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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.
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. That figure wasn’t disputed, nor confirmed, though.).
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.
Consequently, the Bay Area experienced a surge, capturing over one-third of all early-stage venture funding in the U.S., Roads, bridges, and transport will make or break a city’s ability to grow its startup ecosystem and talent pool. marking its highest level since 2017. Seed- and Early-Stage U.S, Infrastructure touches everything.
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
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.
So we asked Revolution Growth Partner, Kristin Gunther , Revolution Ventures Partner, Clara Sieg , and Rise of the Rest Principal, Mahati Sridhar , for their thoughts on the current and future state of climate innovation. What does investing in our planet mean to you as a venture capitalist vs. as a consumer?
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 venture capital fund in Brooklyn-- Brooklyn Bridge Ventures --and invested in four Brooklyn based companies. 10 Jay Street.
Since InMotion Ventures , the independent investment and incubation initiative set up by Jaguar Land Rover , launched in 2016 the firm has focused on backing companies across the mobility space broadly. Sustainable supply chains aren’t the only priorities Peck laid out in a recent interview with TechCrunch.
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.
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. . Can solid state batteries power up for the next generation of EVs?
Venture Capital is a tricky industry. Internally at Upfront Ventures we talk about “high consensus” vs. controversial deals with “high conviction.” As Venture Capitalists we take some near-term bets and some higher beta deals with more risk and more upside if they work. Far from it.
m , a startup that provides optimized transportation services for school-age children, has announced the close of a $130 million Series D raise, bringing its total funding to more than $200 million. m was awarded a $150 million contract to modernize the San Francisco Unified School District (SFUSD) transportation service.
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. Adhesive tape or makeshift securing devices have been used to secure these tubes—which are far from optimal.
Research included in the report demonstrates that “regions and local economies with strong entrepreneurship bases achieve faster and more sustainable economic growth.”. Distance and transportation. Targeted initiatives: Rural Entrepreneurship Venture. Tell them that SourceLink sent you!
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.
million in pre-Series A funding led by Jungle Ventures. Its new funding is the first time Jungle Ventures has invested in the mobility sector and included participation from Wavemaker Partners, Hustle Fund and iSeed Ventures. Giving EV batteries a second life for sustainability and profit.
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. Brands and 3PLs are saving up to 15% on transportation costs and reducing their carbon footprints.
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. since December 2020, as per its statement.
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.”
The round was led by Forge Ventures , and also saw participation from DS/X Ventures, Sketchnote Partners, Prasetia Ventures, and other notable regional and global angel investors. in Forge Ventures-led pre-Seed funding first appeared on AsiaTechDaily - Asia's Leading Tech and Startup Media Platform. in pre-seed funding.
The round was led by Novastar Ventures, with participation from a number of existing and new Silicon Valley investors, including Moxxie Ventures, Nimble Partners, Spring Ventures, Climate Capital and Third Derivative. It has also imported two electric buses for the pilot program. Image Credits: BasiGo.
Sustainability is at the core of everything we do, and we work hard to lower our emissions across the board. That’s just scratching the surface of the money that’s pouring in to autonomous, electrified transport. No wonder venture investors are falling all over each other to invest in these companies.
One of those companies, Oakland-based Mighty Buildings , just raised $40 million in Series B funding for its quest to create homes that it says are “beautiful, sustainable and affordable” using 3D printing, robotics and automation. than transportation or industry,” he said.
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. Headquartered in Singapore, Transport Capital’s core expertise is in Real Assets and Private Capital Markets.
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. That’s where government, national labs, universities, angel investors and venture capital come in.
The deal could pave the way for a new business that would offer carbon capture and sequestration services to commercial enterprises around the world, if the joint venture between Climeworks and the newly formed Northern Lights company is successful. Corporate sustainability initiatives may open doors for carbon offset startups.
Additional investment came from Iris Capital, with strong participation from current investors, including Rider Global, Northzone, Cherry Ventures and the Italian venture fund H14. It also displays an emissions rating for possible transport options, allowing companies to track carbon emissions.
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.
Electric vehicle startup BasiGo has today announced the launch of its operations in Nairobi, bringing clean energy options to Kenya’s public transport industry, currently dominated by fossil-fuel buses. . BasiGo’s COO, Alex Mwaura, said they will tap the country’s renewable energy resource to fuel public transportation. .
Hunt Transport. Working with co-founder Ryan Matthews, the former director of technology for the Austin-based high-end retailer Kendra Scott, Richter has set up a business that can tap into both the demand for better customer service for the return of large items and the growing call for greater sustainability in the furniture industry.
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. Giving EV batteries a second life for sustainability and profit.
How can we reinvent packaging for a more sustainable and better future? As a curious company with a constant drive to enable people to live a better everyday life within the limits of the planet , they are also invested in making packaging alternatives more sustainable and safer – to both people and our planet. Pitch to IKEA.
Rather than raising venture capital and scaling quickly, the company does business the old-fashioned way: Proving the model works in one market before moving to the next. After some market research, Xie and her co-founder, Yanke (Edwin) Tan, a bike engineer, discovered the gap in last-mile transportation in the United States.
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.
The program has two distinct courses: The “Train” Track: Tailored for entrepreneurs prepared to launch with viable business plans, this track involves a 3-month venture-building program where participants receive a monthly stipend of $1,500 SGD.
She initially thought she’d focus on transportation, but her mind kept returning to consumer consumption habits and the potential to reduce CO2 emissions by targeting consumer behavior. After scoring a job at the development firm Dalberg, then working in India and Ethiopia, Pal returned to the U.S. What the company does have now is $2.5
The investment came from the Bill Gates-backed Breakthrough Energy Ventures and the Ecosystem Integrity Fund , which led the company’s latest round, alongside previous investors Amazon Climate Pledge Fund, Horizons Ventures , Shell Ventures and Summa Equity. million cash infusion. million grant from the U.K.
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.
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 venture capital firm Neo. The company is launching with 60 employees with headquarters in San Francisco and offices in Los Angeles and Vancouver, Canada. Image Credits: Serve Robotics.
As to the challenges that he faced in starting and sustaining a business , Lethlean admits these obstacles provided important lessons. He acknowledges that he still has a long way to go to expand his ventures internationally, which is one reason he joined EO Melbourne. Here are six lessons from his journey as a business owner.
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.
Lyft, Redwood Materials partner to recycle shared e-bike and e-scooter batteries “The goal of this fundraising was to accelerate the industrialization of our sustainable recycling process, which has been developed over years of research. For this round, 10x Founders also joined. “This will enable true green and circular mobility.”
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