article thumbnail

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

article thumbnail

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.

financing 103
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Onboard Dynamics Is Leading the Transition to Next Generation Transportation Fuels, Reducing Emissions, and Driving Down Energy Costs

Angel Capital Association

To use natural gas as a transportation fuel, it must be compressed so that it has the same energy density as gasoline or diesel liquid fuel. The award money was dedicated to addressing the obstacles and barriers associated with adopting natural gas as a transportation fuel. The following September in 2014 the company received a $3.6

article thumbnail

FourKites Raises $100M in Series D

HPA

FourKites , the #1 real-time supply chain visibility platform, today announced a new $100 million Series D financing round. The growth financing is led by Thomas H. The supply chain disruptions from the pandemic accelerated the push for businesses to invest in real-time transportation visibility solutions.

article thumbnail

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. The startup has just announced a $60 million Series B fundraise, money it aims to use to transform the way companies look at last-mile delivery.

article thumbnail

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 For many Egyptians, who earn less than that yearly, that’s a substantial amount to part with.

article thumbnail

10 investors predict MaaS, on-demand delivery and EVs will dominate mobility’s post-pandemic future

TechCrunch

The COVID-19 pandemic didn’t just upend the transportation industry. COVID-19 disrupted virtually every sector of the transportation industry. There are so many efficiencies that come from the fleet model for transportation — we think this will be an increasingly important area in the coming years.