AgroDroneGroup, a Russian startup that uses drones and computer software to closely monitor the condition of soil and crops, has raised 25 million rubles (some $440,000) in investment from the Russian-Belarusian Venture Investment Fund (RBF Ventures). The news was reported in late March by the Skolkovo Foundation, which cited Firrma. The deal, in which the …
Russian-Belarusian fund invests in precision farming startup Read More
Last week Mail.Ru Group and MegaFon, two LSE-listed Russian Internet and mobile leaders, announced the acquisition of a majority stake in CityMobil, a Moscow-based taxi-hailing service. After the completion of the round, Mail.Ru Group and MegaFon will respectively own a 26% stake and an up to 31% stake in the company in exchange for capital …
Mail.Ru Group and MegaFon invest $26 million in taxi-hailing service CityMobil Read More
Nowhere did Tuesday’s launch of SpaceX’s Falcon Heavy rocket echo as powerfully as in Russia. The private U.S. company continues to produce technical feats on which the Russian space industry has given up: First the consistent reuse of rockets, and now the successful launch of a rocket with as many as 27 engines. The Soviet Union tried something similar …
Yandex, the NASDAQ-listed Russian search giant, and Uber announced today the completion of the merger of their respective ride-sharing and food delivery businesses in Russia and neighboring countries. The deal, announced in July last year, was approved by the Russian antimonopoly authority in November. At closing, Uber invested $225 million and Yandex invested $100 million …
Yandex and Uber complete merger in Russia and neighboring countries Read More
Mobile TeleSystems (MTS, a leading Russian mobile operator) is offering online taxi hailing and medical appointments over video, as Russia’s largest mobile carrier pursues new apps for revenue growth amid stiff wireless price competition. The carrier made an speedy foray into Russia’s taxi business in October after Uber in July agreed to merge its operations into a …
Russian engineers from Russian Helicopters claim to be in the process of developing the world’s first hybrid plane-helicopter, reports Sputnik. The Ka-90 is expected to fly like a helicopter for takeoff and land, while comparable to an airplane in cruise flight. The aircraft is expected to have a maximum speed of up to 800 kilometers per hour. …
Russia is developing next-gen plane-helicopter hybrid Read More
Unmanned vehicles were unleashed on the snow-covered roads of the Moscow Region earlier this month “for the first time in history,” claims Yandex.Taxi, the taxi hailing service of the Russian Internet search company, which held the experiment. Yandex.Taxi wanted to check how their automatic cars fare during the winter when snow can obscure road markings, …
World’s first in Moscow: Self-driving taxis tested in the snow Read More
The Federal Antimonopoly Service of the Russian Federation has approved the Yandex-Uber plan to merge their respective taxi service activity in the country. To ensure fair competition, the antimonopoly authority has requested the companies to “provide users with the most complete and accessible information of the legal person carrying out the transportation, with the preservation of the history …
Russia’s antimonopoly authority clears merger between Uber and local service Yandex.Taxi Read More
InVenture Partners, a major Moscow-based fund, has sold its share in Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine. The news was reported earlier this month by Russian business daily Vedomosti. The stake was acquired for an undisclosed amount by private equity funds Baring Vostok Capital Partners and …
Last week the Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund RDIF and China Investment Corporation, announced that it took part in a $1 billion Series D round of investment in Chinese e-car maker NIO. Led by China-based Tencent Holdings, the round also involved several institutional investors from the United States, Western Europe, Asia and …
The Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund RDIF and China Investment Corporation, has invested an undisclosed amount in Hyperloop One, the Californian startup which aims to commercialize next-gen transportation technologies. The news was reported yesterday by Vedomosti. The business daily cited RDIF CEO Kirill Dmitriev, who did not specify the date of the transaction. The …
Hyperloop One attracts new funding from state-backed Russian-Chinese fund Read More
Last week French startup Convargo announced that it raised a $19 million Series A round from an international pool of venture funds and business angels. Among these investors are Inventure Partners, a major Moscow-based fund, and Oskar Hartmann, a German tech entrepreneur who founded several successful Russian startups. Just months ago Inventure Partners invested $3 million in a …
Russian investors back French online freight service Convargo Read More
