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Parallel Systems, a company founded by three former SpaceX engineers to build autonomous battery-electric rail vehicles, came out of stealth mode on Wednesday with a $49.55 million Series A raise. The company, which has raised $53.15 million to date, including a $3.6 The company, which has raised $53.15 million to date, including a $3.6
She initially thought she’d focus on transportation, but her mind kept returning to consumer consumption habits and the potential to reduce CO2 emissions by targeting consumer behavior. The world will be a better place because of what Joro will bring to market.”. “Systems are made of people.
SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). Due to the impact of COVID-19, there has been a change in the way people travel, such as avoiding congestion. since December 2020, as per its statement.
The BRT is a bus-based public transportsystem that delivers fast, comfortable and cost-effective services within metropolitan areas. This is due to several challenges, including weak electricity grids, insufficient charging infrastructure and a general lack of awareness.
Optibus , which uses AI to help public transportation bodies and their mass transit partners plan and operate their networks, has raised $100 million, funding that it will be using to continue expanding its product set and wider business footprint, CEO and co-founder Amos Haggiag said in an interview in London this week.
As last-mile delivery increases due to a booming e-commerce scene and pandemic habits now ingrained in consumers’ lifestyles, the biggest market for micromobility will end up being in the commercial space, not focused on consumers. “It “It makes little sense to deliver an iPhone or a poke bowl in a Buick.”
“We are thrilled to be partnering with Novastar, Moxxie and this incredible group of investors, all of whom are deeply experienced in rapidly scaling businesses in this market. The support and knowledge of this investor group will catalyze BasiGo in its mission to make East Africa a leader in inclusive, sustainable bus transport,” he said.
Kodiak will examine how it can use SK’s products, components and technology for its autonomous system, including artificial intelligence microprocessors and advanced emergency braking systems. “What would it look like to bring Kodiak’s AV technologies to Asian markets? . There’s South American markets.
Jona Christians and Laurin Hahn, Sono Motors’ co-founders, weren’t that into cars, but they recognized how much transportation contributes to the burning of fossil fuels and thought that would be a good place to start. before the market closed. The company’s path to market is twofold.
In a session entitled “From Cage to Stage: Commercializing AI and Robotics,” the panel will share their considerable experience in what it takes to move a robot or AI process from the lab to market. Abbeel’s work has been featured in the New York Times, Wall Street Journal, BBC, Rolling Stone, Wired, Tech Review and (of course) TechCrunch.
The Mountain View-based company is committed to improving transportation through the use of autonomous, lightweight, fixed-cable vehicles. The company says that its solution offers a lower cost per mile with fewer carbon emissions than conventional transportation alternatives.
Its weather-related services can be as simple as helping utilities predict short-term demand for energy, or as complex as advising maritime transporters on routing ocean-going cargo ships around developing storms. Very little innovation was happening because most of the energy was going towards having those five systems run in parallel.”.
We believe [being vertically integrated is] the fastest way to get to market because we don’t have to worry as much about some of the supply chain issues. It also ostensibly helps to avoid vehicle crashes, like the one currently being investigated by the National Transportation Safety Board based on a Joby aircraft crash in February. .
This includes all the administrative processes, from shippers to importers, and covers logistics, customs, charges and transportation booking. after 2024, Choi said, observing that there is a lot of market share left to grab. billion in 2030 , up from $2.92 and China], and more companies are reshoring the U.S.
The company designs and sells electric bikes that are quite popular in some markets. If you’re not familiar with VanMoof’s e-bikes, TechCrunch reviewed both the most recent S3 and X3 models. VanMoof X3 e-bike review: Transportation revelation. They feature an electric motor paired with an electronic gear shifting system.
These retailers are beholden to an inefficient distribution system that results in inconsistent inventory availability, opaque pricing and limited access to formal financial and banking services. It connects retailers to local and multinational distributors of consumer brands, like Unilever, Nestlé, Procter & Gamble, Dangote, and PZ.
Supply chain disruptions — triggered by factors including demand surges, high transportation costs and pandemic-related lockdowns — are expected to continue well into next year, experts predict. But according to Komoni, most tracking is done manually via loose systems of emails, spreadsheets and phone calls.
They also check a variety of sources before making a final purchasing decision, from search engines and retail websites to product ratings and reviews, price comparison websites, and social media. Other impediments include older IT systems and lack of visibility into sales and the supply chain. And they are making progress.
“The entire global supply chain today is run by semistructured information and siloed data systems. Because of this, these supply chain businesses have extremely limited visibility on their own businesses due to the lack of access to their own data,” Alandy Dy told TechCrunch in an email Q&A. billion in the U.S.
Tens of millions of containers are imported and exported from Latin America each year, and nearly half of them are either delayed or lost due to mismanagement. And, an estimated 50% of shipping containers suffer delays due to disorganized processes or errors during transport, which ends up costing companies billions per year.
Africas IT landscape is experiencing accelerated digital transformation due to a young, tech-savvy population, aboost in thegross domestic product (GDP), and anincrease in demand for low-latency connectivity. Interconnection opens access to foreign markets, but it also encourages cross-continental trade.
Due to the nature of its business, Plentywaka had to make a slight pivot and began transporting essential services across Lagos, especially food items. Backed with the new funding, Plentywaka has since doubled down on its core offering — transporting people via buses. It also opened a logistics service.
The next industrial revolution – Multi-agent systems and small Gen AI models are transforming factories Jonathan Aston Jan 23, 2025 Facebook Linkedin Factories are transforming and becoming smarter through the introduction of powerful multi-agent AI systems. In this blog, well take a closer look at some of these new developments.
If teams don’t do their duediligence, they risk omitting from design documents important mechanical equipment, like exhaust fans and valves, for example, or failing to size electrical circuits appropriately for loads. ” Competition in the market. ” BeamUP’s building portfolio dashboard for mobile.
Brian Smith was an early believer in the city, founding S3 Ventures with a $20 million first fund after a career as an electrical engineer at companies like IBM before starting his own company, Crossroads Systems. Tacora has signed some term sheets already, but is going through the regulatory duediligence process, Findley said.
Helm.ai, a startup developing software designed for advanced driver assistance systems, autonomous driving and robotics, is one of them. says it has developed software that can skip those steps, which expedites the timeline and reduces costs; that lower cost also makes it particularly useful for advanced driver assistance systems.
This story is about three water utilities that worked together, like the fictional Fremen of the desert-planet Arakkis, to build a synergistic system to manage water usage across their entire water sector sustainably and much more efficiently. With the Smart Water Platform, everything is integrated,” explained Opreel. “Our
It’s an environment generally where the public markets tend to gravitate more toward higher-quality opportunities, so fewer companies but higher quality, and that’s where I think SPACs could play a role. We just funded a company called ClassEDU , which is a Zoom-specific offering for the education market.
Following a legislative review of state purchases in fiscal year 2022, the state of Oklahoma discovered that its agencies had procured more than $3 billion worth of goods and services outside the oversight of its Office of Management and Enterprise (OMES) Central Purchasing division. And the market for process mining tools is growing.
Before fintechs became the standouts of the African tech ecosystem, it was startups in the online logistics and transport space in Africa linking on-demand apps to move people and goods around the continent that was all the rave. For the online logistics space, it’s not difficult to see why investors were quite curious about the market.
The booming satellite industry has been a boon for Morpheus Space , which produces a modular, electric propulsion system for small satellites. Because the system is modular, NanoFEEP thrusters can be combined to create more powerful propulsion systems to meet the needs of a specific satellite.
Israeli startup TriEye has raised $74 million to commercialize a type of sensing technology that can be used to help autonomous and driver-assistance systems to see better in adverse conditions. While SWIR sensing is not new, it has mostly been restricted to the aerospace and defense industries due to its high cost.
For each shipment, these algorithms review 20 different data points and either approve the purchase or flag that a manual review is required. Beyond this, the Denim platform integrates with accounting software like QuickBooks to allow brokers to share data between various existing systems.
They’ll be covering most of that bill themselves, Parametrix said: “The portion of the loss covered under cyber insurance policies is likely to be no more than 10% to 20%, due to many companies’ large risk retentions, and to low policy limits relative to the potential outage loss.” 700 million for remediation alone According to a study by J.
This was the first time Astrix was really able to prove its concept, one that had industry experts skeptical due to the unpredictable nature of inflatable things in space. Power systems at the moment can cost more than what it costs to build the satellite itself,” Jones told TechCrunch. ” So then I was like, “Oh, sorry.
Chris Selland , partner at TechCXO , succinctly explains how tiering works: Implementing a tiered storage strategy, leveraging cloud object storage for less frequently accessed data while keeping hot data on high-performance systems, allows organizations to scale cost-effectively while maintaining quick access where its most needed.
The Station is a weekly newsletter dedicated to all things transportation. HumanForest did a marketing thing with dating app Bumble that was actually kind of cute. Shop owners should stop complaining to their local transportation authorities when parking spots get repurposed for bike lanes. Listen up founders! million Series A.
“It is still small-scale, and the most important thing we are doing that other companies should do is focus on the design, engineering and full-scale installations of vessels and the supporting systems to make a lot of it,” said Josh Tetrick, co-founder and CEO of Eat Just, which sells lab-grown chicken meat in Singapore.
Swiss Franc (about $29M) round suggests they see a market and a way to capture it. They’re currently nailing down the guidance, navigation, and control systems that will allow the craft to operate autonomously. Due to its parameters, it is a suitable engine for both the subsonic and supersonic flight phases of our hyperplane. .
From robotics to marketing, the technology of the world is changing. Of course, the transportation industry is no exception to this rule. A simple Google patent search can demonstrate that, in the past ten years alone, there have been countless new patents filed in the field of transportation technology. Absolutely not!
In a sign that the market for logistics and transportation tech isn’t cooling (economic downturn be damned), HyperTrack , a startup offering APIs for freight order planning, assignment and tracking, today closed a $25 million Series A funding round. food and goods delivery services) for location and mapping tech.
The Station is a weekly newsletter dedicated to all things transportation. The fourth round of the Transit Tech Lab has launched and is looking for technologists to submit ideas on ways to restore customer confidence in public transportation, improve resilience to weather extremes, and further reduce the region’s carbon footprint.
Gbike , a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .
While legacy sectors like transportation and energy have embraced new tech, innovation in the construction industry has been slow to take hold. Due to the Great Resignation and restrictions to immigration laws, “this labor shortage affects both blue-collar and white-collar labor,” said Sungjoon Cho, partner at D20 Capital.
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