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🚴♂️ Angell E-Bike Startup Declares Insolvency French e-bike company Angell is shutting down due to critical bike hardware flaws. Customers face safety concerns and potential service disruptions. 🔗 Read more: https://lnkd.in/ghW2RZQ4 Stay updated with TechAmerica.ai! 💡

🚲 Navigating E-Bike Regulations: A Must-Read for Startups! 🚲 Are you developing an e-bike startup but feeling overwhelmed by the regulatory requirements? You're not alone—navigating the complex rules surrounding the e-bike industry can be challenging, especially for emerging companies. At ZÆT, we understand the hurdles startups face and are here to help! Our latest blog post offers insights into the regulatory landscape and explains how we support startups in overcoming these challenges. 🔧 From understanding legal classifications to safety standards, we break down the essentials you need to know. Plus, learn how ZÆT provides tailored guidance to ensure your products meet global standards and enter the market with confidence. Check out the full post to learn more about how to navigate e-bike regulations and thrive in this fast-growing industry: https://wix.to/5vEZiXQ #UrbanMobility #EBikeInnovation #Startups #Regulations #SustainableMobility #newblogpost

You need a little “Mad” to build a hardware company.  You need that right kind of “Mad” in your co-founder, investors and colleagues to go along with you  to build some thing that simply did not exist in this world until you all agreed that it should. You need that extra “Mad” to show up to investors and global conferences to proudly present what is in reality an extremely sketchy looking prototype to highly quizzical and skeptical glances. You need that “Mad” group of entrepreneurs and builders we call family here at the Newlab. #startups #cleantech #bicycle #mobility #innovation #sustainability

Angell’s Journey Hits a Bump: French E-Bike Startup Faces Financial Trouble 🚴♂️📉 French e-bike pioneer Angell, once hailed as a leader in urban mobility innovation, is nearing bankruptcy. Known for its sleek, tech-packed electric bikes, the startup now struggles to keep its wheels turning in an increasingly competitive and challenging market. What Went Wrong? 🔹 Market Saturation: A surge in competitors has made it harder for Angell to maintain its edge in the growing e-bike industry. 🔹 Financial Strain: High production costs and limited scalability have placed significant pressure on the company's resources. 🔹 Economic Conditions: Rising inflation and decreased consumer spending on luxury goods have further tightened the market. The Impact 🚨 For Employees: Job security for workers is at risk, highlighting the fragility of startups in the tech-driven mobility sector. 🚴♀️ For Consumers: Angell’s loyal user base may face uncertainty regarding after-sales support and future product updates. 🌍 For Urban Mobility: Angell’s challenges reflect broader issues in the sustainable transportation sector, where innovation meets tough financial realities. The Road Ahead While Angell teeters on the edge, the situation underscores the need for robust business models and strategic investments in a competitive landscape. Whether through acquisitions or new investors, the company’s fate could serve as a cautionary tale for startups navigating the evolving green mobility ecosystem. #EBikeIndustry #UrbanMobility #AngellEbike #StudiosEerb #SustainableTransport #StartupStruggles #TechInnovation #GreenMobility

Nigerian mobility startup Moove has successfully completed the acquisition of Brazilian car rental startup Kovi in an all-share deal, marking a significant step in its expansion across Latin America. With this acquisition, Moove is set to strengthen its presence in the region, having already launched operations in Mexico in October 2024. The acquisition not only increases Moove’s fleet to 36,000 vehicles but also expands its operations to 19 cities, underscoring the company’s ambition to become a dominant player in global mobility. The addition of Kovi’s proprietary IoT software and advanced driver behaviour models enhances Moove’s capabilities, supporting the company’s focus on safety, efficiency, and innovation in AI mobility. This transaction also highlights Moove’s commitment to contributing to the Brazilian economy while deepening its engagement with local markets. Kovi, which started with the goal of helping people rent cars for ride-hailing, has since broadened its services to include food delivery workers, cementing its role as a key player in Latin America’s mobility ecosystem. The acquisition raises Moove’s annual revenues to $275 million and further solidifies its position in the competitive mobility sector. This growth is complemented by the company’s ongoing expansion, including partnerships with industry leaders such as Uber and Waymo. The acquisition also strengthens Moove’s fleet management capabilities, ensuring it is well-positioned to meet the growing demand for mobility services in the region. Moove’s acquisition of Kovi is a strategic move that accelerates the company’s global growth and positions it as a category-defining leader in the mobility space. With a shared purpose-driven approach and robust regional expertise, Moove and Kovi are set to leverage their combined strengths to deliver innovative, scalable solutions that transform the future of transportation across Latin America and beyond. Ladi Delano Adhemar M. Y Combinator #Moove #Kovi #GlobalMobility #LatinAmericaExpansion #FleetManagement #AI #Innovation #Transportation #MobilityStartups #Brazil #Mexico #DigitalTransformation #BusinessGrowth

Former Indian cricket captain MS Dhoni has made a significant investment in the ride-hailing startup BluSmart, contributing to a ₹200 crore funding round. Established in 2019, BluSmart distinguishes itself by exclusively operating electric vehicles, positioning itself as a sustainable alternative to mainstream platforms like Ola and Uber. This marks Dhoni's third investment in the automobile sector. BluSmart is a ride-hailing service that focuses solely on electric vehicles. With a valuation of $250 million (approximately ₹2,089 crore), the startup aims to reshape urban transportation in India. Dhoni's investment reflects his commitment to supporting sustainable business models within the automotive industry. #MSDhoni #BluSmart #ElectricVehicles #SustainableTransport #RideHailing #StartupInvestment #EVs #GreenMobility #UrbanTransport #IndianStartups

🚴♂️ From the Brink to Thriving: Joco's Remarkable Comeback Joco, the e-bike startup that faced near collapse at launch, has become a lifeline for delivery riders and a shining example of resilience. By addressing the critical need for sustainable, efficient transportation in urban delivery, Joco has carved out a profitable niche in the competitive e-bike market. Their journey highlights the power of adaptability, innovation, and staying connected to real-world needs. For delivery riders, Joco isn't just a service—it's a reliable partner helping them navigate the demands of modern logistics. This story is an inspiring reminder that even the toughest challenges can lead to incredible success with the right mindset and perseverance. Kudos to the Joco team for turning adversity into opportunity! Source: TechCrunch #EbikeRevolution #ResilienceInBusiness #SustainableTransportation #Innovation #StartupSuccess

#evmotor #evscooter #evrevolution #sustainability #ebike #greenenergy #startup #evstattup #automotive #twowheeler Is it possible to achieve 92% efficiency in hub motor? ….. Oh we could achieve only 91.4% ….

Moove expands globally by acquiring Brazilian car rental startup Kovi, strengthening its position in mobility financing. The move aligns with its mission to empower drivers with vehicle access. Read more here: https://lnkd.in/eRjATeTP #CrestAfrica

Toronto-based Element Fleet Management, which manages North American vehicle fleets and has a market worth of CA$10 billion, is buying Israeli startup Autofleet for $110 million, according to a statement made early today. Kobi Eisenberg (CEO) and Dor Shay (CTO) launched the Israeli company in 2018 and employ 70 people. It will become Element Fleet Management's Israeli development center but will continue to function as a profit center and market its products independently. Autofleet has raised $28 million from Maniv Mobility, MizMaa Ventures, and Next Gear Ventures, which will profit, and two strategic investors: Goodyear's venture capital arm and Fujitsu, which invested in the company's last fund raising round. PitchBook reports that these two investors and Keyframe Capital Partners invested three years ago at a valuation equal to the company's current sale, so they won't receive a big return. Eisenberg and Shay worked at Gett, a taxi app. Autofleet software helps fleet managers maximize vehicle performance, save costs, and manage maintenance. Care hiring companies, vehicle manufacturers, taxi firms, truck and electric scooter fleets are its clientele. Alphabet's Waymo, the most advanced autonomous taxi #business in the West, is a customer. Waymo One, a San Francisco driverless taxi service, made a $5 billion investment in fleet development last month. To share your startup story write us on - contact@startuprise.org #Startup #Management #Israel #Customer #Investment