Mobility

Russian startup to provide flying motorbikes to Dubai police

October 18, 2017

Russian flying motorbikes could soon thrive under Dubai sun, following a memorandum of understanding (MoU) signed by Hoversurf, the Russian startup which has designed these futuristic machines, and the emirate’s police. The agreement was inked last week after Hoversurf demonstrated its motorbike at the GITEX technology week in Dubai. The local police intend to use the flying …

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Boeing HorizonX visits Skolkovo in search of game-changing tech startups

September 18, 2017

The deterioration of the US-Russia relationship has not stopped all business ties, including in the field of high technologies. Thus in late August the management of HorizonX, a new subdivision of Boeing set up by the U.S. aerospace giant to search the world for startups offering revolutionary ideas, visited Skolkovo. The Russiant tech hub is one of …

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Russian space agency Roscosmos launches venture fund

September 14, 2017

Roscosmos, the Russian space agency, has launched a venture fund to support space innovation in Russia, said Roscosmos General Manager Igor Komarov last week in an interview with TASS. The new fund will support innovative projects in the space industry, including the small satellites production and light missile carriers development, student-oriented initiatives, as well as innovation centers …

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Siberian ride-hailing app with alternative business model secures $5 million

September 13, 2017

Ride-hailing app inDriver has raised a $5 million Series A round from Leta Capital, TechCrunch reports. This startup from Yakutsk, Siberia 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. “inDriver does not influence price formation and does not take a commission …

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Grishin Robotics invests in stationless bikesharing across the world to “make smart cities a reality”

September 14, 2017

Grishin Robotics, an international venture fund with Russian roots, is investing massively in bikesharing platforms. Over the past four months the fund has completed no less than three deals in this segment: In May, it led an $8 million Series A funding round for Spin, a pioneer in this field in the US market. Exponent, CRCM, as well as Quora …

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Russian Hudway overreaches crowdfunding goal to launch next-gen safe driving device

August 31, 2017

The Russian startup Hudway has exceeded its $100,000 funding target in less than 24 hours in a Kickstarter campaign for its latest head-up display (HUD). On August 30, just two days after the campaign launch, the startup had already raised nearly $195,000 from more than 900 backers. Hudway is setting up mass production of HUDWAY Cast, a portable head-up display that …

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Russian justice system closes in on public transportation hackers

August 25, 2017

A court case in Moscow is wrapping up against three hackers who broke into several reusable transportation card services, including the ‘Troika Card.’ Prosecutors say the defendants caused 2 million rubles ($34,000) in damages by hacking Moscow’s public transportation payment system, illegally adding fare credits to reusable cards, and then selling the cards. A verdict …

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Russian crowdsourced delivery startup secures new funding to expand across the globe

August 22, 2017

The Russian crowdsourced courier service Dostavista has raised $2.25 million — less than one year after a previous round of funding — from two major Russian VC funds, Buran Venture Capital and AddVenture. The news was reported by business daily Kommersant, which cites exchanges with the startup and the investors. The new funding will allow …

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Russian Sistema invests €2.6 million in Lithuanian drone operator for power networks

August 16, 2017

Sistema Finance, a subsidiary of the Russian conglomerate AFK Sistema, has paid €2.6 million to acquire a 50% stake in a Lithuanian drone operator. Laserpas provides surveillance and high-precision monitoring solutions for large power line operators worldwide. The company employs electric- and petrol-powered long-range unmanned aerial vehicles (UAV) to gather considerable volumes of data “at an unprecedented …

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Russia prepares to develop high-tech infrastructure for driverless transport

August 16, 2017

According to a resolution published last week, the Russian government intends to create an IT and telecom infrastructure for driverless transport across the country’s roads and highways. According to the plan, the rollout will start with large cities as well as the north-south and east-west transport corridors. Artificial intelligence solutions will be used in public …

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Uber and Yandex.taxi announce plans to merge in Eastern Europe into a $3.7 billion company

December 21, 2017

Yandex.Taxi, the taxi service of Russian Internet giant Yandex, and Uber have agreed to merge their businesses in Russia and neighboring countries Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. Should it receive regulatory approvals the transaction is scheduled for completion in late 2017, stated Yandex. [Update: the merger was cleared in Nov. 2017] “This deal is a testament …

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