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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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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. There are untold impacts of climate change many of us don’t see.

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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.

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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. “[The latest investment] is primarily going to be used for land-grab and expansion opportunities,” Komoni said.

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The Station: Rivian trims its workforce and a supply chain-tainted earnings season begins

TechCrunch

The Station is a weekly newsletter dedicated to all things transportation. In a few months, TC Disrupt will kick off at the Moscone Center in San Francisco. Apply today to join Startup Battlefield 200 for the chance to exhibit your startup for free at TechCrunch Disrupt this October and win the $100K equity-free prize.

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Migrante steps on the gas of vehicle leasing for gig workers in Latin America

TechCrunch

Having reliable transportation is at the top of any gig worker’s list, but in Latin America, that’s not always easy to secure. We saw a huge opportunity to support immigrants,” Canals told TechCrunch. “We We both believe in the value of immigrants and how financial access empowers them to power opportunities.”.

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Navigating Singapore’s Startup Ecosystem: Top 5 Funding Initiatives Unveiled

AsiaTechDaily

Startups qualifying under Startup SG can access cash grants, equity financing, and business loans. The grant facilitates advancing innovative technology solutions, driving startups toward market disruption or creating entirely new markets. This collaborative effort injects crucial financial resources to help the expansion of startups.