Electric motor startup Kite Magnetics, which won a Top 10 Gold Award at this title’s Australia’s 50 Most Innovative Manufacturers awards last week, has received a $US $2.2 million (approximately $3.6 million) seed investment from SQM Lithium Ventures. According to a joint statement from the two companies on Monday, the investment is part of Kite’s…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Applications open for CRC-P grants worth up to $3 million each Nominations opened on Thursday for Round 17 of Cooperative Research Centres Projects (CRC-P) grants, which offer between $100,000 and $3 million in matched funding for short-term (up to three-year) collaborative…
Electric motor startup Kite Magnetics will open a new factory in Melbourne’s southeast, the state government has said. According to a statement from the Victorian government on Friday, the upcoming factory is expected to create “more than 140 highly skilled jobs and up to 550 indirect jobs” and increase production of Kite Magnetics’ Aeroperm to…