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Global mobility firm inDrive launches venture targeting startups
inDrive, a global mobility and urban services platform, has announced the launch of a new venture and M&A arm aiming to invest up to $100 million in promising startups.
South African logistics startup Tripplo raises $1.8m funding to scale its operations
Tripplo has closed its seed funding extension round with $1.8m equity investment.
Mobility startup Treepz launches insurance program for car rentals in Africa
Treepz is introducing an insurance program for car rentals in Africa.
Gebrüder Weiss provides zero-emission deliveries to end customers in Budapest
Gebrüder Weiss has started to provide zero-emission deliveries to end customers.
Travel tech firm Branchspace receives £5m to enhance airline retail digitisation
Gresham House Ventures has completed a £5m investment into Branchspace
Nigeria's Treepz among startups selected for 2023 VC4A Venture Showcase Africa
Treepz hes been selected to participate in VC4A Venture Showcase Africa.
Delaware startup Duravo debuts world's toughest lightweight luggage
Duravo announced the launch of the toughest, yet lightest carry-on suitcase in its class.
bp ventures invests £4m in UK-based fleet optimization software provider Dynamon
bp ventures has made a £4 million investment in Dynamon.
Cargo airline startup Ribbit signs $1.3m to test autonomous flights in Canada
Ribbit has signed a $1.3m to test autonomous flights across northern Canada.
Kenyan mobility startup Stima secures €100k investment
Stima Mobility has secured €100,000 investment from DEG Impulse.
German autonomous, electric trucking startup FERNRIDE raises $31m Series A funding
FERNRIDE has secured $31m Series A funding.
Volvo Group Venture Capital invests in Trucksters to manage innovative relay trucking in Europe
Volvo Group Venture Capital has invested in Madrid based startup, Trucksters.
Aena launches the second call of its startup acceleration program
Aena has launched Aena Ventures, an open innovation program for accelerating startups.
5 UK cities leading the way in sustainable transport, Plug and Play
The need for transportation systems that prioritize environmental sustainability has gained significant momentum.
Satgana invests in pre-seed round of French electric bike startup Loewi
Satgana has invested in the pre-seed round of Paris-based electric bike startup Loewi.
Leveraging proptech for urban design that promotes sustainable transport, Plug and Play
Proptech is becoming a part of a transformational movement in transportation.
Nigerian cold-chain startup Gricd rebrands as Figorr, secures $1.5m seed funding to support data-driven insurance for perishable goods in Africa
Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5m seed funding.
French EV startup Driveco raises $250m to become a European leader in EV charging infrastructure
Driveco, the innovative French electric vehicle charging startup, announced a €250 million fundraising round from Dutch pension fund manager APG.
How automotive solutions will create sustainable urban living, Plug and Play
Automotive solutions play a critical role in creating sustainable cities, particularly in regard to real estate, urban planning, IoT, AI, and smarter cities in general.
Innovate UK launches £100m AI Fund for UK business
Innovate UK, the UK’s national innovation agency, has unveiled BridgeAI, a new programme which aims to drive growth and competitiveness in the UK economy through the adoption of artificial intelligence (AI) and machine learning (ML).
[Column] Alp Tilev: Why the transition to e-mobility in Africa must be expedited
Historically, Asia has been the birthplace of motorcycles. China, India, Indonesia, and Vietnam are the world's four largest motorcycle markets. The continent is home to roughly 58% of all motorcycles in the world.
Chinese electric truck startup DeepWay raises $117m Series A+ round to accelerate mass production of smart electric heavy-duty truck
DeepWay, a smart commercial vehicle developer and manufacturer, announced it had raised $117 million Series A+ financing.
Al-Abdullah Group invests $50m in Indian EV startup Kabira Mobility to accelerate growth
Kabira Mobility, a prominent electric bike manufacturer in India renowned for its KM3000 and KM4000 models, announced it has secured a $50 million investment from its strategic investor, Al-Abdulla Group (Qatar).
Autonomous vehicles affect the future of insurance, Plug and Play
With self-driving technology becoming increasingly available and popular, more and more people are opting to ditch their own cars and ride aboard autonomous vehicles instead.
[Interview] Fedir Ted Martynov, CEO, CARMACHAIN, Nigeria
Ted Martynov leads CARMACHAIN, a fintech outfit operating in Nigeria that enables credit data for lenders in markets underserved by credit bureaus.
SEAC Thailand launches 456 Smart Learning Ecosystem to upskills learners
SEAC, Southeast Asia's SMART learning pioneer, launched its 456 Smart Learning Ecosystem to address the slow rate at which the education and training industries are evolving their learning approaches.
[Column] Cathy Smith: With change the only constant, leaders will need to be adaptive in 2023
The last few years have revealed the futility of making predictions about what lies ahead. In our uncertain times, the only guarantee is that the world will keep changing, with change coming at an ever-accelerating rate.
Hong Kong insurtech startup Bowtie revolutionalizes traditional insurance industry with technology
In today’s digital age, many industries have begun to introduce emerging technologies to develop innovative services. The transformation and upgrading of the insurance industry is also in full swing.
South African healthtech startup Envisionit raises $1.65m to expand access to medical imaging
Envisionit Deep AI, a South African healthtech startup that uses AI to bridge the gap in diagnostic imaging, has raised $1.65 million to expand access to medical imaging.
[Column] Dumisani Moyo: Navigating the winds of change in a digital-first world
Business leaders are facing an increasingly disruptive business environment, driven by supply chain constraints, critical skills shortages, hyperinflation, slowing economic growth, and persistent energy challenges, to name a few.
[Column] Chester Wisniewski: Artificial Intelligence now a match for natural ignorance
End-user security training has traditionally been an important aspect of cybersecurity efforts, as it aims to educate and empower employees to identify and prevent potential threats.
Steph Curry's SC30 joins Simplicity, Silicon Valley AI-driven startup building super app for cities
Simplicity, the platform revolutionizing the way residents connect with their cities, announced that four-time NBA Champion and two-time MVP Stephen (Steph) Curry's SC30, has joined forces with the platform.
Logistics SaaS startup BlueCargo raises $11m to make containers flow faster through US Port terminals
BlueCargo, the logistics SaaS platform that optimizes the entire container workflow from port to warehouse, announced it has raised $11 million in new funding led by Soma Capital and Left Lane Capital.
Generative AI startup Autobound raises $4m to make writing personalized sales emails easy
Emerging startup Autobound, is announcing $4 million in funding to automate the tedious workflow of writing personalized sales emails.
[Column] Didi Onwu: Understanding youth entrepreneurship in Kenya - why fintech is an attractive sector
Boasting one of the fastest-growing economies in Africa, Kenya is on the rise to become a powerhouse of innovation on the continent. This is largely in part due to the country’s thriving culture of entrepreneurship and its significant startup ecosystem.
Munich-based finway raises $10m Series A funding to reimagine spend management for European SMBs
finway, the German finance operating system for SMBs, has raised €9.2 million in a Series A round from Capital 49, an early stage venture fund led by founders of global fintech unicorn Airwallex.
Indian SaaS startup Mintoak raises $20m Series A funding round to grow its product portfolio
Mintoak, an India-based software-as-a-service (SaaS) platform focused on merchant services, has raised $20 million in Series A funding round led by PayPal Ventures.
South African car subscription startup Planet42 raises $100m to break car accessibility barriers
South African car subscription startup Planet42 has raised $100 million in combined equity and debt funding.
AfricaGoGreen Fund secures $47m to support tech-focused green projects in Africa
The AfricaGoGreen Fund (AGGF) has raised $47 million in combined investments from top financial organizations, including the IFC, AfDB, the Nordic Development Fund (NDF), and the Sustainable Energy Fund for Africa (SEFA).
Decentralized finance companies are shifting from centralization, Plug and Play
Decentralized finance, commonly referred to as DeFi, is an emerging technology aimed at building a new financial system that is open to everyone and does not depend on traditional financial intermediaries, such as banks, lenders, etc.
German medtech startup HBOX Therapies raises €2.3m seed funding to accelerate clinical testing for lung treatment
Medtech startup HBOX Therapies, the developer of technology that facilitates lung-protective treatment of respiratory patients, received a seed investment of €2.3 million led by TechVision Fund (TVF)
[Column] Anna Collard: ChatGPT: What cybersecurity dangers lurk behind this impressive new technology?
It is now possible to use a publicly available artificial chatbot to generate a complete infection chain, possibly beginning with a spear phishing email written in entirely convincing, human-like language.
Bristol-based tech startup Deazy appoints Freya Wordsworth as new Partnerships Manager
Developer marketplace platform Deazy, has appointed Freya Wordsworth as the new Partnerships Manager, as part of a growth push for 2023 that will see the Bristol-based tech firm build a partnership eco-system.
London-based Ocean 14 Capital receives €30m to back marine innovators saving the seas
Ocean 14 Capital fund has received an investment of €30 million from Ingka Investments to support its mission of funding sustainable solutions to improve ocean health.
[Interview] Mikhail Marchenko, Co-founder, JuicyScore, Kenya
Mikhail Marchenko is the Co-founder of JuicyScore, which recently launched its operations in Kenya. JuicyScore offers anti-fraud and risk management solutions to digital lenders, insurance companies, e-commerce and classifieds.
[Interview] David Galadima, Founder, Graemoh Foods, Nigeria
Passionate about sustainable agriculture, aquaculture and food security in Africa, David Galadima is the Founder of fast growing agriculture and processing company, Graemoh Foods, operating out of the northern state of Kaduna, Nigeria.
Bolt announces plans to expand services in Africa with €500m investment
Bolt has announced plans to invest €500 million to enhance its operations across Africa over the next two years.
CcHUB launches $15m accelerator for edtech startups in Kenya and Nigeria
Co-Creation Hub (CcHUB), touted as Africa’s largest innovation and incubation hub, announced it is launching a $15 million accelerator program for targeting edtech startups.
Agritech startup IngredientWerks announces successful completion of seed round funding
IngredientWerks, an ag-tech ingredient company developing high value plant-based proteins for the alternative protein markets, announced it has secured its seed round of funding.
eDRV raises seed round to accelerate an interconnected EV charging ecosystem
eDRV, an API-first electric vehicle (EV) charging management solution used at over 7,500 charging locations globally, announced it has closed on a seed funding round.
SC Ventures partners with Yabx to expand access to financial services in Africa
SC Ventures announced it has entered into a Memorandum of Understanding (MoU) with Yabx , a company incubated by Comviva and part of the Mahindra Group, to address a deep need for responsible consumer finance in Africa.
To stay competitive, startups must combat gender diversity debt, study
Entrepreneurship is booming, but women are underrepresented among its founders, investors and employees. A recent study investigates entrepreneurship's gender "diversity debt," a demographic disparity that can be difficult and costly to remedy.
German electric mobility startup Dance raises €12m to accelerate sustainable mobility solutions across Europe
Electric mobility subscription startup Dance has raised €12 million in additional equity and debt capital. The equity raise was led by existing investors HV Capital, Eurazeo and BlueYard.
IFC, DEG, Hollard, and Yellowwoods invest in South African insurtech startup Naked to boost insurance accessibility
IFC, the German Development Finance Institution (DEG), Hollard, and Yellowwoods, jointly announced an investment in South African insurtech company Naked to expand access to insurance products.
Next-gen self storage startup Stuf secures $11m Series A funding to accelerate growth
Stuf, a next-generation self storage startup, announced it has closed an $11 million Series A financing round led by Altos Ventures and Allegion Ventures, with participation from existing investors, Wilshire Lane Capital and Harlem Capital.
Customer intelligence and marketing CRM platform Gameball raises $3.5m seed round for international expansion
Gameball, the all-in-one customer intelligence and marketing CRM platform for consumer brands, has announced the completion of a $3.5 million fundraise to accelerate its international expansion.
Insurtech startup Lami joins forces with Unchorlight to provide insurance covers for Boda Boda riders in Kenya
Digital insurance provider Lami Technologies is partnering with Unchorlight Kenya (UNK), to provide boda boda riders in the country with access to suitable and reliable insurance covers.
Spanish EV charging operator Zunder receives €40m from the EIB to accelerate electrification of road transport
The EIB and Zunder, an independent ultra-fast charging infrastructure operator for electric vehicles (EVs) in Spain, have signed a loan of €40 million in order to finance the installation of a network of fast chargers.
Founders of Spatial analytics startup Spatio Metrics join Outer Labs to accelerate data-driven real estate solutions
Sonal Singh Goldstein and Jim Peraino, Founders of Spatial analytics startup Spatio Metrics, are joining Outer Labs, a company that helps real estate owners develop technology.
Kenyan fintech startup Power Financial raises $3m seed funding to accelerate growth
Power Financial Wellness, a Kenyan fintech startup that seeks to advance the financial well-being of its customers has secured a $3 million seed funding.
Identity verification platform Smile Identity raises $20m funding for Pan-African expansion
Smile Identity, Africa's Know Your Customer (KYC) onboarding and identity verification platform, announced the successful completion of its Series B funding round, raising $20 million.
Authentication startup Descope launches from stealth with $53m seed funding to trailblaze a passwordless future for all
Descope announced it has raised $53 million in seed funding and emerged from stealth to launch a frictionless, secure, and developer-friendly authentication and user management platform.
Insurtech startup OpenEyes emerges from stealth with $23m Series A funding
OpenEyes, an insurtech company serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First.
Amsterdam-based mobility startup Transferz raises €6.5m for its sustainable and reliable ground transportation solutions
Transferz, the Amsterdam-based B2B mobility platform in pre-booked ground transportation, announced a successful €6.5 million fundraising round led by a consortium of individual business angels.
Battery startup NanoGraf raises $65m Series B to scale North American production of silicon anode products
NanoGraf, an advanced battery materials company and enabler of the world’s most energy-dense lithium-ion 18650 cell, announced it has raised $65 million in an oversubscribed Series B funding round.
London-based digital health startup Syndi raises £1.65m to build its AI-driven wellbeing support platform
Syndi Health, a startup providing a digital infrastructure to offer personalised and effective digital health support within organisations, has raised £1.65 million ($2 million), in equity and grant funding.
Acceldata raises $50m Series C funding to expand market leadership and product innovation in data observability
Acceldata, the market leader in data observability, has raised $50 million in Series C funding. This latest round of funding was led by March Capital, with additional investment from Sanabil Investments.
Predicta Med raises investment from CerraCap Ventures to support its early detection, intervention of chronic diseases platform
Venture Capital fund CerraCap Ventures, announced a strategic investment in Predicta Med, an early-growth startup helping medical clinics and institutions identify and work-up immune-related diseases earlier.
Y Combinator-backed Crew raises $2.3m to launch first all-in-one recruiting CRM
After 18 months of restricted beta access, Crew, a Parisian all-in-one recruiting CRM for teams solution, announced the launch of its product in self-serve and a $2.3 million seed funding round through a strategic approach.
London-based TDGA secures NewMedia Holding as lead investor in $20m seed round
London-based TDGA, the owner of the biggest brand in Space Media today, Space Hero, announced a $20 million seed round.
Novel Capital, Pipeline Entrepreneurs partner to make non-dilutive capital more accessible to Midwest startups
Novel Capital, the fintech Growth Platform that helps B2B businesses accelerate their growth, announced a partnership with Pipeline Entrepreneurs to make non-dilutive capital more accessible to Midwest startups.
[Interview] Seyi J. Matanmi, Founder, Hosteet, Nigeria
Seyi J. Matanmi is a technology product developer and entrepreneur. Educated in software development, research and analytics, he currently leads the cloud services outfit, Hosteet, operating out of Lagos, Nigeria.
Tech startup Uspace fills the gap in web marketing missing from main street small business
Recent advertising by e-Commerce giants Go Daddy, Shopify, Wix and others would have the public believe that anybody can build and launch a moneymaking website with little time and effort.
Nigerian fintech startup Trade Lenda raises $520K in pre-seed round to accelerate growth
Trade Lenda, a Nigerian fintech startup that helps micro, small, and informal retailers with access to financing for their business needs, has raised $520K in pre-seed funding to speed its growth.
CampX by Volvo Group opens new Incubator track for startups to accelerate sustainable mobility innovations
More than 50 startups have developed their ideas at CampX, the global collaboration hub for innovations by Volvo Group.
Saudi Arabian HR tech startup Palm.hr raises $5m pre-Series A round to expand across the MENA region
Palm.hr, a Saudi Arabian HR firm that automates payroll, tracks leaves and absences and monitors employee performance, announced it has secured $5 million in a pre-Series A round.
Rembrand raises $8m seed round to scale AI product placement for video
Rembrand, the revolutionary AI product placement platform that embeds photo-realistic products into digital videos, announced a $8 million seed round and the upcoming launch of their beta platform.
Israeli foodtech startup Meala secures $1.9m pre-seed round to improve plant-based foods
Startup Meala FoodTech, the developer of a functional protein platform, announced the close of $1.9 million in pre-seed investment. The round was led by The Kitchen FoodTech Hub.
IDTechEx explores nine startups innovating polymer additive manufacturing
Essential to understanding the evolution of the polymer 3D printing industry is exploring the change from low-cost printing technologies and materials to the slow growth and adoption of innovative polymer printing technologies.
Africa’s mobility startup eWaka secures $540K loan from SECO to accelerate growth
Kenyan mobility solutions provider eWaka has secured a $540K loan from the State Secretariat for Economic Affairs (SECO) of the Swiss Confederation.
Partech Africa II reaches first close at €245m, above target fund size
Partech, the global technology investment firm, announced the first closing of Partech Africa II at €245 million, already above the target fund size.
Seven African startups to receive $385k to develop solutions for the blue economy
Climate resilience venture launcher Triggering Exponential Climate Action (TECA), has announced the selection of seven African startups to each receive $55,000 in funding to advance their solutions for the blue economy across the continent.
Canadian healthtech startup The Rounds closes $6.7m Series A funding to accelerate growth
The Rounds, a Canadian healthcare tech startup, announced the successful close of its Series A round with two follow-on investments totaling $1.6 million CAD from Panoramic Ventures.
Metal 3D printing startup Fabric8Labs closes $50m Series B financing for electrochemical additive manufacturing technology
Fabric8Labs, pioneer of electrochemical additive manufacturing, announced the close of a $50 million Series B investment round led by New Enterprise Associates (NEA).
Building construction startup Boxabl unveils the home of the future
Boxabl, the innovator in building systems, made a huge impact at this year's International Builders' Show (IBS) with its two-story building display.
Kenyan government drops fraud charges against Nigerian fintech Flutterwave
The Kenyan government has dropped charges of financial impropriety against Flutterwave, according to a new report by Bloomberg.
South African grocery delivery startup Yebo Fresh raises 4.5m pre-Series A funding to fuel expansion
Yebo Fresh, a South African grocery delivery startup has raised $4.5m in a pre-series A equity funding round.
Spanish fintech startup Snab closes €1.1m investment round to grow its B2B payments platform
Snab, the Spanish payment platform that allows payments and transfers between companies in one click, has raised €1.1 million in its first funding round.
South African digital lender Lulalend raises $35m Series B funding to accelerate growth
Lulalend, a South African digital lender offering funding options for businesses. has raised $35 million in Series B funding to accelerate the growth of its loan book and bring new solutions to the market.
Anthropic forges partnership with Google Cloud to help deliver reliable and responsible AI
Google Cloud announced a new partnership with Anthropic, an AI startup focused on safety and research. Anthropic has selected Google Cloud as its preferred cloud provider.
Finance software startup Quartr signs API deal with Nordnet to enhance informed investment decisions
Finance software startup Quartr signed an API deal with Nordnet, the online broker in the Nordic region, reaching almost two million customers.
[Column] Xiao Feng: The 10 principles of Web3
What is Web3? Web3 is essentially the other side of the coin in relation to blockchain technology. When we talk about blockchain, we are also talking about Web3 to a considerable extent, and vice versa.
Ingredient biotech startup Michroma closes $6.4m seed round to bring novel food coloring to market
Michroma, a precision fermentation food ingredient startup, announced it has closed $6.4 million in seed financing, to fast-track the company's commercialization of sustainable natural colorants.
Bangladeshi B2B commerce platform ShopUp secures $30m debt financing to fuel expansion, strengthen supply chain operations
ShopUp, a full-stack B2B commerce platform in Bangladesh, announced it has secured $30 million in debt financing, to drive expansion efforts and strengthen the company's supply chain operations.
22 Milken-Motsepe Prize in AgriTech finalists push to the finish
The Milken Institute and the Motsepe Foundation, kicked off the final phase of the Milken-Motsepe Prize in AgriTech.
Panoramic Ventures welcomes Christy Johnson as General Partner and Chief Performance Officer
Panoramic Ventures, a venture capital firm based in Atlanta that partners with extraordinary founders to build category-leading companies, has welcomed Christy Johnson as General Partner and Chief Performance Officer (CPO).
AI-focused customer communications app Yobi raises $2.37m seed funding to accelerate growth
Yobi, the AI-focused customer communications app catering specifically to the small business community, announced it has raised a total of $2.37 million as part of its oversubscribed seed round.
French hydrogen startup HySiLabs raises €13m Series A funding to accelerate growth
HySiLabs, the novel hydrogen transport and storage technology developer, announced €13 million Series A financing led by Equinor Ventures, and joined by the European Innovation Council Fund, EDP Ventures and PLD Automobile.
12 African startups selected for Techstars Accelerator program in Lagos, Nigeria
ARM Labs Lagos Techstars Accelerator, a Lagos-based program to build early-stage African fintech and proptech startups has announced its inaugural class. The cohort is made up of ten Nigerian and two Kenyan startups, with 50% female CEOs.
Google opens new accelerator program for women founders in Africa
Google has announced an accelerator program aimed at providing resources and opportunities for women founders in Africa.
Deep-tech startup KrossLinker develops cost-effective aerogel insulation to accelerate energy efficiency adoption
KrossLinker, an energy-efficiency-focused deep-tech advanced material startup, is designing and developing the world's most insulating nanomaterial, aerogel, that is low-cost, environmentally friendly, and scalable.
Kenyan rural Internet Service Provider Mawingu raises $9m to scale its operations across the country
Rural Internet Service Provider (ISP), Mawingu has raised $9 million in Series B funding to scale its operations across Kenya.
Spotcovery, serving as a bridge between African Americans and Africans, launches optimization tool on site
Spotcovery, the innovative media platform that connects descendants of the African continent while promoting culture, creativity, entrepreneurship and economic growth, has launched the Slickstream optimization tool.
German startup Maya Climate closes €1.2m pre-seed funding round to accelerate growth
Maya Climate, a Berlin-based global project financing platform for natural capital projects, announced a pre-seed funding of €1.2m led by Germany’s High-Tech Gründerfonds (HTGF), one of Europe’s leading seed investors.
Portuguese startup Coverflex closes €15m Series A round to expand its Compensation OS in Europe
Portuguese startup Coverflex closed €15m Series A round, to expand its Compensation OS in yet another European market, the Italian one!
TBD Health raises $4.4m seed round to expand its hybrid sexual healthcare offerings
TBD Health, a sexual healthcare provider revolutionizing the medical landscape through unparalleled digital and in-person clinical care, announced a $4.4 million seed round.
Squid raises $3.5m to build next-generation cross-chain swaps
Squid, a Zug, Switzerland-based provider of a routing protocol that enables users and developers to easily access cross-chain liquidity, raised a $3.5m seed round led by North Island Ventures.
Pre-sale home renovation startup Freemodel raises $19.5m Series A funding to expand its service offering
San Francisco Bay Area-based tech-enabled home renovation company Freemodel, announced it has secured a $19.5 million series A investment led by QED Investors.
Cell therapy startup FibroBiologics launches public funding campaign with StartEngine.com
FibroBiologics, a clinical-stage company focused on the development of fibroblast cell-based therapeutics for chronic diseases, launched an online funding campaign with StartEngine, an equity crowdfunding platform.
[Startup Interview] Don Okoth, General Manager, Sendy, Kenya
Don Okoth is General Manager for Kenyan Fulfillment and Logistics startup Sendy. In this interview, he talks about the current state of logistics in Kenya and beyond, including Sendy's role in shaping the industry.
Mobility startup BasiGo and AVA to assemble 1,000 electric buses in Kenya
BasiGo, the Kenyan-based electric manufacturer has partnered with the Associated Vehicle Assemblers (AVA), to assemble its buses in the country.
Sustainable mobility startup eWAKA receives 500K CHF loan to accelerate growth
eWAKA, one of Africa’s most promising sustainable mobility startups, has received strategic support from the State Secretariat for Economic Affairs (SECO) Start-up Fund of the Swiss Confederation.
Sofia-based EV charging platform AMPECO raises $13m Series A funding to expand in the US
AMPECO, a Sofia-based white-label EV charging management software platform, closed a Series A funding round of $13 million led by BMW i Ventures.
Canadian B2B automotive trading startup TRADE X opens new trading facilities in Kenya
TRADE X, a B2B cross-border automotive trading platform based in Ontario, Canada, announced it has opened a new Kenyan trading corridor, which includes both a shared bonded warehouse in Mombasa and an office in Nairobi.
Swedish automotive manufacturer Scania launches Scania Growth Capital II at €182.8m
Sweden-based automotive company Scania, announced it is launching a new €182.8 million investment vehicle, Scania Growth Capital II, following the success of its first venture capital fund, Scania Growth Capital I.
Canadian B2B automotive trading startup TRADE X opens a trade route in Ghana
TRADE X, a B2B cross-border automotive trading platform with its headquarters in Ontario, Canada, announced it has opened a new trade route in Ghana, strengthening the company's presence in Africa.
Mobility startup BasiGo secures $6.6m funding to accelerate electric bus uptake in Kenya
BasiGo, the first company to introduce electric buses into Kenya, has announced $6.6 million in new funding led by Mobility54.
Japanese startup TIER IV launches commercial autonomous driving software platforms for multiple operational design domains
TIER IV, an open source autonomous driving startup, announced it has launched commercial autonomous driving software platforms "Pilot.Auto" and "Web.Auto".
YEGO ride-sharing platform from Rwanda launches in Kenya
YEGO Global, a ride-sharing platform from Rwanda has entered the Kenyan market to take on Uber and Bolt through its subsidiary - YEGO Mobility Kenya.
Danish blockchain startup Drivn enables users earn an income while saving the planet
Drivn, the brainchild of three Danish founders, aims to change the world's travel behavior towards a more sustainable future.
Nigerian mobility fintech Moove raises £15m financing facility to scale UK operations
Moove announced it has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch in August.
German mobility startup Wunder Mobility receives €12 million to advance shared mobility globally
The investment positions Wunder Mobility as the highest funded provider of software and hardware solutions for vehicle sharing operators with fleets of e-bikes, e-scooters, e-mopeds, and cars.
Nigerian mobility fintech Moove joins forces with Uber UK to bring electric vehicles to London
Nigerian fintech moblity startup Moove has announced its launch in London as part of its global expansion through a new partnership with Uber.
ZEBOX America selects new batch of startups to reimagine global logistics and mobility
International startup incubator and accelerator ZEBOX America announced a new cohort of 9 startups, marking a key milestone as the tech hub works to reimagine and revitalize the North American supply chain, logistics, mobility and Industry 4.0 sectors.
Kenyan e-Logistics startup Lori Systems raises funding from Google to facilitate expansion efforts
Kenyan e-logistics startup Lori Systems which operates across East Africa, announced it has raised an undisclosed amount of Round B funding from Google, to facilitate the company’s expansion efforts.
Yamaha partners with Nigerian startup MAX for vehicle financing and maintenance
Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation, announced a strategic partnership with Metro Africa Xpress (MAX), to finance and maintain over 50,000 vehicles over the next 2 years.
Japanese open-source autonomous driving startup TIER IV launches $300m green autonomous driving project
TIER IV, an open-source autonomous driving startup, announced it has received a grant from the Green Innovation Fund Projects (GI Fund) for research and development of autonomous driving software platforms.
BII invests $20m in African mobility fintech Moove to strengthen the informal transport industry
The British International Investment (BII), the UK government’s Development Finance Institution (DFI), announced a $20 million, 4-year structured credit investment in Moove, a mobility fintech democratising access to vehicle ownership in Africa.
UK-based BotsAndUs secures $13m seed financing for its warehouse data intelligence platform with autonomous robots
BotsAndUs, a cutting-edge intelligence and robotics company has secured $13 million in seed funding to expand its logistics-disrupting solution globally.
Ugandan fintech platform Tugende closes pre-Series B investment round to accelerate growth
Tugende, the East African fintech platform providing asset financing and digital services to small businesses, announced it has raised a pre-Series B investment round led by current shareholder Partech Africa.
Chinese ARHUD solution provider Raythink completes Series A+ financing to accelerate mass production of in-vehicle AR displays
Raythink, the ARHUD solution provider for the automotive and transportation industry, announced it has raised around $15 million in a Series A+ funding round led by Chengwei Capital.
Autochek acquires Morocco’s automotive tech startup KIFAL Auto to drive North Africa expansion
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, a Moroccan automotive technology startup, to drive its expansion into North Africa.
e-Logistics startup Truckbook raises $3m seed funding to revolutionize the trucking industry
Truckbook, a virtual trucking platform providing a suite of solutions for owner-operators, announced it has raised $3 million in Seed funding from Sacramento-based venture capital firm Moneta Ventures.
Raytheon Technologies venture capital group invests in Hermeus to accelerate air travel
Raytheon Technologies announced a strategic investment in Hermeus Corporation, a company developing hypersonic aircraft for defense and commercial applications, through its newly established corporate venture capital group, RTX Ventures.
Logistics startup Swvl acquires Volt Lines, enters European market
Swvl Holdings, a global provider of transformative tech-enabled mass transit solutions announced a definitive agreement to acquire Volt Lines, a Turkey-based B2B and Transport as a Service mobility business.
Insurtech startup ETAP secures $1.5m pre-seed funding to drive car insurance penetration in Africa
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.
Kenyan electric vehicle startup Opibus rebrands to ROAM
Kenya’s leading electric vehicle (EV) maker Opibus has changed its name to ROAM. The company was among the earliest entrants into the local electric vehicle manufacturing sector.
Plug and Play launches $25.5m Supply Chain Fund
The Plug and Play's Supply Chain Innovation Platform announced the closing of Plug and Play Supply Chain Fund I, L.P., a $25.5 million venture capital fund focusing on investments across the end-to-end supply chain.
Bridgestone Mobility Solutions joins Startup Autobahn as ‘anchor partner’
Bridgestone Mobility Solutions, Bridgestone EMIA’s business unit focused on developing and launching data-driven fleet, tyre and mobility solutions, has become an “anchor partner” of Startup Autobahn, a mobility-focused innovation network.
Europe's TIER Mobility acquires US-based Fantasmo to expand its accurate e-scooter parking system
TIER Mobility, Europe's shared micro-mobility provider, announced it has acquired Us-based Fantasmo, to further expand its most accurate e-scooter parking system and introduce a computer vision-powered rider assistance system.
Nigerian B2B startup Kwik closes $2m Series A round to digitize informal African trade
French-Nigerian B2B startup Kwik, a fast-growing provider of SaaS logistics services to social vendors and e-commerce platforms in Africa, has announced that it successfully closed its $2 million Series A round.
Vehicle financing startup Moove partners with Swvl for EV buses across the MENAP region
Egypt’s on-demand bus-hailing company Swvl, announced a new partnership with African fintech mobility startup Moove to scale Moove’s revenue-based vehicle financing model across the MENAP region.
On-demand transport platform Bolt launches 2nd edition of its Women in Tech internship program in Kenya
On-demand transport platform Bolt announced it has rolled out the second edition of its Women in Tech internship program in Kenya.
Nigerian mobility fintech startup Moove raises $105m series A2 round to scale growth
Mobility fintech, Moove, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt.
EV startup BasiGo flags off first electric buses in Kenya
Nairobi headquartered e-mobility startup BasiGo flagged off the first electric buses in the country for passenger use.
German logistics tech startup Forto raises $250m to accelerate international expansion
German logistics tech startup Forto, the provider of digitized freight forwarding and supply chain solutions, announced it has raised $250 million in a pre-emptive Series D investment round led by Disruptive.
German e-bike startup ADO debuts high-end urban commuter D30
Frunkfart-based startup ADO is debuting an high-end urban commuter e-bike D30 officially. At the same time, ADO will join hands with Insta360 to launch the co-branded ADO Insta360 GO 2 XE, to cross city and chase adventure.
[African Startup Review] Pie Kamau: Capital funding for tech startups gain momentum in 2022
The startup ecosystem in Africa is taking shape. A lot of technological innovations especially in the areas of fintech, e-mobility, e-commerce, healthtech, foodtech and cleantech have seen accelerated growth towards Africa’s digital transformation and innovation.
Irish e-mobility startup Modmo raises €8.7m seed round to accelerate urban transportation
Irish e-mobility startup Modmo closed out 2021 with a €5 million investment from Ballymore Group CEO Sean Mulryan, in addition to €2.7 million raised in September and €1 million in March from several angel investors.
Pakistani logistics startup Truck It In raises $13m seed round to transform the road freight industry
Pakistan’s logistics tech startup Truck It In closed $13 million seed round jointly led by venture capital firms Global Founders Capital and Fatima Gobi Ventures.
Kenyan logistics startup Amitruck raises $4m seed funding to accelerate digital solutions across Africa
Kenya-based digital trucking logistics startup Amitruck has announced it has secured $4 milllion in a seed funding round that had the participation of investors from Africa, Asia, Europe, the Middle East, and the U.S.
Swedish-Kenyan electric vehicle tech startup Opibus launches first electric bus designed and developed in Africa
Swedish-Kenyan electric vehicle technology startup Opibus has introduced the first all-electric bus in Kenya as well as the first African designed electric bus ever.
Indian mobility tech startup EVage raises $28m to enhance Commercial EV revolution
US-based venture capital firm RedBlue Capital has invested $28 million in EVage, the all-electric commercial vehicle OEM in India supplying EV trucks to major delivery fleets such as Amazon India's Delivery Service Partner.
Kenyan ride-hailing startup MARAMOJA opens its API to fintechs and insurtechs
Kenya's ride-hailing platform MARAMOJA Transport has opened its API to local fintechs and Insurtechs. Through a new partnership with Switchlink Africa, service providers will be able to connect with MARAMOJA's drivers and customers.
Tallinn-based Bolt raises €628m funding round to accelerate transition from owned cars to shared mobility
Tallinn-based Bolt announced the closing of €628 million round of funding, its largest funding to date. This funding round will help Bolt accelerate its mission to help cities transform urban areas.
Car subscription startup GO launches in four additional markets
Distinct from traditional auto lease and finance, GO’s model offers subscribers a simple and affordable alternative to car ownership.
Automobile startup Faction Technology announces funding from TDK Ventures
Faction is taking a unique approach to both driverless technology and lightweight vehicle systems that can dramatically impact how goods and people are moved
TDK Ventures invests in scalable driverless transportation startup Faction
TDK Corporation announced that subsidiary TDK Ventures, has invested in scalable driverless transportation startup company, Faction.
African mobility fintech Moove enters Kenyan market, broadens vehicle financing to bikes and trucks
Moove, an African mobility fintech, has launched operations in Nairobi, its first city in East Africa and sixth on the continent.
Toronto-based mobility startup Treepz expands to East Africa, acquires Uganda's Ugabus
In a bid to digitize the public transportation system and provide safer, reliable and comfortable commute options across Africa, Toronto-based shared mobility company Treepz, announced its acquisition of a similar Ugandan bus company Ugabus.
South African fleet-tech startup KeyTec and LocoNav enter Africa's video telematics market
South Africa fleet-tech startup KeyTec has partnered with LocoNav to capture the emerging and high-growth video telematics market throughout Africa.
Chinese autonomous driving startup WeRide releases next-gen small, lightweight Sensor Suite 4.0
WeRide, a Chinese L4 autonomous driving company released WeRide Sensor Suite 4.0 (Suite 4.0), marking another key step towards the mass production of self-driving vehicles.
Shuttle-hailing startup SWVL completes $35.5m pre-funding to accelerate growth strategy
SWVL, a Dubai-based provider of transformative mass transit and shared mobility solutions, announced that several investors, including Agility and Chimera Abu Dhabi, have completed the pre-funding of $35.5 million of the aggregate PIPE subscription.
Nigerian mobility startup Plentywaka raises $1.2m seed funding, acquires Ghana’s Stabus
Nigerian mobility startup Plentywaka raised $1.2 million seed round, after successfully ending the Techstars Toronto Accelerator Program in July 2021. The startup also announced it has fully acquired Ghana’s mobility startup Stabus.
Energy Distribution startup Fuel Me wins Plug And Play's Supply Chain and Logistics Program
Fuel Me, a cloud-based fuel and energy distributor, was selected from a competition with 100 participating companies, for Plug and Play's "Supply Chain and Logistics Program".
Korean drone startup PABLO AIR expands U.S. drone delivery business
PABLO AIR, a company specializing in drone logistics solutions and delivery services and a member of Born2Global Centre, has collaborated with local American companies to expand its business in drone delivery in the United States.
South African delivery startup Picup introduces premium driver network for businesses
South Africa's crowdsource delivery tech startup Picup has introduced a premium service aimed at businesses that require drivers to represent their brand.
bp invests $7m in electric vehicle charging startup IoTecha
bp ventures has invested $7million in smart electric vehicle (EV) charging firm, IoTecha, leading a $13.2 million investment round.
Ivory Coast transport startup Moja Ride partners with O-CITY for its next phase of growth in mobility innovation
Moja Ride, an Ivorian startup providing a reservation and cashless payment system for transport services in Abidjan, has partnered with O-CITY for its next phase of digital innovation and future expansion.
Speedaf express completes Round A+ financing to build China-Africa express brand
Speedaf express, a China-Africa integrated logistics service provider, officially announced the completion of its Round A+ financing, led by TRUSTBRIDGE, followed by Northern Light VENTURE CAPITAL, and VISION+CAPITAL on the basis of Round A.
Startup STOW IT partners with airport parking operators to offer long-term travelers monthly parking at airports around the US
Set up and designed for long-term and monthly travelers, startup STOW IT has partnered with airport parking operators to offer the cheapest monthly rates at over 20 airports around the US, making long-term airport parking an easy option.
Africa's e-logistics startup Lori Systems appoints Uche Ogboi as new CEO
Lori Systems, Africa's e-logistics platform has announced the appointment of Uche Ogboi as its new Chief Executive Officer effective July 1 2021.
Mobility startup Beep secures $20m Series A investment for expansion
Beep, a provider of multi-passenger, electric, autonomous mobility solutions, announced today that it has recently closed the company's Series-A round with Intel Capital and Blue Lagoon Capital.
Venture builder Satgana launches first portfolio startup in Kenya, Mazi Mobility
After its launch in September last year, venture builder Satgana has announced its first portfolio startup from Nairobi, Kenya, Mazi Mobility, to address the issues faced by the public transport industry in the Global South by electrifying the motorcycle industry.
Plug and Play Canada selects 12 startups to participate in Toronto Supply Chain and Logistics Program
Plug and Play Canada announced the selection of 12 startups into the first batch of the Toronto Supply Chain & Logistics Program.
Danish startup MATE accelerates e-Bike expansion with new funding from Marcy Venture Partners
The Danish design startup MATE announced a new investment from Marcy Venture Partners to accelerate the future of smart transportation, with the global aim for the world to go greener via a new, smarter, more flexible, and flashy form of transportation.
DBSA launches second edition of the Youth Challenge in South Africa
The Development Bank of Southern Africa (DBSA), launched the second edition of the DBSA Youth Challenge, a competition aimed at harnessing innovative solutions from young people in South Africa to help address infrastructure challenges.
Logistics startup Logixboard raises $13m Series A funding to power the future of modern freight forwarding
Logixboard, the modern customer experience platform for freight forwarders, closed a $13 million investment led by Redpoint Ventures, with continued participation from Social Leverage, F-Prime Capital, Founders Co-op, Techstars Ventures, and others.
Kenyan e-mobility startup Ecobodaa secures funding from Persistent Energy Capital
Persistent Energy Capital announced a strategic venture building investment and partnership with Ecobodaa, a pioneer e-mobility startup, leading the revolution of the electric motorbike taxi (bodaboda) in Kenya.
Autonomous air cargo startup MightyFly raises $5.1 million seed funding to revolutionize logistics
MightyFly, an autonomous air cargo carrier, announced it has closed $5.1 million in seed funding, including investments from 500 Startups, At One Ventures, Global Founders Capital, Graph Ventures, and Halogen Ventures.
Kenyan logistics startup Amitruck and Sky.Garden announce last mile goods pick-up and deliveries partnership
Logistics platform Amitruck and e-Commerce platform Sky.Garden have partnered to form an end-to-end digital chain for goods pick-up and deliveries to the last mile.
Phantom Space Corporation startup raises $5m seed funding to revolutionize space transportation
Phantom Space Corporation, a space transportation technology development and manufacturing company, announced the raise of $5 million in seed investment funding to make space commerce commonplace and to lower the barriers to space access.
Kigali-based electric mobility startup Ampersand raises $3.5m from EIF
Kigali based electric motorcycle startup Ampersand has raised $3.5 million in funding from the Ecosystem Integrity Fund (EIF) to rapidly scale its electric motorcycle and swap station network in Rwanda.
Verdant Capital raises $9.9 million financing for East African tech enabled MSME lender Tugende
Pan African specialist investment financial institution Verdant Capital has raised $9.9 million Series A equity capital for Tugende, a technology enabled MSME lender in East Africa.
UniGroup acquires RevUnit joint venture and moving startup Handled
RevUnit and UniGroup joint venture, Handled, recently announced its full acquisition by United Van Lines and Mayflower Transit parent company UniGroup due to its early growth and innovative technology.
Logistics technology startup Baton raises $10.5m Series A funding
Baton, a logistics technology platform developed out of 8VC's acclaimed Build program, announced its $10.5 million Series A funding, co-led by 8VC and Maersk Growth, the corporate venture arm of AP Moller-Maersk.
Chinese logistics startup Duckbill closes $50m funding
Duckbill, the world container trucking/drayage service platform featuring intelligent dispatching and transportation management, announced the closing of fund raising of $50 million which marks the biggest funding in the industry.
[Nigeria] Kwik Delivery closes $1.7 million financing round to fund expansion
Nigerian last-mile delivery startup Kwik Delivery has announced that it has closed its pre-Series A financing round. The company successfully raised $ 1.7 million in equity from institutional and high net worth investors.
Logistics tech startup ZUUM Transportation launches ZUUM BEYOND TMS for shippers
Logistics technology innovator ZUUM Transportation launched ZUUM BEYOND TMS with ZUUM Business and ZUUM Enterprise, expanding the modular product line of their Logistics Super Platform.
Kenyan logistics startup Amitruck secures pre-seed funding for expansion across East Africa
Kenyan trucking logistics marketplace startup Amitruck secured an undisclosed investment led by US-based Dynamo Ventures with participation from Plug and Play Ventures and a collection of strategic angel investors.
Seattle-based traveltech startup Cabana rolls out new offerings, expands operations to California
Cabana, the Seattle-based traveltech startup reinventing how people travel through its fleet of luxe mobile hotels, is rolling out enhanced offerings to its customers in Seattle and soon to its newest market, Los Angeles.
Autonomous sweeper from Berlin startup approved for public road use in Singapore
The autonomous compact sweeper "Donner", developed by a consortium led by ENWAY and Bucher Municipal, has passed the Land Transport Authority's approval test for autonomous vehicles for use on public roads.
sennder raises $160 million to accelerate digitization of European trucking
Through its proprietary technology, sennder directly connects enterprise shippers with trucking companies, bringing greater transparency and efficiency to both carriers and shippers.
Ten biggest startup layoffs in 2020 hit 25,500, Uber leads with 30 per cent, report
Data presented by Buy Shares indicates that approximately 25,500 jobs have been lost in the top ten largest startup layoffs amid the pandemic. The layoffs were recorded between March 2020 and January 2021.
Ntuple launches Korea railroad ticketing system in Google Maps
Ntuple, a South Korean tech startup that focuses on backend technology has announced that it launched the Korea railroad ticketing service ‘ga-G’ in Google maps.
[Startup Interview] Daniel Gatura, CEO, Ace Mobility, Kenya
Daniel Gatura is the CEO and founder of Ace Mobility, a Kenya-based startup that is focused on improving the public transport by addressing mobility challenges of the vulnerable with a focus on the differently abled, women and elderly. Daniel elaborates.
On demand delivery provider GoFor raises $20 Million funding for expansion into the U.S
GoFor Industries, a provider in last-mile, on-demand and same-day delivery startup says it has closed a $20 million (CAD) Series A growth investment to continue its ongoing expansion into the U.S.
Plug and Play partners with SEDA to establish first-mile innovation hub in Savannah, GA
Plug and Play, the Silicon Valley based venture capital firm and corporate innovation platform, announced its partnership with the Savannah Economic Development Authority (SEDA) to establish a First-Mile Logistics innovation hub in Savannah, GA.
Australian AI startup HIVERY partners with JR East Water Business to optimize vending machines in Japan
Retail AI pioneer, HIVERY and JR East Water Business, have agreed to rollout HIVERY Enhance, an AI-driven vending machine optimization solution, to 6,000 vending machines across East Japan Railway's train stations.
Nigerian logistics startup Kobo360, IFC invite for innovative cooling solution projects in Nigeria
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.
South Korean startup Autonomous a2z raises $1.9m for autonomous driving solution
Autonomous a2z, a member company of Born2Global Centre and Sejong Technopark, received a seed investment of $1.9 million from angel investments by individuals and partner corporations.
Nigerian mobility startup Plentywaka expands car-hailing service in Delta State
Nigerian mobility startup Plentywaka, announced the launch of a new car-hailing service, Wakacab in Asaba and Warri Delta State, borne out of the need to expand and improve on the limited transport links in southern Nigeria.
Chinese autonomous truck startup Inceptio Technology raises $120m to accelerate volume production
Inceptio Technology, an autonomous truck company, announced a $120 million funding led by Contemporary Amperex Technology, developer and manufacturer of lithium-ion batteries.
Imperial partners with Kenyan logistic startup Lori Systems to expand e-logistics technology solutions across Africa
Imperial, an African and European-focused provider of integrated market access and logistics solutions, announced an investment in and partnership with Lori Systems to expand its cutting-edge e-logistics technology solutions across Africa.
FedEx invests in 200 small businesses in its grants programme
Global delivery services company FedEx Corp. has announced the completion of the company’s #SupportSmall Grants programme.
Nigerian mobility startup MAX.ng partners with DLM Capital to transform transportation finance in Africa
Metro Africa Xpress, a mobility platform in Nigeria and West Africa, announced the successful issuance of a ₦400m 1-year fixed-rate notes under its newly structured ₦10bn/$22m Private Company Bond program.
Neuron Mobility secures $12 million funding to expand to Australia, UK and New Zealand
Singapore e-scooter startup Neuron Mobility has announced its latest round of funding of $12 million, led by top Australian venture capital firm, Square Peg, along with global venture capital firm GSR Ventures.
[Startup Interview] Jason Gras, Emile Fulcheri, Stima, Kenya
Stima is a Kenya-based startup that operates a smart service swap stations providing charging services to enable moto-taxi riders to switch to electric motorcycles.
Australia startup Bolt Bikes rebrands to Zoomo, announces expansion to USA
Bolt Bikes Bolt Bikes, the mobility startup, has completed a Series A capital raise of $11 million to invest in expanding its operations in the United States and move into new categories globally.
Traveltech startup Omio raises $100m to strengthen position as global travel platform
Omio, formerly GoEuro, Europe’s leading multi-modal travel booking platform, announced it has secured $100 million in investments from existing and new investors.
German traveltech startup Omio launches 'Open Travel Index' to navigate new travel era
Europe’s leading multi-modal travel booking platform Omio is reigniting travel by launching a new online resource to help travellers easily understand where they can travel to within Europe.
Zipp Mobility gets green light for UK e-scooter trials
Zipp Mobility, the Irish micromobility startup, announced the UK Department for Transport (DfT) has approved the company’s e-scooter model for use in trials across the UK.
Uber set to acquire UK taxi software startup Autocab
Uber has announced that it has entered into an agreement to acquire UK technology startup Autocab.
Sweden e-scooter startup Voi Technology wins first large-scale exclusive trial deal in UK
Swedish-founded micro-mobility startup Voi Technology is getting ready to put its first fleet of e-scooters on UK streets.
Nigerian mobility startup Plentywaka raises $300,000 investment as it expands into Abuja
Nigerian mobility startup Plentywaka secured a pre-seed investment led by Emfato, Microtraction, and Niche Capital worth $300,000.
OneRail announces acceptance into Microsoft for Startups Programme
OneRail, an Orlando-based final mile delivery orchestration and fulfillment platform, hass announced its acceptance into the Microsoft for Startups immersive programme.
Pan-European micro-mobility startup Voi achieves profitability in June, secures $30m funding
Voi Technology, the pan-European micro-mobility leader announced it has reached its first-ever monthly profit at group level for the month of June, less than two years since it launched the e-scooter service which now operates across 40 cities.
Booking.com partners with Here Mobility to boost pre-booked airport taxi services in US and Europe
Booking.com and HERE have announced a partnership, that will give travelers using the Booking.com app and platform access to an additional 1.3 million vehicles in 70 cities across the US and Europe.
French startup Koala closes €1.6m seed round led by Insurtech Gateway
Paris based insurtech Koala announced an investment of €1.6 million led by London based incubator and fund Insurtech Gateway alongside Playfair Capital, Techstars Ventures and private investors.
ETF leads €7 million investment in Finnish startup Basemark
Basemark, a leading software company specialising in graphics and autonomous driving vehicle software, has successfully concluded a €7 million equity funding round by ETF Partners.
Uber acquires food delivery startup Postmates for $2.65 billion
Uber has announced that it will acquire US on-demand food delivery startup Postmates for approximately $2.65 billion in an all-stock transaction.
Belgium mobility startup Skipr secures €7 million to fund European expansion
Skipr, a Belgian startup that enables companies to bring the future of mobility to their employees, has secured a seven million euro Series A round of funding.
E-mobility startup Bolt launches electric bikes in Paris
E-mobility startup Bolt has announced the introduction of four and two-wheeled vehicles for Parisian urban commuters, who will now have the opportunity to get from A to B on a Bolt electric bike.
TIER Mobility gears up for UK launch, hires two industry top figures
TIER Mobility, a European provider of micro-mobility solutions has hired two senior figures in the ride-sharing and e-mobility sector as it gears up for its UK launch - Fred Jones as General Manager U.K., and Benjamin Bell as Head of Public Policy for Northern Europe.
Ziticity raises €2.2 million seed investment for Europe expansion
Lithuanian logistics platform Ziticity has closed a €2.2 million seed equity investment round led by NordicNinja VC in participation with Superhero Capital VC, Practica Capital, Superangel VC, Startup Wise Guys and business angel Maksim Golivkin.
[Startup Interview] Riaan Rautenbach, CEO, Live Fr8, South Africa
LIVE FR8™ is a South African startup that offers cargo suppliers and transporters improved and cheaper logistics services through cloud technology. Cargo suppliers and transporters connect directly.
French startup Monk raises $2.4m Seed round to develop AI-based inspection technology
French startup Monk, an Artificial Intelligence focused on car damage detection announced a $2.4 million fundraising Seed round led by Iris Capital, alongside Plug and Play and key business angels.
French healthtech startup Ambler raises €6 million to accelerate digitalization of medical transport
18 months after its first fundraising, Ambler has completed a € 6 million round of financing with Bpifrance via the Digital Venture pole, Idinvest Partners, Partech and Kima Ventures to accelerate the development of its platform for connecting carriers sanitary and health establishments.
UK startup Planet Smart City expands further in Brazil with new smart city launch
Planet Smart City startup, the global leader in smart afordable housing, has expanded its presence in Brazil with the launch of its fourth smart project in the country- Smart City Aquiraz.
Spain startup Zeleros raises €7m in financing to lead the development of hyperloop in Europe
Zeleros Hyperloop startup has completed a financing round worth more than €7 million for the company to start a new and important phase in the development of its unique version of hyperloop, the fifth mode of transport.
India’s Ola Electric acquires Dutch scooter startup Etergo
Ola Electric, an offshoot of Indian ride-hailing company Ola, has acquired Etergo BV, an innovative electric scooter OEM, based out of Amsterdam, the Netherlands.
Bolt raises €100m from Naya Capital to expand transport, food delivery services in Europe and Africa
Estonia-based Bolt has closed an investment round of €100m from Naya Capital Management to help the company continue to scale its product segments from ride-hailing to micro-mobility and food delivery in Europe and Africa.
BlaBlaCar partners with Voi Technology to offer e-scooters in France
Carpooling platform BlaBlaCar has chosen to extend its offer and partner with Swedish electric scooters company Voi Technology to offer BlaBla Ride Scooters.
Dutch e-bike startup VanMoof raises $13.5 million for global expansion
Dutch e-bike tech scale-up VanMoof, has raised approximately $13.5 million from Europe’ top venture capital firms Balderton Capital and assembly partner SINBON Electronics.
DispatchTrack announces $144 million funding to optimize last-mile logistics
DispatchTrack, a provider of SaaS-based last-mile logistics solutions in San Jose California, has closed a $144 million growth transaction led by Spectrum Equity.
Intel acquires urban transit startup Moovit for $900 million
Global tech multinational Intel Corporation has acquired Moovit, a mobility-as-a-service, MaaS, solutions startup, for an estimated $900 million.
[Startup Interview] Ali Messoudi, President, Transpare, Morocco
Transpare is a digital platform that makes international freight transport easier. Like Booking or Trivago for tourism, we put in relationship shippers and freight forwarders. Transpare.eu is totally free, both can register themselves in a few minutes only. Then they ask a quotation
[Startup Interview] Fahim Saleh, Founder, Gokada, Nigeria
Fahim Saleh founded the Lagos-based transport service app, Gokada, in February 2018. He now holds the position of co-CEO alongside Ayodeji Adewunmi. Gokada has since become an accepted and often-used means of efficient transport in the populous city.
Interviews.
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
Caroline Mutuku is Kenya's General Manager of multi-category app Glovo. Caroline joined Glovo in December 2022 from Swvl Kenya where she also served as the General Manager from December 2021. In this interview...read more here
[Interview] Renate Swanepoel, COO, INC. Networking
Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose. She has gained significant networking and communication...read more here
[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa
Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups...read more here
[Interview] James Kilpatrick, Chair, Gravitilab, UK
Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises. The company’s Chair and Chief Finance Officer...read more here
[Interview] Ramanjeet Singh, CEO, Woosper, USA
Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world. The CEO Ramanjeet Singh...read more here