Ijaz’s reappointment coincides with the closing of ONE’s latest funding round, which was led by Crescent Ventures LLC.

The round was led by America venture capital firm, Ecosystem Integrity Fund (EIF) of Sacramento, California, with participation from Blume Ventures of Mumbai, India and British International Investment Plc of London, UK (BII).

While the exact financial details of this investment have not been publicly disclosed, it is part of HVS's ongoing efforts to attract outside investment after the company announced last year it was desperately seeking Series B funding as it slimmed down operations of its attribute prototype (AP) build.

T&BB spoke to Vanessa Kelly, Head of Corporate Relations of HVS at Cenex 2024 to learn that HVS is entering another funding (Series B) round in October this year as the engineers continue to forge ahead with its attribute prototype (AP) build.

February this year saw Volvo do Brasil Veículos Ltda of Curitiba, Brazil begin exporting trucks to Mexico.

Farizon signs local joint venture partnership.

The new building will replace the company’s old Hamburg branch which dates back to the 1970s.

The new site includes a workshop, office space and a parts facility capable of servicing and maintaining both DAF ICE and electric trucks. The site was relocated due to the proximity to the A40, M40 and M25.