[Virgin Hyperloop One in Intelligent Transport] Virgin Hyperloop out to inspire next generation of engineers with display

Virgin Hyperloop will display its revolutionary vehicle at the world-famous Arts + Industries Building in Washington DC in a bid to inspire the next generation of engineers.

Read more here.

The post [Virgin Hyperloop One in Intelligent Transport] Virgin Hyperloop out to inspire next generation of engineers with display appeared first on OurCrowd Blog.

OurCrowd Blog

German air-taxi startup Volocopter raises €200M; aims to launch its service in the next two years

Volocopter

Currently, last-mile mobility and inter-city travel sectors are dominated by electric vehicles and e-scooters as they can help reduce harmful emissions as well as reduce traffic in metro cities. However, with advanced technologies coming into the picture, short-distance air travel is also expected to soon become a reality. In a recent development, Volocopter, Germany-based urban air mobility (UAM) startup, has raised an additional €200M in its Series D round of funding.

How will the funds be utilised?

The raised capital will be used to solidify Volocopter’s position in the UAM market. The funds will help bring the VoloCity (an autonomous electric aircraft), the battery-powered air taxi for cities, to certification and accelerate the launch of its first commercial routes.

Volocopter’s mission

The company aims to build the ecosystem necessary to “Bring Urban Air Mobility to Life” by cooperating with partners in infrastructure, operations, and air traffic management.

Volocopter is building the world’s first sustainable and scalable urban air mobility business to bring affordable air taxi services to megacities worldwide. With the VoloCity, the company is developing the first fully electric “eVTOL” aircraft in certification to transport passengers safely and quietly within cities.

Brief about Volocopter

Founded in 2011 by Stephan Wolf and Alexander Zosel, Volocopter is managed by CEO Florian Reuter, CTO Dr Arnaud Coville, CFO Rene Griemens, and CCO Christian Bauer, chaired by Stefan Klocke. The company employs about 300 people in its offices in Bruchsal, Munich, and Singapore.

Volocopter offers a holistic approach to the UAM market by developing a full ecosystem to connect all the vital parts to get the industry off the ground. This includes multipurpose aircraft (VoloCity and VoloDrone), and physical and digital infrastructure (VoloPort and VoloIQ), as well as partnerships with global leaders in their respective fields.

Florian Reuter, CEO of Volocopter says, “Volocopter is ahead of the curve in the UAM industry, and we have the achievements to prove it. No other electric air taxi company has publicly performed as many flights in cities around the world, with full regulatory approval, as Volocopter has.”

He further adds, “Our VoloCity is the fifth generation of Volocopter aircraft and has a strong path to being the first certified electric air taxi for cities. Volocopter already has the extensive partnerships necessary to set up the UAM ecosystem for launching both our company and the industry into commercial operations. We are called the pioneers of UAM for a reason, and we plan to keep that title.”

Investors in this round

New investors in Volocopter include funds managed by BlackRock; global infrastructure company Atlantia S.p.A.; Avala Capital; mobility technology giant Continental AG; global technology-focused investment fund Jericho Capital; global technology and business solutions provider NTT via its venture capital arm; Tokyo Century, a leading Japanese leasing company; leading family offices, and others. 

Besides, all existing investors including Geely, Daimler, DB Schenker, Intel Capital, btov partners, team Europe, and Klocke Holding amongst others also joined the round.

The first test

In 2011, Volocopter performed the first-ever crewed flight of an electric multicopter and has since showcased numerous public flights with its aircraft. The most notable has been the public test flights at Singapore’s Marina Bay in October 2019 and the world’s first autonomous eVTOL flight in Dubai 2017. 

The company is also developing products for the logistics space with its heavy-lift cargo variant, the VoloDrone.

Growth and development

Volocopter claims to be the first and only electric vertical take-off and landing (eVTOL) company to receive Design Organisation Approval (DOA) by the European Union Aviation Safety Agency (EASA). It expects its first commercial air taxi routes to be opened within the next two years.

Volocopter has performed several milestone flights in Helsinki, Stuttgart, Dubai, and over Singapore’s Marina Bay in recent years. While the first routes are yet to be announced, the company has committed to establishing air taxi services in Singapore and Paris, with plans to expand many more routes in the US, Asia, and Europe.

In February 2020, the German drone startup raised €87M in its extended Series C round. It was back in September 2019, that the company had raised €50M in the initial closing of its Series C round of funding. With the current Series D round, the startup has raised a total of €322M in funding, to date.

Startups – Silicon Canals

Electronic Warfare Systems Market Revenue Analysis Report with Future Business Scope and New Investment Plans for the Next Five YearsBAE Systems Plc. (UK), Gener – Express Keeper – Express Keeper

Electronic Warfare Systems Market Revenue Analysis Report with Future Business Scope and New Investment Plans for the Next Five YearsBAE Systems Plc. (UK), Gener – Express Keeper  Express Keeper
“sweden startups when:7d” – Google News

[Zoomcar in CarAndBike] Exclusive: Zoomcar Mobility Services Aims To Support 1 Lakh Electric Vehicles By Next Year

Zoomcar said that it is working with leading electric two- and three-wheelers manufacturers to power their overall ecosystem for connectivity, Internet of things (IoT), and support their subscription businesses through Zoomcar Mobility Services.

Read more here.

The post [Zoomcar in CarAndBike] Exclusive: Zoomcar Mobility Services Aims To Support 1 Lakh Electric Vehicles By Next Year appeared first on OurCrowd Blog.

OurCrowd Blog

[BlueNalu in Restaurant Business] How Cell-Based Seafood Could Become the Next Catch of the Day

Companies are working to grow fish filets from cells. They just need U.S. regulatory agencies to approve their creations before restaurants can sell it.

Read more here.

The post [BlueNalu in Restaurant Business] How Cell-Based Seafood Could Become the Next Catch of the Day appeared first on OurCrowd Blog.

OurCrowd Blog

German electric vehicle manufacturer, e.GO Mobile, raises €30M to start its production of e.GO Life NEXT

Electric Vehicles

Next.e.GO Mobile, an Aachen, Germany-based electric vehicle manufacturer, has announced that it has raised €30M in its Series B round of funding to start the production of its German factory and support the company’s growth.

In September 2020, nd Industrial Investments BV, part of international private equity company nd Group BV, had acquired a majority stake in Next.e.GO. 

nd Group BV is a PE and holding company, headquartered in the Netherlands. It was founded in 2008 and primarily focuses on EV, alternative energy, fintech, healthtech, industrial assets, and real estate.

Investors in this round

The round saw participation from renowned international investors including Moore Strategic Ventures (MSV), the privately held investment company for Louis M. Bacon, founder & CEO of Moore Capital Management, LP; John Snow, previous US Secretary of Treasury; Alejandro Agag, the founder and Chairman of Formula E and a pioneer in EV racing; and Edward Norton – a three-time Academy award-nominated actor, writer, director and co-founder of technology companies such as CrowdRise and EDO.

Use of the funds

The raised capital will help the company to start the production of the e.GO Life, a four-seater passenger car, at the company’s facility in Aachen, this June. The production of the car will initially focus on a special-limited edition e.GO Life NEXT, only available to the first 1,000 customers, and is priced at €22.990 including VAT.

“We are very pleased with the success of the Series B funding and more so with the quality and impact of our great investors, who have joined the Next.e.GO journey in driving the transformation of carbon-free urban mobility and offering true life-cycle sustainability” says Ali Vezvaei, CEO of nd Group B.V. and Member of the Board at Next.e.GO Mobile.

About Next.e.GO Mobile SE

The company is led by Günther Schuh, founder and Chairman of the Administrative Board, Next.e.GO Mobile SE. It is currently developing an electric four-seater passenger car, e.GO Life. 

In addition, the company is working closely with suppliers of electronics and plastic components to progress on all fronts.

In February 2020, the company launched the e.GO Life Concept Cross as a city utility vehicle and a clean utility vehicle at the same time. The vehicle offers a 72 kW electric motor and a larger battery than the e.GO Life 60. Currently, the e.GO Life Concept Cross is available for pre-order in Geneva. The company’s e.GO Life Sport is also available for pre-order.

Startups – Silicon Canals

Slutty Vegan Founder Pinky Cole Featured On Forbes ‘Women Of The Next 1,000’ List – Green Queen Media

Slutty Vegan Founder Pinky Cole Featured On Forbes ‘Women Of The Next 1,000’ List  Green Queen Media
“startups when:1d” – Google News