Select your language: EN JP

Lux Take on News: Weekly Round-Up October 16, 2020

Lux Research
October 16, 2020

Every day our researchers go through the top tech innovation headlines and provide their analysis on important updates, trends, and developments across all industries. Our analysts evaluate news based on potential importance ranking the developments from Truly Disruptive to Ignore.

On Fridays we highlight our Lux Take on the news for the week. Check out our thoughts on the latest emerging technology and innovation news for this past week below.

Livekindly Collective raises additional $135 million for its plant-based platform

10085-thumb-squareThomas Hayes, Analyst
Lux Take: Very Important


"Blue Horizon Corporation led the round, which brings the company's total funding to $335 million after entering with a $200 million founders' round in March 2020. This latest financing will go toward launching portfolio brands The Fry Family Food Co., LikeMeat, and Oumph!, currently available in parts of Europe, Africa, and Australia, in the U.S., as well as development of new plant-based chicken and egg products. Companies, COVID-19 has given plant-based proteins a boost, especially in the near term. With competitive tension growing, it is imperative to make informed decisions that arrive at a solution with a unique value proposition for your organization and for consumers."
 

Plenty establishes West Coast strategy with its $140 million Series D

13463-thumb-squareLaura Krishfield, Research Associate | @LKrishfield Ico twitter
Lux Take: Very Important


"The round was led by SoftBank Vision Fund 1 and joined by Driscoll's, a major California-based berry producer, which has a joint development agreement with Plenty to grow strawberries in Plenty's vertical indoor farm. Plenty will apply the funds toward its collaboration with Driscoll's, its new vertical farm in Compton, and its retail deal with Albertsons to provide 430 Albertsons stores across California with leafy greens. As seen in AppHarvest's reverse IPO, indoor farming systems that demonstrate high productivity attract large investments for expansion. Plenty's platform will find purchase on the West Coast for higher-value greens markets, but overcoming the lower costs of berries produced in the region will prove difficult."

Land O'Lakes subsidiary Truterra launches pilot program with Nori to monetize carbon sequestration

12744-thumb-squareJoshua Haslun, Ph.D., Senior Analyst | @JHaslun  Ico twitter
Lux Take: Very Important

"The pilot is the second such program for Nori, but the potential scale of soil carbon sequestration (SCC) accessed through Truterra, the growers of Land O'Lakes, and other food value chain partners is a significant leap in scale from that realized by its Locus AG pilot. With other programs like Indigo's establishing first commitments to purchase soil carbon credits (e.g., IBM, New Belgium Brewing, JPMorgan, and Barclays), the question of whether SCC will impact the industry is moot. The questions that now emerge are how and at what scale SCC will impact industries. Companies, entry into SCC will take partnerships and significant development, but consider enabling success with SCC as an opportunity."

Lux Research - Newsletter Research


VHO selects location for Hyperloop Certification Center

10178-thumb-squareChristopher Robinson, Senior Analyst | @CRobinsonLux Ico twitter
Lux Take: Average Importance


"West Virginia was selected as the location for the $500 million 6-mile test track, which was likely selected in part due to its proximity to proposed projects in the Midwestern and Eastern U.S. Political advantages also likely played a role here, as the press release included quotes from the governor and both senators, and the region looks to diversity its energy economy, which has relied heavily on coal mining. Those interested should view this as a positive development for Hyperloop, as high-speed full-scale testing is a necessary step toward building passenger-carrying systems, but recognize that the announcement alone doesn't represent any specific technical advancements, which Lux believes are the biggest barriers."

Redaptive raises $156.5 million to finance expansion of its energy efficiency-as-a-service solutions for commercial buildings

10028-thumb-square

Jessica Hernandez, Analyst
Lux Take: Average Importance

"CarVal Investors led the funding round, and existing investors, including CBRE, Engie New Ventures, Evergy Ventures, and Linse Capital, also participated. Redaptive has raised over $181 million to date, and with this newly raised cash, the company intends to deploy over $1 billion in new energy efficiency projects. Today, the company offers energy efficiency retrofits for commercial buildings and claims it has enabled over $380 million in sustainability projects, which translate to 1.1 billion kWh. Redaptive currently removes the cost of ownership of building lighting and HVAC systems – a compelling business model that is likely to become more attractive if the company expands to cover other systems like EV chargers and stationary storage."

GM and Hyundai Mobis invest $50 million in head-up display startup Envisics

Lewie Roberts Lux Research

Lewie Roberts, Senior Research Associate | @roberts_lewie Ico twitter
Lux Take: Average Importance


"
Envisics develops holography-based head-up displays (HUDs) for automotive OEMs and Tier-1s. The two auto groups have plans for using Envisics tech in future models, with Hyundai Mobis planning for joint development and production by 2025 and GM discussing the tech for use in future EVs with automated features. Hyundai actually previously invested into a competing technology from WayRay, and clients should note the similar investments across the automotive industry; VW has invested in SeeReal, Continental invested in waveguide provider DigiLens (for AR HUDs) and Leia (3D displays), while Porsche also placed bets bets on WayRay. Those interested should monitor Envisics for more info about its technology, of which there are few details.

The Chemical and Materials Company of 2040


A new spring in your step: Carbon fiber basketball shoes from Anta Sports and Covestro

Gee, Cecilia

Cecilia Gee, Analyst
Lux Take: Average Importance


"Covestro first highlighted its Maezio thermoplastic carbon fiber composite (CFRTP) to Lux in 2018, when it had already produced midsole demonstrators for footwear. Although thermoplastics will grow slower than thermosets, demand will still reach $3 billion by 2030, and the launch of the KT6 shoe is an example of thermoplastic composites capturing steady market share. Of particular note is that this article claims Maezio can offer cost reductions at scale due to efficient thermoforming and low cycle times – these claims are worth monitoring to see what economies of scale come into play and, more importantly, could have potential to be translated to other markets. Companies can expect Covestro to keep targeting consumer products with Maezio."

Materialise invests in and partners with Ditto for boosting 3D-printed personalized glasses frames

2908-thumb-squareJerrold Wang, Analyst | @jerroldwang Ico twitter
Lux Take: Average Importance

"Ditto uses AI to conduct facial analysis, make glasses frame recommendations, and provide virtual try-ons. Though this is not the first time 3D printing has converged with personal glasses, this strategic partnership is still worth your attention. First, different from previous collaborations like Materialise with Hoya and Morel with Initial, this one offers combined features of ease (face scan via web site without requiring devices), personalization based on the face scan and individual preferences, and AR simulation. Second, this partnership allows Materialise to directly get access to consumer data through Ditto, so it may disrupt the value chain of the eyewear market for mass consumers in the long term."

MOBI launches blockchain-based standard for V2G integration

10028-thumb-square

Jessica Hernandez, Analyst
Lux Take: Average Importance

"The Electric Vehicle Grid Integration (EVGI) Working Group, part of the Mobility Open Blockchain Initiative (MOBI), led by Honda and General Motors (GM), released its "first technical design specification, which covers the system designs and data schemas required for three core use case areas: Vehicle to Grid Integration (V2G), Tokenized Carbon Credits (TCC), and Peer to Peer (P2P) applications." Applications enabled by this common standard have the potential to benefit various stakeholders, including electric utilities, charging infrastructure operators, and EV drivers; companies are advised to monitor the EVGI group's activities to trial the new standard in different scenarios."

 

 
 

FURTHER READING:

- Free Access to our COVID-19 Resources

- Blog: Lux Take on News: Weekly Round-Up October 9, 2020

- Blog: Loop Industries Is No Nikola – But New Report Does Raise Concerns About Buzzy Chemical Recycling Player

- Blog: Shell's Response to COVID-19 Losses Shows How the Crisis Accelerates the Energy Transition

- Press Release: Lux Research Forecasts That The Carbon Fiber Reinforced Plastics Market Will Grow to $64 Billion by 2030

More Lux News    Schedule Your Demo

Innovating Under Uncertainty: Introducing Agile into the Stage-Gate Process Whitepaper

Innovating Under Uncertainty: Introducing Agile into the Stage-Gate Process Whitepaper

Read Now
Improving the Front-End of Innovation Whitepaper

Improving the Front-End of Innovation Whitepaper

Read Now
Press Release: Lux Research Ranks the Critical Technologies for Surviving COVID-19

Press Release: Lux Research Ranks the Critical Technologies for Surviving COVID-19

Read Now