Tokamak Energy gets US, UK backing for $52M fusion reactor upgrade
Just two weeks since raising $125mn in funding, British scaleup Tokamak Energy has secured backing from the US and UK to upgrade its ST40 fusion energy plant. The US Department…
Aachen spinout FibreCoat secures €20mn to bring super-fibres to spacecraft
German startup FibreCoat has bagged €20mn in Series B funding as it looks to bring its super-resistant materials to the burgeoning space industry. FibreCoat spunout from RWTH Aachen University in…
Google Deepmind’s new weather forecaster blows away the competition
Google Deepmind researchers have built an AI weather forecasting tool that makes faster and more accurate predictions than the best system available today. Dubbed GenCast, the new model outperformed the…
Dr. Rob’s new AI model promises to cut aircraft design time from months to days
UK startup PhysicsX, founded by former Formula 1 engineering whizz Robin “Dr. Rob” Tuluie, has unveiled an AI tool that could fast-track the time it takes to design a new…
Spanish startup edges closer to Europe’s first private orbital rocket launch
PLD Space has secured an €11mn loan to help fund the development of a liftoff site for its partially reusable Miura 5 rocket, which is set to become Europe’s first…
Fuelled by €24M, UK startup gears up to put more thermal satellites in orbit
British startup SatVu has secured £20mn (€24mn) to fuel the development of its hyper-accurate thermal imaging satellites that act like a thermometer for the whole planet. The cash injection includes…
This startup’s microliner promises a cheaper route to electric flights
It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors…
Cambridge spinout Molyon bets on lithium-sulfur in race for better batteries
Lithium-ion batteries have served us well, powering much of the modern world. However, today’s tech — everything from drones and EVs to the wretched Tesla cyber truck — demands denser…
Air taxi startup Vertical Aerospace extends runway with $50mn lifeline
Vertical Aerospace has been thrown a crucial lifeline, staving off potential bankruptcy at the cash-strapped air taxi startup. The UK-based company — which makes electric vertical take-off and landing (eVTOL)…
Swiss startup turning rainy days into refunds launches first product
Zurich-based startup Poncho has officially launched its weather insurance platform — and bagged some fresh funding to boot. Founded in 2023, the company aims to transform how the travel and…
UK hospitality startup Lighthouse enters unicorn club with $370M raise
London-based startup Lighthouse just raised a hefty $370mn from American investment giant KKR at a valuation of over $1bn, making it Europe’s latest unicorn tech company. The funding will supercharge…
Candela brings electric flying ferry to US shores after $40M raise
Candela is flying high — and across the Atlantic. The Swedish startup has secured $14mn, marking the close of its Series C round at a cosy $40mn. This puts its…
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