NEW CASTLE, Del., Nov. 4, 2025 — IgniteData, a leader in intelligent clinical trial data automation, today announced the final close of its oversubscribed Series A funding round. This close brings the total capital raised in the round to $11M, fueling IgniteData’s expansion of its global research site network, advancement of its flagship product, Archer, and acceleration of innovation in generative AI–powered data automation.

IgniteData’s Archer platform enables the seamless transfer of clinical trial data from source systems, such as electronic health records (EHRs), to electronic data capture (EDC) systems and data warehouses, thereby reducing site burden and accelerating trial timelines. With this investment, IgniteData will continue to scale globally and build on its work with large language models and intelligent data mapping to unlock previously inaccessible clinical data, improve trial speed and data quality, and transform sponsor–site collaboration.

The round was led by FCA Venture Partners, with the Labcorp Venture Fund and Epsilon anchoring the final close as the primary investors. Strong participation also came from existing investors, including SpringTide and Oncology Ventures, alongside a group of distinguished new investors bringing unparalleled industry experience.

IgniteData is proud to welcome Thomas Tarnowski and Marc Vangerven, both seasoned investors with deep expertise in scaling high-growth healthcare and technology companies, as well as Andy Cooper, CEO of CluePoints and a recognized leader in biopharma technology. Their decision to participate personally in this round reflects a powerful vote of confidence in IgniteData’s mission and momentum.

“This round is about scale,” said Zach Taft, CEO of IgniteData. “The demand for smarter, faster clinical trials is exploding. With Labcorp and Epsilon joining as primary investors in our Series A, and with the addition of Thomas, Marc, and Andy to our team, we gain not just capital but also invaluable expertise and endorsement from leaders who have shaped this industry. Their confidence underscores the transformative potential of our platform — particularly as we continue to harness generative AI and intelligent data mapping to fundamentally change how clinical data flows between sites and sponsors.”

Quotes from New Investors

“At Labcorp, we see tremendous value in innovations that reduce site burden and enable more efficient, higher-quality clinical trials,” said Megann Vaughn Watters, Vice President of New Ventures and Strategic Alliances for Labcorp. “We’re thrilled to support IgniteData on their journey to transform the way hospitals, research sites and sponsors transfer patient data for clinical research and trials.”

“Epsilon is committed to advancing healthcare through cutting-edge technology and data-driven solutions. IgniteData’s approach to intelligent data automation is transformative for clinical trials, and we are excited to support their continued growth and global expansion,” said Gregory Epstein, Managing Partner.

Backing From Existing Investors

Returning investors reaffirmed their confidence by increasing their positions.

“We backed IgniteData early because we believed in their vision to revolutionize clinical trials through intelligent automation. Today, we’re doubling down because they’ve exceeded expectations,” said Ryan Morley, Partner at SpringTide.

About IgniteData

IgniteData is on a mission to revolutionize clinical trials through intelligent automation. By enabling real-time, secure transfer of clinical data between healthcare providers and life science companies, IgniteData accelerates research while reducing burden on clinical sites. With deployments across premier research centers, partnerships with top pharmaceutical sponsors, and cutting-edge use of generative AI and intelligent data mapping, IgniteData is redefining what’s possible in clinical trial operations.

SOURCE IgniteData

With support from Album VC and SignalFire, Ruli’s AI-native platform introduces continuous legal intelligence—an always-on system built to transform how corporate legal teams operate.

SAN FRANCISCO, Nov. 4, 2025 — Ruli.ai, a next-generation legal intelligence platform built by experienced lawyers and expert technologists from Google and Meta, today announced $6 million in seed funding, bringing its total funding to $8 million in just over a year. The round was led by Album VC, with participation from SignalFire, PJC, Foothill Ventures, Mana, and Genius Ventures.

“SignalFire exists to back category leaders before the category exists. Our data platform flagged an inflection in how AI is transforming legal operations by embedding intelligence directly into the enterprise stack,” says Wayne Hu, Partner, SignalFire. “Ruli executes this vision with a rare combination of technical depth and domain credibility. Their continuous legal intelligence model represents exactly the kind of defensible, data-centric company we built our $1B+ platform to find and scale.”

Pioneering a new era of continuous legal intelligence, Ruli has built an AI infrastructure that understands a company’s unique business, operational context, and evolving regulatory landscape. Unlike one-size-fits-all contract tools or AI chatbots, Ruli’s system continuously learns from both internal company data and global legal updates to deliver proactive, personalized guidance in real time, all while ensuring customer data is secure and confidential.

With this funding the company also announces the addition of Michele Lee, former General Counsel of Pinterest and current GC in Residence at Wilson Sonsini, to its Board of Advisors, bringing extensive experience bridging technology, law, and corporate governance, reinforcing Ruli’s mission to modernize in-house legal operations with AI-native intelligence.

“Our vision is to make legal expertise as dynamic and responsive as the businesses it serves,” said Bryan Lee, CEO and Co-founder of Ruli.ai. “We have built a system that goes beyond automation and becomes a digital legal brain of your company. This isn’t about replacing lawyers; it’s about creating resources and providing intelligence that works continuously, contextually, and collaboratively for better results.”

Designed for in-house legal teams, Ruli’s platform enhances the ability of an in-house lawyer or legal ops manager to work better and faster, assisting the legal team with helping to address the core issues that are important to the business.  Ruli reduces dependency on external counsel and costly manual processes by integrating directly into existing workflows, such as Microsoft Word and internal document systems. The technology allows corporate legal departments to stay ahead of regulatory changes, streamline contract review and management, and scale compliance operations without additional headcount or outside counsel expense.

The funding will accelerate team expansion, product development, and market adoption of Ruli’s legal intelligence suite, including its real-time AI assistant, contract redlining tool and upcoming intelligent archive.

Ruli’s seasoned leadership team comes from Google, Meta and prestigious law firms and in-house legal teams that draw from deep experience in both legal practice and advanced technology, blending AI innovation with firsthand knowledge of the inefficiencies facing modern legal departments.

Visit www.ruli.ai/demo to see how Ruli is redefining the legal workspace.

About Ruli.ai

Ruli.ai is an AI-native legal intelligence platform that empowers in-house legal teams to operate with always-on, context-aware insight. Built by experienced lawyers and expert technologists from Google and Meta, Ruli transforms static legal processes into dynamic systems that continuously learn from a company’s data, operations, and regulatory environment. The result: faster, smarter, and more strategic legal operations for the modern enterprise. Learn more at www.ruli.ai

Media Contact:

Ronjini Joshua
Silver Telegram for Ruli.ai
[email protected]
(949) 295-9779
www.ruli.ai

SOURCE Ruli.ai

WASHINGTON, Nov. 4, 2025 — Parent Project Muscular Dystrophy (PPMD), the largest U.S. non-profit leading Duchenne and Becker muscular dystrophy care, research, and advocacy efforts, and MyoGene Bio (MyoGene) are excited to announce that PPMD has provided $400,000 in funding to MyoGene through PPMD Venture Pathways, the organization’s venture-philanthropy initiative that provides industry funding to accelerate therapeutic development for Duchenne and Becker. This funding commitment aims to advance the development of MyoGene’s gene editing strategy and potentially leverage additional funding from other awards to support studies that pave the way to the clinic.

Duchenne , the most common genetic disorder diagnosed in childhood that affects approximately one in 5,000 live male births, is caused by a change in the DMD gene that codes for the dystrophin protein. Gene editing is a strategy to make permanent alterations to an individual’s DNA to restore function of the gene.

MyoGene’s strategy, known as MyoDys^45-55, utilizes gene editing technology to edit an individual’s DMD gene. They target a large deletion of exons 45-55, encompassing a hotspot of disease-causing variants and creating an in-frame deletion that restores dystrophin production. MyoGene’s approach mimics a deletion found in mild Becker muscular dystrophy, associated with production of a highly functional dystrophin protein. This type of deletion and re-framing of the DMD gene would be amenable for approximately 50% of individuals with Duchenne. Unlike gene therapies that deliver a dystrophin transgene where durability is unknown, editing the DNA represents a permanent alteration.

“PPMD has been committed through our Gene Therapy Initiative to continue to push the field of gene therapy forward. Through PPMD Venture Pathways, we can help usher in yet another approach for treating patients with Duchenne,” explains Eric Camino, PhD, PPMD’s Vice President of Research and Clinical Innovation. “Gene editing represents a strategy to make life-long corrections to variants in patients’ DNA. Supporting the development of this approach will also further our understanding of novel precision medicine strategies to treat Duchenne.”

PPMD’s support will enable MyoGene to conduct key studies to advance towards the clinic. MyoGene will generate data comparing the functionality of their corrected 45-55 deletion dystrophin protein to other dystrophins and advance work on characterization of safety of this approach.

PPMD’s investment and additional funds, including from Duchenne UK and How Women Invest, represent $1.42 million in total support for MyoGene. This funding commitment may be leveraged for additional non-dilutive grant funding, building on MyoGene’s previous success obtaining grants.

“Support from patient advocacy organizations like PPMD is vital to our work,” shares Courtney Young, PhD, CEO and Co-founder of MyoGene Bio. “This support not only provides critical funding to advance our research, but also sends a powerful signal to public and private funders about the importance of continued innovation in therapeutic development for Duchenne. With PPMD’s investment, we will be able to leverage patient-advocacy funding into larger awards, making this funding reach further as we advance development of our novel gene editing therapy for Duchenne.”

PPMD’s investment in MyoGene builds on the organization’s 30-year legacy of funding more than $55 million in Duchenne and Becker research to enhance our knowledge of dystrophinopathies. In addition to substantial preclinical and academic research funding, PPMD’s Venture Pathways program provides funding to biopharmaceutical companies, which allows companies to complete critical studies needed to advance investigational products to the clinic. These funding commitments also create the opportunity for PPMD to have a financial return that can be reinvested into its research strategy and support additional work in the future. All of PPMD’s research-funding commitments undergo rigorous scientific evaluation and are selected on the basis of potential benefit to the Duchenne and Becker community. Learn more about PPMD’s Venture Pathways program.

About MyoGene Bio

MyoGene Bio is a privately held biotech company based in San Diego, CA dedicated to developing next-generation genetic therapies for Duchenne and other muscle diseases. Our lead program is a gene editing therapy for Duchenne muscular dystrophy. Learn more here: https://www.myogenebio.com/ or follow our LinkedIn page: https://www.linkedin.com/company/myogene-bio/.

About Parent Project Muscular Dystrophy

Duchenne is a genetic disorder that slowly robs people of their muscle strength. Parent Project Muscular Dystrophy (PPMD) fights every single battle necessary to end Duchenne.

We demand optimal care standards and ensure every family has access to expert healthcare providers, cutting edge treatments, and a community of support. We invest deeply in treatments for this generation of Duchenne patients and in research that will benefit future generations. Our advocacy efforts have secured hundreds of millions of dollars in funding and won eight FDA approvals.

Everything we do—and everything we have done since our founding in 1994—helps those with Duchenne live longer, stronger lives. We will not rest until we end Duchenne for every single person affected by the disease. Join our fight against Duchenne at EndDuchenne.org. Follow PPMD on Facebook, Twitter, Instagram, and YouTube.

SOURCE Parent Project Muscular Dystrophy (PPMD)

Recognition from the region’s leading venture summit underscores investor confidence in Worlds’ rapid growth and its role in redefining how enterprises see, sense, and automate the physical world.

DALLAS, Nov. 4, 2025 — Worlds has been named “Startup of the Year” by Venture Dallas at the 2025 Venture Dallas Summit, held at the George W. Bush Institute and Presidential Library. The company was selected from more than 130 startups—the largest pool of candidates to date—and down-selected to one of six finalists in the Series A category before being named Startup of the Year. Worlds’ recognition marks a pivotal moment as Physical AI moves from early vision to enterprise reality, transforming how organizations integrate AI into physical operations.

The Worlds platform is a foundational AI technology that is transforming how enterprises operate in the physical world. While other branches of Physical AI focus on autonomous vehicles and robotics, Worlds is enabling the creation of intelligent environments by connecting to existing cameras and sensors and converting real-world processes into live spatial data. Within these environments, organizations can deploy AI agents and agentic workflows that secure, automate, and accelerate their most critical operations, bringing Physical AI to life inside the enterprise.

“This award recognizes more than our company—it validates a fundamental shift in how intelligence and automation are being woven into the fabric of the physical world,” said Dave Copps, CEO and Co-founder of Worlds. “Physical AI is no longer a future technology—it’s happening today. It’s giving enterprises the power to see their operations at scale, and unlock transformative gains in productivity, efficiency, and safety. We’re honored to represent this movement here in Dallas and could not have done it without our amazing investors led by Align Capital, Moneta Ventures, GPG Ventures and Strategic investors Chevron Technology Ventures and PIVA.”

“2025 is the year physical AI goes mainstream,” said Chris Rohde, Co-founder and President of Worlds. “This isn’t incremental improvement – this is structural change on a massive scale. Our platform currently operates across facilities spanning up to 4 square miles, orchestrating cameras, vehicle transponders, personnel badges, and dozens of sensor types in real time—true sensor fusion at enterprise scale.”

“Worlds represents everything Venture Dallas stands for—radical innovation rooted in North Texas, solving real-world challenges with transformative technology,” said Bryan Chambers, Co-founder of Venture Dallas. “This recognition isn’t just about one company’s success; it reflects the strength and momentum of our region as a hub for world-changing AI innovation.”

David Evans, Managing Partner of Sentiero Ventures and member of the Venture Dallas Steering Committee, added: “When you see a team that has cracked both the technology and the market timing, you recognize something special. Worlds has done both. Their ability to deploy AI at true enterprise scale, across existing infrastructure, positions them at the epicenter of a multi-trillion-dollar transformation. This award is a well-deserved recognition of their exceptional execution.”

The Venture Dallas “Startup of the Year” award celebrates innovation, growth potential, and the capacity to meaningfully impact industries and communities. Worlds’ selection underscores North Texas emergence as a hub for breakthrough technology and the region’s role in shaping the future of AI.

About Worlds

Worlds has created an end-to-end open AI platform for the physical world. By connecting to an organization’s existing cameras and sensors, Worlds converts real-time sensor data into live spatial intelligence, enabling enterprises to deploy AI Agents and autonomous applications across their physical operations at unprecedented scale. From commercial distribution centers, manufacturing facilities, and logistics operations to mission-critical Federal facilities spanning square miles, Worlds AI empowers the world’s largest organizations to measure, automate, and optimize their physical world. Learn more at www.worlds.io.

About Venture Dallas

Venture Dallas is a 501(c)(6) non-profit organization dedicated to growing the innovation ecosystem in North Texas by connecting early-stage investors, venture capitalists, and high-growth companies. Through its annual conference, networking events, and recognition programs, Venture Dallas helps facilitate collaboration and investment across key sectors including technology, healthcare, and defense. For more information, visit https://www.venturedallas.org/.

Media Contact:

Breana Long
Director of Marketing, Worlds
[email protected]
(817)357-2064
www.worlds.io

SOURCE Worlds

First and leading GenAI Adoption Management Platform continues accelerated growth, innovation for enabling high-impact enterprise GenAI adoption

LOS GATOS, Calif., Nov. 4, 2025 — GenAI Adoption Management Platform Portal26 today announced a $9 Million Series A round of funding led by Shasta Ventures. The round was also supported by leading AI and deep tech investor, Fusion Fund, as well as the venture arm of a Fortune 500 financial services institution. The company previously raised a seed round of $6 Million in 2022. Portal26 will use the proceeds to continue its accelerated growth and product innovations. 

“As enterprises across the world invest in Generative AI, they understand that a platform to manage and measure all aspects of AI adoption is essential to fully realize the potential of this transformative technology. We built Portal26 to provide the visibility, security, governance, and strategic analytics necessary for companies to manage their transition for the new normal of how work gets done in the enterprise,” said Arti Raman, CEO, Portal26. “We are excited to partner with Shasta to expand our ability to enable companies to successfully extract the full value of Generative AI.” 

“At Shasta Ventures, we look for visionary founders and companies who are solving important problems in transformative ways. We are excited to partner with Portal26 and to provide the resources and support needed to accelerate its growth.” said Jacob Mullins, Managing Director, Shasta Ventures.  “As the first and leading GenAI Adoption Management Platform, its innovative approach to finding GenAI in the enterprise, securing it, and enabling measurable ROI, is a great example of the kind of leadership and creativity we seek to back. We look forward to helping Portal26 continue to build something extraordinary and sustain its strong growth.”

“Fusion Fund is delighted to support Portal26 as it continues its impressive journey to becoming the trusted platform for GenAI governance, security, and strategy in the enterprise,” said Lu Zhang, Founder and Managing Partner, Fusion Fund. “This round comes at a time when Portal26 has a mature, enterprise-grade solution that monitors hundreds of thousands of enterprise GenAI users. With exceptionally high customer trust and excellent support from ecosystem partners, Portal26 is poised for strong growth.”

In addition to the funding announcement, Raman said the company continues to hit significant milestones, with major customer wins and prominent partnerships across the security, systems integrator, reseller, and hyperscaler ecosystems.

“Portal26 stands apart from our competitors in both the quality and quantity of customers we have,” said Raman. “A vast majority of these customers have made large multi-year commitments of up to 7 figures. This reflects their tremendous confidence in both our current platform as well as our ability to grow features at the fast pace of the broader AI market.”

Raman noted that in the two years since the Portal26 GenAI Adoption Management Platform was launched, it has grown to become the industry’s richest and most complete resource for governing the consumption of GenAI in the enterprise. Available in a variety of standalone as well as integration-based architectures, Portal26 encompasses real-time zero-day ShadowAI detection, GenAI security and policy enforcement, GenAI Forensic Audit, GenAI Risk Management, GenAI intent and use case analysis, GenAI cost and license analytics, GenAI Strategy, GenAI Policy Management, and GenAI Employee Education.

About Portal26

Portal26 is the GenAI Adoption Management Platform that helps enterprises embrace and accelerate the competitive promise of Generative AI. It provides the essential foundation for complete GenAI visibility to manage users, drive program ROI, establish governance, ensure security, and deliver targeted education. Regardless of your current stage of enterprise GenAI adoption, Portal26 rapidly enables your buildout of a trusted, responsible GenAI program that lifts organizational competitiveness and ignites unprecedented productivity and revenue gains.  Learn more at portal26.ai.

SOURCE Portal26, Inc.

New Patent Brings AI Closer to True Multimodal Conversational Understanding

BRIDGEWATER, N.J., Nov. 4, 2025 — Openstream.ai announced that the U.S. Patent and Trademark Office has granted a foundational patent covering the company’s innovative method and system for processing multimodal conversations using advanced attention mechanisms and contextual reasoning.

This newly allowed patent defines how AI systems can intelligently interpret, learn from, and respond to complex human interactions that span multiple modalities—such as voice, text, gestures, facial expressions, images, video, and eye gaze—to generate contextually aware and adaptive responses.

At the heart of the invention is a novel framework that allows an AI system to:

• Fuse data from multiple sensors and inputs to interpret meaning beyond words.
• Apply attention mechanisms that dynamically learn what to focus on—whether it’s tone, visual cues, or conversational context.
• Understand conversation flow over time through dual “sequence” and “temporal” attention streams.
• Continuously learn from user interactions to deliver more relevant and personalized responses.
• Generate actionable responses across enterprise data and applications, displayed in an intuitive, interactive dashboard.

“This patent marks a big step toward AI that understands people the way people understand each other,” David Stark, CMO at Openstream.ai. “With our novel approach, now machines can adapt to how humans naturally communicate, making agentic conversations meaningful.”

“By combining multimodal perception with causal reasoning and adaptive attention, Openstream.ai’s technology brings AI closer to true conversational intelligence—creating the foundation for AI systems that will engage in natural, fluid interactions across any communication modality, where understanding true intent beyond literal commands is paramount,” added Dr. Reza Haffari, Chief AI Scientist of Openstream.ai.

These advanced capabilities are now integral to Openstream.ai’s Eva™ platform—delivering grounded, hallucination-resistant AI that understands real-time context, intent, and the nuances of human interaction. With Eva, users can engage naturally with enterprise knowledge: for instance, an analyst can simply point to an anomaly on a live dashboard and ask, “Why did this spike occur?” and Eva instantly correlates data across systems to explain the cause and recommend next actions.

Eva also deepens brand relationships through multimodal understanding. Its AI agents interpret sentiment from vocal cues, facial expressions, gestures, and even silence—responding with empathy and precision. For example, a customer filing an auto insurance claim can walk around their vehicle on video while speaking with Eva, which identifies damage, verifies coverage, and initiates the claim—all on the spot, without frustration or delay.

This patent adds to the momentum of a series of notable achievements for Openstream.ai in 2025, including recent patents Multimodal Collaborative Plan-Based Dialogue and Trustworthy AI, being named to KMWorld magazine’s Trendsetting Products of 2025 list, named a 2025 KMWorld 100 Companies that Matter in Knowledge Management, the 2025 World Future Award for Best Multimodal Platform, an AI Visionary on the eWeek Top AI Companies in 2025 list, and being included in over 20 Garter Reports.

About Openstream.ai

Openstream.ai is redefining human-AI collaboration with Eva™, its neuro-symbolic, multimodal Agentic AI platform. Designed to understand intent, context, and emotion, Eva™ delivers accurate, explainable, and human-like AI experiences for enterprises worldwide.

For more information about Openstream.ai, visit www.openstream.ai or follow the company on LinkedIn.

Media Contact
(908) 685-5844
[email protected]

SOURCE Openstream.ai

With its fourth spatial patent — part of a 16-patent AR social portfolio — Flying Eye’s Spotselfie® platform owns the monetization layer of the $100B AI + AR spatial economy.

CHICAGO, Nov. 4, 2025 — As Big Tech races to dominate the XR hardware market, one company has quietly claimed the territory they’ll need to make it pay. Flying Eye Reality, Inc. today announced that the U.S. Patent and Trademark Office has issued its fourth major spatial advertising patent, completing a portfolio that defines and protects the ownership, leasing, and monetization of virtual land tied to real-world locations.

“This fourth spatial patent secures the missing piece,” said Ray Shingler, Co-Founder of Flying Eye Reality. “While Meta, Snap, and Google build the glasses, we own the ad space beneath them. As AI-powered XR devices go mainstream, these patents become the foundation for how real-world advertising and digital land will operate in the spatial era.”

With this milestone, Flying Eye Reality now holds the most comprehensive global portfolio for AR social media, digital land ownership, and spatial advertising. Together, the four patents enable:

• Creation of virtual subdivisions mapped to real-world areas
• User and organizational leaseholds tied directly to those locations
• Dynamic reassignment and sharing of leaseholds based on traffic, demographics, or marketing criteria
• AR storefronts, signage, and advertising units overlaid on physical spaces, creating a new socially networked layer of commerce in the real world.

The Future: AI + XR Glasses Skyrocket Patent Value

As more than 40 companies, including Apple, Meta, Google, and Snap, race to release XR glasses, these patents become exponentially more valuable. With AI driving context-aware ad placement, Flying Eye Reality’s portfolio ensures that digital land advertising anchored to real-world spaces can only occur through its patented frameworks.

According to Verified Market Reports, the augmented reality for advertising market is projected to reach $30 billion by 2033, growing at a CAGR of 18.4% (Verified Market Reports). https://www.verifiedmarketreports.com/product/augmented-reality-for-advertising-market/?utm_source=chatgpt.com

Real-World Use Case

Spotselfie has already proven this technology in real-world settings on a large U.S. university campus, where ads, storefronts, and Spotlands® were successfully anchored to real-world locations. This first-of-its-kind deployment validates Flying Eye Reality’s patents as the foundation for AR advertising tied to real-world locations.

Imagine walking across a college campus or through a stadium and seeing AR storefronts, branded signage, and interactive pop-ups anchored to real-world buildings and spaces. That’s precisely what Flying Eye Reality’s Spotselfie® platform enables, turning digital land into a monetizable layer of the real world.

Spotselfie®: The Exclusive Platform

Unlike Meta, Snap, Google XR, or Apple, only Spotselfie®, the AR Social Metaverse, is fully positioned to benefit from this four-patent portfolio. Spotselfie already operates as the only AR social platform where users, creators, and brands interact through GPS-anchored campaigns and digital land monetization.

Strategic Acquisition & Licensing Opportunity

Flying Eye Reality believes its patent portfolio represents a strategic acquisition or licensing opportunity for companies building the next generation of XR hardware and immersive platforms. The company’s intellectual property provides the legal foundation for location-anchored monetization in AR/XR, ensuring that the coming wave of AI-powered glasses must run through Flying Eye Reality’s innovations.

About Flying Eye Reality, Inc.
Flying Eye Reality pioneers technologies at the intersection of augmented reality, XR, and digital land monetization. Its flagship platform, Spotselfie®, the AR Social Metaverse, enables users, brands, and organizations to interact through AR layers mapped directly to real-world spaces.

For media inquiries, please contact:
Ray Shingler
Co-Founder, Flying Eye Reality, Inc.
[email protected]
219-309-7048
www.spotselfieapp.com

SOURCE Flying Eye Reality, Inc.

Delivery of a CircularEV™ truck to Circular Fashion LA highlights how incentives, flexible financing, and retrofit innovation are unlocking access to clean mobility

LOS ANGELES, Nov. 4, 2025 — Evolectric, Alternative Fuel Leasing Company (AFLC), and CALSTART, administrator of the California Air Resources Board’s Innovative Small E-Fleet Pilot Project (ISEF), announced a milestone in making fleet electrification accessible to small businesses and mission-driven organizations.

ISEF offers small fleets and independent owner-operators access to zero-emission vehicles through innovative solutions such as all-inclusive leases, rentals, truck sharing, and truck-as-a-service.

Through this collaboration, Circular Fashion LA received its first CircularEV™ truck, demonstrating how incentives, flexible financing, and retrofit innovation can converge to accelerate adoption of clean mobility.

This project illustrates a replicable model: ISEF reduces upfront costs, AFLC provides flexible financing, and Evolectric delivers scalable retrofit technology through its CircularEV™ solution, which transforms existing commercial trucks into fully electric, smart-enabled vehicles. Together, these enablers are breaking down barriers for small and medium-sized fleets that often struggle to access clean transportation options.

“This delivery shows the power of partnerships. When incentives and financing align with retrofit technology, we can give small fleets the same opportunities as large corporations to go electric,” said Jakson Alvarez, Co-Founder of Evolectric. “With CircularEV™, fleets don’t need to wait for expensive new vehicles. We make electrification faster, smarter, and more sustainable by reusing the assets they already trust.”

“Our mission is to empower fleet owners by upgrading to cleaner and smarter technology without the upfront financial burden.” said Preston Hayes, Founder of Alternative Fuel Leasing Co. “By leveraging ISEF and innovative retrofit solutions like Evolectric’s CircularEV^TM, we can help organizations adopt zero-emission trucks at scale.”

“California’s Clean Truck and Bus Voucher Incentive Project was designed to ensure fleets of all sizes can access clean vehicles,” said Niki Okuk, Deputy Director at CALSTART. “When technology providers like Evolectric and financing innovators like AFLC work together, it shows how we can deliver zero-emission trucks into the hands of small fleets, creating cleaner air in the communities that need it most.”

For Circular Fashion LA, the delivery marks a major step in expanding its mission to build a regenerative, circular fashion system.

“With this vehicle, we can expand our impact across Los Angeles,” said Karri Ann Frerichs, Founder of Circular Fashion LA. “Evolectric and its partners made this transition possible, showing how even small, mission-driven companies can access the tools to lead on sustainability.”

Both Evolectric and Circular Fashion LA are portfolio companies of the Los Angeles Cleantech Incubator (LACI), where they first connected through their shared commitment to circular innovation.

The CircularEV™ truck will serve as Circular Fashion LA’s new Mobile Circular Fashion Lab, offering clothing repair, upcycling, and educational workshops directly in communities across Los Angeles. By combining clean transportation with circular fashion, the initiative shows how different industries can work together to reduce waste, extend asset life, and empower communities to embrace sustainability.

Read the full article and learn more here:

https://evolectricnow.com/blog

Media Contact:
Nathalie Stein

310-596-7557
[email protected]

SOURCE Evolectric Inc.

Partnership with Leading Latin American Energy Company Copec to Result in Deployment of GWhs of Second-Life Battery Projects in Latin America and Europe

VANCOUVER, BC, Nov. 4, 2025 — Moment Energy, one of North America’s leading EV battery repurposing companies, today announced a strategic investment from Copec WIND Ventures, the strategic venture capital arm of Latin American energy leader Copec. The investment launches a commercial partnership focused on deploying gigawatt-hours of second-life battery energy storage projects across Latin America and Europe—one of the largest EV fleet repurposing initiatives outside of China.

To date, Moment Energy has raised nearly $60 million, including investments from Amazon Climate Pledge Fund, Voyager Ventures, and now Copec WIND Ventures, along with more than $30 million in non-dilutive funding from the U.S. and Canadian governments.

Through this partnership, Moment Energy and Copec will deploy 45 megawatt-hours of near-term projects across commercial and industrial applications, expanding to an additional 300 MWh by repurposing batteries from Chile’s electric bus fleet—the second-largest in the world. The initiative marks a significant step toward establishing a domestic second-life battery supply chain in Latin America and Europe, thereby reducing reliance on Asian imports and fostering a more resilient, sustainable energy landscape across both regions. Currently, Copec distributes over 1 terawatt-hour (TWh) of energy annually from its energy storage facilities to its customers.

“At WIND Ventures, we see a looming supply gap for stationary energy storage as lithium-ion manufacturing stays focused on EVs,” said Brian Walsh, Head of Copec WIND Ventures. “Moment Energy has cracked the code on second-life batteries—turning what was once waste into safe, cost-effective, UL-certified storage systems. This partnership not only expands Moment’s commercial traction in Latin America but also strengthens domestic supply chains for energy storage in the Americas and Europe.”

“Partnering with Copec represents a pivotal milestone for Moment Energy,” said Edward Chiang, CEO and Co-Founder of Moment Energy. “Together, we’re deploying in Latin America and Europe, demonstrating how local repurposing can reduce supply chain dependencies, enhance energy security, and accelerate the global transition to clean, affordable, and reliable energy. We are excited to be working with one of the world’s leaders in EV bus fleets to enable a true circular economy and ensure all humans have access to clean, affordable, and reliable power.”

Moment Energy’s Luna battery energy storage system is the first repurposed battery system globally to achieve all key safety milestones with UL 1973, UL 9540, and UL 9540A certifications. The company’s system is powered by a proprietary, AI-driven Battery Management System (BMS), dynamically balancing thousands of cells, modules and packs from multiple OEMs, chemistries and states-of-health. This ensures industry-leading safety, reliability, and cost savings of over 30% compared to first-life battery systems, making them ideal for commercial, industrial, and grid-scale applications. Moment Energy has the most affordable, longest life, energy dense, commercial second-life system in the market.

“With this partnership, we are connecting with the global EV-battery supply chain, tapping into GWhs of supply. I am excited to accelerate repurposing and to welcome a new battery supplier into our pipeline,” said Sumreen Rattan, COO, Moment Energy.

The partnership aligns with growing global momentum to repurpose end-of-life EV batteries for stationary energy storage—a market projected to reach 965 GWh per year by 2035. With Chile’s growing fleet of retiring electric buses and Copec’s regional leadership in electrification, Moment Energy is uniquely positioned to scale second-life battery deployment at gigawatt-hour levels while fostering circular economy principles and reducing environmental waste.

About Moment Energy

Moment Energy is the world’s leading EV battery repurposing company, creating clean, affordable, and reliable battery energy storage systems (BESS) by repurposing retired electric vehicle batteries. Moment Energy works with major automotive companies, including Mercedes Benz Energy, to support circular economy goals and ensure their batteries are safely used in second-life applications before they are recycled. The team supports utilities, microgrids and commercial customers to improve grid reliability, power EV charging stations and reduce demand charges, all with a sustainable and performant BESS solution made from repurposed EV batteries.

For more information, please visit – https://www.momentenergy.com

About Copec WIND Ventures

Based in San Francisco, Copec WIND Ventures is the strategic venture capital arm of Copec, one of the leading energy, mobility, and retail companies in Central and South America and one of the most valued brands throughout Latin America. WIND Ventures leverages Copec’s significant resources to accelerate growth, primarily within Latin America, for startups and scaleups across the world within the new mobility, energy, and retail sectors. Visit windventures.vc or follow us on LinkedIn.

Media Contact:
Miguel Resendiz
[email protected]

SOURCE Moment Energy