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Backed by Leading Industry Capital, OMOWAY Completes A and A+ Funding Rounds as OMO-X Begins Global Deliveries, Ushering in a New Era of Intelligent Two-Wheel Mobility

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SINGAPORE, July 2, 2026 /PRNewswire/ — OMOWAY has officially announced the completion of its consecutive Series A and Series A+ financing rounds. The Series A+ round was led by Lochpine Capital. The Series A round was led by Monolith, with CICC Capital and existing investor ZhenFund participating as follow-on investors. Both rounds raised tens of millions of U.S. dollars.

Lochpine Capital is the industrial investment fund established and backed by global industry leader CATL. Less than two years after its founding, OMOWAY has completed multiple financing rounds and obtained strong support from both top-tier financial investors, including Hongshan, ZhenFund, Monolith, and CICC Capital, and leading strategic investors such as Lochpine Capital, Rockets Capital (CVC fund of XPeng), and Hui Capital (industrial fund founded by a BYD co-founder). The company has rapidly emerged as one of the most closely watched players in the global intelligent mobility industry.

Global Deliveries Begin

For decades, the global motorcycle market has been dominated by Japanese gasoline-powered brands. Traditional motorcycles defined the 1.0 era of two-wheel mobility, while electrification drove the industry into the 2.0 era.

Yet the industry still faces a major challenge: premium smart motorcycles remain expensive, while mass-market products often lack meaningful technological innovation.

OMOWAY’s first flagship product, the OMO-X, was created to address this gap. Built around intelligent perception, smart interaction, and proactive safety technologies, OMO-X represents OMOWAY’s vision for the 3.0 era of smart two-wheel mobility.

In June, OMOWAY officially began the world’s first deliveries of OMO-X marking the start of its global delivery program. Indonesia became the first market to receive customer deliveries.

During its first month on the market, OMO-X became the No.1 electric motorcycle brand in Indonesia by order volume.

The OMO-X comes standard with intelligent features including a digital key, a large smart navigation display, and remote vehicle control. The Balance version further integrates low-speed balance assistance powered by OMOWAY’s proprietary self-balancing technology. Together, these innovations transform two-wheel mobility from basic transportation into a smarter, and more reliable riding experience.

As deliveries continue to expand globally, OMOWAY aims to reshape conventional perceptions of two-wheel transportation and accelerate the industry’s transition toward intelligent mobility.

Bringing Self-Balancing Technology into Mass Production

Motorcycles have always faced one fundamental challenge: they are inherently unstable and prone to tipping over, especially at low speeds.

To address this long-standing industry pain point, the OMOWAY team conducted hundreds of user studies and completed thousands of iterations of key components before successfully developing a self-balancing technology – a fully proprietary OMO-ROBOT universal architecture – and bringing it from prototype stage into mass production.

As a general-purpose tech platform, the OMO-Robot Architecture integrates perception, decision-making, execution, and information transmission into a complete closed-loop system.

Built upon this architecture, OMOWAY has also developed Mobility One, a 100% self-developed wheeled robot platform. A prototype is expected to be unveiled later this year, demonstrating the broader application potential of OMOWAY’s intelligent robotics technologies beyond motorcycles.

Born Global, Expanding into Thailand, Singapore, and Europe

As a global technology company, OMOWAY is accelerating global market expansion.

Indonesia serves as the company’s first launch market. Today, OMOWAY has established dozens of dealer locations across key regions, including Jakarta, Bandung, Surabaya, other major cities across Java, and Bali.

Following the commencement of global deliveries, OMOWAY will further expand into Thailand, Singapore and European markets in the future.

From the world’s first deliveries of OMO-X to the continued rollout across international markets, OMOWAY is advancing a new era of intelligent two-wheel mobility through continuous innovation. Starting with two-wheeled mobility, OMOWAY looks toward a broader horizon, from personal transportation and logistics to public services, driving intelligence and sustainability globally, and delivering innovative smart experiences to every life.

About OMOWAY

Founded in July 2024, OMOWAY is a global intelligent technology company specializing in wheeled robotics. Built on its proprietary full-stack OMO-ROBOT architecture, the company transforms traditional two-wheelers into “two-wheeled robots” equipped with perception and decision-making capabilities, enabling intelligent mobility across real-world scenarios.

Its flagship product, OMO-X, is positioned as the world’s first mass-produced self-balancing smart motorcycle powered by OMO-Robot Universal Architecture. Guided by a mission to deliver innovative smart experiences to every life, OMOWAY is committed to drive intelligence and sustainability globally.

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SOURCE OMOWAY

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2026 Canton Fair Design Award Winners Showcase China’s Innovation Strength

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October 19, 2026

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GUANGZHOU, China, Oct. 19, 2026 /PRNewswire/ — As the 140th Canton Fair opens, the winners of the 2026 Canton Fair Design Award (CF Award) have also been announced. Winning products are now on display in Area D of the Canton Fair Complex, offering visitors a closer look at some of the latest advances in Chinese manufacturing and industrial design.

Among this year’s top honorees, a domestically developed high-performance sport motorcycle and an intelligent navigation capsule robot gastric endoscopy system received the Best of the Best Award, the competition’s highest recognition.

The Canton Fair also enhanced the visitor experience with a themed showcase area within the award exhibition. Built around four application-oriented concepts, namely Outdoor Pleasure, Smart Living, Cozy Home and Kitchen Elegance, the immersive displays demonstrate how innovative designs can be integrated into everyday life, helping visitors better understand the practical value behind these award-winning products.

This year, 4,218 products from 2,112 companies competed for the award. Following multiple rounds of evaluation, 222 products from 174 companies were selected.

The award-winning products reflect several key trends shaping the next stage of Chinese manufacturing. Innovation remains a defining theme, with breakthrough technologies ranging from upper limb motor function assistance and enhancement system to exoskeleton robots, underscoring the growing momentum of high-end manufacturing.

Meanwhile, intelligent technologies continue to gain traction across industries. Smart products account for more than 30% of this year’s winners, with AI-powered glasses, intelligent conference terminals and smart healthcare devices extending AI applications across home, office, medical and outdoor environments.

Sustainability is also becoming increasingly embedded throughout the product lifecycle. Green products represent over 40% of the winning entries, while innovations such as integrated energy-saving panels and sugarcane paper demonstrate how environmentally conscious practices are being incorporated into product design, materials selection and manufacturing processes.

Established in 2013, the Canton Fair Design Award is widely regarded as a benchmark for design innovation in China’s foreign trade sector. The award recognizes products that combine design excellence with commercial value, promoting the transformation and upgrading of Chinese manufacturing and supporting high-quality trade development. Entries are evaluated across five dimensions: innovation, quality, functionality, aesthetics and sustainability.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

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SOURCE Canton Fair

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InstaMall Launches Same-Day Fashion Delivery Experience, Bringing 80+ Brands to Shoppers’ Doors in Miami

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October 19, 2026

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First-of-its-kind shopping app pairs artificial intelligence with same-day delivery, bringing luxury
and contemporary brands directly to customers’ doorsteps 

Featured luxury and contemporary brands include AllSaints, John Varvatos and Aritzia

MIAMI, Oct. 19, 2026 /PRNewswire/ — InstaMall, a first-of-its-kind shopping app offering same-day delivery and access to real-time inventory across luxury and contemporary fashion, launches today in Miami, Florida. Now available via iOS and Android, InstaMall provides access to more than 80 contemporary and luxury fashion brands across Miami’s five premier retail clusters, including Balmain, Louis Vuitton, Bottega Veneta, Ganni, Coach, Diesel, Reformation, Aritzia, Cult Gaia, Prada and more. InstaMall will add more brands within the app in the coming weeks and seasons. 

Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together through a more dynamic way to discover and shop for fashion. The experience combines access to luxury and contemporary brands with the convenience of same-day delivery, bringing the speed customers have come to expect across categories like food and groceries to fashion while maintaining the brand experience retailers and shoppers expect.

Within the app, customers will have access to InstaMall’s AI-powered stylist and virtual try-on features, making it easier to browse, discover and shop styles online. InstaMall’s AI Stylist serves as an intelligent shopping assistant that responds to customers’ preferences in real time. Customers can use the AI Stylist to receive product recommendations, build outfits, ask questions and discover new styles, while its virtual try-on feature allows them to visualize select items on themselves before making a purchase.

“InstaMall was founded on the belief that the convenience customers have come to expect from same-day delivery should extend to the way they shop for fashion,” said Elliot Aboud, Founder and CEO of InstaMall. “As fashion and technology continue to evolve together, we saw an opportunity to create a more seamless shopping experience that brings customers closer to the brands they love, combining a curated assortment, AI-powered styling and virtual try-on with the ease and convenience of same-day delivery.”

Prior to founding InstaMall, Elliot Aboud helped build the Aroma360 and Hotel Collection brands, overseeing the launch of the first retail store and expanding the retail footprint to more than 30 stores across the United States and two in Dubai. InstaMall is bringing fashion and luxury to the next generation with its seamless shopping experience and wide selection of brands.

Customers can download InstaMall through the Apple App Store or Google Play, or by going to instamall.co.

About InstaMall 

InstaMall is a same-day fashion shopping and discovery app reimagining how consumers shop for luxury and contemporary brands. Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together in an experience that gives consumers a more dynamic way to discover and shop. Where on-demand delivery has long existed for categories like food and groceries, InstaMall brings that same convenience to luxury fashion for the first time, delivering the same day without compromising the brand experience fashion retailers and their customers expect. The company launched publicly in Miami on October 16, 2026, and plans to expand nationally. For more information, please visit instamall.co.

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SOURCE InstaMall

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PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026

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35 minutes ago

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October 19, 2026

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BOSTON, Oct. 19, 2026 /PRNewswire/ — PTC (NASDAQ: PTC) will release its fiscal 2026 fourth quarter and full year results on Wednesday, November 4th after the stock market closes. As previously announced on October 5th, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric. In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.

The earnings press release and accompanying financial data tables will be accessible on the Investor Relations section of the company’s website at PTC Investor Relations.

About

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Investors

Michael Maguire
mmaguire@ptc.com
investor@ptc.com

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SOURCE PTC Inc.

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