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million from GSX-listed transportation firm ComfortDelGro Corporation. In all, Shift4Good hopes to raise 300 million Euros for this venture fund as the company eyes to deploy into early-stage startups that are decarbonising the transportation industry in Europe and Southeast Asia.
When these three elements are in harmony, a startup is not only better positioned for success but also more likely to attract investment, secure partnerships, and achieve sustainable growth. Interstate System : Atlanta is a nexus for major interstates like I-20, I-75, and I-85, allowing for efficient road transport.
The company is driving change in the industry through the open sourcing of materials for others to benefit, and in doing so, is becoming the industry’s standard bearer on sustainability practices. Sustainable companies are most likely to lead the next generation. The fashion industry alone dumps 2.1
Roads, bridges, and transport will make or break a city’s ability to grow its startup ecosystem and talent pool. There’s a cottage industry of folks figuring out how to stack tax credits from the inflation Reduction Act to accelerate sustainable initiatives. Infrastructure touches everything.
The firm has an Amsterdam, Copenhagen and Tel Aviv presence, and now has a $160 million sack of funds to deploy across its focus areas: sustainability and technological innovation in the construction, real estate and manufacturing industries. Sebastian Peck and Talia Rafaeli are heading up the new sustainability fund for Kompas.
Anyone who was doing something new and cutting edge should feel connected to each other--whether or not they are building a venture backed startup. It's even more relevant now that I've started the first venturecapital fund in Brooklyn-- Brooklyn Bridge Ventures --and invested in four Brooklyn based companies.
VentureCapital is a tricky industry. Similarly we backed another great team out of MIT called GroveLabs that is building a company to allow you to grow fresh vegetables, herbs and some fruits in your kitchen with no pesticides, no transportation and greatly reduced water consumption. Far from it.
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.
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. It is another milestone in our journey to make mobility safe, affordable, accessible, and sustainable by deploying high-performance technologies and operators.
Series A Round , which was led by High Alpha, and includes co-investors Grand Ventures, Springtime Ventures, Las Olas VentureCapital, Tech Square Ventures, and Royal Street Ventures. Brands and 3PLs are saving up to 15% on transportation costs and reducing their carbon footprints.
Its 15 active investments run the gamut from autonomous vehicles, to car insurance tech, to ride-sharing, and travel planning, but increasingly the firm is focusing its efforts on vehicle electrification and sustainable supply chains. “We have looked at a number of companies who are developing new battery chemistries.
Alongside lead investor Lotte Chemical and investment company KTB Network, General Motors’ corporate venturecapital arm, GM Ventures, signed on as a strategic investor. ” Soelect is not the only battery company that the VC invested in recently. Can solid state batteries power up for the next generation of EVs?
Northern Lights was incorporated in March as a joint venture between Equinor, Shell and Total to provide processing, transportation and underground sequestration services for captured carbon dioxide emissions. Corporate sustainability initiatives may open doors for carbon offset startups.
Companies like electric scooter providers Lime and Bird have raised tons of capital to change how the urban population gets around, but that growth has come at the cost of a bottom line still in the red. So it’s striking to see electric scooter company Veo take a different approach to the business.
This grant is crucial in supporting the early-stage development and commercialization of proprietary technology solutions, encouraging innovation and sustainable business models. This investment is directed toward seeding corporate venturecapital (VC) funds that, in turn, invest in Singapore-based early-stage high-tech companies.
Over the years, many of Revolution’s investments such as Zipcar, Sweetgreen, and Optoro have experienced explosive growth brought about by their ability to develop sustainable alternatives to problems consumers and businesses were facing in sectors like transportation, food, and e-commerce.
The following interview, part of an ongoing series with founders who are building transportation companies, has been edited for length and clarity. I mean, the heavy freight transport industry stands for between 7% to 8% of global CO2 emissions, and the engines that I helped to produce contribute roughly 1% of global CO2 emissions.
Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and piloted by Postmates X, has raised seed funding in a round led by venturecapital firm Neo. TechCrunch reported in January that a deal was being shopped to investors. Image Credits: Serve Robotics.
As a greater share of the transportation market becomes electrified, companies have started to grapple with how to dispose of the thousands of tons of used electric vehicle batteries that are expected to come off the roads by the end of the decade. “So Giving EV batteries a second life for sustainability and profit.
Things like carbon nanotubes and fiber optic cables, organs and novel materials are all potential targets for a space manufacturing company, because they can conceivably justify the high cost of material transportation. Varda is the sort of big swing ambition venturecapital was invented for.”
Moreover, both companies plan to deploy joint renewable energy infrastructure for sustainable mobility endeavors. Through this fruitful partnership, Gentari and BMW are exploring various possibilities to advance the adoption of EVs in Malaysia , facilitating convenient and eco-friendly transportation options for consumers.
Atarraya , creator of Shrimpbox, a sustainable “plug-and-play” shrimp farming technology, is swimming to the surface after being in stealth mode since 2019. We wanted to make the shrimp business more sustainable and more efficient without destroying the environment,” Russek said. “We million in Series A dollars, and a new U.S.
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 venturecapital investors to accelerate its growth. “We’ve built a platform that enables hyperlocal measurement.
The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation. Swvl was founded by Mostafa Kandil , Mahmoud Nouh and Ahmed Sabbah in 2017. Swvl offerings have expanded beyond bus-hailing services, though.
Mobility 54 Investment SAS, a corporate venturecapital subsidiary of Toyota Tsusho Corporation and CFAO group, DOB Equity and InfraCo Africa have invested $3.4 We look forward to continuing to serve our customers and making sustainable mobility a reality in Uganda,” he said.
The Station is a weekly newsletter dedicated to all things transportation. The fourth round of the Transit Tech Lab has launched and is looking for technologists to submit ideas on ways to restore customer confidence in public transportation, improve resilience to weather extremes, and further reduce the region’s carbon footprint.
We cover a lot of venturecapital, naturally, but we have also been covering the rise of alternative fundraising over the years, including revenue-based investing, crowdfunding, social and beyond. But the hopes of today, from personal well-being to the prosperity of cities to a sustainable planet, often feel out of reach.
Register TransportCapital , a globally-recognised investment management and advisory firm focused on the maritime and aviation industries, has launched its new venturecapital arm named TC Ventures. Headquartered in Singapore, TransportCapital’s core expertise is in Real Assets and Private Capital Markets.
Today, Alex Wilhelm says both transportation platforms plan to reach adjusted profitability by Q4 2021. How do you sustainably scale a company that probably doesn’t have revenue and isn’t likely to for the foreseeable future? Oscar Health’s IPO filing will test the venture-backed insurance model.
This results in operational cost reduction by eliminating the need to replace their existing fleet and yields a safer, more efficient and sustainabletransportation system,” CEO Raghavender Sahdev tells TechCrunch. The Hurd Co. Image Credits: The Hurd Co. The Hurd Co.’s
-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 venturecapital firms in the U.S. that have invested in Pathstream, Udemy and Coursera. The West African country is the only market where the U.S.-based
Around 7,000 tech workers have joined the ranks of the Armed Forces or Territorial Defense Only last month, OneUkraine sprang up from a host of major European tech founders and investors, who plan to provide sustainable humanitarian relief for the Ukrainian people. Finmap A cash flow management service for businesses. It raised €2.5
As far as putting that money to use, Systemiq says it is out to fund founders who are focused on making large industries and cities “more efficient and sustainable.” ” In practice, it’ll fund key areas like regenerative land use, oceans, transportation and the circular economy.
Goldman Sach’s VP of venturecapital and growth equity Jade Mandel has joined MotoRefi’s board. Bennett believes the company is now in self-sustaining position. “Thankfully, we moved beyond the world where we are raising capital and then raising more capital as we run out of capital,” he said.
Electrification is a global trend in transportation, power generation, and elsewhere. I don’t know if this is true for all industries, but I think creating more sustainable solutions is something that we see consumer demand for as well. What do you think the next big trend is in this space, and why?
Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures , the venturecapital arm of Saudi Aramco , marking the VC firm’s first investment in Asia.
Turno’s recent funding round was co-led by global venturecapital firms B Capital and Quona Capital and was participated by existing investors Stellaris Venture Partners and Avaana Capital and new investors Alteria Capital and InnoVen Capital.
For example, Veev uses Light Gauge Steel (LGS) framing and High Performance Surface (HPS), which the company says “are lighter, stronger, and more sustainable than wood and drywall and with near zero waste.” The company’s 2022 goal is to further reduce a Veev home’s carbon footprint by an additional 25%. .
Sustainable travel at the forefront. Transportation reporter Rebecca Bellan interviewed Tortoise co-founder Dmitry Shevelenko about his company’s transition “from using a hardware-as-a-service model to a take-rate scheme that gives it 10% of any sales made from its card payment-enabled bots.”. Mainstream attention is increasing.
OurCrowd portfolio company IntellAct offers a glimmer of hope to help the hard-pressed transportation industry cut costs as it grapples with financial challenges exacerbated by the pandemic. This $100M round is co-led by two strategic investors: a leading vehicle systems supplier and a leading global investment fund. Learn More. .
Alena Hloba, community manager, RST Ventures for Earth. We are excited by environmental and sustainability sector, which we invest in. It will develop more in the direction of sustainability (at least, we believe so). Good public transportation, small city and cheap apartments were all good reasons to buy your own flat.
Before fintechs became the standouts of the African tech ecosystem, it was startups in the online logistics and transport space in Africa linking on-demand apps to move people and goods around the continent that was all the rave. He also detailed how the company faced them and its current state of stable growth and sustainability.
million) on the back of strong demand for its tech from companies working in transportation and energy infrastructure. Previous backers Dieter von Holtzbrinck Ventures (DvH Ventures), Helen Ventures, Matterwave, and motu ventures, and new backers Segenia Capital and Hannover Digital Investments (HDInv), are also participating. “We
The Station is a weekly newsletter dedicated to all things transportation. million in pre-seed and seed funding round led by Augment Ventures with participation by Accion Venture Lab, TMV, Overton VentureCapital and Refashiond Ventures. Subscribe for free. We have a lot to cover so let’s jump in.
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