EV battery manufacturer KORE Power moves forward with plans for Buckeye facility

KORE Power, Inc., a lithium-ion battery manufacturer based in Idaho, has officially chosen Yates Construction for its new KOREPlex facility to be built in Buckeye.  According to the announcement by KORE Power, Mississippi-based Yates Construction is an advanced manufacturing design-build company that has been building battery and special use manufacturing facilities for years.  KORE Power … Read more

Arizona named #2 for Best Business Climate of large cities and in top 10 of several other categories

July

There’s been a lot of bad news this week, both nationally and internationally. Let’s start the week on a positive note: Arizona has landed in the top ten in several categories on the Business Facilities 2021 state rankings report, including #2 for Best Business Climate of large cities. Business Facilities is a media brand that … Read more

Phoenix chipmaker changes name, focuses on sustainability

name

ON Semiconductor, one of Arizona’s largest public companies, now goes by a new name. onsemi (Nasdaq: ON) is the refreshed name of the semiconductor brand, which hopes to evolve and establish itself as the leading provider of intelligent power and sensing technologies.  The company is also focused on contributing to a sustainable ecosystem through innovative … Read more

Wireless charging startup Aira closes $12M seed round, mostly from local investors

Aira, a tech startup based in Chandler, has announced a $12 million Series Seed funding round that will help the company continue to pursue its mission to revolutionize wireless charging. The first investor for this round was Motherson Innovations Company Limited, the emerging technologies arm of the Motherson Group, a Tier 1 global automotive supplier … Read more

Three Scottsdale entrepreneurs named 2021 Entrepreneur of the Year

Top Workplaces

Three Scottsdale founders have been named by Ernst & Young (EY US) as winners of the Entrepreneur Of The Year 2021 Mountain Desert Region Award. Chris Ronzio, founder and CEO of Trainual, and Andrew Leto & Michael Leto, Emerge founder and CEO (respectively), were the only Arizona founders on the list of winners. The rest … Read more

Mesa a “natural choice” for US headquarters of Canadian-based Exro Technologies

Exro Technologies, a power technology firm based out of Calgary, Alberta, has announced it will establish its U.S. headquarters in Mesa — evidence of the company’s momentum and growth.  Canadian-based Exro is a leading clean technology company that has developed a new class of power electronics for electric motors and batteries. Its Coil Driver technology … Read more

Lucid Motors debuts on Wall Street after fluke with merger vote, plans to expand Arizona factory

Lucid Motors

It didn’t go according to the original plan, but Lucid Motors Inc. began trading as a public company on Monday, after shareholders approved a merger with a special-purpose acquisition company (SPAC) last week. Lucid and Churchill Capital Corp. IV, the SPAC, are officially merged and are now known as Lucid Group Inc. (NYSE: LCID). The … Read more

Fundraising platform Virtuous closes $18M Series B raise to support major growth and hire locally

Virtuous, a fundraising platform for nonprofits, has closed an $18 million Series B raise, which will be used to further support the company’s goal to hire locally and expand the team nationally.  The money will also help support the company’s fast growth trajectory and improve product offerings. The raise was led by Fulcrum Equity Partners, … Read more

Global IT consulting company TCS to invest $300M, adding jobs and expanding STEM education in Arizona

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions company headquartered in India, has announced plans to invest more than $300 million in Arizona by 2026 and hire more than 220 employees here by 2023. The company will also expand the reach of its STEM and Computer Science education programs in … Read more

UArizona-led team receives $3M grant to use your Apple Watch to change healthcare forever

A multi-institution team led by faculty of the University of Arizona School of Engineering has received a $3 million grant to dramatically transform the healthcare system as we know it.  The effort is led by Janet Roveda, UArizona electrical and computer engineering professor who has done research in a number of areas and is also … Read more