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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.
The Next Web is happy to announce 12 upcoming local award events in Europe’s hottest tech hubs, all for the sake of highlighting and celebrating the best startups, the most talented entrepreneurs and the hottest investors. We didn’t want to leave it at that, though. You can find a list of locations below.
Entering this fray is Membo — which, starting in Estonia, has built an app-based marketplace for local food producers to sell directly to consumers, cutting out other middlemen as the startup handles delivery logistics and billing. Delivery Hero picks up InstaShop in $360M deal to expand in groceries in the Middle East.
Regulators in Canada and Germany have decided to freeze Silicon Valley Bank’s branches in these respective countries — but SVB had very limited operations in foreign markets. Similarly, in Germany, BaFin — the country’s financial regulator — decided to freeze Silicon Valley Bank’s local branch in the country.
Mobileye, the Intel-owned company that specializes in chips for vision-based autonomous vehicles, announced that it will launch a robotaxi service in Germany in 2022. Those plans are pending local approval by regulators as well. But the plan is already running into problems with local lawmakers.
On Tuesday, TSMC announced its intention to collaborate on an investment in the European Semiconductor Manufacturing Company (ESMC) located in Dresden, Germany, with a focus on advanced semiconductor manufacturing services. billion euros towards the establishment of a plant in Germany, marking its first European venture.
Tesla is planning a Gigafactory in Germany | Illustration by Alex Castro / The Verge. Tesla’s Gigafactory in Germany won approval from local officials on Friday, but the company still has to meet several requirements before the plant can begin production of vehicles, Reuters reported , including concerns about the plant’s water use.
Learn about Net Tuesdays and get local! These new Net Tuesday groups have bumped the total number of local NetSquared groups around the world over 30 - that’s a wide network of innovators and social changemakers! If so, connect with the local organizers to find out about the next events, how to help, and spread the word!
This is the company’s third European launch after the Netherlands and Germany. Lemonade will compete directly with a local competitor called Luko. Lemonade is launching its renters insurance in France. Originally from the U.S., Lemonade is now a public company with a current market capitalization close to $4 billion.
Australians visiting their local Google homepage are presented with an ominous pop-up which warns that “the way Aussies use Google is at risk” and “their search experience will be hurt by new regulation.” The initiatives in Brazil and Germany are reportedly not affected. Screenshot: Google. Screenshot: Google.com.au.
The Germany-based startup plans to use the funding to build new hubs in Africa and Europe, grow its team, and re-launch its proprietary platform to make “finding and working with tech talent easier than ever before.”. We see entering Egypt as the first step in our exciting journey to bring the entire continent into the global talent pool.
Gorillas , a grocery delivery startup that operates its own hyper local fulfillment centers and has already been a hit in Berlin, has raised $44 million in Series A funding. Meanwhile, Gorillas says the new funding will be used for expansion across Germany and will accelerate its rollout across more of Europe — first stop, Amsterdam.
It already announced a program to pay publishers in Australia, Germany and Brazil back in June.). The Guardian reports that over a hundred local newspapers in Australia have had to lay off journalists and either shut down or stop printing as advertising revenue has fallen. Australia doesn’t seem to think that’s enough, though.
For example, while it’s good to consider Europe’s venture capital and startup tallies each quarter, we also need to compare, say, France and Germany to truly understand what is driving results on the continent. The same is true in some countries as well when we more closely consider local venture activity.
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.).
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).
The initial focus for investment is on Germany which is particularly reliant on buying gas from Russia — meaning its economy is heavily exposed to the crisis in Ukraine. “At the moment, we’re supporting renewable energy projects across Germany. “At the moment, we’re supporting renewable energy projects across Germany.
in Ehningen, Germany. Designed for customers in government, financial services, and e-commerce who want high-performance computing capabilities along with the security of local control, Oxides systems make the transition to the private cloud as easy as possible. The edge AI hardware market is projected to grow from $24.2
Some companies are global by default — think mobile gaming companies — or simply require language localization. Others need to build new warehouses, hire local teams or build entirely new products. Just 13 months after launching in Germany, Homejoy had to cease operations globally, while Rocket’s Helpling is still alive and kicking.
A fire broke out on the ship, Felicity Ace, on February 16th as it was traveling from Germany to the USA. Felicity Ace operator MOL Ship Management Singapore says the ship sunk at 9AM local time around 220 nautical miles (about 253 miles) off the coast of the Azores, an archipelago in the mid-Atlantic that’s an autonomous region of Portugal.
Microsoft has revealed the next major additions coming to Microsoft Flight Simulator later this year, including the Volocopter VoloCity air taxi; updated maps for the Germany, Austria, and Switzerland regions; and a competitive online multiplayer racing mode.
The United States, United Kingdom, Denmark, the Netherlands, Germany, and Japan account for 91% of total grant funding for Ukraine to date. The top five donors by dollar amount—The Conference on Jewish Material Claims Against Germany, IKEA Foundation, BP plc, Lego Foundation, and Google—account for 35% of total funding.
million seed round of funding to fuel planned rapid expansion — both within Germany and across Europe. “Paris, Amsterdan, Brussels, London,” says co-founder Ralph Hage, reeling off the list of likely first-candidate cities for its service outside Germany. Oja bags $3.4M Expansion is one of them.
The multinational company is headquartered in Germany and is a manufacturer of industrial automation, interconnection, and interface solutions. Its Chinese headquarters boasts over 2,500 local staff with 30 billion RMB in annual revenue. Local supply chain partners helped to reduce costs, making products even more competitive.
Volkswagen is already trialing a different idea in parts of China and in its home city of Wolfsburg, Germany that involves putting batteries inside what looks like a more standard charging station pillar.
-based, Memmo was founded in Stockholm, and Lundberg Toresson said its strategy is both global and localized — the company is currently operating localized marketplaces for Sweden, Germany, Finland, Norway, the United Kingdom, Spain, Italy and Canada, as well as a general global market.
Tesla cars in front of its new factory in Germany. In a letter sent to a local court, Tesla argued that Germany’s regulatory framework “directly contradicts the urgency to plan and realize such projects that is necessary to battle climate change,” Reuters reported in April 2021.
Germany and the UK came out first and second, respectively). While they can withdraw those funds from the business the next day, local founders must still secure decent backing to even begin the work. How much are you focused on investing in your local ecosystem versus other startup hubs (or everywhere) in general?
Tesla doesn’t break out sales by country, but it has been delivering locally made cars from its factory outside Shanghai for more than a year, and that has helped the company continue to grow its business. Tesla will have even more capacity when it starts making vehicles at the two factories it’s building in Texas and Germany.
At the presentation of the concept in Germany earlier this year, VW had said the EV would launch on the market in 2013. In many locales, VW points out, the needs of commuters are already met by the 150 km range. kWh lithium-ion battery pack. On average, 45.8% drive less than 10 kilometers (6.2 miles) (one-way commute), another 28.1%
Germany, Switzerland, Scandinavia and China. We did a good job selling remotely, but now we need local offices,” Danon added. “We Buildots went after new funding once it was able to show product market fit and was expanding into other countries. The platform is being utilized on major building projects in countries like the U.S.,
Virtually every major online venture that has done well has been replicated elsewhere in the world to cater to local markets, with copycats raking in revenues and leaving innovators fuming. The clones. If a business is online, there’s a copy (or several) of it. Can they be stopped? The other side of the story.
A couple of JustKitchen’s board members are also active in the Canadian capital markets, including Darren Devine, a member of TSX Venture Exchange’s Local Advisory Committee. and the Frankfurt Stock Exchange in Germany. These factors made listing on the board a natural choice for JustKitchen, Chen told TechCrunch.
and Germany; and “tech” means B2B SaaS/fintech or consumer apps. Local affinity or bias. A typical VC thesis: “We invest in tech startups in Europe at an early stage.” ” However, our experience shows that in many cases “Europe” means a handful of countries, for instance, France, U.K. Occurrences.
Tesla was recently granted tens of millions of dollars in tax breaks from both the county in Texas where the factory will be built and from a local school district. Tesla also has a new vehicle factory outside Shanghai, China, and is building another factory outside Berlin, Germany. Construction work is “already underway,” Musk said.
The company will also hire more people with local marketing and sales teams for different markets. Didomi plans to open offices in Germany, Spain and the U.S. It doesn’t mean that Didomi is for everyone as the company focuses on premium clients in particular. Clients include Rakuten, Orange, Giphy and Weight Watchers International.
PepsiCo is a major coup as a launch partner, though Einride has struck other big-name commercial deals elsewhere including Electrolux in Germany and GE Appliances in the U.S., the latter serving as a pilot partner for Einride’s fully autonomous pods (more on that below). Image Credits: Einride Einride had already expanded into the U.S.
The social media giant says it’s already partnered with over a dozen publishers for the service including Guardian Media Group, Reach (who’s titles include the Daily Mirror , Daily Express , and local publications like the Manchester Evening News and the Liverpool Echo ), The Economist , and Wired and GQ publisher Conde Nast.
With today’s funding round, the company plans to expand to Germany with a new office in early 2022. Swan will compete with Berlin-based banking-as-a-service company Solarisbank. But Swan also plans to let developers start using the company’s APIs directly with a self-service model. co-founder and CEO Nicolas Benady said in a statement.
The move comes at a time when Gorillas riders in Germany are reportedly organising to unionise. To do this, it operates a vertical or “dark store” model, seeing it set up its own micro fulfillment centers, which currently total 40, spread across Germany, U.K., and the Netherlands.
It’s got full-array local dimming, extended quantum dot color, an antireflective coating, and also includes the company’s signature ambient mode tricks, so the TV can show artwork, photos, or other content when you’re not actively using it. Image: Samsung.
Chinese automaker Great Wall Motor has made the decision to shut down its European headquarters in Munich, Germany, and will dismiss about 100 employees before Aug. 31, when the closure will take effect, Automotive News Europe reported on Wednesday.
Dr. Dietmar Kress puts his PhD in Sociology to work as Director of Actions and Volunteering at Greenpeace Germany. These volunteers engage journalists at local newspapers, radio and TV stations to exponentially scale up Greenpeace’s visibility and impact in Germany.
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