15 Jun

Taxify, Uber’s biggest rival in Africa, is now worth $1 billion

Taxify battle to win the ride-hailing market in Africa and Europe has received a major shot in the arm.

The five-year old Estonian startup has raised $175 million in a funding round which values it at more than $1 billion—the coveted unicorn status. The round is led by German car giant Daimler, Europe-based Korelya Capital, and Taavet Hinrikus, co-founder of fintech company TransferWise. The round also saw participation from Didi Chuxing, the ride-hailing giant in China known for backing Uber’s rivals around the globe.

The investment is Daimler’s latest foray into the ride-hailing transport business after prior investments in European car transport companies, including Flinc, the German carpooling startup. As part of the deal, Daimler will join Taxify’s board and could also offer it access to Moovel, its transport-booking app, with a user base of 2.5 million.

Taxify currently operates in 40 cities—11 of which are in Africa—and is expected to use the new funding to power an expansion into more cities. Its expansion strategy will likely target only cities where the ride-hailing business has been “proven,” as CEO Markus Villing told Bloomberg last year.

Read more: Quartz Africa

06 Nov

Spacecom’s Amos-17 Satellite Successfully Completes Critical Design Review (CDR)

AMOS-17 Multi-Band High-Throughput Satellite (HTS) To Service Africa from 17°E Orbital Position, Scheduled for Launch in 2019 via SpaceX Falcon-9

 

Tel Aviv/Cape Town – 7 November 2017: Spacecom (Tel Aviv Stock Exchange: SCC), operator of the AMOS satellite fleet, announced today that its AMOS-17 communication satellite has successfully completed its Critical Design Review (CDR) and entered full production. Specifically designed for the African continent and scheduled for launch in early 2019, AMOS-17 will operate from 17°E to expand and strengthen Spacecom’s coverage in Africa, the Middle East and Europe. It will offer extensive Ka-band, Ku-band and C-Band HTS services, combining broad regional beams and high throughput spot beams to maximize throughput and spectral efficiency. The satellite’s in-orbit life is expected to be 19 years.

Boeing Satellite Systems International is building the satellite and SpaceX will send it into orbit on a Falcon-9 launch vehicle.

David Pollack, president and CEO of Spacecom said, “AMOS-17, equipped with latest generation digital payload, represents the most advanced satellite over Africa and further delivers on our long-term commitment to the African market. This satellite will bring multi-band high-throughput technologies to deliver unique service capabilities not possible on traditional satellites. We are introducing cutting edge satellite technology to Africa, that combined with our customer-centric approach, makes Spacecom the ideal choice for service providers. AMOS-17 will advance our support in creating a digital Sub-Sahara Africa society.”

 

About Spacecom:

Spacecom (Space-Communication Ltd.), operator of the AMOS-3 and AMOS-7 satellites co-located at 4°W, and AMOS-4 at 65°E, provides high-quality broadcast and communication services to Europe, the Middle East, Africa, and Asia via direct-to-home (DTH) and direct broadcast satellite (DBS) operators, Internet service providers (ISPs), telecom operators, network integrators and government agencies.

With the additions of AMOS-17 in 2019 and AMOS-8 to the 4°W orbital position in 2020, Spacecom will further expand its reach reinforcing its position as a leading multi-regional satellite operator.

For more information, please visit: http://www.amos-spacecom.com/

 

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Josh Shuman, S&A Communications

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joshs@shumanpr.com