Valmet Automotive is expanding – specifically to the town of Kirchardt in the southwestern regional state of Baden-Württemberg. The Finnish maker of batteries for electric vehicles (EVs) is converting an 11,500-square-meter former printing shop into its third production facilities overall and first in Germany.
There’s a new investment player in the largest city on the Rhine River. America’s Riverside has acquired two German venture capital firms and opened offices in Cologne.
In 2021, the US-Portuguese drone infrastructure company EVA was looking to expand its business in the fast-growing, future-oriented sector of unmanned aerial vehicle (UAV) sector. Germany Trade & Invest helped the young firm set up shop in Germany – in the town of Wildau in the state of Brandenburg near Berlin. We asked EVA spokesperson Isabel Nacke about the company’s new home.
The 2021 Foreign Direct Investment Confidence Index published by management consultants AT Kearney sees Germany retain its third-placed ranking after the United States and Canada.
The good news came after the container ship “Ever Given” had been stuck in one of the world’s major waterways, disrupting global supply chains, for a week. A team of tugboats, led by the German-made “ALP Guard” finally managed to free the massive shipping vessel, which is roughly the size of New York City’s Empire State Building.
German business newspaper Handelsblatt has reported that energy company Steag is planning to construct a gigantic battery for energy storage in a decommissioned coalmine in the west of the country.
The idea is to better connect medical research with medical treatment. The German Ministry of Education and Research (BMBF) has announced it will invest EUR 100 Million over the ten years to give specialist doctors, who are normally involved in daily practice, more opportunities to carry out research.
Berlin food delivery start-up Gorillas is the latest fledgling firm to join the coveted club of companies valued at USD 1 billion or more.
The German Ministry of Transport and Digital Infrastructure is launching a new EUR 11 million assistance program for “innovative aerial mobility.”
The German government has begun allocating money under last’s year’s highly touted EUR 10 billion “future fund“ to supercharge VC investment in start-ups and other promising young businesses.