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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.
Getting investors excited about your product is a critical part of raising capital. But founders are often so consumed with talking metrics, milestones achieved, or the capital they need that they sometimes forget to talk about their overarching vision for their startups. Don’t confuse "exit strategy" with your company’s vision.
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.
Other backers include Global Founders Capital and a number of high-profile angel investors, such as GGV Managing Partner Hans Tung, ALLVP Partner Antonia Rojas and LaHaus founders Jeronimo Uribe and Tomas Uribe, among others. They were brought back together by the pandemic to start the e-commerce enablement company.
To use natural gas as a transportation fuel, it must be compressed so that it has the same energy density as gasoline or diesel liquid fuel. The award money was dedicated to addressing the obstacles and barriers associated with adopting natural gas as a transportation fuel. They recently closed a $2.5M
If your US-based business is adversely affected by Covid-19 such that you would need to lay off employees imminently and having access to capital would enable you to keep more employees on the payroll then you might be eligible. The NVCA (National Venture Capital Association) Guidelines are below. Am I eligible for the PPP Loan?
The company recently secured funding in a Series A round, which was led by TRIVE Venture Capital , a Singapore-based firm specializing in early-stage high-growth technology companies. Charge+ holds an existing contract with the Singapore Land Transport Authority to supply approximately 4,000 EV charging points in housing estate car parks.
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.
Series A Round , which was led by High Alpha, and includes co-investors Grand Ventures, Springtime Ventures, Las Olas Venture Capital, Tech Square Ventures, and Royal Street Ventures. Paccurate’s platform helps shippers identify their ideal carton suite and enables them to pack orders efficiently.
Merritt Hummer is a partner at Bain Capital Ventures, where she invests in the fintech, e-commerce and proptech sectors. As a venture capital investor in B2B e-commerce companies, I’m carefully watching the industry and have seen several forward-thinking business models emerge for B2B marketplaces. Merritt Hummer. Contributor.
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.
As investors with capital to put to work, we have to have a ‘challenge accepted’ mindset.” While many think achieving that goal is unlikely, as investors with capital to put to work, we have to have a ‘challenge accepted’ mindset.” — Kristin “I look for tech opportunities that enable sustainable B2B change versus small lifestyle changes.
The funding round was led by Ortus Star, with participation from existing investors Cocoon Capital and YCAB Ventures and new investors, including Goldbell Investment, NP Consulting, Damson Capital, and several angel investors. TransTRACK is a technology enabler startup that focuses on digitizing fleet operations.
It’s about our own determination in making capitalism work for everybody.”. • “Please join the Race to Zero. Every business, city, investor, school, university and club is invited to join. It’s a race to net-zero. The technology is there. They would be competing to be not just best in the world, but best for the world.” .
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.
A step further would be to actually create a platform—a place for apps to not only play more deeply within your product with advanced functionality, but one with a marketplace that enables discovery of third-party tools and services. Transportation scheduling and booking, distribution of presentations, speaker and event ratings, etc.
The 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate, and Verdant Frontiers Fintech participated in the round. said Darshan Chandaria, CEO of Chandaria Capital. We want to do it in a very structured way and our technology is a great foundational layer to enable us to build other products.”.
Vehicle networks to drive down cost and complexity while improving power efficiency in next-generation architectures Capital continues to flow to technologies that are driving the future of the automotive industry, as seen in the recent announcement made by startup Ethernovia, Inc. having recently completed a $64 million A-round.
Ari understands how to transform the experience of public spaces and enable brands to reach consumers more efficiently and effectively. We’re co-leading Place Exchange’s $20M Series A with Ted Maidenberg at Tribe Capital. Prior to that, he was President and COO of MediaMath, a leading programmatic ad-tech platform.
The public transport sector in Kenya is largely traditional and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. Others do not have provisions for seat reservation.
Today, Cairo-based B2B e-commerce startup Capiter continues that trend by raising a $33 million Series A round. The investment was co-led by Quona Capital and MSA Capital. Capiter was launched in July 2020 by Mahmoud Nouh and Ahmed Nouh. Then for merchants, Capiter attends to three problems. The Capiter app.
Second place of $4,500 went to Workforce Consolidation Solutions , founded by Ronnie Tillman-Hill and Alex Steele (Dauphin County): Providing eco-friendly employee transportation solutions, WCS optimizes routes and reduces commute times, enhancing employee experience and workforce management.
Construct Capital co-founders and general partners Dayna Grayson and Rachel Holt continue to dive into innovation that some investors may not think is so sexy, but actually runs behind the scenes so that our food gets to grocery stores every week and our packages arrive when they say they will.
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.
a startup that enables on-demand repair of electric vehicle charging stations. Will Venture Capital Drive the Future of Mobility? But the auto giant’s push to electrify passenger vehicles is just one of many efforts to be a leader in innovation and the future of transportation.
Ugandan technology-enabled asset finance company Tugende today announced that it has closed $3.6 Enza Capital participated, alongside some unnamed angel investors. Between 2006 and 2010, CEO Wilkerson, then a journalist and researcher, spent a great deal of time using motorcycles ( Boda bodas ) for quick and flexible transport.
’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.
HPA is excited to announce our investment in Fuel Me ’s $18M Series A Round , which was co-led by Pritzker Group Venture Capital and Tribeca Venture Partners and includes co-investors Bessemer Venture Partners, Interplay Venture Capital, and FJ Labs. and global energy markets,” said Carlo Passacantando, Founder and CEO.
million funding round led by an investment from First Trust Capital Partners with participation from FCA Venture Partners, Create Health Ventures, Impact Engine, 450 Ventures, LDH Ventures II/Launchpad Digital Health, MassMutual Ventures, Capstar Partners and Wanxiang Healthcare Investments.
This collaborative program also includes prominent VC organizations like Kleiner Perkins, Salesforce Ventures and Initialized Capital to develop lasting mentorships with the TC Include founder cohort. We joined forces with Black Female Founders , and they nominated an impressive posse of early-stage startup founders. Go Together, Inc. :
The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital.
Austin’s venture capital scene has been hot for years now, but a pair of local investment firms just closed on new funds aimed at injecting more capital into startups in Austin and elsewhere. What is different is that with a larger fund, they can deploy the capital faster than in previous funds, Plauche said.
As transactions involving consumer data become increasingly digital, the need for secure identity authentication is becoming critically important in industries such as financial services, transportation, retail, and entertainment.
The Station is a weekly newsletter dedicated to all things transportation. Transportation editor Kirsten Korosec was out for a few days this week, so I (Rebecca Bellan) am here to give you all the important future of transportation news that happened this week. But first! You also can follow me on Twitter — @rebeccabellan.
VCs include WndrCo, DN Capital, Kismet Capital, Spike Ventures, Quiet Capital, Endeavor Catalyst, FJ Labs, VentureSouq, Nellore Capital and Moving Capital. The company started with ride-hailing services because the cities it targeted had dense populations and inefficient transportation services.
per the 2020 report of the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). Sumutasu says its platform enables users to access a fair house valuation in an hour. . and the U.K., The company is partnered with more than 20 banks and remodeling companies. . Japan Finance Corporation led the debt financing.
Before this program, I had the desire to pursue venture capital funding but lacked the clarity on what steps to take. The knowledge and insights gained from these sessions felt like I was unlocking the cheat code to the entire venture capital ecosystem.” The Bridge2 Program has been fundamental to the next phase of my business.
They make money off of equity and stock option gains, as well as investment partnership interests that are taxed at lower capital gains rates. That early purchase enabled me to save enough to buy something more suitable to grow a family in 14 years later, which isn’t surprising.
But getting real-time access to information from transportation providers has remained somewhat elusive for shippers and logistics companies alike. . And now, project44 announced it has raised $202 million in a Series E funding round led by Goldman Sachs Asset Management and Emergence Capital. Enter project44.
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.
-based online university platform Nexford University has raised $8 million in a Series A round co-led by New Markets Venture Partners and Learn Capital, two prominent edtech venture capital firms in the U.S. The tech-enabled startup, launched by Fadl Al Tarzi in 2019, is filling affordability and relevance gaps in education.
The transaction will enable the combined entity to retain net proceeds of up to $428 million of cash, according to Switchback, which brings $316 million cash-in-trust to the table. ” Special purpose acquisition companies, or SPACs, have become a popular route for going public amongst transportation startups. .
The Boston-based startup built a platform, which provides tech-enabled caregiver support through employers and health plans. Previous backers, including Slow, Founder Collective, Indicator Venture, Entrée Capital and CueBall also made follow-on investments in the round. The fresh capital, which gives ianacare a total of $16.7
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