S7 Group, a major Russian airline company, is about to launch a $50 million venture fund, Vedomosti reports. Since last year, the group has already invested some $10 million “in startups developing digital and industrial technologies,” S7’s VP for innovation Dmitry Chuiko told the business daily. These startups are from Western Europe, the USA, India and China, with …
Airline company S7 to launch $50 million venture fund Read More
Wayray, a startup with Russian origins which has developed holographic AR displays for cars, has attracted $80 million in a Series C round led by Porsche and China Merchants Capital, a major Chinese investment firm. The other investors are Hyundai Motor, Alibaba Group, JVCKENWOOD and a consortium of sovereign funds. These include the Russia-Japan Investment Fund, established last year, alongside the …
Grishin Robotics, an international venture fund with Russian roots, has taken part in a $63 million funding round for the Brazilian stationless bicycle-sharing platform Yellow. The round was led by Silicon Valley investment firm GGV Capital. It is the largest Series A ever for a Latin American startup, according to TechCrunch. In April this year, Grishin Robotics …
inDriver, a ride-hailing app with Russian roots now operating internationally, has just raised $10 million from its historic investor, Leta Capital. Born in 2012 in Yakutsk, Siberia, this startup has an unusual business model: passengers enter the price they are willing to pay, while drivers accept the orders only upon agreement of the fare. An …
For two years already, Blockchain technology has inspired corporate projects in a variety of industries in Russia – from banking, to capital markets, to universities, to cite just examples. Russian Railways (RZD) is also embracing the trend, with a blockchain-based digital trading platform already operating since last year and new projects under plans. The state monopoly is aiming to manage the repair …
Crypto ticket to the future: Will Russian Railways run on blockchain? Read More
Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4 million in the Eastern European online bus ticketing platform Busfor. The transaction, which has been disclosed in the firm’s most recent financial report, took place at the end of the second quarter of this year. Busfor — previously known as Gillbus — aims …
BlaBlaCar, the carpooling giant born in France, is consolidating its leadership on the Russian market with the acquisition of BeepCar, a competing service launched by Mail.Ru Group last year. The terms of the deals are expected to be disclosed in Mail.Ru Group’s next reports. BeepCar traffic will be redirected to BlaBlaCar “as of this autumn,” …
Mail.Ru Group surrenders carpooling activity to global leader BlaBlaCar Read More
Kaspersky Lab has teamed up with Itelma, a Russian scientific industrial holding specializing in the production of the broad range of the automobile components, to launch a joint venture. The new company will be engaged in the development of smart automobile systems. Each of the partners reportedly holds a 50% share in the JV. The new …
Kaspersky launches JV to develop smart automobile systems Read More
To guard against drone attacks during this summer’s FIFA World Cup, the Russian military will deploy mobile electronic warfare stations in all 11 cities where games will take place between June 14 and July 15. By executive order, the Russian authorities will also be cracking down on alcohol sales and public demonstrations in host cities, as reported …
Russian military to deploy mobile electronic warfare stations in all World Cup cities Read More
On May 4, Russian Prime Minister Dmitry Medvedev requested that driverless cars be tested on a segment of the Moscow-St. Petersburg highway by November this year. The project involves the Federal Road Agency (‘Rosavtodor’) and state company Russian Highways (‘Avtodor’) as well as a working group that includes Yandex — the Russian search giant which unveiled its …
Driverless cars to be tested Moscow-Saint Petersburg highway Read More
Two Russian serial entrepreneurs Mikhail Kokorich and Vadim Makhov have launched a joint investment firm to support B2B companies that use space technologies, Russian business publication Kommersant reported on April 24. Makhov holds a 51% stake in the company, while Kokorich has received a 49% share. Dubbed ‘Oden Holdings Limited,’ the company will target projects …
Russian investors bet on companies using space technologies Read More
Grishin Robotics, an international venture fund with Russian roots, and Brazilian venture fund monashees+, led a $9 million seed round for the Brazilian stationless bicycle-sharing platform Yellow. The terms of the deal have not been disclosed. The news was reported earlier this month by the Russian online publication VC.ru, based on exchanges with the fund Yellow …
Grishin Robotics and monashees+ invest in Brazilian bike-sharing service Read More
