Business Daily Media

Men's Weekly

.

GLy New Mobility Fund Invests in Israeli Unicorn Vayyar

HONG KONG SAR - Media OutReach - 8 June 2022 - GLy New Mobility Fund, a global mid-to-late-stage private equity fund backed by Zhejiang Geely Holding Group, today announced that it has completed the investment in Vayyar Imaging, a leading 4D imaging radar-on-chip solution provider based in Israel.

The US$108million round was led by Koch disruptive technology and joined by investors including Atreides Management, Battery Ventures, Bessemer Ventures, More VC, Regal Four, and Claltech.

Vayyar has developed the world's most advanced 4D imaging radar solution which can see through walls and objects, map environments, and track movements in real-time, without invading one's privacy. Initially developed to provide a more effective way for early-stage breast cancer detection, Vayyar's chip solution has demonstrated its cost and performance capabilities and is now used in numerous sectors including automotive, smart home, elderly care, retail, security and medical.

Anny Lin, Co-CEO of GLy Capital, said "GLy New Mobility Fund invests with purpose and develops genuine investment partnerships with outstanding growth companies. With our networks and Vayyar's technology, we are confident of creating more meaningful opportunities for our investors."

"We couldn't be happier with our participation in Vayyar's journey. Their automotive offering is world class and their applicability and reach into other industry verticals, such as elderly care, smart home, retail, medical and other is impressive.", said Hrvoje Krkalo, Co-CEO of GLy Capital.

"We are excited to have GLy Capital's New Mobility Fund as shareholders and look forward to leveraging the GLy network for relevant opportunities for our business", said Raviv Melamed, founder and CEO of Vayyar.

About GLy New Mobility Fund

The GLy New Mobility Fund is a global mid-to-late-stage private equity fund based in Hong Kong. Backed by Zhejiang Geely Holding Group, the fund invests into startups that disrupt the transportation industry. Key areas of focus are electrification, smart cars, smart cities, mobility as a service (MaaS), materials. The New Mobility Fund has invested in several mobility startups globally such as Polestar, ECARX, Freewire.

About GLy Capital Management Limited

GLy Capital Management Limited is a Hong Kong based investment management entity holding SFC type 1, 4 and 9 licenses. The Company is majority owned by Zhejiang Geely Holding Group.

#GLyCapitalManagementLimited

About Vayyar Imaging

Founded in 2011, Vayyar has created the world's most advanced radar-on-chip platform to gather life essential data, providing solutions for automotive, smart home, elderly care, retail, security and medical and more, while maintaining privacy at all times.

Its state-of-the-art chip covers imaging and radar bands from 3-81Ghz, with up to 72 transceivers in each chip and an integrated high-performance DSP. Vayyar's multi-antenna sensor produces unprecedented levels of accuracy, enabling high-resolution 4D point-cloud images. Vayyar's sensors can work in any environmental condition, unaffected by line-of-sight, lighting or weather conditions. Vayyar's mission is to deliver the next generation of sensing technology that is miniature, affordable, and versatile enough to impact everyone's lives, enabling a safer world.

Visit to learn more.

For further information, visit: .

The issuer is solely responsible for the content of this announcement.

News from Asia

HKSTP Delegation Debut at VivaTech 2025 Paris

Bridging French and Hong Kong innovation ecosystems to supercharge global tech development HONG KONG SAR / PARIS,FRANCE - Media OutReach Newswire - 13 June 2025 - Hong Kong Science and Technology ...

Juyeon Lee, Head of Xsolla APAC: "Xsolla Buy Button Designed to Reduce Friction and Drive More Revenue Online"

Surge in New Partnerships Across Japan and India Reflects Growing Interest in Alternative Payments SEOUL, SOUTH KOREA - Media OutReach Newswire - 13 June 2025 - Game developers increasingly seek w...

China's wine market uncorks consumption vitality

YINCHUAN, CHINA - Media OutReach Newswire - 13 June 2025 - In an exhibition hall at an expo in Yinchuan, the capital of northwest China's Ningxia Hui Autonomous Region, the rich aroma emanating fr...

Anchor Pastry Challenge 2025 Crowns Malaysia's Next-Gen Pastry Talent

5 Finalists Each in the Bread & Viennoiseries and Cake Categories Compete for Top Honours SELANGOR, MALAYSIA - Media OutReach Newswire - 13 June 2025 - The Anchor Pastry Challenge 2025, organ...

Visa advances digital payments in Vietnam with Cashless Day 2025 and innovative payment solutions

Strategic partnerships and nationwide events make cashless payments more accessible and beneficial for all Vietnamese consumers The new Click to Pay solution, seamless e-wallet in...

Lee Gardens Presents "Celebrate Every Bite": A Joyful Culinary Celebration

Six Premier Restaurants Unveil New Exclusive Menus From Michelin-Starred Favorites to Japanese Artisanal Gems Complimentary Décor & Crystal Balloons | Up to 50% Dining Offers and 13% Rewards ...

Our Water Season 2 Launches in London, Advancing Shanghai-London Dialogue on Future Waterfronts

SHANGHAI, CHINA - Media OutReach Newswire - 13 June 2025 - The second season of Our Water: Flowing from Shanghai – Intercultural Dialogues Among World Cities officially launched on June 10 along t...

Citri Mobile Expands IRP-Certified iPhone Repairs with New Singapore Outlet in Tampines

SINGAPORE - Media OutReach Newswire - 13 June 2025 - Mobile devices play a vital role in Singapore's infrastructure, supporting communication, education, logistics, and work-related functions. As ...

Hong Kong International Automotive & Supply Chain Expo Kicks Off: "Phoenix Go Glocal" Empowers Auto Enterprises on a "New Journey" of Global Expansion

HONG KONG SAR - Media OutReach Newswire - 13 June 2025 - The 2025 International Automotive Supply Chain Expo (Hong Kong), co-hosted by the China Association of Automobile Manufacturers, Hong Kong ...

2025 Beijing CBD Forum Annual Conference Kicks Off

BEIJING, CHINA - Media OutReach Newswire - 13 June 2025 - On June 11, the 2025 Beijing CBD Forum Annual Conference commenced, held concurrently with the United Nations Development Programme (UNDP)...

How reducing revenue leakage could help your business stay in the black in FY2026

It’s time to stop legacy revenue management platforms and processes draining your profitability. Is boosting the bottom line an overarching goal ...

Technical Debt Stifling Path to AI Adoption for Global Enterprises

Outdated legacy technologies costing organisations the ability to innovate, money, time and potentially, even customers Technical debt and an ov...

Attract. Impress. Keep. The new small business growth playbook

Running a small business is a marathon that often feels like a sprint. You are chasing leads, juggling admin, building a brand and trying to carve...

Amazon to expand data centre infrastructure in Australia and strengthen AI

Amazon has announced plans to invest a new total of AU$20 billion from 2025 to 2029 to expand, operate, and maintain its data centre infrastructur...

How AI is Reshaping Banking in Australia

AI in the Banking and Financial Services Industry  From fraud detection and credit scoring to personalised financial advice, AI is transforming t...

Tracksuit set for growth after $38M investment

Tracksuit Raises $38M Series B to Accelerate Global Expansion and Boost its Growing US Presence VMG Partners leads oversubscribed round; Tracksui...

Sell by LayBy