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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.
As drivers we look out for them, as pedestrians we might be annoyed if they steer in our way but the riders themselves have developed better norms as happens in all forms of transportation. In the meantime we think we can build a globally complex, economically viable business that will be hard to disrupt. They’re not new.
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. He didn’t write back to me until I wrote this piece on backing disruption in the middle of the racial equity protests last June. “As Below is a link to the pitch video.
The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria. When starting in Nigeria, most two-wheel ride-hailing startups begin from Lagos, the nation’s hotbed of commerce and transport. Chinese and Japanese investors.
Shared transportation in Nigeria, Africa’s largest country by population, is a thriving business, at least when done the conventional way: offline. While most mobility tech in the country is centred around two-wheelers and car-hailing, there’s been hardly any deliberate disruption in the bus-sharing and mass transit space.
In a 2019 letter to the U.S. Department of Transportation, The American Association of Motor Vehicle Administrators (AAMVA) “[wondered] about the description of pedestrian ‘crumple zones,’ and whether this may impact the vehicle’s crash-worthiness in the event of a vehicle-to-vehicle crash. (R2X
Raised so far: Undisclosed amount / seed, 1 December 2019. Description: “Starfish Space aims to create an on-demand, in-space transportation and maintenance service for orbiting satellites. ” Starfish Space. ” Vector Photonics.
Lori Systems , an African on-demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters, has raised a pre-Series B round in which Google participated along with other existing investors. Lori has raised a total of $38.2 million, according to Crunchbase.
“We basically just chased the opportunity wherever it was,” he tells TechCrunch, summing up how Bounce tackled the last two years of pandemic disruption. ” The platform itself launched on Product Hunt in February 2019, ahead of the pandemic. Now almost half (45%) of its revenue comes from outside the U.S.,
Between 2006 and 2010, CEO Wilkerson, then a journalist and researcher, spent a great deal of time using motorcycles ( Boda bodas ) for quick and flexible transport. It was such an effective means for transport for him that he built a large contact list of “go-to” boda boda riders he would call for rides when need be.
The platform provides various tools and apps for accomplishing different tasks across freight procurement, trade and transport management, freight audit and payment and document management, as well as dispatch planning and analytics. The result of those major disruptions? billion in 2019.
The round was led by TIP, an innovation fund within the Ontario Teachers’ Pension Plan Board that focuses on late-stage venture and growth equity investments in companies that deliver disruptive technology. But it’s perhaps best known for its effort around robotaxis.
When consumers started buying cars, many predicted the transportation revolution would lead to air pollution, traffic and life-threatening collisions. As part of an ongoing series of interviews with transportation startup founders, ??Rebecca As a result, we’re starting to see “which startups are disruption-proof.”.
In 2019, the company name changed from Dragonfly Group to Veev. By replicating our Digital Fab facility near regions of demand, we’re able to build homes up to 4x faster than traditional means and avoid additional CO 2 e impact with unnecessary transportation.”.
Today, Alex Wilhelm says both transportation platforms plan to reach adjusted profitability by Q4 2021. In December 2019, Alex Wilhelm began reporting on startups that had reached the $100M ARR mark. Mario Schlosser (Oscar Health) at TechCrunch Disrupt NY 2017. “Utter confusion,” he replied.
Electric bike sales boomed in 2020, a phenomenon driven by the COVID-19 pandemic and the disruption it delivered consumers’ daily lives. electric bike startup — is a validation of Rad Power’s business model and its ability to expand beyond the $100 million in sales it generated in 2019.
Having reliable transportation is at the top of any gig worker’s list, but in Latin America, that’s not always easy to secure. This is the second company for Canals, who previously founded Lemontech, which was sold to KKR in 2019. Fleischmann is a serial entrepreneur who founded AVLA insurance and sold it to DEG, also in 2019. “We
South Korean startup Seadronix wants to reduce the issue of marine accidents, 75% of which are caused by human error, according to a 2019 Allianz safety and shipping report. The company just secured a $5.8 Our mission is to be an AI platform that ensures the safety and environmental protection of the ocean,” said Park.
In recent years, this method of farming has been spotlighted as a major investment area, with some reports saying $320 billion was pumped into this space as of 2019 , with major brands like Whole Foods saying regenerative agriculture would be the No. Along with Mike Adkins, they started 99 Counties to disrupt the $100 billion U.S.
As many edtech companies benefited from the disruption of the pandemic, attracting wads of cash from investors globally, it did feel like African startups were left out. Founded by Nigerian serial founder Sim Shagaya in 2019, uLesson came into the market when the pandemic hit last year. A uLesson centre. and South Korea.
The Station is a weekly newsletter dedicated to all things transportation. Russia invaded Ukraine last week, which, in addition to being a human rights tragedy, is going to affect industries far and wide as supply chains become even further disrupted than they were before war broke out. First thing’s first. Miscellaneous.
Transportation and Warehousing : a maximum of 500 to 1,500 employees. In South Africa , the previous definitions of SMEs were amended in 2019. Innovation: A unique feature of a startup is disruptive innovation. Retail Trade: a maximum of $7.5 million in average annual receipts (for one-third of retail trade industries).
In the near term, Lu pointed to supply chain disruptions and labor shortages. Since 2019, when TuSimple’s partnership with UPS began, the company has completed 160,000 miles of freight hauls for NAAF and says it saved the company 13% on fuel at speeds between 55 miles and 68 miles per hour.
Mobility… RTA and skyTran to develop driverless transportation system in Dubai. At the 2019 OurCrowd Global Investor Summit, eBay’s Chief Scientist and Director of Data Science disclosed how her desire to understand causality between world events led her to develop the ultimate AI data system. News from the Industry .
This will be a gamechanger for us,” says Geert Denutte, the founder of CGK, a Belgian company that makes 13-foot-high storage tanks for storing and transporting hazardous liquids. Startup of the Week: Forbes: A ‘sea’ of opportunities for alternative fish. Nobody else is doing such technology.
As in any disruptive industry, the forecast may be cloudier than the rosy picture painted by passionate founders and investors. As in any disruptive industry, the forecast may be cloudier than the rosy picture painted by passionate founders and investors. Today, the startup has swelled to 800 people and a $6.6
TechCrunch is excited to announce Swyft Cities won the TechCrunch Sessions: Mobility 2022 pitch-off and is fast-tracked into the Battlefield 200 at TechCrunch Disrupt in October. The Mountain View-based company is committed to improving transportation through the use of autonomous, lightweight, fixed-cable vehicles.
One of the largest ridesharing companies in China, Didi, started offering loans to drivers in 2019. But Costanzo argues Uils (pronounced “wheels”), which is one of the Battlefield 200 at TechCrunch Disrupt, stands apart in its ability to give a “360-degree” view of drivers in the mobility gig economy.
Cohen, who co-founded Fetcherr in 2019 alongside Shimi Avizmil, Uri Yerushalmi and Robby Nissan and serves as the company’s CEO, says that the company will put the funds toward supporting business development and market expansion and growing its U.S. Fetcherr today closed a $12.5 ” That’s a lot to promise.
In the context of colon cancer, fear, whether over the procedure itself or the result, have consistently been identified as barriers to testing in studies, but other barriers — cost, lack of insurance or transportation, or skepticism about screening guidelines — also remain powerful. . In 2019, 76.4
The company chose a price disruption strategy to swiftly dethrone Samsung from its leadership position in the Indian smartphone market, making it one of the trailblazers in the first wave of cheap, sub-$200 smartphones. Sharma co-founded an EV startup called Revolt Motors in 2019 ( sold to New Delhi-based RattanIndia Enterprises in January).
In retrospect, 2019 feels like the working world’s last dance with spontaneity. He thinks the market opportunity for his company, an in-stealth remote HQ, is in the trillions because it has the potential to disrupt real estate, transportation and, in a macro sense, urban cities. “I
The crypto unicorn, as my colleague Alex Wilhelm notes , grew just over 139% in 2020, a massive improvement on its 2019 results. SAN FRANCISCO, CA – SEPTEMBER 07: Coinbase Co-founder and CEO Brian Armstrong speaks onstage during Day 3 of TechCrunch Disrupt SF 2018 at Moscone Center on September 7, 2018 in San Francisco, California.
Image Credits: Wellthy Jurist-Rosner founded Wellthy in 2015 (the startup actually launched as a Battlefield contestant at TechCrunch Disrupt that year ) to help others like herself who were juggling work and caregiving. F rom 2019 to 2022 the number of lives covered with Wellthy benefits grew from about 100,000 to 2 million.
This, in turn, is disrupting the delicate balance of GHGs in the atmosphere, causing too much heat to be trapped. Three major emitters of GHGs are: The energy industry; The animal agriculture sector; And the transportation sector. Lastly, the transportation sector is also responsible for a significant amount of emissions.
Inflation continues unabated, driving up food, rent, and transportation costs. Supply chain disruptions threaten to delay the shipment of goods such as baby formula. In a 2021 survey from Coresight Research, nearly two-thirds of U.S. consumers — 60% — said that they were buying groceries online, up from 36.8%
They can range from a large shipping company finding ways to efficiently transport thousands of containers to a railway station, with more than 30,000 kilometres of railway, trying to automate scheduling for 10,000 trains. Other examples are the design of advanced therapeutics with silicon and routing components on a printed circuit board.
In 2019, InstaDeep raised an $8.5 InstaDeep utilizes advanced machine learning techniques, including deep reinforcement learning in applications within an enterprise environment that cuts across various industries such as biotech, transportation, electronics manufacturing and logistics.
When the coronavirus surfaced in China in December 2019, it set off a domino effect worldwide – with the number of active cases snowballing rapidly. . Barcode Diagnostics can determine the efficacy of multiple chemotherapy drugs on a patient’s cancer, according to the patient’s specific DNA barcode.
When the coronavirus surfaced in China in December 2019, it set off a domino effect worldwide – with the number of active cases snowballing rapidly. Greater agility, better infection containment, fast diagnostics and telemedicine: Meet your healthcare providers post Covid-19.
Because Sweetgreen raised hundreds of millions of dollars during its life as a private company, including myriad venture capital rounds — through a Series I in 2019 — along with capital from other investors. Salads transport well — they are not soup — and are as plant-based as you’d like.
Besides my experience, I read and talk about diversity in tech every day, so when I was offered a chance to speak to three founders from underrepresented groups at TechCrunch Disrupt, I was eager for the opportunity. It’s easier to raise and harder to spend these days, because there’s such a high demand for talent,” Dua said.
Building on a Proven Track Record Since its inception in 2019, TDK Ventures has carved out a distinctive space in the venture capital world by targeting startups developing transformative technologies in areas often underserved by traditional VCs.
Novel disruption has fallen out of favor, with many preferring more time-tested models like enterprise SaaS and biotech. Yes, all three were unprofitable for the first half of 2019. IPOs have still outperformed the S&P 500 in 2019, although the gap has shrunk significantly this month. Peloton yesterday raised over $1.1
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