After another successful round of funding this summer, online bank N26 has become Germany’s most valuable start-up with a total estimated worth of 3.5 billion euros.
Germany is Europe’s number one healthcare market by volume: Patients, manufacturers and providers power a life science industry composed of thriving medical technology, pharmaceuticals, medical biotechnology, and digital health sectors.
The online real estate platform McMakler has attracted 50 million euros in venture capital – a record for a proptech start-up in a single round of financing.
Augmented reality start-up 3DQR has received an infusion of more than EUR 1 million from bmp Ventures and a business angel.
The number of electric bikes sold in Germany has doubled since 2014. While most of these are imports, the global demand for high-value German e-bikes is growing considerably and the market is diversifying.
The parliamentary groups of the governing German coalition parties have called for a national center of excellence dedicated to digitization in the planning and construction sectors.
Power company ENBW has announced the construction of what will be Germany’s largest solar energy park. What’s more, the firm is doing this without any help at all from state subsidies.
Mobile communications provider Vodafone has carried out the first-ever remote-controlled test run of a train using 5G technology. The test was carried out at the company’s smart Smart Rail Connectivity Campus in Germany’s central Erzgebirge region.
German carmaker Opel is following many of its competitors and going green.
ZD Automotive has opened up a new company building in the Bavarian city of Ingolstadt. It’s intended to be home to as many as 120 employees working in research and development for the infotainment-systems and autonomous-driving specialist.