Hawa Dawa means “air purity” in several languages – which makes it an appropriate name for a multicultural company associated with Munich’s Technical University that is devoted to combatting air pollution.
Investors / Startups
Which sectors are best negotiating corona-related business challenges in Germany? One good indication is Business Insider newspaper’s list of the country’s 100 fastest growing start-ups.
Online retail is booming, with some 3.65 billion packages being sent in Germany in 2019 and that figure likely to rise considerably because of the coronavirus pandemic. This has led to a veritable deluge of packaging waste – a problem German French start-up LivingPackets aims to solve with something called, simply, The Box.
Düsseldorf fintech start-up Auxmoney landed the coup of 2020 thus far in early September, raking in EUR 150 million in financing from New York VC fund Centerbridge.
The travel industry has been very hard hit by the corona pandemic and its various restrictions. But Berlin start-up Omio is bucking the trend in a big way. The travel platform has just taken in EUR 100 million in additional venture capital from investors including Goldman Sachs.
A voice-activated data app aims to make life a lot easier for carers.
US automaking giant Ford has joined the German e-scooter market. This summer, Ford subsidiary Spin rolled out two-wheelers in the western German cities of Cologne, Dortmund and Essen.
Over the past decade, Germany has turned itself into a hot destination for international start-up investors. Berlin is particularly attractive to innovative, young technology companies, while other parts of the country are drawing entrepreneurs in the green energy and solutions sectors. Lower rents and salaries are undercutting Silicon Valley.
An office, a lab and EUR 50,000 – that’s all Lidia Nachbaur needed to start Qventis, a medical devices firm in Hennigsdorf, a small town in the state of Brandenburg, outside Berlin.
More than 600 million people around the world suffer from chronic respiratory ailments, with over 3.5 million of them dying every year. Inhalation treatments are one effective response, but only if they’re used properly. To this end, German startup VisionHealth has developed an app, called Kata®, to ensure the procedures are carried out correctly.