German developer Lilium has announced that their prototype flying taxi has achieved speeds in excess of 100 km/h. This has given the startup confidence to expand its production capacity ahead of the planned commercial launch in 2025. Lilium is one of a clutch of startups working on battery-powered aircraft that can take off vertically, sparing future travellers the hassle of an airport check-in or delays due to road traffic. Powered by 36 electric motors, the test flights come six months after the five-seater Lilium first staged a test "hover" at a Munich airfield. For now, Lilium is testing its air taxi by remote control, but it will bring in on-board pilots later to be certified airworthy. (Reuters)
How founder of WeWork, Adam Neumann, walked out of the failing company with a massive payout.
Entrepreneurs featured in this story are from wide-ranging backgrounds and education.
For the Tata Group patriarch Ratan Tata, who has invested in over a dozen startups, the latest being an undisclosed amount in electric vehicle startup Tork Motors, belives that becoming an investor in new-age companies has been "an accident."
For many retailers, Amazon has the power to control their destiny. Then there’s the fact that Amazon both serves as a platform for companies wanting to sell things and sells things itself, meaning it competes with the same companies it enables.
Many supporters of meatless alternatives have hailed the new products as a sign that plant-based meat has gained widespread acceptance.
Their exposure in startup scene and operational credibility have made them darlings of venture capital firms
Tech-led fitness startups are using Artificial Intelligence (AI) systems to alert users about potential lifestyle conditions early enough for accurate diagnosis, in the process perfecting a business model that focuses on prevention for the health conscious. Typically, a fitness app on your phone looks at an Instagram picture of what you ate to gauge the calories consumed and suggest the best workout next day. Initially, firms such as GOQii, HealthifyMe and Cure.Fit hired dieticians and fitness experts to manually scan each image and come to accurate conclusions.
The nascent change is being driven by the stumbles of some high-profile “unicorns” — the startups that were valued at $1 billion and above in the private markets — just as they reached the stock market.
A whole generation of internet entrepreneurs have small-town roots and hunger to build something successful.
There are now 15 to 20 startups in space technologies sector compared to just a handful a few years ago.
More professionals are giving up promising careers in big cities to start up in their tier-2 hometowns.
New-age companies reach out to alumni, investor and human resource networks to help employees find jobs again.
The quality of teaching, especially English-language education in government schools across the country, has always been a pain point.
Witness Uber, Theranos and WeWork. Their charismatic founders raised billions of dollars and won over A-list investors before crumbling under pressure.
Unlike other troubled startups, which tried to cover up their scandals, We stands out for its brazenness.
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