Monthly Archives: July 2022

As rumors swirl about his future, Russia’s space chief darkens his rhetoric

Enlarge / Roscosmos head Dmitry Rogozin really knows how to fill out a hard hat. (credit: Yegor Aleyev / TASS via Getty Images) Rumors on Russian social media networks and in select publications are swirling that the bombastic director general of Roscosmos, Dmitry Rogozin, will soon lose his position. The Interfax news agency reports that…

Indian fintech OneCard tops $1.4 billion valuation in fresh funding

FPL Technologies, an Indian startup that offers credit cards to customers under the brand name OneCard, is the latest in the South Asian market to join the unicorn club following a new round of funding. Singapore’s Temasek, one of the world’s largest investors, led the Pune-headquartered startup’s Series D round, OneCard disclosed in a filing…

Despite an ‘unprecedented correction’, Atomico’s newest partner wants to help European founders thrive

It has been a busy few months for Atomico, the European venture capital (VC) juggernaut founded by Skype co-creator Niklas Zennström some 16 years ago. After promoting three investors to partner back in April, it then brought in former Revolut and Uber executive Don Hoang as partner a month later. To cap off this frenzy,…

Autonomous flight startup Merlin Labs nabs $120M and US Air Force partnership

Autonomous flight is a grand challenge in aviation — and a gold mine. The first company to crack it at scale stands to reap handsome profits from transportation and logistics alone. In 2020, the size of the global cargo airline industry was $110.8 billion, according to Statista, and one source estimates that it’ll generate hundreds…

XFuel hopes to sail past biofuels’ troubled past with modular reactor design

Biofuels are the sirens of renewable energy, luring startups with enchanting promises of enormous markets, from aviation to trucking and shipping. Companies just can’t help throwing themselves at the problem, and more than a few have been dashed to pieces in the process. One new startup, though, hopes it’s Ulysses in this tale, able to…