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Engines
2 stories about Engines
How did an Israeli startup's valuation plummet from $5 billion to $50 million?
09.02.23
|
Amir Perger
In June 2021, Aquarius Engines celebrated the signing of an agreement with multinational Kampac International (KIP) to sell 10% of the company’s shares at a $5 billion valuation. However, KIP never exercised the option and Aquarius is now traded on the Tel Aviv Stock Exchange at a valuation of less than $50 million
Israeli combustion engine developer Aquarius raises $10 million from Japanese giant TPR
25.11.20
|
Meir Orbach
Aquarius, which has developed a two sided free piston linear 10kg engine, is planning on going public on the Tel Aviv Stock Exchange in the coming weeks
