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.
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.
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.
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.
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.
Says ‘Mega-Constellations’ Need Additional Regulatory Oversight
Viasat Inc. (Nasdaq: VSAT) is sounding the alarm about debris orbiting the Earth.
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.”
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.
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.
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.
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.
Partnership Will Help Fund Global Expansion
Chosen Foods, the Downtown-based avocado-centric brand, has received a notable investment from Butterfly.
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.
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.
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.