imToken, the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Participants included returning investor IDG Capital, and new backers Breyer Capital, HashKey, Signum Capital, Longling Capital, SNZ and Liang Xinjun, the co-founder of Fosun International. Founded in 2016, the startup’s
Month: March 2021
A growing number of companies have emerged over the last few years determined to reduce waste in the electric vehicle battery market. Chief among these is recycling firm Redwood Materials, which has quickly expanded since its launch in 2017 by Tesla co-founder JB Straubel to become the largest lithium-ion battery recycler in North America. Now
Michael Proman Contributor More posts by this contributor The future of sports tech: Here’s where investors are placing their bets Cities traditionally have been bustling hubs where people live, work and play. When the pandemic hit, some people fled major metropolitan markets for smaller towns — raising questions about the future validity of cities. It’s
Last week the Canadian Supreme Court ruled that the national government’s plan to tax carbon emissions was legal in a decision that could have significant implications for the nation’s climate-focused startup companies. The ruling put an end to roughly two years of legal challenges and could set the stage for a boom in funding and
Lidar companies across the planet are going SPAC, but Baraja isn’t in a hurry to go public. The Australian lidar maker has raised a $31M B round to continue the deployment and development of its “unique and ingenious” imaging system, with participation beyond the usual VC suspects. Baraja’s lidar uses what the company calls SpectrumScan,
As the Ubers of the world continue to scale, a smaller on-demand transportation startup has raised some funding in Germany, underscoring the opportunities that remain for startups in the space targeting specific service niches. Blacklane — the Berlin startup that provides on-demand black-car chauffeur services in Berlin, London, Dubai, Los Angeles, New York, Paris, Singapore
It’s plain to see that electric vehicles are the future, but there’s more to making that change happen than swapping out a gas motor for a battery-powered one — especially in aircraft. H3X is a startup that aims to accelerate that future with a reimagined, completely integrated electric motor that it claims outperforms everything on
An artificial retina would be an enormous boon to the many people with visual impairments, and the possibility is creeping closer to reality year by year. One of the latest advancements takes a different and very promising approach, using tiny dots that convert light to electricity, and virtual reality has helped show that it could
Amazon is expanding customer deliveries via electric cargo vehicle to San Francisco, making the Bay Area the second of 16 total cities the company expects to bring its Rivian-sourced EVs to in 2021. San Francisco’s unique terrain and climate were a couple of the reasons Amazon said it chose the city for its second round
About four years ago, social impact organization Norrsken Foundation launched a small program investing around €30 million in capital it had received from its wealthy patron, Klarna co-founder Niklas Adalberth. Now, that initiative has become its own impact investment firm, Norrsken VC and, according to people familiar with the firm, is about to close on
Micah Kotch is the managing director at URBAN-X.
Individual solutions to the collective crisis of climate change abound: backup diesel generators, Tesla powerwalls, “prepper” shelters. However, the infrastructure that our modern civilization relies on is interconnected and interdependent — energy, transportation, food, water and waste systems are all vulnerable in climate-driven emergencies. No one solution
As NASA is quick to remind people, the investments it funnels towards space exploration often winds up improving life on Earth – and it’s now in the business of speeding up some of that work through startups. SMART, a startup founded in 2020, has a partnership with NASA through the Space Act Agreement and is
Jim Jackson developed timber and farmland in Eastern Washington, protected from coastal rains by the peaks of the Cascade mountains, building out a clutch of apple farms and other properties on the state’s sunny side for 40 years. Traditionally, he raised money to expand operations for his farms through his existing network, which meant asking
Volkswagen AG is gearing up to seize the top spot as the world’s largest electric vehicle manufacturer with plans announced Monday to have six 40 gigawatt hour (GWh) battery cell production plants in operation in Europe by 2030. To get there, the automaker put in a 10-year, $14 billion order with Swedish battery manufacturer Northvolt
Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive $14 billion battery order with VW for the next 10 years. The big buy clears up some questions about where Volkswagen will be getting the batteries for its huge
Nancy Pfund is founder and managing partner of DBL Partners, a venture capital firm whose goal is to combine top-tier financial returns with meaningful social, environmental and economic returns in the regions and sectors in which it invests. It seems that every week a new agribusiness, consumer packaged goods company, bank, technology corporation, celebrity or
Apple has announced that it plans to increase its corporate spendings in Germany. In particular, the company wants to set up a new facility in Munich, Germany. Called the European Silicon Design Center, the team will focus on 5G and potentially future wireless technologies. The company said that Munich is already its largest engineering hub
A new alliance between Swedish electric performance automaker Polestar and EV infrastructure startup ChargePoint takes aim at the charging experience with the debut of an in-car app that will let customers seamlessly charge their Polestar 2 model vehicles. Seamless charging—being able to pull up to a charging station, plug in and let the vehicle handle
The Swiss-based, venture capital-backed, direct air capture technology developer Climeworks is partnering with a joint venture between the government of Norway and massive European energy companies to map the pathway for a business that could provide not only the direct capture of carbon dioxide emissions from air, but the underground sequestration and storage of those
The vast majority of startups remain focused on consumers, knowledge workers and the opportunities to provide services to those that are already operating completely, or at least partially, in digital environments. But today comes news of funding for a startup building a social network for what is probably one of the least digital business sectors
Plan A, a Berlin-based automated SaaS B2B startup, has raised $3 million for its platform that lets companies measure, monitor, reduce and report their environmental footprint, thus improving their ESG ratings. French VC Demeter led the round with German VC Coparion; SoftBank joined the round as a strategic investor. The cash will be used to
Planted, a startup pursuing a unique method of creating a vegetarian chicken alternative, has raised an $18M (CHF 17M) Series A to expand its product offerings and international footprint. With new kebabs and pulled-style faux meats available and steak-like cuts in the (literal) pipeline, Planted has begun to set its sights outside central Europe. The
A little over 13 years ago, Shai Agassi, a promising software executive who was in line to succeed the chief executive at SAP, then one of the world’s mightiest software companies, left the company he’d devoted the bulk of his professional career to and started a business called Better Place. That startup promised to revolutionize
Sometimes the smallest innovations can have the biggest impacts on the world’s efforts to stop global climate change. Arguably, one of the biggest contributors in the fight against climate change to date has been the switch to the humble LED light, which has slashed hundreds of millions of tons of carbon dioxide emissions simply by
There are many jobs in the construction industry that fall under the “dull, dirty, and dangerous” category said to be ripe for automation — but only a few can actually be taken on with today’s technology. One such job is the crucial but repetitive task of rebar tying, which a startup called SkyMul is aiming
Volvo Cars said it will only make and sell all-electric vehicles by 2030 as part of a broader transformation of the automaker that will include shifting sales online. “The key to sustainability is electrification, said Volvo Cars CEO Håkan Samuelsson during a presentation Tuesday. “Together with investments in charging infrastructure that is the right way
Last week the mobile charging battery company SparkCharge announced a partnership agreement with AllState that expands the company’s reach into vehicle services, driving the company further down the road toward its goal of making electric vehicle charging the next gig economy job. The company, which has developed, designed and is commercializing a mobile vehicle charger,
Commitments to carbon neutrality keep coming from all corners of the business world — over the past few weeks, companies ranging from the fast-casual restaurant chain Sweetgreen to the security-focused networking IT company Palo Alto Networks to the online craft retailer Etsy committed to net-zero carbon emission plans. As the companies look for ways to
Tonal, maker of the smart home fitness trainer, announced it is more than tripling the number of physical locations it sells devices in through a new partnership with Nordstrom. Starting this month, Tonal will have 50-square-foot stations in the women’s activewear departments of at least 40 Nordstrom locations across the U.S., bringing the total number
Few things are more personal than a keyboard, and yet they are often overlooked by Work From Home guides. Why use the standard-issue keyboard when there are so many options available? This is a sampling of some of the keyboards used by TechCrunch’s editorial staff. Some are boring, some are for different languages — and