Russia saw Wednesday its first IPO since the war in Ukraine began with local kicksharing service Whoosh raising 2.1 billion rubles ($32.6 million at the current exchange rate) on the Moscow exchange. The IPO valued the company at 20.6 billion rubles ($320 million). This is a very honorable performance for a Russian startup launched in …
Kicksharing service Whoosh completes Russia’s first IPO of the year Read More
Russian kicksharing service Whoosh intends to go public on the Moscow Exchange this or next year, unnamed sources told Forbes Russia and Reuters last week. Under plans, the e-scooter company could raise 10 billion roubles ($167 million at the current exchange rate) at a valuation of around 40 billion roubles ($666 million), Reuters learned. A Whoosh spokesperson told Reuters: “Like …
Top Russian e-scooter service aims to raise $167 million on Moscow Exchange Read More
Yango, the international division of Yandex operating taxi, kicksharing and delivery services, has launched its taxi hailing service in test mode in the United Arab Emirates, reports Interfax. “Yandex is developing world-class technologies and services and is constantly experimenting with them on international markets. Testing of taxis in Dubai on a pilot basis is no …
In late June Kicksharing service Whoosh raised 13.5 billion rubles in bonds (around $17 million at the pre-war exchange rate), making its debut on the Moscow stock exchange. Launched in 2019, the company is a market leader in Russia with 8 million claimed users across 45 Russian cities. Among Whoosh’s backers are Ultimate Capital Fund, …
Russian kicksharing service Whoosh raises $17 million in bonds Read More
In 2021 inDriver, a ride-hailing app founded in Yakutsk, Siberia, back in 2012, announced it had achieved unicorn status. Its valuation reached $1.23 billion, following a funding round of $150 million earlier that year. This startup seemed set to continue its rollout into new locations around the world, including plans to expand into Australia. In …
Yandex, the Russian digital giant whose Nasdaq stock trading has been suspended since Feb. 28, laid off over two dozen US-based workers last month, reported The Verge. Yandex had been operating a small fleet of driverless cars in Ann Arbor, Michigan. Yandex said the vehicle licenses were suspended by the state authorities — which Michigan denies. …
Urent, Russia’s largest electric scooter rental operator, has raised 2.09 billion rubles (around $26 million, a considerable amount by local standards) in a round led by MTS. The mobile operator contributed 740 million rubles alongside private asset manager VPE Capital and state-owned fund VEB Ventures, which injected 700 and 650 million rubles, respectively, into the startup. The terms of …
Russian e-scooter leader Urent secures $26 million from corporate and venture investors Read More
While asserting themselves as chief disruptors in the food delivery industry — fulfilling orders in 15 minutes in cities of Europe (e.g. Jiffy) and North America (e.g. Buyk) — Russian startup entrepreneurs are also penetrating neighboring segments. From urban delivery, to mobility, to local or international freight, some of them receive generous support from VCs, as illustrated by four recent deals. …
Can you imagine cargo being shipped between Europe and Australia in just a couple of hours using clean liquid hydrogen fuel? A few months after his SPAC misfortune, serial entrepreneur Mikhail Kokorich — whom his PR team describes as being “like Russia’s Elon Musk” — claims this will soon come true. His new company Destinus is building a hydrogen-powered, zero-emissions, transcontinental cargo drone. With hypersonic …
Shared mobility markets in Russia could grow by over 50% in the next five years, meaning good news for services provided by U.S.-listed Russian tech giant Yandex, JP Morgan said in a recent note. Ride-hailing and car-sharing markets could reach about 1.4 trillion rubles in 2026 from about 0.9 trillion rubles in 2021 ($19 billion …
JP Morgan: Shared mobility in Russia a “huge” growth opportunity Read More
Russian weapon maker Kalashnikov Group has patented exterior and interior features of its new UV4 electric car, designed for the consumer market. The information appears in the database of Russia’s Federal Institute of Industrial Property. UV4 is equipped with an electric motor with a capacity of 50 kW (68 hp), which will allow the car to reach the speed …
Kalashnikov Group patents steel and plastic electric car Read More
Moscow ranks second among Europe’s largest cities in the ‘Future City ESG Innovation Index,’ put together by Munich-based think tank DEEP Ecosystems. This new index aims to assess “the potential of innovation hubs to support sustainable innovation in the ESG fields.” Its four sub-indexes, eight compound metrics and 29 individual indicators cover the “Community of ESG Entrepreneurs;” their …
