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America's New Pax Silica Fund, Autonomous Electric Trucks, And Cashing Up For Domestic Drone Production

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March 24, 2026

USA Launches Quarter Billion Dollar Pax Silica Fund

The United States of America officially launched a new $250 million fund known as Pax Silica Fund to back allied projects in semiconductors, critical minerals and artificial intelligence infrastructure. The Pax Silica Fund will be led by the Department of State and the Department of the Treasury and will collaborate with the Export-Import Bank of the United States and the Department of Commerce on individual investments.

Einride Lands New Approval For Autonomous Electric Trucks In America

Sweden based autonomous vehicle company Einride won a new approval from the National Highway Traffic Safety Administration to be able to operate their autonomous electric trucks on public roads in Austin, Texas. Einride previously entered into a business combination with Legato Merger Corp III (NYSE: LEGT) in a SPAC deal that values Einride at roughly $1.8 billion.

Unusual Machines Raises Mega Round For American Drone Production

Unusual Machines (NYSE: UMAC) successfully raised $150 million In a new equity financing round at $17.00 per share, marking the largest single financing the company has done since going public. Unusual Machines has publicly stated they plan to use the new growth capital to meaningfully scale up their domestic drone manufacturing business in the United States of America.

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