Investible Fuels DeCarice's Green Engine Revolution in Australia
Key Ideas
- Investible backs DeCarice, an Australian startup aiming to revolutionize heavy-duty engines by replacing up to 90% of diesel with hydrogen, cutting emissions by 85%.
- The investment enables DeCarice to expand globally, offering a scalable solution for decarbonization in industries where electrification is challenging.
- Other news includes Komerce's merger in Indonesia, Australia's Industry Growth Program grants, Amilo's expansion in Thailand, and DCS Innov's acquisition to scale globally.
- DCS Innov's acquisition of HolyWally and iCool's angel investment in South Korea also mark significant advancements in innovative solutions and consumer experiences.
Investible, a venture capital firm, has provided financial backing to DeCarice, an Australian startup focusing on hydrogen injection technology for heavy-duty engines. This innovation allows for the replacement of up to 90% of diesel fuel, reducing carbon emissions by up to 85% without compromising power output. With Investible's support, DeCarice aims to globally commercialize its technology, offering a scalable solution for emission reduction in sectors facing challenges with electrification.
In other news, Komerce and RajaOngkir have merged in Indonesia to enhance shipping solutions. Australia's Industry Growth Program has kicked off with grants supporting diverse projects like next-gen batteries and agritech. Amilo's acquisition of Sivadon Logistics in Thailand strengthens its position in Southeast Asia.
DCS Innov's acquisition of HolyWally focuses on scaling its wallet-as-a-service solutions globally, while iCool secures funding for personalized consumer experiences in South Korea. Additionally, CorrectSequence Therapeutics in China has raised significant funds for its clinical-stage biotechnology projects, showcasing a wave of innovation and investment in the region.