Cian, a leading online real estate classifieds platform in Russia, began trading on the New York exchange on Friday, Nov. 5, with a secondary listing on the Moscow exchange announced as imminent. At a company valuation of $1.1 billion, Cian shares had been oversubscribed 10 times by investors, a source in the financial market told Reuters. In their debut on the Nasdaq, the …
Last month Moscow-based Smart Driving Labs presented its concept of connected vehicle for urban public transport. The solution reportedly “involves the installation of telematics modules with a set of sensor equipment on buses and minibuses and connection via a cellular network to a cloud platform.” The system will allow public transport companies to collect real-time data on movement, speed, sharp …
The Moscow Metro on Friday rolled out what authorities have touted as the world’s first fare payment system based on facial recognition technology. The cashless, cardless and phone-less system, called ‘Face Pay,’ has been fitted at special turnstiles across the Russian capital’s more than 240 metro stations. “To enter the metro, passengers won’t need a …
Moscow metro introduces “world’s first” pay-by-face system Read More
Russian tech giant Yandex is expanding its mobility footprint in Israel with the acquisition of shared e-scooter company Wind’s Israeli operations. The two are not sharing the terms of the deal, but Israeli financial newspaper Globes reported that it is estimated to have cost $40 million to $50 million. Wind is one of the top e-scooter sharing …
Yandex acquires Wind’s Israeli e-scooter operations Read More
Last week Mail.ru Group, the LSE-listed Russian Internet major, and Sber (ex-Sberbank), the state-controlled financial and technology giant, announced an injection of 12.2 billion rubles (around $170 million) into their O2O joint venture. The latest capital increase brought the total amount they put in the JV this year to 43 billion rubles (around $600 million at the …
In 2021, Mail.Ru and Sber injected $600 million in their mobility and foodtech JV Read More
This past Friday Delimobil Holding S.A., a Luxembourg-registered, Moscow-based car-sharing company, filed for listing on the New York Stock Exchange. BofA Securities, Citigroup Global Markets and VTB Capital will act as joint lead book-running managers while Banco Santander, Renaissance Securities and Sberbank CIB will be joint bookrunners, the company said, cited by Reuters. A pioneer …
Russian car-sharing major Delimobil files for listing in New York Read More
A new unicorn emerged discretely earlier this year in the globalized Russian-speaking startup entrepreneur community. InDriver, a ride-hailing app founded in Yakutsk, Siberia, back in 2012, was valued at $1.23 billion as it raised $150 million this past February from leading North American funds. The deal remained undisclosed until last week, when InDriver’s founder Arsen …
This Siberian-born unicorn is now among the world’s top ride-hailing apps Read More
Russian electric car drivers will be able to access toll roads at no cost starting from 2022 in a new trial experiment, the RBC news website reported Monday, citing a recently published draft government plan. The initiative, part of the new Development Concept for the Production and Use of Electric Automobile Transport signed by Prime Minister Mikhail Mishustin on …
Russia to grant toll-free status to electric cars from 2022 Read More
Russian car-sharing major Delimobil and online real estate classifieds leader Cian are considering US IPOs this autumn, hoping to raise around $350 million each, according to “financial market sources” cited by Reuters on Tuesday. Delimobil, which announced a $75 million private equity round this past June, is now eyeing a $350 million listing on the New York Stock Exchange and a …
In mid-July 2021, Russian company L-Charge unveiled the most powerful electric vehicle charger in the world. This mobile charging station can fully charge your Tesla or Porsche Taycan in just eight minutes and do so while you’re at home, at the office or even stuck in the middle of the road! Before the end of the year, …
The world’s most powerful mobile charger for electric vehicles is made in Russia Read More
Yandex has struck a $1 billion deal to buy out U.S. ride-hailing giant Uber from a host of the pair’s joint ventures in Russia, the company announced Tuesday. Yandex and Uber first combined their ride-hailing businesses in 2017, with a deal to merge their operations in Russia and a number of other ex-Soviet countries. This partnership has seen the pair cement …
Yandex buys Uber out of food delivery partnership in $1 billion deal Read More
The Soviets developed an electric garbage truck as early as in 1935, but the electric car industry failed to gain any momentum in the USSR. Dubbed ‘LET,’ the very first electric vehicle in the USSR was made in 1935. Oddly, it was designed to be used as a garbage truck. The new electric model was …
