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Since announcing the Han L, BYD's market value has skyrocketed. In just one day, BYD's valuation surpassed Ford, General Motors, and Volkswagen combined a first for the company, and a major boon for the Chinese automotive industry. million EVs to the rest of the world 50 percent more than the next highest exporter, Germany.
When the brand did similar limited-edition vintage drops in Germany, South Korea, and Japan, they sold out within minutes or hours. Over the last five years, as the fashion industry has tried to become more sustainable, many brands have started buying back old products and re-selling them to their customers.
Snoop Dogg, rocked the stage at Sunday’s Super Bowl, and now his Casa Verde Capital team is pumping new funds into Frankfurt-based Cansativa Group , touted as the “largest medical cannabis distributor” in Germany. It also distributes equipment and ancillaries to pharmacy customers throughout Germany. to the table,” Sons said.
Autonomous and electric truck maker Einride is rolling into Germany, representing its first new market in Europe outside its native Sweden. This will also require a purpose-built charging grid, which Einride said it will create along Germany’s most important commercial routes and neighboring trade regions.
Volkswagen will start testing its new autonomous vehicles in Germany this summer, the company announced Wednesday. The aim is to launch a commercial delivery and micro-transit service in Germany by 2025. Customers, on the one hand side, expect ride-pooling to be as easy, convenient, and reliable as riding their own car.
Volkswagen’s ID 4, the automaker’s first electric SUV, has entered into series production in Saxony, Germany, the company announced this week. The first photos of the ID 4 leaked from China’s Ministry of Industry and Information Technology earlier this summer.). Image: VWIDtalk.
Today it announced it expanded into Germany and raised a drawer-full of cash to expand its marketing and to reach into additional European countries. ” “Ikea — just like the furniture industry in general — it tries to portray itself as sustainable, but most furniture is never recycled.
TISAX is a data security standard created by the European Automotive Manufacturer Association (ENX) to ensure a uniform information and data security standard in the automotive manufacturing industry through a compliance certification framework for SaaS providers operating in this market.
TISAX is a data security standard created by the European Automotive Manufacturer Association (ENX) to ensure a uniform information and data security standard in the automotive manufacturing industry through a compliance certification framework for SaaS providers operating in this market.
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. market, says Ed Kim, chief analyst at AutoPacific. Last year, BYD delivered more than 3.8
Back in 2021, the tech industry was booming. A seemingly endless wave of mass layoffs is ravaging the tech industry as startup fails skyrocket and tech giants shovel their operating budgets into the AI furnace. Many, like former Indeed managing engineer Daelynn Moyer, are considering leaving the industry altogether.
in Ehningen, Germany. In December, the company announced the launch of Lambda Inference API, which claims to be the lowest-cost service of its kind on the market, allowing enterprise customers to deploy AI models and applications for end users without having to procure compute power themselves. billion in 2024 to $54.7
Sennder , a large digital road freight forwarder based out of Germany, has raised $160 million in Series D financing. So far it has concentrated on the lucrative European market. The European logistics and freight sector has a market size of $427 billion. The whole digital freight forwarding market is booming.
Germany’s government created quite a buzz when it announced that recreational cannabis would be legalized during the current term. Another important data point that connects both regions: the black market is a competitive factor. Investments and M&A in the sector are also being spurred by Germany’s promised legislation.
Munch-based climate tech startup Tanso , which sells software to help industrial manufacturers carry out sustainability reporting and carbon accounting, has banked €6.5 “The majority in industries such as automotive, machine manufacturing, and steel production,” she adds. million in early stage growth funding.
“Customers expect an e-commerce experience and the car industry is the largest retail market in the world with the lowest e-commerce penetration rate of all markets,” a spokesperson for Finn told TechCrunch. and Germany and invest in its technology platform. Finn only launched in the U.S.
Hepster , an insurtech platform from Germany, has raised $10 million in a Series A funding round led by Element Ventures. The German insurance market is famously slow at adopting new practices, and Hepster is part of a new wave of insurtech startups in the country taking advantage of this.
Munich-based AM Ventures just closed a $100 million fund focusing specifically on the early growth stages of industrial and commercial 3D printing applications. TechCrunch (TC): 3D printing seems a bit niche — why focus your entire venture fund on that industry? We come from engineering or from the industrial 3d printing domain.
We operate in Europe and we are the industry leader in online sales,” co-founder and co-CEO Philippe de Chanville told me. So why did the company raise given that it’s already in a strong position to replicate the same model in other European markets? Recommendations and advice will be key to gain market shares. billion ($1.42
Seven venture capital firms participated in the latest round: DS Asset Management, Industrial Bank of Korea, Hanwha Investment & Securities, S&S Investment, Toss investment, Korea Asset Investment & Securities and Venture Field. Among all the directions and industries, our focuses are [mainly] smart city and autonomous driving.”
You’d think that an industry like manufacturing had its own software stack, but in a lot of cases, a huge amount of getting-things-made is managed through Excel spreadsheets. This is a particularly felt issue in Germany, where 19% of the Country’s GDP comes from manufacturing.”
The seed round, which Pop Market claims is the country’s largest seed raise to date, was led by Global Founders Capital and 468 Capital. Squeezing that gap by delivering a slicker grocery service to Greeks — fulfilled through its own network of city center dark stores — is Pop Market’s first focus.
To date, Wefox said it has built a network of around 3,000 independent brokers in its native Germany, while in other markets such as Switzerland, Germany and Austria, it has trained its own brokers. Moreover, this also allows Wefox to enter new markets more quickly. ” Customer acquisition. Image Cfredits: Wefox.
Amazon is adding its next high-profile celebrity voice option for its Alexa digital assistant, this time an exclusive for the India market. India is a key growth market for Amazon outside the US, as the e-commerce platform is most popular in Germany and other European countries at the moment. billion people.
It’s consolidation time in the freelancer marketplace industry. French startup Malt is acquiring Comatch , a competing marketplace focused on consultants and industry experts. Comatch originally started in Germany, which means that Malt is also doubling down on the German market with this acquisition.
But in Germany, B2B Payments company Mondu has emerged as a significant entrant to the market. which is bigger than the global consumer BNPL market.”. Since October 2021, Mondu has signed merchant customers across industries such as beauty, cleaning and manufacturing. Mondu will have to expand quickly. has raised $5.6
Many of them consistently draw larger audiences on Audiomack than on Spotify or Apple Music , largely due to the platforms strong presence in local markets. Audiomack grew steadily in Western markets, but never really broke through against its much bigger competitors. We’re No. 1 on iOS and Android in Nigeria and Ghana.
There is no more blaming or cutting corners because the system validates that and also makes construction a healthier industry to work in.”. Buildots went after new funding once it was able to show product market fit and was expanding into other countries. Germany, Switzerland, Scandinavia and China.
While the tech industry has been focused for several years on whether or not Apple might produce a vehicle , Sony already showed us a working prototype packed full of its technology, and now it’s going a step further. in the spring of 2022, through which the company intends to explore entry into the EV market.
Germany and the UK came out first and second, respectively). But it’s also one of the more expensive places to start a business, due to its high cost of living, salary expectations and relatively small labor market. Are there startups that you wish you would see in the industry but don’t? More than 50%?
This is the company’s third European launch after the Netherlands and Germany. Lemonade is now a public company with a current market capitalization close to $4 billion. But it’s a lucrative industry. Lemonade is launching its renters insurance in France. Originally from the U.S., Both companies share a lot of similarities.
In a letter to VanMoof, the regulatory agency accused the Dutch brand of unfairly casting a negative light on the auto industry. ARPP said the commercial also violates advertising and marketing code prohibiting the exploitation of feelings of “fear or suffering.” But that was too much for the ARPP.
The industrial biotech startup is working on bringing a novel protein to market — one it says will offer a nutritious, sustainable alternative to animal-derived proteins. But if this 2017-founded Finnish startup, Solar Foods , has its way fermentation could have a very special place in the future of human food too.
It’s a capital-intensive industry. The company covers 48 different cities for all other markets — the U.K., Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. “We We are defining the ultrafast delivery sector and this latest round of funding is a testament to Getir’s position as industry pioneer. “We
TSX Venture is a board on the Toronto Stock Exchange for emerging companies, including startups, that can move to the main board once they reach certain thresholds depending on industry. We felt there really was a need to get going as quickly as we could and really get out into the market.”. and the Frankfurt Stock Exchange in Germany.
In fact, the construction industry in the United States has faced a significant shortage since the Great Recession of 2008 when it lost 30% of its workforce. Over the past decade, dozens of construction robots have cropped up on the market. The team also worked with research partners in Austria and Germany.
It plans to use the funding to expand its footprint across metropolitan areas in its existing three markets — the Czech Republic, Hungary and Austria — as well as to break into Germany, Poland, Romania and other countries in the near future. upr, Rohlik CEO and founder, told TechCrunch in an interview.
Markets go up and down, but consumers love our service and convenience is here to stay. The super fast grocery delivery industry will steadily grow for many years to come and Getir will lead this category it created 7 years ago,” Getir founder Nazim Salur said in a statement. Germany, France, Italy, Spain, the Netherlands and Portugal.
Wool envelopes were the first products to hit the market. France and Germany. Bubble wrap has been dominating the packaging industry for ages — but its decline is inevitable,” said Woola’s CEO and co-founder Anna-Liisa Palatu. The industry is broken for two reasons: fossil fuel reliance and single-use mindset.
Berlin-based Choco , which has built ordering software for restaurants and their suppliers, is working to digitize the food supply chain and announced $100 million in Series B funding, led by Left Lane Capital, to give it a $600 million post-market valuation. The new round comes just over a year after Choco’s $63.7
“Greece is one of the global superpowers in shipping, so when I was working in consulting, I became close to the industry and really fell in love with it.”. After consulting, Diakogiannis spent time in venture capital, were he saw how labor marketplaces are disrupting industries like construction, manufacturing, oil and gas.
Zenjob says it works with “some of the biggest” companies in the delivery, retail, logistics, e-commerce, hospitality and service industries — but isn’t disclosing any customer names. According to the 2015-founded startup it’s matched over 1M jobs across Germany and the Netherlands to date.
Singapore-based industrial robotics firm Sesto this week announced a $5.7 Sesto has had a busy few years since that round — as have many in the industrial robotics category, as more companies have looked toward automation during the pandemic. The round follows a similarly sized $4 million Series A, back in 2018.
“We also use data from analyzing systemic and market changes such as government incentives for companies to become ‘greener.’ “We are developing machine learning models that use this data to forecast future job-market demand for specific skills, and predict income levels in the future,” Kostelec continued.
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