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Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app

TechCrunch

It will be using the funds to continue expanding to new geographies and to bring more consumers and partners to its “super app”; and newer business lines, such as its 15-minute grocery delivery option Bolt Market, will be building out ‘dark stores’ in more cities to expand the service beyond the 10 where its active today.

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Treepz founder Onyeka Akumah on how to succeed in transportation tech

TechCrunch

In sub-Saharan Africa, only 33% of the urban population has access to public transportation, compared to 75% in Europe and North America, according to UN statistics. This lack of access to transportation is in stark contrast to other upward metrics on the African continent, like its growing access to equitable education and healthcare.

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The air taxi market prepares to take flight

TechCrunch

million, though, of course, neither company has brought a product to market yet. Mobility companies, including those working on electrified transport, are often pre-revenue and have capitally intensive business models — a combination that can make it difficult to find buyers in a traditional IPO. million and Archer’s was $24.8

Marketing 277
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Nigerian shared mobility startup Shuttlers raises $1.6M, plans pan-African expansion

TechCrunch

Shared transportation in Nigeria, Africa’s largest country by population, is a thriving business, at least when done the conventional way: offline. With millions of Nigerians using danfo minibuses and okadas to commute to their various workplaces and destinations, mobility startups have sought to digitize the market.

Mobile 363
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Sumutasu secures $10M to digitize Japan’s real estate market

TechCrunch

In Japan, where the real estate market is fragmented, homeowners have faced uncertain selling prices riddled with brokerage fees and an average selling period of between four and eight months, Ito said. per the 2020 report of the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). and the U.K., and the U.K., While the U.S.

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Siemens and Accenture launch joint business group to transform manufacturing

CIO

Digitalization of manufacturing Roland Busch, president and CEO of Siemens AG, extolled the advantages of the partnership: Two market leaders bring together their unique capabilities: technology, data access, and strong expertise in software, automation, and industrial AI and Accentures strength, data, and AI in engineering and manufacturing.

Groups 171
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SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

TechCrunch

Socar , South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans.

Marketing 245