France and Germany Fund Anti-Crisis AI Initiatives

The French and German governments are putting EUR 17.9 million into five projects aimed at using artificial intelligence to increase sustainability, identify and combat potential epidemics, and protect industry against disruptions to supply chains.

Hundreds of Millions in VC for German-Based Companies

Medical technology leads the way in our bimonthly round-up of the biggest venture capital deals involving firms from Germany. But logistics, greentech and fintech companies also booked nine-figure funding rounds.

Mercedes Sets New Range Mark for EVs

A prototype Mercedes-Benz all-electric EQXX has broken through the 1000-kilometer range barrier for the first time on a single charge. The vehicles set the new record on April 5 on a 1008-km tour from Germany via the Swiss Alps and northern Italy to the French Côte d’Azur.

Germany’s Clean Energy Transition – “A Question of Must, not Whether”

When it took office late last year, the new German government promised to introduce wide-ranging legislation by Easter to accelerate the transition to clean energy. The so-called “Easter Package” delivers on that pledge.

Massive Contracts Awarded for First Direct UK-German Electricity Connection

The developers of the Neuconnect Interconnector – a novel 720-kilometer land and underwater cable link between the United Kingdom and Germany – have announced that EUR 1.9 billion will go to Italy’s Prysmian Group and German multinational Siemens.

Digital Restaurant Ordering Platform Becomes Unicorn

Berlin start-up Choco has broken the USD one billion mark after taking in EUR 102 million in Series B-2 funding. The company, which offers ordering services to restaurants and food suppliers, doubled its value in the past 6 months and increased its users by 350 percent in 2021.

German Gaming Market Approached EUR 10 Billion

2021 was a very good year for the gaming sector in Germany. The German Games Industry Association (game) has calculated that revenue software, online fees and hardware shot up 17 percent last year over already records levels in 2020. Total turnover was EUR 9.8 billion.

Platform for Female Founders

Increasing numbers of women are founding start-ups in Germany and gender-diverse teams are delivering better returns, but there’s still a long way to go toward equality. We look at the challenges facing female entrepreneurs and the rewards of backing them.

German Company Brings Sustainable Construction Idea to Namibia

PolyBlocks have often been described as “Legos for adults” and require no specialist expertise to use in construction.

Germany Tops EU as Venture Capital Destination

In the first week of April, Berlin’s Grover became the latest German unicorn after raising USD 330 million in Series C funding.