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.
Location / Regions in Structural Change
March 22, 2022 will go down as a major date in German automotive history, as US electric vehicle manufacturer Tesla inaugurated its first-ever European gigafactory in the regional state of Brandenburg outside the German capital.
A study in the journal Nature-Scientific Reports has shown that cold atmospheric plasmajet (CAP-jet) is far more salutary than the standard best-practice treatment of wounds.
It’s no accident that electronics giant Intel decided to locate its coming €17bn microchip gigafactory in Germany. More and more semiconductor manufacturers are discovering the advantages of being in Europe’s largest market and automotive and technological heartland.
Business software company Staffbase from Chemnitz in eastern Germany has joined the ranks of firms valued USD 1 billion or more. That’s after a funding round of EUR 106 million from investors including General Atlantic and Insight Partners.
Researchers at the Technical University of Chemnitz and Dresden’s Leibniz Institute IFW have constructed a battery the size of a dust particle. Scientists at the Changchun Institute of Applied Chemistry were also involved in the project, which is being touted as the world’s tiniest battery.
There was no let-up in the first weeks of 2022 in big deals involving innovative young technology companies based in Germany. Fintech took the spotlight. Here’s our bimonthly review.
Wandelbots, a high-flying start-up from the eastern city of Dresden, has ascended to the next financial level with a funding round of USD 84 million.
1400 degrees Celsius and 200 MPa – nearly enough heat to melt iron and the pressure of a luxury car resting on the point of a finger. Those are the impressive specs of the Hot Isostatic Press (HIPpe) at Bremen’s ECOMAT technology center.
Birkenstock and Huber Landtechnik GmbH invest in the north of Germany.