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Volta to supply DB Schenker with 1,500 electric trucks
Germany’s DB Schenker will order almost 1,500 electric lorries from Swedish startup Volta Trucks. They will operate at 10 European terminals, and transport goods into cities. "The large-scale partnership with Volta Trucks allows us to significantly increase the pace of electrification of our fleet and invest in greener transport solutions," said Cyrille Bonjean, DB Schenker's executive VP.
GajiGesa raises $6.6m to support unbanked Indonesian workers
GajiGesa, a fintech company focused on services for Indonesian workers has raised $6.6m in pre-Series A funding round led by MassMutual Ventures. About 66% of Indonesia’s 260 million population is “unbanked,” lacking a bank account and have limited access to financial services like loans. GajiGesa was built by husband-and-wife team Vidit Agrawal and Martyna Malinowska to address this issue.
Electric bike startup Upway secures $5m in seed round
French startup Upway has raised $5.7m to help build its marketplace for second-hand e-bikes. Founded by former Uber execs Toussaint Wattinne and Stéphane Ficaja, Upway buys e-bikes second hand, repairs them, and sells them under warranty. “We're removing the barriers to purchasing electric bikes by providing a wide range of models that have been reconditioned, at affordable prices,” says Wattinne.
EdTech company Talent Garden acquires Hyper Island
Italian EdTech company Talent Garden, which provides digital education platforms, has acquired Sweden’s Hyper Island. A business school with presence across America, Europe and Asia, Hyper Talent’s programmes aim to increase students’ knowledge of tech. Talent Garden hopes the acquisition will create a European EdTech alliance, with the company taking a controlling stake in Hyper Island.
EV maker Phoenix Motors files for IPO
Phoenix Motors, a manufacturer of electric trucks and buses in California, has filed for an IPO. It becomes the latest EV maker to go public after a swell of support for sustainable transport. Founded in 2003, Phoenix's first commercial EV bus was launched in 2014. Its fleet is now used in both the public and private sectors. The company was acquired by SPI Energy last November.
Nissan to make $17.6bn investment in EVs
Japanese carmaker Nissan has announced it will invest $17.6 billion over the next five years developing new EVs and battery technology. The investment is part of a grand plan o “democratise” battery-powered cars that the company calls “Ambition 2030". Nissan has set a target to release 15 new EVs total by 2030, with electrified vehicles making up half its vehicle lineup at that point.
Australia proposes new laws to prevent online trolling and defamation
Australian Prime Minister Scott Morrison has announced the introduction of new legislation to address online trolling and defamation. The new laws would make social media giants provide details of users who post defamatory comments. The news comes following the ruling by the country's highest court that stated that publishers can be held liable for public comments on online forums.
Audi’s EV partnership with China’s FW Group delayed
FAW Group’s partnership with Audi to build electric vehicles has been delayed. The date to start building the manufacturing plant hasn’t been revealed, but approval is expected to be granted in December following an intervention from Germany’s economic ministry. Audi, owned by Volkswagen, and state-owned FAW Group signed a memorandum of understanding in October 2020 to build premium EVs in China.
Sanofi backs healthcare AI startup Owkin
Sanofi has made a $180m investment in Owkin, the healthcare AI company. Owkin's solutions are based around biomedical AI models and datasets. The French company has now achieved unicorn status, and Sanofi will utilise its platform to discover and develop treatment programmes for breast cancer, lung cancer, mesothelioma and multiple myeloma. A spokesperson called Owkin's methodology "unique".
Astroscale raises $109m to clean up orbital altitudes
Astroscale, the startup which helps orbital businesses be more sustainable, has raised $109m from a new funding round. Its products and services ultimately help clear debris from orbital altitudes, meaning satellites last longer. Astroscale's founder said the cash will help it "dramatically accelerate its ability to make on-orbit servicing routine by 2030". Japan's The Fund led the funding round.
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