The Scottish startup has built an online used car marketplace that attempts to digitise a notoriously difficult business.
Respiro, a car sharing startup based in Madrid, has been bought by car maker Seat, which acquired 100% of shares in the startup. No figures were officially disclosed but El Mundo reports the deal at being €5 million. The startup was founded in 2010 as a pay-per-use car sharing service in cities. The startup has […]
Finland’s TactoTek, which designs injection molded structural electronics (IMSE) solutions, has raised $23 million in funding from Ascend Capital Partners, Nanogate, Plastic Omnium, Conor Venture Partners, and Faurecia Ventures along with debt funding and grants. The Series B round includes debt funding from Nordea Bank and grants from Business Finland and ELY Center that totals […]
Cityscoot, the French electric scooter rental startup, has announced a €40 million funding round from RATP Capital Innovation and InVenture Partners alongside previous investors. The service allows users to access a network of electric scooters for short trips around the city. Using the app, users can pick up and drop off the electric scooters any […]
Car tech firm Nexar has raised $30 million led by Ibex Ventures with participation from new and existing backers Alibaba Innovation Ventures, Nationwide Insurance, Aleph, Mosaic Ventures, Slow Ventures, True Ventures, and Tusk Ventures. The AI-enabled automotive technology, which is used by consumers, insurance companies, and car makers, detects road hazards in real-time. It uses […]
German online car marketplace Auto1 has raised €460 million from Japanese giant Softbank. The Berlin-based company develops a platform for buying and selling used cars. The funding news was first reported by The Financial Times. Auto1 was founded in 2012 and according to Reuters had revenues of €1.5 billion in 2016. Softbank’s investment comes from […]
Automotive giant Daimler has acquired a majority stake in French ride-hailing app Chauffeur Privé. No terms for the deal have been disclosed. Founded in 2011, the French Uber rival has 1.5 million users and 18,000 drivers, operating in Paris, Lyon, and at the Côte d’Azur. The startup raised €5 million in 2015 from Xange and […]