Morning must-reads Greenly raises $52M to track corporate emissions: If you want to lower your companyâs carbon footprint, or even seek net-zero status, you have some accounting to do. TechCrunchâs Tim De Chant reports that bigger companies can pull that off, but all that new work can get expensive for smaller businesses. Greenly, a French startup that just raised a massive new round, wants to help companies of all sizes track their emissions, and it apparently clocked annual recurring revenue of $10 million last year. The company is based in Paris, so chalk this up as yet another indication that French startup activity is accelerating. Electric boats are becoming a real thing: With hydrofoils and electric engines, Candela is racking up demand for its electric boats, and investors have signed a $25 million check to help it capitalize on that demand. Notably, Candelaâs boats are getting bigger, which means we could see bigger seafaring vehicles run by electricity sooner than we thought. X allows developers to buy more API access in blocks: If a developer who pays to interact with Xâs API runs out of access, they can now purchase âtop upsâ at a rate of $100 for 10,000 posts, TechCrunch reports. The social media company is working to reform its business model under its new ownership to supplement its reportedly diminishing advertising incomes. Pelikan Mobility raises â¬4M to help companies lease out more EVs: As more commercial vehicles go electric, the transition from gas isnât going to be simple for fleet companies. Enter software, enter startups, enter Pelikan Mobility. The French startup is building a platform and a leasing solution to optimize fleet management for owners of commercial vehicle fleets that want to go electric. Nexus investor sets out on his own: Well-known Indian venture capitalist, Sameer Brij Verma, is leaving Nexus Venture Partners, one of the most active firms in the country. Heâs not retiring, however, but instead working on a new fund that could total $150 million. |
