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IFC backs Bolt with $24M to expand its transportation network in emerging markets

TechCrunch

Bolt , an Uber competitor that is building an international on-demand network of services to transport people, food and other items in cars, scooters and bikes across Europe and Africa, has picked up some strategic funding today to continue expanding its business in emerging markets. billion, based on a 1.5x multiple on GMV of €3.5

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Tive, a startup developing supply chain visibility tools, raises $54M

TechCrunch

Supply chain disruptions — triggered by factors including demand surges, high transportation costs and pandemic-related lockdowns — are expected to continue well into next year, experts predict. Companies are experiencing the brunt of the impact, with 36% of small businesses responding to a 2021 U.S. This has been costly.

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Uganda’s Tugende closes $3.6M Series A extension to meet the demand for its asset finance products

TechCrunch

Ugandan technology-enabled asset finance company Tugende today announced that it has closed $3.6 This brings Tugende’s total Series A financing to $9.9 This brings Tugende’s total Series A financing to $9.9 The company is also currently piloting financing for e-mobility assets. . Image Credits: Tugende.

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Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

TechCrunch

And unlike in developed countries where systems are set in place to help people with vehicle financing, it is almost non-existent in developing markets such as Egypt, where only about 5% of used cars are financed. . “So We’re looking to develop that as we go,” he noted.

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E-bike subscription service Zoomo raises $60M Series B to disrupt last-mile delivery

TechCrunch

Zoomo, the Australian startup that builds e-bikes and offers micromobility subscriptions to gig workers and couriers, wants to be the next disruptive electric vehicle company. That said, with this funding round, Zoomo wants to start developing light vehicles to address parcel delivery and other urban last-mile form factors.

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Moonshots, Momentum, and Legislative Tailwinds Beyond Silicon Valley

Revolution

Roads, bridges, and transport will make or break a city’s ability to grow its startup ecosystem and talent pool. To make it easier to toggle between the three, there needs to be significant policy, financing, and physical transformation. Infrastructure touches everything. Cultivate a super team, not a superstar.

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Google’s third bet from its Africa Investment Fund is in logistics company Lori Systems

TechCrunch

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.