Mobility

Russian e-scooter startup raises $16 million to become regional leader

July 19, 2021

An e-scooter startup called Urent has raised 1.2 billion rubles (nearly $16 million at the current exchange rate) in equity funding and loans. The investor pool includes Citimobil, a Russian ride-sharing company, Sber, the state-controlled digital and finance giant, and Sistema SmartTech, a new venture vehicle of the Sistema conglomerate. The latter contributed 200 million rubles …

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After successes in Russia and Israel, Yandex prepares to launch express delivery service in Western Europe

April 30, 2021

Yandex, the NASDAQ-listed Russian tech major, is preparing to launch its express e-grocery delivery service in Western Europe — after successful deployment in Russia and Israel.  The first target is France, where Yandex registered a local company earlier this month and started hiring, according to a company spokesman cited by AFP. Initially covering the central districts of Paris, …

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Moscow river transport monitoring system trained to recognize people in water

April 15, 2021

 On the night of April 8, Moscow rescuers found a woman sitting on a brick of ice in the Moscow (Moskva) River, 30 meters from the shore. The victim, born in 1995, showed signs of hypothermia and was hospitalized. She could not explain the reason for being on the ice. Following this incident, the Traffic …

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‘The Sound of Stars:’ Yandex Music uses algorithms to turn cosmic bodies into art

April 12, 2021

Yandex Music announces today The Sound of Stars, a playlist of audio compositions celebrating the 60th anniversary of the first human flight into space.  To create the playlist, the Yandex Music team used algorithms to convert the physical properties of stars, pulsars and galaxies into music, with each of the nine tracks dedicated to a …

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This former Russian deputy minister is now worth $10 billion after NASDAQ IPO

September 28, 2021

A new Russian tech billionaire emerged last week on the NASDAQ with the SPAC-enabled listing of Arrival, a company touted as a game-changer in the electric car industry.  Born 42 years ago in the Soviet republic of Georgia, Denis Sverlov founded in first company — an ERP integrator called IT Vision — in 2000, immediately after graduating the …

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Sber and Mail.ru Group “on the brink of divorce” (FT)

March 31, 2021

The rumors aired in late 2020 about dissensions between Mail.ru Group (an LSE-listed Russian Internet major) and Sber (the state-controlled financial and technology giant previously known as Sberbank) could be confirmed soon.  The Financial Times learned that the two groups are considering splitting jointly-owned assets, including meal delivery service Delivery Club and ride-hailing service Citimobil. These companies are part of a joint …

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Ford to become first mass producer of electric vehicles in Russia

March 29, 2021

Ford is set to become the first automaker to launch mass production of electric vehicles in Russia, the Kommersant newspaper has reported. The U.S. car giant, through a joint venture with Russian firm Sollers, will start making electric versions of its Ford Transit vans at a plant in Russia’s republic of Tatarstan from 2022, a company …

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Backed by a software giant, this Russian smart transportation provider eyes foreign markets

March 19, 2021

Softline Venture Partners, the venture arm of Russian software giant Softline, has invested in T-1 Group,  a provider of B2B and B2C telematics solutions and navigation technologies. No details of the transaction were disclosed.  “The acquisition of a stake in T-1 Group is an investment in the rapid growth of the transport telematics market, which is simply …

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Yandex.Taxi acquires assets in the taxi industry in spite of Mail.Ru’s veto

February 8, 2021

Yandex.Taxi, the taxi-hailing and food delivery joint venture of Yandex and Uber (formally called ‘MLU’), has completed the acquisition of the call centers and cargo business of Vezet Group.   ‘Vezet’ means “it’s giving a ride” or “to be in luck” in Russian. Established in May 2017 (resulting from the merger of two local companies), Vezet Group provides ride-hailing, cargo …

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Russian Railways to launch marketplace for robotic software solutions

February 1, 2021

Russian Railways subsidiary RZD Technologies has partnered with Robin, a Moscow-based “leader in robotic intelligence,” to create the first Russian marketplace for robotic software solutions. Scheduled for launch in July this year, the platform is part of a program called ‘Cloud Factory of Software Robots,’ which received a 80 million-ruble grant from the Skolkovo Foundation (around $1.05 million at the current …

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Moscow is testing flying taxis

January 31, 2021

Earlier this month in the Russian capital, air mobility startup Hoversurf started testing its Hover drone taxi, a flying vehicle that can transport passengers and cargo, ‘Popular Mechanics’ magazine reports. The drone taxi is the size of a standard sedan car (5 m x 1.6 m), says TASS news agency, citing the press service of the Moscow city …

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Russian truck giant Kamaz aims to scout startups across the world

January 25, 2021

Kamaz, the Russian truck giant (part of the state-owned Rostec corporation), and Pulsar VC, an established Russian venture firm, announce an international startup scouting partnership focusing on mobility and IoT. The companies said they will “jointly search for new markets in the transport sector and attract investment in start-ups.” They may also consider “creating a …

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