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CSIT Awards over $2.7M to Support Clean Energy Startups with Demonstration Projects

American Entrepreneurship

January 3, 2025) The New Jersey Commission on Science, Innovation and Technology (CSIT) awarded over $2.7 Somerset County): Demonstrating a 5Ah zinc-ion battery for use in energy storage applications, which are safer, faster charging, and half the cost of incumbent Lithium Iron Phosphate (LFP) batteries. TRENTON, N.J.

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Z?m wins $150M from San Francisco schools to modernize and electrify student transport

TechCrunch

The buses previously used were old and owned by the incumbent and have been moved out of the city. m has deployed a new fleet of connected school buses and other vehicles, which will be converted to electric by 2025.”. m’s goal to help SFUSD electrify its entire fleet by 2025. Along with its fleet, Z?m

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

. “Sima.ai’s platform addresses any computer vision application using any model, any framework, any sensor, any resolution … [We as a company have] seized the opportunity to disrupt the burgeoning edge computing space in pursuit of displacing decades old technology and legacy incumbents.” billion by 2025.

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Indonesia’s Astro raises $60M to work on 15-minute grocery delivery

TechCrunch

The e-grocery delivery market in Indonesia is projected to reach $6 billion by 2025. The startup is competing with incumbents like Sayurbox, HappyFresh and TaniHub to win over users. Revenues grew more than 10x over the past few months and downloads hit 1 million, the company said.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

We profiled Rebag back in 2015, when its name included two “g’s,” (gotta love URL availability) and had raised $4 million in seed funding to go after incumbents like The RealReal. Gorra sees The RealReal and Poshmark being the closest competitors to Rebag.

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It Pays to be an AI Company

Tomasz Tunguz

Forward ARR Multiple As of Type 25th 50th 75th percentile 2025-01-31 Software 3.1 2025-01-31 AI 8.3 AI software reinvents workflows in ways that could enable market share shift from incumbents, in a way that hasn’t been possible since the beginning of the cloud era.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

Additionally, Melonn works with a range of transportation providers, including incumbents such as FedEx or DHL and last-mile startups, to reduce shipping times and costs. . Melonn then takes care of the picking, packing and delivery, so that end-consumers receive their orders on the same or next day, also taking care of returns.