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The buzzy new tech will be available next month in BYD's flashy new Han L sedan. 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. Since announcing the Han L, BYD's market value has skyrocketed.
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.
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. .
Lidar, which works by firing laser beams to capture a cars surroundings in three dimensions as a way to assess its environment, is widely used in the autonomous vehicle industry because it provides precise depth perception, even in poor visibility conditions. Coyotes plans to catch the Road Runner.
Welcome to the city survey of Bielefeld, Germany, part of our ongoing survey into European cities. Unfortunately, Bielefeld suffers from the same ailment the rest of Germany is subject to: Most startups gravitate to Berlin, followed by Munich, then Hamburg (according to an initiative from UnternehmerTUM in Munich). What does it lack?
” Germany-based Bayer, which acquired Monsanto in 2018, has continued to dispute claims that Roundup causes cancer. The company and other industry supports argue that litigation costs are unstainable and could impact Roundup’s future availability. Bayer has recently renewed and expanded an effort across a handful of U.S.
Starting a fast-growing tech business is incredibly challenging, and requires a variety of skills. Early-stage investors do look very careful at the education of founders, they either look for an excellent academic education, or years of experience in the industry. If you are about to start your own company, be aware of this.
Construction as an industry has evolved with civilization through the ages. But today, it’s one of the few industries that has one foot firmly planted in the past, even as the other tries to step into the future. To get a clear picture of where construction tech stands today, we spoke with five active investors in the space.
In particular, Doctolib acts as a booking platform that connects doctors with patients; 60 million people have used it in France, Germany and Italy. Doctolib relies on a vast network of offices in major and mid-sized European cities so that they can talk with doctors all around France, Germany and Italy.
The main hub for starting a tech business is currently San Francisco. It’s an amazing city, full of people working at tech businesses, and ready to start the next big thing. The costs of living are incredibly high and you will compete with the world’s most successful tech businesses for talent.
As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.
We sat down with Falck a year after our initial interview with him to talk about the challenges of reaching autonomy when connectivity on the roads is lacking, why the Big Tech crashes are actually healthy for the industry and what consolidation looks like for autonomous driving.
As pressure grows on companies to reduce reliance on gas and oil, established processes even at industrial scales are being questioned, offering an opportunity for tech to step in. The concept isn’t new, and in fact is used across the membrane industry, but where SepPure’s diverges is in its durability and compactness.
in Ehningen, Germany. In June 2024, UK and Colorado-based Quantinuum unveiled the industrys largest-ever trapped ion quantum computer, with 56 trapped-ion qubits. The company has been collaborating with JP Morgan Chase, one of its earliest users, on quantum technology for the financial industry since 2020.
Germany-based construction tech startup Cosuno has raised a $30 million Series B led by U.S. Construction is one of the largest industries in the world but amongst the least open to new technology. Construction is one of the largest industries in the world but amongst the least open to new technology.
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.
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.
We operate in Europe and we are the industry leader in online sales,” co-founder and co-CEO Philippe de Chanville told me. In addition to France, the startup operates in Spain, Italy, Belgium, Germany and the U.K. and Germany in particular — they are Europe’s two biggest markets for home improvement and gardening. billion ($1.42
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.” He claims there are 2.7
The Augsburg, Germany-based company has raised $20 million, funding that it plans to use to continue building out its business, as well as its technology, both in terms of the hardware and the cloud-based software platform, German Bionic IO, that works with the exoskeletons to optimize them and help them “learn” to work better.
Moss provides credit cards and a spending platform to small and medium businesses in Germany. Right now, its clients include startups and tech companies. But Moss expects to expand to other industries soon thanks to today’s funding round. Existing investors Cherry Ventures and Global Founders Capital are also participating.
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. In November, Nvidia replaced Intel on the Dow Jones Industrial Average.
The company’s expansion is coming at an interesting point in the wider world of industrialtech, as well as in terms of the competitive landscape. In terms of the wider industrial market, the funding and Augury’s growth are coming at a key moment.
While the techindustry 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. Image: Sony. That exploration will apparently find out how a “creative entertainment company” can “redefine mobility.”.
There is no more blaming or cutting corners because the system validates that and also makes construction a healthier industry to work in.”. Germany, Switzerland, Scandinavia and China. In addition, other solutions in construction tech were still relying on lasers or people to manually input or tap photos.
European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 Few industries are impervious to the economic downturn, and insurtech is no different. This represents a 50% increase on last year’s $3 billion valuation at its Series C round.
It already announced a program to pay publishers in Australia, Germany and Brazil back in June.). Since then, the news and media industry have been hit hard by the pandemic. As Google explains in Silva’s full statement and an accompanying blog post , it would rather pay publishers specifically for its Google News products. (It
But in Germany, B2B Payments company Mondu has emerged as a significant entrant to the market. Previous investors Cherry Ventures, FinTech Collective and tech entrepreneurs and senior executives from Klarna, Zalando, and SumUp also participated. Mondu has now raised a $43 million Series A round led by U.S.-based
Australia’s proposed News Media Bargaining Code law, which is currently in draft and targets Facebook alongside Google, follows a 2019 inquiry in Australia that found the tech giant to be taking a disproportionately large share of online advertising revenue, even though much of their content came from media organizations.
Superscript , an insurance broker and tech platform targeting SMEs and “high-growth” tech firms, has raised £45 million ($54 million) in a Series B round of funding. Germany’s Wefox last year raised $400 million at $4.5 and across the European Economic Area (EEA). and across the European Economic Area (EEA).
Gogoro is branching out of home country Taiwan in the biggest way yet, as it just announced a partnership with major two-wheeler manufacturer Hero MotorCorp to bring its swappable battery and scooter tech to India. Electric vehicles could help eat away at some of India’s pollution, and Tesla is even wading into the market.
and Europe and helps protect the reputation of the fintech industry. Railsbank positions itself as a “utility” on which other companies — spanning fintech upstarts, challenger brands, to incumbent banks that want to re-factor their tech — can build and sell various financial services or add fintech features to their products.
“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.
How many large European industrial or corporate giants acquire or acqu-hire? The US one of the few markets where you can achieve decent scale, as well has have the potential to exit either trough a sale to one of the global tech platforms, or to the public markets. Not that many and not nearly enough.
With the food industry a $6 trillion market, Choco CEO Daniel Khachab told TechCrunch he aims to make the food supply chain more transparent and sustainable in order to help increase margins in the food service sector and combat climate change. “It What SOSV’s Climate Tech 100 tells founders about investors in the space.
Belgium, France and Germany makes Amsterdam a natural gateway to those markets. based tech founders are welcomed with open arms. In 2020, the venture industry continued to invest in startups, despite the COVID-19 crisis. Are there startups that you wish you would see in the industry but don’t? A great team.
Bertelsmann Investments, one of Germanys largest venture capital funds, is planning a $700 million investment in Chinese start-ups, according to the Financial Times. Carsten Coesfeld, CEO of Bertelsmann Investments, told the Financial Times that his visit to China had left him amazed by its very impressive entrepreneurial talent.
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. raised $20 million. And this is not a comprehensive list.).
The food service industry faces steep labor, quality control and sustainability challenges exacerbated by the pandemic. ” PreciTaste employs 98 people across Germany, India and the U.S. “The pandemic has increased the need for digital optimization in the QSR space.
The company is disrupting the mobile money industry dominated by banks and telcos with its app-based solution, cheaper fees and QR-based tech. Germany, Nigeria and the U.K. The people we’re parting ways with are some of the smartest and most dedicated in our industry.
Now tech companies across industries are poised for an even better year, according to more than a dozen investors we talked to in the country. Other investors felt that a broader range of industries, like fintech and biotech, would eventually produce the biggest companies in the country. Oh, and one more thing.
Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. But it’s not a surprise in the wider market context we are in at the moment, with tech companies big and small all seeing a downturn in their finances and valuations in the face of a wider cooling of the market. billion valuation just two months ago.
China is becoming a superpower in the techindustry. and 11 years in Germany. Denis Kalinin works at venture fund Runa Capital as Asia Business development manager, devoted to connecting the Western and Asian VC worlds and bringing long-term value to both. eight years in the U.K.
Facebook is planning to expand its dedicated news section and says it is “considering” the UK, Germany, France, India, and Brazil as possible recipients, it announced Tuesday. Its News Feed algorithm and ad business have proven devastating for the industry, particularly for local news publishers.
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