Startups

Spanish Drone Innovator Fuvex Secures €1.7M to Expand European Infrastructure Inspection Services

Fuvex, a Spanish drone developer specializing in long-range autonomous aerial systems, has reportedly secured €1.7 million in its first external funding round. The company aims to expand its infrastructure inspection services across Europe and Latin America while entering new verticals including gas pipelines and security applications.

Spanish Drone Developer Fuvex Raises €1.7 Million for European Expansion

Spanish drone startup Fuvex has reportedly secured €1.7 million in the initial phase of its Series A funding round, according to recent announcements. The Navarra-based company, which specializes in long-range autonomous aerial systems for infrastructure inspection, plans to use the capital to expand into new markets across Europe and Latin America while diversifying into additional industry verticals.

EnergyInfrastructure

ADB and World Bank Launch ASEAN Power Grid Financing Initiative to Boost Regional Energy Integration

The Asian Development Bank and World Bank have jointly launched a major financing initiative for the ASEAN Power Grid project. According to reports, the ADB will commit $10 billion to develop interconnected power infrastructure across Southeast Asia.

Major Financing Initiative for Regional Energy Integration

The Asian Development Bank and World Bank have launched the ASEAN Power Grid Financing Initiative to support the development and integration of national power systems across Southeast Asia, according to reports from Malaysian state news agency Bernama.