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EV Shuttle and School Bus Manufacturer Endera Gains $49 Million to Support Growth

American Entrepreneurship

Endera, a rapidly growing leader in the electric vehicle (EV) industry, has secured $49 million to propel its mission to revolutionize the American transportation sector. This infusion of capital will enable the company to scale production, expand its product line, and generate new jobs at its world-class production facility in Ottawa, Ohio.

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Bumo’s Innovative Child Care Platform Gains $10M in Seed Funding

American Entrepreneurship

Led by True Ventures and Offline Ventures, with participation from Goodwater Capital and Marketplace Capital, the investment underscores the need for flexible, accessible, and high-quality child care solutions. Rapid Growth and Future Expansion With its new capital, Bumo plans to: Expand into additional U.S.

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Rallying for rural entrepreneurship: addressing the challenges that face rural small businesses

Source Link

New and enduring challenges in accessing capital. Anyone who has started a business knows that access to capital is essential. Even when broadband connectivity reaches rural locales, a lack of capital can be a barrier to operating a business successfully in this digital space. Distance and transportation.

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Out There Bets and Insider Games: The Social Barriers to Funding Big Ideas

This is going to be BIG.

In June of 2019, I got a cold e-mail with a single link: “My name is Braeden Kelekona and I’m the founder of Kelekona, a drone service for passengers and cargo. This company is going to need far more capital than I’m able to shell out. Below is a link to the pitch video. And then I disappeared. Am I seriously going to fund this?

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Kenyan tech-enabled logistics platform Amitruck raises $4 million, embarks on Uganda, Tanzania expansion

TechCrunch

The shipping business in Africa has for years been inefficient and costly due to the traditional ways of managing operations – traditional in the sense that a shipper has to physically look for a transporter, sometimes through a middle-man, and often, once goods are delivered, the trucks almost always make the return trip empty.

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MoveinSync Targets $50 to $60 Million in Latest Funding Drive for Commute Innovation

AsiaTechDaily

Their offerings include MoveinSync Ion, a SaaS-based platform designed to manage employee transportation, and MoveinSync One, a comprehensive solution for accessing various commute modes like cabs, shuttles, and buses.

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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

But in 2019, various policymakers across different parts of the continent signed the African Continental Free Trade Area (AfCFTA) Agreement — a framework for Africa to be a single market for trade and services — to make intra-trade less painful (side note: the agreement is yet to make any significant impact.). .