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Endera, a rapidly growing leader in the electric vehicle (EV) industry, has secured $49 million to propel its mission to revolutionize the American transportation sector. This infusion of capital will enable the company to scale production, expand its product line, and generate new jobs at its world-class production facility in Ottawa, Ohio.
The shipping business in Africa has for years been inefficient and costly due to the traditional ways of managing operations – traditional in the sense that a shipper has to physically look for a transporter, sometimes through a middle-man, and often, once goods are delivered, the trucks almost always make the return trip empty.
’s Seraphim Capital , the country’s only space tech accelerator, has released details of its newest cohort as part of its Space Camp programme, timed with the end of World Space Week last week. Description: “Helix Technologies – enables precision GPS antennas, providing 10cm level accuracy. Helix Technologies.
They were brought back together by the pandemic to start the e-commerce enablement company. 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. .
There’s an urgent need for a global air traffic management solution to enable safe and efficient drone and urban air mobility (UAM) operations, and Terra Drone aims to be the leading player building the digital infrastructure in the sky.” . million Series A in February 2021. . and Southeast Asia.
The convergence of technology, talent and funding now makes the vision of one-hour hypersonic global transport within reach—so say the co-founders of Venus Aerospace and its most recent funder Airbus Ventures. They assembled a team of top industry talent to develop and build cost-effective one-hour global transport.
MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. Njoya said the startup is working towards becoming the go-to vehicle subscription and financial services platform for millions of transport operators across the continent.
A smaller portion of rail freight movement is referred to as intermodal activity, which essentially involves moving steel containers between a range of different modes of transportation, like boats and trucks. “When that becomes a problem is when you’re figuring out where to park that big train, and the answer is, not many places.”
From May this year, the Dat Bike Weaver++ electric motorbikes will be introduced in Ho Chi Minh City as part of the Gojek platform’s transportation and delivery service. It also aims to accelerate the transition to greener transportation for a better environment.”
Clime Capital , a Singapore-based fund manager focusing on accelerating the low carbon transition, is helping Vietnam address this concern through its partnership with EBOOST , the first mover open network electric vehicle (EV) charging operator in the country.
“This deal allows us to deepen our partnership with Joby, the clear leader in this field, to accelerate the path to market for these technologies.” ” These tools and new team members will be invaluable to us as we accelerate our plans for commercial launch.”
The automotive startup is developing data transport and acceleration technology for automobile networks that support autonomous driving and electrical vehicles (EV). Advanced Driver-Assisted Systems (ADAS), autonomous driving (AD) and the ecosystem of customer software delivered Over the Air (OTA) require efficient data transport.
million in Series A funding, led by GreenPoint Partners with support from Speedwagon Capital Partners, to accelerate expansion of its managed properties and technology platform. FirstFleet, PAM Transport, Dot Transportation, Western Flyer Xpress, and Riverside Transport, as well as more than 1,500 midsized fleets and small trucking companies.
“This latest funding round, following a year of record growth for FourKites, validates our vision of breaking down the barriers across today’s supply chains — between transportation, warehouses, stores and siloed technology systems,” said Mathew Elenjicka l, founder and CEO of FourKites. “We
CloudCuddle designs and produces transportable bed tents to enable families with handicapped children to sleep away from home. Our product has gotten a great response from the market, enabling us to start start new projects and grow even more. What’s been happening since GSEA? Read more on EO GSEA from the Octane blog.
It plans to use the fresh capital to scale its fast charge-capable anode technologies that might enable the next generation of batteries for electric vehicles. Alongside lead investor Lotte Chemical and investment company KTB Network, General Motors’ corporate venture capital arm, GM Ventures, signed on as a strategic investor.
On Wednesday, January 24, the inaugural cohort of startups from i2E’s Bridge2 Pre-Accelerator program presented their groundbreaking innovations during the Bridge2 Demo Day at Sailor & The Dock in Oklahoma City. During Demo Day, attendees heard pitch presentations from five founders who participated in the initial Bridge2 cohort.
The investment will be used to accelerate the development and commercialization of GB’s AI and 3D vision-based “autonomous mobile robots” or “AMRs” These perform simple tasks such as transporting, picking up and dropping off products in order to free up humans to perform more valuable tasks. Nenad Baki?
Focusing on mission-critical energy needs across industries like data centers, construction, and transportation. “This funding marks a significant milestone, enabling Fuel Me to accelerate the development of advanced technology while continuing to deliver unparalleled service to our customers.
Secondly, this adoption has been influenced by the pandemic: 63% state that COVID-19 and the expedient transition to remote working accelerated their organization’s plans for private 5G. Private 5G enabling businesses to take automation to new levels. Skeleton staff on site. Business ramp up given the sudden shift to online shopping.
Aclima , a decade-old startup founded by Davida Herzl, is looking to solve that problem and has raised $40 million in new funding from strategic and institutional venture capital investors to accelerate its growth. “We’ve built a platform that enables hyperlocal measurement.
“You don’t have to transport it… You can’t liquefy it… You don’t have to worry about transporting it because it’s a low-density fuel… It’s a mess… If you make it on site all of those challenges go away… We think infrastructure is going to be fine.” But] we are already too late.
The easy-to-use, comprehensive supply chain management system among top applicants selected for Newchip’s online accelerator NEW FREEDOM, Pa., Past accelerator cohorts averaged more than 17.5 The equity-free, fully digital accelerator has helped over 2,500 founders from more than 110 countries and 250 cities raise over $2.2
“We need to create awareness with different stakeholders to ensure that battery recycling is given the attention it deserves to enable a circular economy in battery usage.” “This will enable true green and circular mobility.”
Drivers can reduce parking time and fuel consumption and enjoy uninterrupted movement experiences even after entering underground parking lots, thereby enjoying a comfortable smart city environment that enables them to reach their final parking destination seamlessly. We’re here to facilitate valuable partnerships.
Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia.
Flip , an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. The startup plans to use the fresh capital to accelerate its business expansion further, strengthen its operations in Indonesia, advance technology and expand its engineering and product teams. .
Founded in 2012, the accelerator is focused on developing early-stage companies tied to the University of California system. Attending a remote startup accelerator is absolutely worth it. The 17 startups presenting today were whittled down from 1,850 applicants, according to the accelerator. The Hurd Co. The Hurd Co.’s
The Techstars-backed startup is focused on drone operations in industrial settings — building tech to scale the use of drones for inspection and maintenance purposes in industries, such as the oil & gas sector, by enabling pilots to remote-control craft from a central location, rather than needing to be on site for each flight.
The Boston-based startup built a platform, which provides tech-enabled caregiver support through employers and health plans. There are so many activities built into the care plan that fall to family caregivers – like medication management, transportation to and from appointments, managing dietary needs.
Less heralded has been the next wave these disruptors often catalyze: Digital enablers seeking to arm the incumbents against the incursions of their new digital rivals. But in verticals ranging from freight brokerage to B2B marketplaces, these enablers have repeatedly emerged after an initial disruption. and Enable.
And we’ve seen this time and time again in other industries when standards emerge, they become accelerators, enabling more efficient things to happen to make the community as a whole better by building these common building blocks. The standards part is where Apache Arrow comes into play.
NVMe is the storage access and transport protocol for flash and SSDs. It can scale NVMe data transfer queues to many parallel connections, Kirzner claims, enabling them to achieve access latency of 100 to 120 microseconds or around 200 microseconds on commodity servers.
The Station is a weekly newsletter dedicated to all things transportation. Against that backdrop of unsafe practices, I wanted to note an important departure over at the Department of Transportation. The UK’s Department of Transport reports weekday cycling rates have jumped 47% in the first half of 2022.
Tayebi felt that providing on-demand services — which solves essential needs and, more importantly, builds trust to then provide payment services — was the catalyst to enable financial inclusion in the region. Last year, it was part of Y Combinator’s winter batch as the first Algerian startup in the accelerator.
We don’t tie investments to an immediate strategic opportunity but want to help accelerate development either as an advisor or capacity provider with the hope that there is eventually an opportunity to partner strategically or become a customer as they progress.” . ” How to approach (and work with) the 3 types of corporate VCs.
Set your transporter coordinates for our Fast Money breakout sessions. You’ll hear presentations from leading space accelerators and funding programs. Fast Money — The Space Force Accelerators: Learn how the Hyperspace Challenge, Catalyst Space Accelerator, and other government accelerators can connect you to the U.S.
The demand for affordable, same-day delivery of goods was obviously accelerated by the pandemic, and no less so in developing countries as well as developed ones. Borzo says its gig economy workforce enables delivery via any route, any transport, any weight or size.
Ureta and Papaya’s CTO cofounder Renato Serra both have experience working at companies where transport and logistics are pivotal to their bottom line, including European food delivery juggernaut Deliveroo and quick-commerce unicorn Gopuff. And this experience was what proved the genesis for Papaya. ” Moving parts. .
Veev, a real estate developer turned tech-enabled homebuilder, announced today that it has raised $400 million a Series D round that propels the company to “unicorn status.” In recent years, a number of tech-enabled home builders have emerged to help address the nation’s housing shortage.
This financial boost will enable Maka Motors to innovate further and refine its in-house development of EVs commenced in the previous year. As of April 2023, the country had more than 40,000 electric motorcycles traversing its roads, indicating a growing interest in eco-friendly transportation options.
Register Indonesian-based e-commerce logistic solution business Biteship , which focuses on enabling SMEs and enterprises has raised an undisclosed sum of initial funding from East Ventures and Beenext, according to a BusinessNewsAsia report.
Register Transport Capital , a globally-recognised investment management and advisory firm focused on the maritime and aviation industries, has launched its new venture capital arm named TC Ventures. Established in 2013, Transport Capital is an investment management and financial advisory company focused on maritime and aviation.
“Boston Materials is a high-performance materials company enabling manufacturers of industrial and consumer products to break through their design trade-offs with new materials. It is produced from 100% reclaimed carbon fiber, enabling new, high-volume, energy-efficient products that have a low carbon footprint.”
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