and detecting climate-related disasters in real time.
About Sceye
Founded in 2014, Sceye is an aerospace company dedicated to advancing stratospheric technology to connect people and protect the planet. Sceye leads the High-Altitude Platform Systems (HAPS) industry, focusing on universal connectivity, climate monitoring, natural resource management, and disaster prevention.
About Mawarid:
Established in 1968, Mawarid Holding Company (MHC) is a leading Saudi corporation with a diverse portfolio spanning, but not limited to, ICT, satellite, and digital solutions. MHC has been a player in the global communications landscape, including its role as a founder and shareholder in Iridium Communications Inc. (Nasdaq: IRDM) since the early 1990s and its operations in various ICT and media sectors across the Middle East (e.g., Salam, TLS, ATSS, "Noorsat: Geo-operator").
Media Contact:
Jasmine Wallsmith
jw@sceye.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Sceye Secures Funds in Series C Round Led by Mawarid Holding Company
