Mobility

Aviasales.ru secures $43 million from Elbrus Capital and iTech Capital funds

August 21, 2021

Aviasales.ru, a leading search engine for flights and hotel bookings, has attracted $43 million from Elbrus Capital and iTech Capital, two PE/VC firms with Russian roots. The latter had already invested $10 million in the company seven years ago, in 2014. The latest capital injection — which is sizable by Russian standards — will help the company launch new …

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Russian Cognitive Pilot aims to sell agricultural drones in challenging American markets

August 5, 2021

The Russian company Cognitive Pilot intends to sell its agricultural drones across North and South America, including the US market. To this end, it has registered a subsidiary, ‘Cognitive Pilot Corp.,’ in Texas, reports Vedomosti.  Cognitive Pilot CEO Olga Uskova said the flying engines will initially be sold in Kansas, Ohio, Oklahoma and Texas, where no license is required …

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The SPAC wave hits Russia

February 16, 2022

Could a company from Russia, or with strong connections to Russia, ever be targeted by a SPAC? The question remained open until very recently, given the small numbers of international IPOs from Russia — the latest example in the digital field being Ozon in November last year. Such a player has now emerged, with Nexters …

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Yandex to operate driverless food deliveries on US college campuses

July 6, 2021

Yandex Self-Driving Group, the Yandex spin-off dedicated to unmanned vehicles, has teamed up with Grubhub to develop driverless food deliveries on college campuses in the United States. Partnering with more than 250 college campuses, Grubhub is a major online and mobile food-ordering and delivery platform in the US. The Russian company and its new US partner say these …

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Russian entrepreneurs raise $46 million to launch express delivery service in the US

June 30, 2021

A group of Russian entrepreneurs has raised $46 million to launch a food delivery company on the US market. Dubbed ‘Buyk,’ the service is an analog of Samokat, a successful startup which was born in St. Petersburg and acquired last year by Mail.ru Group and Sber. Buyk is the brainchild of Samokat co-founders Vyacheslav Bocharov …

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VTB Capital invests $75 million in Russian carsharing major Delimobil

August 30, 2021

VTB-Capital, a division of the state bank VTB, is in the process of acquiring a 15% stake in the Delimobil car-sharing service. A memorandum of cooperation was signed at the Saint Petersburg International Economic Forum in early June by Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board, and Vincenzo Trani, founder …

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Russian travel segment is recovering fast from the pandemic

August 10, 2021

According to Aviasales.ru, Russian travellers booked 15% more tickets through its air ticket online booking platform for this May holiday season than in the same period of pre-covid year 2019.  The company also notes that 95% of the tickets were sold for domestic routes vs. 75% before the pandemic. The most popular international destinations this year were Turkey, …

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Russian urbanites embrace e-scooters

June 2, 2021

Russia is a relatively late bloomer in the market of shareable electric scooters, which are available for rent through a number of different smartphone apps.  E-scooters, fueled by billions in venture capital funding, first spread rapidly across the U.S. and quickly spread to European capitals. The vehicles, which take up less room than cars or even …

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Russian government could invest more than $10 billion for electric and hydrogen vehicles

June 1, 2021

The Russian government plans to invest 777 billion rubles ($10.5 billion) into electric and hydrogen vehicle development by 2030, according to documents obtained by the Vedomosti news outlet. In the next nine years Russia’s electric vehicle (EV) share of the auto market could grow from 0.05% to 15%, officials at the Ministry of Economic Development said. By …

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Russia’s central district deploys smart vehicle tracing system to “improve road safety and retrieve stolen cars”

May 18, 2021

A “unified end-to-end system for intercepting and tracing vehicles” is being deployed on the roads of a huge region of Russia: the Central Federal District (CFD), which spans across 650,200 square kilometers.  Dubbed ‘Web’ (Паутина), this software platform is connected with road traffic operational services, allowing the authorities to trace and analyze “the movements of …

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This fast-growing delivery startup from Southern Russia raises millions to challenge market leaders

May 12, 2021

Earlier this month Russian delivery service Broniboy raised 100 million rubles ($1.35 million at the current exchange rate) at a 3 billion ruble valuation ($40 million), reports Rusbase.  This fast-growing company, which already operates in six Russian cities including Moscow, raised 130 million in a previous round, and plans to attract an additional 800 millions rubles next year.  …

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Car-sharing service “for the people” launches in Moscow and St. Petersburg

May 10, 2021

The Moscow Department of Transport has launched a car-sharing platform, which it says is similar to US service Turo.  Currently in test mode with 100 participants, the app is available on the App Store and Google Play. Dubbed Ruli (‘Drive’), this new service allows individuals to rent their car when lying idle on parking lots. Through the …

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