TLDR:
Key Points:
- Ember raises £11M for Intercity electric bus network
- Belong launches wealth-building platform after securing £2.95M in pre-seed funding
In this week’s MaddyMoney, Ember raised £11M for their electric bus network, Belong secured £2.95M in pre-seed funding for their wealth-building platform, and Fieldwork Robotics received a £600K government grant. Ember plans to use the funding to accelerate the rollout of their electric buses and develop EmberOS. Belong aims to make wealth-building accessible to a wider demographic with a focus on millennials. Fieldwork Robotics will use the grant to enhance their harvesting robots with AI-powered vision technology.
Ember raises £11M for Intercity electric bus network
Ember, a company that operates an electric bus network, raised £11M in a Series A financing round. Inven Capital, 2150, and AENU led the round, with previous investors also participating. Ember plans to use the funding to expand their services and invest in their EmberOS platform. This platform orchestrates all aspects of the network, from timetabling to maintenance, allowing for efficient operation of electric buses at low costs.
Belong launches wealth-building platform
Belong, a new wealth-building platform, secured £2.95M in pre-seed funding, the largest ever raised by female founders in Europe. The platform offers customers the option of a Boost loan to scale up long-term investments in equities. Belong aims to democratize wealth-building traditionally accessible to a few and focus on professionally-employed millennials.
Fieldwork Robotics receives £600K government grant
Fieldwork Robotics, a developer of harvesting robots, received a £600K grant from DEFRA and Innovate UK. This grant will support the development of AI-powered vision technology for Fieldwork’s robots. The company’s robots operate in non-controllable environments, such as agriculture fields, and the grant aims to enhance their decision-making capabilities.
