Tag: Maker
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Sodium-ion battery maker Natron Energy shuts down, halts $1.4B factory plans
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Sodium-ion battery manufacturer Natron Energy has ceased operations, according to its website, halting plans for a giant factory in Rocky Mount, North Carolina. The Santa Clara, California-based company did not immediately respond to requests for…
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Snickers maker Mars to invest $2B in US manufacturing through 2026
Food giant Mars plans to invest $2 billion by the end of 2026 to expand its U.S. manufacturing capabilities and boost product innovation. The M&M’s, Snickers and Ben’s Original maker said the investment will boost production in America, where 94% of Mars’ products sold are manufactured locally. Mars previously spent $6 billion during the past…
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Lutron Acquires Orluna, Maker of Architectural Lighting
Lutron Electronics Co., Inc., a global leader in lighting control, automated shading solutions, and intelligent fixtures, announces its acquisition of Orluna LED Technologies Limited, a premier United Kingdom-based manufacturer specializing in high-quality architectural lighting fixtures. The acquisition marks Lutron’s first outside North America.Founded in 2010, Orluna is known for its high-quality downlights, up lights, and…
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TestFit, the Maker of an AI-Powered Building Configurator, Gets $20 Million Funding
TestFit Inc., the maker of an interactive AI-powered real estate feasibility software, has announced $20 million in Series A financing led by Parkway Venture Capital, bringing the total company financing to $22 million. TestFit’s building configurator helps real estate developers, architects, urban planners, and more to solve site plans in seconds. Development deals for multifamily, commercial,…