• The New Money
  • Posts
  • Quantum Computing In The US, Electric Snowmobiles, and Canada's Public Company Funding

Quantum Computing In The US, Electric Snowmobiles, and Canada's Public Company Funding

Uncovering the world’s most exciting early stage companies. Discover what’s next.

February 20, 2024

The First Quantum Computer Manufacturing Facility In The US

IonQ (NYSE:IONQ) has launched the very first manufacturing facility for quantum computing in the United States. The company’s Seattle facilities now span over 100,000 square feet in total, and are expected to receive an additional $1 billion in investment over the next decade. IonQ has current partnerships with large companies to leverage quantum computing, including Hyundai, Airbus, GE Research and the United States Air Force Research Lab.

The World’s First Electric Snowmobile Is Here

Vidde has launched the world’s first electric snowmobile, known as the Alfa and capable of reaching a top speed of 100 kilometres per hour. The Alfa snowmobile emits approximately 85% less carbon dioxide than a fuel powered snowmobile, and has already landed multiple preorders from some of the largest ski resorts in Europe.

Why The Canadian Government Is Funding Public Companies

The Canadian Government has been getting more active in awarding grant funding to publicly traded companies, supporting battery technology, carbon sequestration, helium gas production and more. Although the grants are still relatively small, the Canadian government has rolled out plans to expand their support of Canadian mining through a $1.5 billion critical mining fund that aims to play a vital role in the energy transition.

The Sprint

  • Worldcoin ($WLD) has continued to show impressive growth, reaching 1 million daily active users on their crypto wallet known as World App. The crypto token’s value is up over 180% in the past week.

  • Monumental raised $25 million to advance their AI-powered bricklaying robots capable of rapidly accelerating construction timelines.

  • LionVolt is looking to disrupt the solid state battery space, and has raised €15 million to pursue their next generation technology that aims to be 50% lighter than traditional lithium-ion batteries.

New here? Join our community of 20,000+ individuals interested in uncovering the world’s most exciting early stage companies.