Tag: transportation
Volvo’s Concept Recharge offers a peek at the company’s ‘pure’ EVs
Volvo's electric vehicles to date have been offshoots of existing car platforms (yes, even the Polestar 2), but it's now ready to show just what it can do when it builds an EV from the ground up. The brand has unveiled a Concept Recharge design that shows the direction for…
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Rocket startup Gilmour Space raises $46M Series C to take small launch vehicle to orbit
Australian rocket launch startup Gilmour Space Technologies is betting that bigger isn’t always better. The company has developed a small launch vehicle it calls Eris, a 25 meter (82 foot) rocket that can deliver payload of up to 215 kilograms (474 lbs) to sun synchronous orbit. Now, it’s raised a…
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Zipline raises $250M at $2.75B valuation to build out its instant logistics service
Drone delivery startup Zipline, a company that got its start delivering medical supplies across Africa, has raised $250 million in new funding. This latest round has vaulted the company’s valuation to $2.75 billion and will fuel further expansion of its logistics networks in Africa and the United States. Zipline made…
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Rimac Automobili founder Mate Rimac shares lessons from bootstrapping an EV company
‘We had situations where I can’t even start to explain what we survived’ Kirsten Korosec 7 hours Mate Rimac’s founder story has the makings of automotive folklore. He started Rimac Automobili in his garage in 2009 as a literal one-person operation that has grown to a company with more than…
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Ghana’s Jetstream lands $3M to build the digital infrastructure for Africa’s trade corridors
The share of exports from Africa to the rest of the world ranged from 80% to 90% between 2000 and 2017. This has created a growing demand for Africa to be less dependent on commodity exports and focus on regional commerce. Not only does this decrease export dependence, but it…
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Why is Didi worth so much less than Uber?
Years ago, U.S. ride-hailing giant Uber and its Chinese rival Didi were locked in an expensive rivalry in the Asian nation. After a financially bruising competition, Uber sold its China-based business to Didi, focusing instead on other markets. The two companies are coming head-to-head again, however, as Didi looks to…
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