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Japanese Prime Minister Yoshihide Suga has set a target of reaching net-zero by 2050. Octopus has also launched Electric Juice, an electric vehicle roaming network, and partnered with Tesla to launch Tesla Power. Japanese renewables lag the U.K. by 50% (renewables in Japan in 2019 accounted for 18.9% of electricity versus 37.9%
Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Though some businesses may never be truly sustainable, a venture firm in Seoul argues that emerging climate-tech startups will help big manufacturers do better overall. Getting there will be another story. Sopoong has closed on around $8 million (10.3
So while Toyota Ventures’ investment approach isn’t changing, it’s broadening the scope of startups it will consider investing in. . “AI Startups are experiments in the marketplace, and this is a way for us to understand and get comfortable with where innovations are coming from.” .
Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to further expand in the country and Southeast Asian markets. Overall, the startup’s revenue has ballooned by 300% since September 2019, when it last raised money , he said.
ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. ZEBOX looks for startups in four area.
This strategic partnership will help catalyze the investment in companies that are making substantial contributions towards the global target of achieving a net-zero economy by 2050, according to the announcement.
Register Japanese electric vehicle (EV) startup Terra Motors has successfully raised 4 billion yen ($28 million) in a recent Series C funding round. Japan’s goal of achieving carbon neutrality by 2050 and transitioning to a decarbonized power supply underscores the importance of expanding the adoption of EVs.
With the goal of getting the world to net-zero carbon emissions by 2050, Breakthrough Energy’s fellows program seeks to help innovators accelerate their clean technology. The Business Fellows who have experience in tech commercialization help form the teams who will drive the business model behind these science tech startups.
Hy24’s investment through its Clean Hydrogen Infrastructure Fund injects capital and introduces a valuable network of leading industrial and financial players deeply involved in the entire hydrogen value chain. With this, the market is expected to gain momentum from 2030, as per the insights from the International Energy Agency.
based incubator focused on nonprofit startups that are addressing climate-related challenges through open-source data initiatives has announced the six startups which will be put through its 2022 program. government minister and a former MD of Microsoft for Startups U.K. and CEO of Code First: Girls, among others.
One of the most common areas of attention respondents highlighted were startups focused on construction and manufacturing. Are there startups that you wish you would see in the industry but don’t? According to UN forecasts, the number of people living in cities is expected to double by 2050, growing from 3.5
During his career, he has been recognized as an innovative executive with a reputation for transforming startups into global businesses. Other companies where Gysin held CEO and EVP positions include Asempra, McData Corporation, Novell/Volera, PGSoft and Silver Spring Networks.
Wavemaker Partners doesn’t just want to invest in climate tech and sustainability startups. Today, the Singapore-based firm announced the launch of Wavemaker Impact , a venture builder that identifies potential business opportunities, finds seasoned entrepreneurs to turn those ideas into startups and acts like a co-founder as companies scale.
The market size of Africa’s digital economy is massive and, if projections go as planned, should top $712 billion by 2050. The report also pinpoints other metrics such as fixed and mobile broadband connections and mobile cellular network coverage. From 2020 to 2021, it grew 2x faster than global startup funding, it said.
Worldfavor co-founder and CEO, Andreas Liljendahl, says he welcomes the thickening pack of sustainability reporting players — envisaging a future of rich collaboration and startup opportunity to cater to increasingly comprehensive and intertwined reporting requirements. . The raise brings Worldfavor’s total raised to date to €13.4
The world’s food supply must double by the year 2050 to meet the demands of a growing population, according to a report from the United Nations. “We have to double the amount of food we have to create by 2050, and if you look at where there are enough resources to grow food — all signs point to Africa.
Enter FarmSense, a Riverside, California-based agtech startup attempting to solve the insect pest problem. Shailendra Singh — the company’s CEO who has developed systems for wireless and cellular networks as well as security — works on the hardware side. The impact of this technology is clear. Image Credits: FarmSense.
Canadian travel startup Hopper has raised a $170 million Series F round, led by Capital One. The startup’s app reviews, Better Business Bureau (BBB) profile and social media accounts were inundated with negative comments and reports of poor experiences.
The company’s co-founder and CEO Rachel Delacour sold her previous startup to Zendesk , and was left with a big enough chunk of change that she didn’t need to work again. In addition to Coatue, which led the round, existing investors Balderton Capital, New Wave, La Famiglia and 2050 also participated in the round.
billion tonnes of waste lingering out there by 2050 (World Bank), our current system has to change: we need to re-learn how to manage resources, rethink how we make and use products, and reflect on what we do with the materials afterwards. To avoid some catastrophic 3.40 Costantine Edward: We recommend ventures to implement sharing models.
Other deals that got my attention … Autonomy , the vehicle subscription startup founded by Scott Painter, has ordered 23,000 electric vehicles from 17 automakers. million in total revenue from direct sales of its EV chargers and charging service revenues, network fees and ride-sharing service revenues. Autonomous vehicles.
According to a recent McKinsey report , reaching net zero by 2050 could require a 60% increase in capital spending on physical assets compared to current levels. trillion per year until 2050, with $6.5 The total investment needed amounts to $9.2 trillion annually allocated to low-emissions assets and enabling infrastructure.
As I noted already this week , alternative proteins is a hot space attracting both startups and venture capital. Brandes also expects the supply chain to look different in two years due to the market being so large and alternative protein products in demand, especially with the need to feed a global population that will be 9 billion by 2050.
In part that’s because REEF does operate its own businesses on the premises and works with startups to provide actual goods and services that are location dependent for their success and revenue generating. These restaurants are, in some cases, taking advantage of the employees that REEF Technology has operating its network of kitchens.
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