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Auptimate Unveils Comet: A Low-Cost SPV Revolutionising Small Syndicate Investments

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Comet by Auptimate aims to democratise investment opportunities for syndicates handling deals under $100K.

SINGAPORE, Sept. 2, 2024 /PRNewswire/ — In a groundbreaking move to make angel investing and syndicate formation more accessible, Auptimate has announced the launch of Comet, a low-cost Special Purpose Vehicle (SPV) designed specifically for angel syndicates across Asia Pacific, Europe and North America with global investor networks and deals. Comet promises to revolutionise the investment landscape by eliminating high fees and simplifying the fundraising process, making it easier than ever to participate in lucrative investment opportunities.

The Story Behind Comet

Navigating the investment universe has often felt like traversing through space—complex, costly, and reserved for the few. Just as advancements in space travel have made reaching the stars more accessible, Comet by Auptimate aims to democratise investment opportunities for syndicates handling deals under $100K. Inspired by the celestial comets that light up our skies, Comet combines diverse elements of investors, startups, and opportunities into a powerful investment vehicle.

Purpose of Comet

Auptimate recognises that the investment landscape can be daunting, especially for first-time syndicates. High fees and fundraising difficulties often stand in the way of promising opportunities. Comet is designed to address these challenges. With no setup fee and only a one-time fee of $2,000, Comet offers an affordable yet comprehensive solution that lets investments shine. The mission is to make venture capital more accessible and efficient, much like a comet’s journey—fast and far-reaching.

More than just a product

Comet by Auptimate isn’t just a product; it’s an invitation to join a community of competitive investors who demand efficiency and innovation. The platform is intuitive and user-friendly, designed to make the investment process straightforward. Whether one is an angel investor, a startup enthusiast, or a first-time syndicate, Comet empowers users to navigate the venture ecosystem with confidence.

Key Features

No Setup Fee: Eliminate upfront costs and focus capital where it matters.Deal Fee of $2,000: Transparent and low-cost pricing.Quick Setup: Have an SPV ready in as fast as one week or even one day.Comprehensive Solutions: Includes legal documents, banking solutions, and five years of administration.User-Centric Platform: Intuitive and designed for ease of use.Global Reach: Available to investors worldwide, ensuring accessibility and inclusivity.

The Backstory: How Comet Was Designed

Auptimate’s product team is dedicated to understanding and addressing first-time syndicates’ unique challenges. Over the past year, the team has listened to these syndicates’ needs and identified their challenges—high fees and the complex process of raising funds. With insights from investors and industry experts, the team crafted Comet to eliminate these barriers.

The user-centric design allows SPVs to be set up in as little as one day, making it one of the fastest and most efficient solutions on the market. Built for competitive investors and designed by a stellar team, Comet is set to transform the investment journey, providing a seamless, innovative experience from start to finish.

“At Auptimate, we believe in empowering investors with tools that are as dynamic and fast-paced as the market itself. Comet is our answer to making investment opportunities accessible and efficient for everyone,” said Brandon Doffing, Co-Founder and Chief Product Officer of Auptimate.

Making Investment Journeys as Smooth and Swift as Possible

Comet by Auptimate is more than just a low-cost SPV; it is a revolutionary tool designed to make the investment journey as smooth and swift as possible. By eliminating high fees and simplifying the fundraising process, Comet ensures that even those new to syndicates can tap into investment opportunities with ease and confidence. Launching a Comet SPV now allows investments to shine brightly in the competitive market.

About Auptimate

Auptimate is a Singapore-headquartered technology platform that handles incorporation, legal documents, investor onboarding, administration, accounting, tax, compliance, investor communications, and other back-office functions for SPVs. Auptimate gives investors the peace of mind to focus on what they do best: invest. The mission is to constantly innovate to solve challenges faced by founders and investors, leveraging the power of technology to create a unique user experience. For more information, visit www.auptimate.com.

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SOURCE Auptimate

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SINEXCEL and FastCharge.me Forge Partnership for EV Charging Solutions

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ANAHEIM, Calif., Sept. 14, 2024 /PRNewswire/ — SINEXCEL, a well-established global supplier of energy storage and EV charging solutions, has signed a strategic partnership with FastCharge.me Inc. (“FCME”) at RE+ 2024. This collaboration aims to expand the deployment of innovative EV charging solutions to the growing EV market in America.

Under the agreement, SINEXCEL will supply a range of EV charging products and solutions to FCME upon request, enhancing FCME’s charging infrastructure and expanding its network across America.

“We chose to partner with SINEXCEL for their EV charging solutions because of their strong, nearly 20-year, foundation in power electronics and their deep expertise in the EV charging and Energy Storage sectors,” said Moshe Becker, CEO and Co-Founder of FCME. “We have full confidence in their robust and enduring technologies, capabilities and capacities in the global EV charging market. We are excited about the high performance and reliability of charging experiences these charging solutions will offer to our customers, and we look forward to introducing more innovative solutions through this collaboration.”

Derek Leng, General Manager of SINEXCEL North America, added, “We are thrilled to partner with FCME and all the related parties. FCME has a very in-depth market understanding and insights, strong technical capabilities and visionary foresight. This collaboration aligns perfectly with our goals and visions of bringing exceptional EV charging solutions and customer experiences to the North American EV charging market.”

This partnership marks a significant step forward in the mission to advance EV infrastructure, ensuring that SINEXCEL and FCME are at the forefront of delivering superior charging solutions that meet the evolving needs of American customers and end-users.

Since 2007, SINEXCEL has been dedicated to power electronics, Energy Storage and EV charging solutions. Expanding its reach to over 60 countries, SINEXCEL invests over 10% of its revenue into R&D, driving innovation and the development of reliable, high-quality products and solutions. As a trusted partner of global EV charging market leaders like Shell and BP, SINEXCEL is set to make a significant impact in the U.S. market through its collaboration with FCME and other business partners, paving the way for a more sustainable and greener future.

Contact:
FastCharge.me
Stephanie McGreevy, COO
stephanie@fastcharge.me

SINEXCEL 
Melody Yu, Marketing Manager
hongxia_yu@sinexcel.com 

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SOURCE SINEXCEL

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2024 China-MENA Intelligent Transportation Development and Cooperation Conference (Dubai) Will Be Held Soon

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DUBAI, UAE, Sept. 14, 2024 /PRNewswire/ — The year 2024 marks the 40th anniversary of the establishment of diplomatic relations between China and Arab states. It is an important node for China-Arab relations to continue with the past and open up the future. In order to continuously strengthen the alignment of the development strategies of the transportation industry between China and the MENA region, and promote innovative cooperation in science, technology, finance and industries in the field of intelligent transportation, China Intelligent Transportation Association (ITS China), as the only national level social organization representing Chinas intelligent transportation industry and facing the world, will organize and hold the 2024 China-MENA Intelligent Transportation Development and Cooperation Conference (hereinafter referred to as the “Conference”) in Dubai on 18th September 2024.

With the theme of “Sharing and Matchmaking”, the Conference will set up sessions such as keynote speeches, cooperation and exchanges, matchmaking negotiations and technical product display around the three major building blocks including urban intelligent transportation construction, intelligent networked new energy vehicles, smart logistics and public travel, so as to provide participants with market development consultation and resource matchmaking services and the opportunities for in-depth exchanges and matchmaking with relevant institutions in the MENA region, and promote practical project cooperation and implementation.

The Conference has received strong support from relevant departments of China, United Arab Emirates, Oman, Saudi Arabia, Iran and other countries. More than 1,000 representatives from enterprises and institutions such as Shenzhen Urban Transport Planning Center Co., Ltd. ( SUTPC) , Sunland Technology Co. Ltd., CATARC, Zhong’anlianke Technology and Beijing ICE TECH will be invited to actively participate in the Conference.

As the only nationwide non-profit social organization specializing in intelligent transportation in China, ITS China is committed to establishing communication channels in the field of intelligent transportation at home and abroad, and promoting the exchange of technologies and industries in the field of intelligent transportation. The 2024 China-MENA Intelligent Transportation Development and Cooperation Conference will certainly build a professional platform for dialogue and cooperation among relevant institutions in the transportation industry of China and MENA. The Conference will become an annual grand event for precise matchmaking of scientific and technological innovation needs and sharing of successful experiences. We will share the scientific and technological innovation achievements of intelligent transportation with relevant institutions of the countries along Belt and Road Initiative (BRI) routes to jointly promote the rapid development of intelligent transportation and create a better future for transportation!

View original content:https://www.prnewswire.co.uk/news-releases/2024-china-mena-intelligent-transportation-development-and-cooperation-conference-dubai-will-be-held-soon-302248350.html

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Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

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RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.

Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).

The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.

The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.

To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.

SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.

The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.

Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.

The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.

The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:

“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”

He added:

“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.” 

The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.

Media@GlobalAISummit.org

Photo – https://mma.prnewswire.com/media/2505796/SDAIA.jpg

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SOURCE The Saudi Data & Artificial Intelligence Authority (SDAIA)

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