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Aptera Boosts Global Profile with New Asia Pacific CEO
INNOVATION: EV Startup Planning to Begin Production in 2022
San Diego EV startup Aptera Motors has beefed up its global profile with the hire of auto industry veteran Jim Chyou, announced this past week as the company’s new Asia Pacific CEO.
Hydralyte to Reach $10M in Revenue in 2021
BEVERAGES: Products Treat Dehydration, Hangover
Hydralyte North America has significantly increased its sales volume the last 12 months. This is a direct result of SKU proliferation as well as an acceleration in e-commerce business due to the pandemic.
San Diego Wins Big At Beer Competition
Local Independent Brewers Win 19 Medals This Year
Two Roots Brewing Co., the Kearny Mesa-based non-alcoholic beer company, has won a Great American Beer Festival medal… again.
Cutwater Spirits Continues Upward Trajectory
BEVERAGES: RTD Category Records Record Growth During COVID-19
Driven by consumer demand, the ready-to-drink category in the United States recorded growth of 62.3% in 2020, in spite - or as a result - of the pandemic. Cutwater Spirits, the Miramar-headquartered distillery known for its lineup of canned cocktails, continues to bear the fruit.
Northrop Grumman Secures $39.8M Deal
Contract Funds Global Hawk Programs for Japan and South Korea
The U.S. Air Force awarded Northrop Grumman Corp. a $39.8 million modification to a previous contract for both the Japan and Republic of Korea Global Hawk Program.
Viasat Concerned Over Space Debris
Says ‘Mega-Constellations’ Need Additional Regulatory Oversight
Viasat Inc. (Nasdaq: VSAT) is sounding the alarm about debris orbiting the Earth.
Callaway Stock Up Nearly 30% in 2021
SPORT: Co. Raises Guidance for Q3, Full Year
When Callaway Golf raised financial guidance for Q3 and full-year 2021 earlier this month, President and CEO Chip Brewer said the Carlsbad-based company was successfully “navigating the rapidly changing business environment resulting from COVID-19.”
World Trade Center Seeks 15 Companies for Accelerator
NONPROFIT: Export Assistance Available Through Program; Application Deadline Is Nov. 15
San Diego small businesses have a new opportunity to enter the sprawling marketplace that is the world.
Plantible Foods Nets $21.5M Series A Funding
BIOTECH: Ag-Tech Co. Aims to Change Food Supply Chain
Plantible Foods, a local agriculture-tech start-up developing a plant-based protein, raised $21.5 million in Series A funding.
Tipsy Elves Clothing Finds New Home
The $70M Co. Moves to Wells Fargo Plaza Downtown
Tipsy Elves Clothing, the $125 million company that designs creative and memorable apparel, has found a new home.
Brixton Inc. Expanding Brick-and-Mortar Footprint
RETAIL: Stores in Long Beach, Oceanside, Inland Empire and Japan Opening This Year
Brixton Inc. is expanding its brick-and-mortar footprint. Headquartered in Oceanside, the privately owned premium apparel and accessories brand recently opened a 1,600 square foot store in Long Beach.
Butterfly Invests in Chosen Foods
Partnership Will Help Fund Global Expansion
Chosen Foods, the Downtown-based avocado-centric brand, has received a notable investment from Butterfly.
ARS Pharma Raises $55M
MEDICINE: Funding Backs Product Launch
ARS Pharmaceuticals, a pre-commercial pharmaceutical company, raised $55 million in Series D funding to back preparations for the launch of its lead product Neffy, an epinephrine nasal spray.
Fluidra Pays $240 Million for Oregon Competitor
MANUFACTURING: Company’s Growth Spree Continues Amid Pandemic
Carlsbad-based Fluidra resumed its acquisition spree with the $240 million purchase earlier this month of S.R. Smith, an Oregon-based swimming pool equipment manufacturer.
Qualcomm, Intel Get DoD Work
Goal Is to Produce Advanced Microchips on U.S. Soil
The U.S. Department of Defense has tapped Qualcomm Inc. and Intel Corp. to help it produce advanced microchips in the United States.
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