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Global supply chain issues, increased transportation costs and shipping delays are an ongoing post-pandemic problem. Our small business has absolutely been impacted by higher transportation costs and shipping delays. Developed dual suppliers for critical items where we were previously dependent on a single supplier.
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. The company designs and manufactures the vehicles, develops the proprietary powertrain technology, and offers fleet management softwareall under one roof.
During my tenure with the local University I worked with economic developers all across Iowa, from Sioux City to Davenport and a great many small but mighty communities in-between: Grinnell, Parkersburg, Webster City and Lamoni to name a few. Entrepreneurial development in rural areas is needed now more than ever.
Bolt , an Uber competitor that is building an international on-demand network of services to transport people, food and other items in cars, scooters and bikes across Europe and Africa, has picked up some strategic funding today to continue expanding its business in emerging markets. billion, based on a 1.5x multiple on GMV of €3.5
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. Interstate System : Atlanta is a nexus for major interstates like I-20, I-75, and I-85, allowing for efficient road transport.
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?
In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and ( most recently ) on bikes across developed and emerging markets in EMEA is announcing a major round of funding. billion ($4.3 billion). .
At the centure of this quirky building that houses an advertising school , a yoga studio , and video production companies is Studiomates --"a collaborative workspace of designers, illustrators, bloggers, writers, and developers" run by Tina Eisenberg --perhaps better known as Swiss Miss. 55 Washington Street. Domino Sugar Factory.
The post [Virgin Hyperloop One in Intelligent Transport] Industry stakeholders sign agreement to support the development of hyperloop in Europe appeared first on OurCrowd Blog. Read more here.
m, a startup that wants to upgrade student transportation, a five-year $150 million contract to modernize its transport service throughout the district. m’s transportation solution for SFUSD is expected to save the district $3 million per year on average, based on the cost of the incumbent’s solution. m told TechCrunch.
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.
Latest funding supports next phase of flight-redefining growth Possibly we are in an era of grand visions, not just big dreams. 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.
While that seems like common sense, most communities around the world don’t have tools that can monitor emissions and pollutants at the granular levels they need to develop plans that can address these pollutants. Together, we can accelerate Aclima’s ability to support customers in taking decisive and data-driven climate action.”.
The accelerator program has supported more than 80 startups in seed to Series A stages with equity-free mentorship and resources. This vital industry is the lifeblood of Africa’s cities and powers economic development. He made this known at the Google for Africa event in October.
Register Gitai, a Tokyo-based startup, has recently closed a 4 billion yen funding round to accelerate the development of its remotely-controlled robots for space exploration. The company aims to address the challenges and risks associated with human labor in space by developing advanced robotics technology.
Her experience working alongside frontline healthcare professionals inspired her to develop the Horseshoe , a device that directly addresses the challenges of securing breathing tubes safely and effectively. Adhesive tape or makeshift securing devices have been used to secure these tubes—which are far from optimal.
This proximity allows for more accessible communication, collaboration, and quicker response times, which can be especially advantageous in industries that require real-time decision-making or support. Amidst the strained relations between the United States and China, Mexico emerges as an attractive option for American businesses.
I enlisted in the Hawaii Air National Guard right after graduating high school and served for 20 years as a Cyber Transport Systems Technician. I had the support of other business owners in the community who encouraged me to leave. Here’s what she shared: Tell us about your entrepreneurial journey. .
WeRide, one of China’s most-funded startups developing autonomous driving capabilities, said on Wednesday that it has raised a $200 million strategic round from Chinese bus maker Yutong. The partners have already jointly developed a front-loaded driverless minibus for mass-production.
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.”
More often than not, SMEs face difficulties obtaining the necessary financing support due to prolonged waiting time or a lack of collateral. As a result, determining appropriate loan amounts for rural farmers becomes a challenge, and also impedes the progress of agricultural development. According to Hao Jiang, 1.5
I’ve spent the last four years starting a market entry business consulting company from scratch in the young and developing Southeast Asian market of Vietnam. Outside of traditional manufacturing, the IT and software development sector tends to operate under a similar model.
The initiative signaled Mosti’s plans to support innovation and technological advancement within Malaysia, particularly in nurturing startups. To encourage greater EV usage, the government plans to establish 10,000 charging stations by 2025, aligning with the broader global push towards sustainable transportation solutions.
Register Taiwan-based WeMo Corp , a pioneer in urban mobility technologies , today announced raising $15 million in its Series A+ funding round led by AppWorks , with participation from Taiwan National Development Fund. Revenue has returned to pre-pandemic levels, recording double-digit growth.
The automotive startup is developing data transport and acceleration technology for automobile networks that support autonomous driving and electrical vehicles (EV). We take great pride in developing the cutting-edge network architecture to power the car of the future. having recently completed a $64 million A-round.
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.
When starting in Nigeria, most two-wheel ride-hailing startups begin from Lagos, the nation’s hotbed of commerce and transport. The latter is known for endorsing NURTW , a transport group known to legally extort riders daily or weekly in the city. These startups, like SafeBoda, are heavily backed by U.S., Image Credits: SafeBoda.
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.
Many people in emerging markets depend on informal public transport to move across cities. Google, Toyota Tsusho invest in WhereIsMyTransport to map transport in emerging cities. As a mobility startup, WhereIsMyTransport maps formal and informal public transport networks. Devin de Vries (CEO WhereIsMyTransport). .
The new hub in Singapore will address business and sustainability challenges in sectors such as supply chains, logistics, transport, and energy, in vibrant and fast-growing Asian markets. The ZEBOX Asia Pacific hub has the support of Enterprise Singapore and the Maritime Port Authority of Singapore (MPA).
“Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development,” said Terra Drone CEO and founder Toru Tokushige , who is also serving as the CEO of Terra Motors, which develops electric vehicles. and Southeast Asia. Terra Drone’s uncrewed traffic management. “We
This initiative is part of the ‘2023 Drone Demonstration City Project’ run by the Ministry of Land, Infrastructure and Transport, selected by Seongnam City. The 2nd Pangyo Techno Valley inaugurated its Business Growth Center with the vision to cultivate nascent drone developers.
Topics range from accessible product design and fighting algorithmic bias to the justice system, workplace organizing and support for underrepresented founders — and that’s just for starters. Tune in to presentations, panel discussions, breakout sessions and interactive Q&As with key tech leaders. Founded by Denise Umubyeyi.
However, as she began working and learning about the local transportation needs of Detroit’s residents, Robinson recognized the opportunity to not only make a difference in the mobility sector, but to also be involved in a meaningful way in making positive change in her newfound community.
“During a tough time in the market, we are ready to support the very best early and growth stage consumer tech startups with $1 billion of fresh capital. We appreciate the support and trust placed in us by our Limited Partners,” Chi-Hua Chien, Co-Founder & Managing Partner, stated in a recent release.
Co-founder and CEO Khaled Naim said that the new capital will be put toward product development, expanding Onfleet’s product and engineering capabilities, and enhancing the company’s enterprise offering. It’s then when he, Cavia, and Vetrano decided to expand their vision to develop a delivery management platform: Onfleet.
The funds will go toward scaling the team and supporting its first aircraft certification program — working toward commercial cargo operations. They have been experimenting and developing using a Cessna 172, which started flying unmanned flights a couple of years ago.
So what do we do about it, and how do we allocate our money, time and brainpower to develop solutions? While technological progress has been on an encouraging trajectory in energy and in transportation thus far, we are nowhere near done, especially in real estate and critical infrastructure. We will support you.
Over the past decade, some of the biggest names in the tech, VC, automotive and aerospace industries have poured millions of dollars into developing electric vertical take-off and landing (eVTOL) aircraft. What role should it play — in existing cities and when designing future urban transportation systems?
But the market might soon change as innovative products that run on micropayment or pay-per-use frameworks emerge under the support of institutions like the U.K.-funded And we’re excited to support the development of similar programs like this across the region,” Massingham said. cents) a day.
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.
Bolt’s Africa regional director, Paddy Partridge, told TechCrunch that the ride-hailing firm has experienced a spike in on-demand transportation services, and that the current drivers — especially in Ghana and Nigeria where “there’s a real shortage of cars” — are not enough to meet this growth. Image Credits: Bolt.
Like the EO members who are making an #EOImpact in their support of United Nation’s Sustainable Development Goals (SDGs) , Alice believes that business leaders are in a position to solve the greatest problems facing our world today: climate change, resource scarcity and social dynamism.
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.
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