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Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. Before launching the fund, Google proved helpful in startups’ journeys via its Google for Startups Accelerator Africa program. Google sets up $50M fund to invest in African startups.
Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.
million from GSX-listed transportation firm ComfortDelGro Corporation. In a statement, the company said that ComfortDelGro is the first strategic LP from Southeast Asia that invested on Shift4Good, which hit a first close of about $98 million for its debut fund in October 2022.
In 2017, we partnered with iconic leaders in American business to turn the thesis we developed on the road — that great companies can start and scale anywhere when given a chance — into an investment vehicle. In the last decade, we’ve socialized several Rise of the Rest-isms to describe investments that check those boxes.
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 holistic approach to electric transportation helps make Enderas vehicles some of the most reliable and cost-effective solutions.
Among Apple’s more recent social good initiatives is the Impact Accelerator, an effort launched about a year ago intended to find and elevate minority-owned small businesses taking on sustainability and climate change. Mosaic Global Transportation (Founder: Maurice H.
The support and knowledge of this investor group will catalyze BasiGo in its mission to make East Africa a leader in inclusive, sustainable bus transport,” he said. BasiGo plans to supply over 1,000 mass transit electric buses to transport operators in Nairobi over the next five years. Image Credits: BasiGo.
We named this summit after a report we wrote with Pitchbook at the end of 2021 to explore the impact of the pandemic on investment patterns. Roads, bridges, and transport will make or break a city’s ability to grow its startup ecosystem and talent pool. Infrastructure touches everything.
Register Gyeonggi-do is set to commence the pilot operation of its domestic public transportation service, the ‘Panta G Bus,’ which is fortified with self-driving technology, at Pangyo Techno Valley. Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet?
We are also continuing to invest in our route optimization software, which just helps districts get more efficient and greener,” Joanna McFarland, CEO and co-founder, told TechCrunch. “By By reducing overall fleet size, we play a significant role in the overall acceleration of the electrification of the entire yellow bus network.”. “By
Daimler’s trucks division has invested in lidar developer Luminar as part of a broader partnership to produce autonomous trucks capable of navigating highways without a human driver behind the wheel. Luminar will become a publicly traded company through its merger with Gores, which is expected to close in late 2020.
. “As Cruise and GM’s preferred cloud, we will apply the power of Azure to help them scale and make autonomous transportation mainstream.” ” The partnership extends to GM as well, according to Tuesday’s announcement.
South Korea’s largest accelerator program– the K-Startup Grand Challenge (KSGC) is the unique opportunity for global startups to enter the flourishing market of Asia. The 2023 edition of the accelerator, running from July 25 to November 10, will focus on deep tech startups.
Alongside lead investor Lotte Chemical and investment company KTB Network, General Motors’ corporate venture capital arm, GM Ventures, signed on as a strategic investor. ” Soelect is not the only battery company that the VC invested in recently. .
A number of startups and entrepreneurial initiatives working to address challenges in the transport sector have been approved for funding in round one of the Waka Kotahi Hoe ki angitū- Innovation Fund , with a second round of challenges now announced. The fund will run for two years, and its aim is to make transport greener and safer.
They are invested not only in their own endeavors, but want to see the community as a whole thrive and “are likely to remain in their community and be committed to philanthropy and community service,” according to the Grow Your Own guide. Distance and transportation. Broadband based tools are essential to maintaining our connections.”.
Other investors SBI Investment, Tokyu Land Corporation, Kushu Electric Power, Seika Corporation, JOIN (Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development) and exiting investor Venture Lab Investment also joined in the round. . million Series A in February 2021. . and Southeast Asia.
Register Bangladeshi transport-tech startup Shuttle now has a total of $2.5 million in investments after it raised $1.5 Other participants in the funding round were State-run VC fund Startup Bangladesh, investors from Bangladesh Angels Network (BAN), and existing backers, including Accelerating Asia. Username or Email Address.
The fund is commemorating its new identity by investing an additional $300 million in emerging technologies and carbon neutrality via two early-stage funds: the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund. . The Frontier Fund is a step outside of mobility.
The report, which included analysis from McKinsey & Company, says its assertions are backed by an acceleration in strong market fundamentals and the impact of the pandemic. million jobs due to Google’s $1 billion investment in the continent. The continent’s investment story. This is compared to 37%, 70% and 66% in the U.S.,
Parallel Systems also intends to use the new investment — which was led by Anthos Capital and includes investments from Congruent Ventures, Riot Ventures, Embark Ventures and others — to hire about 60 engineers, most of whom will deal with software, says Soule.
The Problem: Unreliable and Risky Airway Securing Methods Endotracheal (ET) tubes are used in a variety of medical situations, including critical care, emergency trauma, surgeries, and transport scenarios. This investment marks a transformative moment for Surgicure Technologies, said Irena King, CEO and Founder of Surgicure.
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 could in turn support further the deployment of EV charging infrastructure.
One, it usually implies that you’re going to start going cash flow negative to accelerate growth. Could you imagine trying to measure the equity of transportation by measuring the price of the car purchased? What are the characteristics of this product? Well, if you add it to your startup, it does a few things. That adds risk.
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.
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. The latest funding round that was led by global private equity platform, Lightrock, which is making its first investment in the African mobility space.
SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). SmartRyde announced today it has secured a $1.6 It will also use the funding for global expansion, Kimura said.
The transaction announced Tuesday is part of a complex deal that includes Uber investing $75 million into Joby and an expanded partnership between the two companies. The $75 million investment comes in addition to a previously undisclosed $50 million investment made as part of Joby’s Series C financing round in January 2020 , Uber said.
Chipmaking giant Nvidia is investing $10 million in Uber spinout Serve Robotics, funds the startup will use to further expand its sidewalk delivery robot service outside Los Angeles and San Francisco. If you think about it, on the street cars have a distinct set of actions – they change lanes, there’s braking and accelerating.
Mega investments aren’t uncommon at companies like WeRide developing the next-generation level 4 driving standard, which denotes that the car can handle the majority of driving situations independently without human intervention. The partners have already jointly developed a front-loaded driverless minibus for mass-production.
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.
stake in the three-year-old startup, whereas 42dot’s co-founder and chief executive Chang-Hyeon Song, who interestingly also leads the transportation-as-a-service (TaaS) team at Hyundai Motor, held a 36.19% stake as of December 2021, according to 42dot’s regulatory filing. Series A to accelerate its growth.
As the coronavirus pandemic challenges the world of transportation and mobility, the crisis is also offering opportunities for new technological solutions, from electric scooters to self-driving cars, according to some of the leading entrepreneurs in the sector. Manufacturers are increasing investment in such features, even in lower-end cars.
Supply chain disruptions — triggered by factors including demand surges, high transportation costs and pandemic-related lockdowns — are expected to continue well into next year, experts predict. “[The latest investment] is primarily going to be used for land-grab and expansion opportunities,” Komoni said.
In anticipation of rapidly growing demand for electric vehicles and alternative transportation solutions, the company is building partnerships with governments, investors, businesses, and transportation providers throughout Southeast Asia to offer green transportation and fleet management services to support the region’s transition to zero emission.
Along with the investment, Tracker Capital also acquired a majority stake in the company. The TILE system was onboard commercial spacecraft, one with Astra Digital and one with NanoAvionics, that went up on SpaceX’s Transporter-2 launch at the end of June.
Lee Partners (THL), with participation from Qualcomm Ventures, Volvo Group Venture Capital AB and Zebra Technologies, as well as existing investors Hyde Park Angels , August Capital, CEAS Investments, Hyde Park Venture Partners and Bain Capital Ventures, bringing total capital raised to over $200 million.
AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di San Paolo through Fondaco Growth, Cristina Stenbeck, Daniel Ek, IMAS Foundation, EIT InnoEnergy, Norrsken VC, PCS Holding, Scania and Stena Metall Finans also participated in the raise.
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.
The week’s top investment deals from OurCrowd. Green light for cleantech investment. Green light for cleantech investment. Annual investment in cleantech increased tenfold from about $400 million a year to peak at $4.3 4: Cybersecurity and Pandemic-Accelerated Digital Transformations. Introductions. Read more here.
The venture arm of Volvo Cars, an automaker long synonymous with safety, has invested in an optics and imaging startup developing technology that can be integrated into a car’s windshield or windows to deliver images to drivers and passengers. Image Credits: Tal Givoni for Spectralis (opens in a new window).
She has worked with companies from all sectors, including Transportation, Telecom, and Manufacturing companies to guide their Supply Chain and Inventory strategies. In this role, she actively mentors and nurtures the next generation of innovative leaders, ensuring that the spirit of entrepreneurship continues tothrive.
Plentywaka , a Nigerian bus-booking platform, today announced that it has been accepted into the Techstars Toronto accelerator program. It will join nine other startups in the class of 2021 and secure funding from the accelerator as it sets its sights on global expansion. It also opened a logistics service.
NASHVILLE— GoodShip , a collaborative cloud-based analytics and transportation procurement platform for shippers, announced a $5M seed round today. Human relationships are the most crucial links in any supply chain,” said Kristy Brutsman, Director at Armstrong Transport. The raise brings GoodShip’s total funding to $7.4M
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