Cylib starts building Europe’s largest EV battery recycling plant

German startup Cylib has broken ground on its first industrial-scale battery recycling plant, just months after it raised €55mn in the largest-ever funding round for a European battery recycling company. The state-of-the-art facility, located at Chempark on the outskirts of...

September 9, 2024

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Europe’s biggest floating solar farm could power a large town

Berlin-based renewable energy firm Q Energy has secured €50mn in debt finance to complete work on Europe’s largest floating solar farm, set to power up next year. The plant is already under construction at the site of a former quarry...

September 6, 2024

Europe’s semiconductor sector calls for immediate ‘Chips Act 2.0’

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Europe’s semiconductor sector calls for immediate ‘Chips Act 2.0’

ESIA, the association representing Europe’s semiconductor industry, has called for an “immediate Chips Act 2.0” — if the bloc is to maintain momentum in the global race for technological leadership. The group comprises major chipmakers such as NXP and Infineon...

September 3, 2024

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Europe’s unicorns have risen to €447.4B in total value, report finds

The cumulative value of Europe’s active unicorns now sits at €447.4bn — 3% higher than in 2023, according to a new report from Pitchbook. The report also found that unicorn deal value continued to show signs of recovery during the second...

August 27, 2024

Space collisions are a growing threat. Europe’s techies want to help

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Space collisions are a growing threat. Europe’s techies want to help

Space has become a crowded place. Astronomers estimate that over 10,000 active satellites were in orbit last month — four times as many as just five years ago. The surge in launches has ignited excitement about a new space race. But...

August 22, 2024

$45B valuation — Revolut becomes Europe’s most precious private tech firm

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$45B valuation — Revolut becomes Europe’s most precious private tech firm

UK fintech Revolut has been valued at $45bn following a share sale by employees, making it Europe’s most valuable private tech company and shaking up the world of traditional finance. An employee share sale is when staff sell their company...

August 16, 2024

The race to power Europe’s warehouses with robots

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The race to power Europe’s warehouses with robots

The robot arms train every night. About half a dozen of them, flexing in silence. They practise picking up items thousands of times over, to test whether their latest algorithms are working as intended. And in the morning, Nomagic’s engineers...

August 14, 2024

The global IT outage exposed Europe’s dangerous dependence on US tech

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The global IT outage exposed Europe’s dangerous dependence on US tech

It’s a taunt that’s reiterated to the point of cliché: Europe is a good place to start a tech business, but a bad place to scale one up. The causes are contentious but their impact is undeniable. None of the...

July 23, 2024

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Europe’s Ariane 6 ready for launch: Here’s how the rocket will reach orbit

Europe is set to regain independent access to space tomorrow, July 9, when the long-awaited Ariane 6 rocket lifts off for the first time. The heavy-lift satellite launcher — commissioned by the European Space Agency (ESA) and made by ArianeGroup...

July 8, 2024

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Why Lithuania is a hidden gem of Europe’s startup ecosystem

In 2022, over 20,000 Lithuanians returned to their country of birth from abroad. A high quality of life coupled with a booming entrepreneurial ecosystem and a collaborative mentality has contributed to what investors are calling a “reverse brain drain.” Many...

April 26, 2024

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