It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors are hesitant…
Month: November 2024
These will be the most in-demand skills for developers in 2025
The Dutch labour market is experiencing a persistent talent shortage, according to a new salary survey report. The research also flags that when it comes to hiring in 2025, artificial intelligence, automation,…
Cambridge spinout Molyon bets on lithium-sulfur in race for better batteries
Lithium-ion batteries have served us well, powering much of the modern world. However, today’s tech — everything from drones and EVs to the wretched Tesla cyber truck — demands denser batteries that…
Air taxi startup Vertical Aerospace extends runway with $50mn lifeline
Vertical Aerospace has been thrown a crucial lifeline, staving off potential bankruptcy at the cash-strapped air taxi startup. The UK-based company — which makes electric vertical take-off and landing (eVTOL) aircraft —…
Swiss startup turning rainy days into refunds launches first product
Zurich-based startup Poncho has officially launched its weather insurance platform — and bagged some fresh funding to boot. Founded in 2023, the company aims to transform how the travel and hospitality industries…
UK hospitality startup Lighthouse enters unicorn club with $370M raise
London-based startup Lighthouse just raised a hefty $370mn from American investment giant KKR at a valuation of over $1bn, making it Europe’s latest unicorn tech company. The funding will supercharge the company’s…
Candela brings electric flying ferry to US shores after $40M raise
Candela is flying high — and across the Atlantic. The Swedish startup has secured $14mn, marking the close of its Series C round at a cosy $40mn. This puts its total funding…
Dutch startup picked for $100M wind-powered carbon capture plant in Texas
Amsterdam-based startup Skytree is set to deploy its carbon-sucking machines on a newly announced carbon capture and storage project in Texas, US. Dubbed “Project Concho,” the $100mn Direct Air Capture (DAC) plant…
UK startup launches ‘world’s first’ AI deepfake-detecting browser
UK startup Surf Security has launched a beta version of what it claims is the world’s first browser with a built-in feature designed to spot AI-generated deepfakes. The tool, available through Surf’s…
Tokamak Energy secures $125M to commercialise fusion power
British scaleup Tokamak Energy has secured $125mn as it looks to harness fusion — the same clean, virtually limitless energy source that powers the Sun and stars. Tokamak spun out from the…