Investment

  • Dutch technology firm conducts successful self-driving tests in Moscow

    Dutch multinational technology firm Yandex has announced that it has successfully conducted a test of a self-driving car in the Russian capital of Moscow. The company is Russia's largest technology firm and is commonly known as Russia's Google as it's also the country's main search engine with around 65% of market share.

  • EC leading ambitious program to make 300 cities ‘smart’

    The global smart city movement continues to gather momentum and new revolutionary technologies will only serve to accelerate the process.

  • EITC partners with ConsenSys on first blockchain platform as a service in UAE

    EITC (du), from Emirates Integrated Telecommunications Company (EITC), will build the first Blockchain Platform as a Service in UAE (BPaaS) in partnership with ConsenSys, the leading blockchain solutions provider and venture production studio building decentralized applications and offering an integrated set of solutions for the Ethereum blockchain ecosystem.

  • Ericsson announces it has raised $370m in funding for 5G

    Swedish telecommunications colossus

  • European car manufacturers partner on electric-vehicle charging stations

    Some of the world's largest car manufacturers are joining together in an effort to develop a joint network of rapid electric-vehicle charging stations across Europe. The automakers have opted to reject the idea of installing their own charging stations in favor of a collaborative approach.

  • European Commission launches new €20m AI project

    Executives from some of Europe’s largest companies and prominent technology thought-leaders have gathered for the inaugural meeting of the European’s Commission’s AI4EU project, which aims to drive the adoption of artificial intelligence (AI) across a wide range of industries.

  • European country set to introduce ‘free zones’ for testing of driverless cars and drones

    Portugal is set to introduce 'free zones' in an attempt to accelerate the development and deployment of self-driving cars and drones in the country. The 'free zones' will also have special regulations which will subsequently allow firms developing driverless technology to test the vehicles in a much more stringent way.

  • Experts claim greater investment in 4G-LTE is needed if Africa is to benefit from 5G

    ICT experts have claimed that increased investment is a 'necessity' if Africa wants to benefit from the forthcoming 5G revolution. Globally, the sector is currently advancing its networks in an attempt to deploy 5G early. However, one prominent ICT expert has recommended greater investment in 4G-LTE for the Africa continent.

  • Finnish capital passes strategy aimed at making city 'carbon-neutral' by 2035

    Finland has established itself as one of the most progressive countries in the entire world - and that has once again been evidenced by Helsinki's latest proposal to combat climate change. A proposal tabled at making the capital city carbon-neutral by 2035 - was unanimously passed by Helsinki City Council.

  • Firm invests US$200 million in Ericsson’s iconectiv business

    Francisco Partners, a leading technology investment firm, has completed its investment in iconectiv, an independent subsidiary owned by Ericsson. As part of the investment, Francisco Partners invests US$200 million to acquire a 16.7 percent ownership in iconectiv. The partnership between Ericsson and Francisco Partners will enable iconectiv to accelerate growth and deliver shareholder value.

  • France to invest €65m in African tech startups

    French President Emmanuel Macron has formally announced at a technology conference in Paris that it will invest €65m into technology-based startups in Africa. The charismatic French leader made the declaration at the third edition of the Viva-Tech trade fair which attracts some of the world's leading innovators, investors and entrepreneurs.

  • French automaker introduces its all-electric car-sharing service to Lisbon

    French automotive colossus PSA Group has formally announced the introduction of its Emov all-electric car-sharing service to a second European city. The rollout of the fleet will begin in the Portuguese capital of Lisbon next month.

  • French car manufacturer will go ‘electric’ by 2025

    Groupe PSA, the second largest car manufacturer in Europe has announced a joint venture with Nidec, the leading comprehensive motor manufacturer, to create “Nidec-PSA emotors”. Carlos Tavares, Chief Executive Officer of Groupe PSA and MM Shigenobu Nagamori, Chief Executive Officer of Nidec, endorsed today the establishment of the new project dedicated to the design, development, manufacture and sale of electric traction motors.

  • French companies partner to create ‘smart city of the future’ in Paris

    A French global energy services company and a real estate developer have agreed to partner on an ambitious new project that will create what they describe to be as a new 'smart city of tomorrow' in Paris.

  • French government announces plans to invest in India’s ‘Smart Cities Mission’

    The French government has announced that it will invest around 1.5 billion dollars in order to help accelerate the development of a number of projects that are set to commence in India as part of the country's ambitious 'Smart Cities Mission' program.

  • French power utility firm selects Nokia to test IoT technology for industries

    Nokia has been selected by French power utility EDF's R&D unit to test the performance of LPWA wireless networking technologies - key emerging standards for Internet of Things (IoT) device connectivity - to support critical operations for industries. The two companies will engage in a comprehensive testing regime, among the first of its kind in the industry, exploring the capabilities of LPWA technologies to support real-world industrial applications. Nokia is EDF R&D's exclusive partner for this effort.

  • General Motors and SoftBank invest in self-driving technology start-up

    The focus on self-driving technology, electrification and autonomy continues to accelerate and that was evidenced further by the investment in Silicon Valley based start-up NAUTO, by General Motors and SoftBank Group.

  • German car manufacturer expands its battery factory in China

    The BMW Group continues to drive the expansion of electro-mobility as part of its Strategy NUMBER ONE > NEXT. To achieve this, the company is adapting its production structures to growing demand for fully and partially electrified vehicles. Just seven months after opening its battery factory in China, the BMW Brilliance Automotive (BBA) joint venture today laid the foundation for a comprehensive expansion of the plant. At the “High-Voltage Battery Centre Phase II”, BBA will produce the new, more powerful batteries of the fifth-generation BMW eDrive technology for the fully-electric BMW iX3. Starting in 2020, the BMW iX3 will be built at the neighbouring BBA plant Dadong.

  • German car manufacturer invests €25m in ‘flying taxi’ company

    A leading-German car manufacturer has announced that it has invested €25m into a firm that specializes in producing 'flying taxis'. Daimler AG is one of a number of organizations who has decided to invest in German start-up company Volocopter.

  • German car manufacturer to explore if robots can help with autonomous cars

    A German car manufacturer is set to expand their collaboration agreement with a robot maker in a bid to examine and explore ways in which robots can help drivers of electric and autonomous vehicles.