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This is how the digital start-up from Munich works

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The goal of the Munich start-up GridX is to digitize the energy industry. The company wants to connect resources and make renewable energy accessible and affordable everywhere. In our location portrait we take a look behind the scenes of GridX.

The digital start-up GridX was founded in 2016 by Andreas Booke and David Balensiefen. Since then, the company’s goal has been to digitize the energy industry. The start-up wants to connect energy resources to make renewable energies accessible and affordable across the board.

A platform for managing energy resources

With the in-house energy platform Xenon, users can, for example, monitor and control decentralized energy resources. This applies to wall boxes, batteries and inverters. The system takes the capacities of the power grid into account.

For example, gridX wants to charge e-cars in public spaces as efficiently as possible without overloading the local power grid. With the GridX system, users can also manage energy digitally and split it between different charging points.

This is how the Munich digital start-up Gridx works

If the general consumption in a certain area drops, for example, several electric cars can be charged at the same time or with a higher power. The company wants to optimize charging processes and use available capacities efficiently.

In 2021, the energy group EON took over the majority stake in the start-up. However, GridX remained independent and is still managed by the two founders. The company now has 75 employees and, in addition to Munich, has a second location in Aachen. In our location portrait we take a look behind the scenes.

The co-founders chose the name GridX because they both want to promote exchange and want to connect everything together. “Everything” is also often represented as an X. (Photo: Company)

Use the arrows under the heading to go back and forth.

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Source: https://www.basicthinking.de/blog/2022/05/14/so-arbeitet-das-muenchner-start-up-gridx/

Flink buys French rival Cajoo

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The supermarket chain Carrefour is also involved in the deal. Also: Elon Musk talks about lower Twitter price and sends a poo emoji. And a star investor bets against Apple.

Flink and Cajoo drivers – the market for food suppliers continues to consolidate.
Considerable

Good Morning! While you slept, work continued elsewhere in the digital scene.

The top topics:

The ten minute delivery service Considerable buys the French rival Cajoo. The Berliners want to accelerate their expansion in France and further expand their position in Europe. Carrefour, Cajoo’s former investor and retail partner, will become Flink’s exclusive partner for the French market. The supermarket chain also becomes a direct shareholder. The financial details of the takeover were not disclosed, but insiders speak of a deal in the amount of 90 to 100 million euros. Carrefour’s investment is said to be between 60 and 70 million euros.

In addition to Germany and France, Flink is also active in the Netherlands and Austria. The Berliners had only received a financial injection of 750 million US dollars in December, a series B financing round led by the US delivery service Doordash. At the time, the grocery delivery service was valued at $2.1 billion. After the current deal, Flink could reach a market value of five billion dollars, according to a report by Techcrunch. According to its own statements, Flink is the market leader in France after the takeover. [Mehr bei Techcrunch]

On the founding scene is about today exit tips. Is there the wrong buyer for your own startup? Yes, there is, like the case of the Anchorage exits in Nestlé indicates. The spice startup got a shit storm because fans and partners are dissatisfied with the food company, which is repeatedly criticized for child labor or animal testing. We asked an expert what founders need to consider so that they don’t suffer the same fate when selling a company. [Mehr bei Gründerszene+]

And here are the other headlines of the night:

Of the Twitter-Deal with Tesla boss Elon Musk Keeping the headlines busy: After Musk temporarily put the acquisition “on hold” to check the number of fake and spam accounts, the billionaire has spoken publicly that he might now aim for a lower selling price after all. In addition, the relationship with Twitter management has continued to deteriorate. On Monday, Musk tweeted a poo emoji to Twitter CEO Parag Agrawal. He was responding to a lengthy thread in which the CEO explained the company’s policy on spam accounts. [Mehr bei The Guardian]

Star-Investor Michael Burry has used the correction on the US stock market to reposition its portfolio. So he rose for a total of 165 million US dollars at the Google mother Alphabetthe Facebook mother Meta and eight other shares. This is shown by documents that his hedge fund had to submit to the US Securities and Exchange Commission. Also, Burry bets against Apple. With the iPhone manufacturer, he is counting on falling prices. [Mehr bei CNBC und Handelsblatt]

Rivian Automotive is suing a major seat supplier, warning that a price war could jeopardize the production of one Amazon ordered electric vans could affect. At the same time, it was revealed that founder and CEO RJ Scaringe bought 41,000 shares of the electric vehicle startup, valued at about $1 million. [Mehr bei Wall Street Journal und Techcrunch]

Celsius Mining, a bitcoin mining subsidiary of London-based crypto-financial services firm Celsius Network, announced Monday that it has applied for a public listing in private. A spokesman declined to comment on whether the listing will be an IPO or a direct listing. The move comes as a surprise after it follows a sell-off in tech stocks as well as a market downturn in cryptocurrencies. Bitcoin’s price has slipped below $30,000 in the past few days. [Mehr bei The Information]

Microsoft raises the remuneration of its employees, as CEO Satya Nadella announced internally on Monday. Nadella justified the salary increases with the tight labor market and rising inflation. Also the Google mother Alphabet had recently announced higher wages while Amazon announced that it would more than double the maximum base salary for employees. [Mehr bei CNBC]

Our reading tip on Gründerszene: DHL – on the show could Aivy win two lions for his application app. But the deal later fell through. We found out why there was Zoff. [Mehr bei Gründerszene]

Don’t want to miss anything? Then subscribe to our Gründerszene newsletter! It appears every morning at 8:30 a.m. and brings you all the important news straight to your inbox.

Happy Tuesday!

Your Gründerszene editors

Source: https://www.businessinsider.de/gruenderszene/business/flink-kauft-franzoesischen-rivalen-cajoo/

Super-Wheel: E-bike alternative without electricity and battery?

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Super-Wheel: E-bike alternative without electricity and battery?

Source: https://www.basicthinking.de/blog/2022/05/14/superwheel-fahrrad-e-bike-alternative/

The good news of the week

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In the “Good News” we present positive news from this week. We focus on the topics of technology, social media, marketing and business. Our Good News this week: Concrete made from disposable masks, Tasmania is now carbon negative and repair bonus in Austria.

Natural disasters, scandals and extremism: Bad news often evokes stronger emotions than good news. In addition, they are remembered for longer. This is the conclusion of a study by an international team of experts, which was published in the scientific journal PNAS.

But bad news is also good for business. Because they attract more attention. In our “Good News” series, we would therefore like to regularly present you with positive news from the previous week that may have been lost. The update for the second week of May 2022.

Concrete made from disposable masks

Billions of disposable medical masks have been in circulation since the beginning of the corona pandemic. But one of the central protective measures in the fight against the virus is increasingly becoming an environmental problem. Because many masks end up in nature and pollute the environment.

The problem: Most medical masks are made of plastics such as polypropylene and polyester, which are difficult to degrade and sometimes only decompose after decades. scientists of Washington State University have therefore come up with a special disposal method in which the used masks also serve a purpose.

The researchers want to add medical masks to concrete. In initial attempts, they first removed the metal parts, crushed the masks and then chemically treated them until they disintegrated into polypropylene and polyester fibers.

The scientists then coated the fibers with graphene oxide, mixed them with cement and finally turned them into concrete. The results appear promising: Because the mask concrete is not only harder than conventional concrete. The fibers would also help reduce cracking.

Repair bonus: Austria subsidizes electrical repairs

Whether it’s smartphones, washing machines or electric guitars: in Austria, anyone who doesn’t simply throw away defective electronic devices but has them repaired will receive a so-called repair bonus in Austria. EUR 130 million from the EU reconstruction fund will be available for this over the next four years.

The repair bonus is intended to encourage consumers to use electronic devices longer. This in turn is intended to prevent electronic waste and protect the environment by not always buying new products. The program also strengthens the repair shops.

Australia: Tasmania is now carbon negative

The Australian state of Tasmania is now carbon negative. This means that Tasmania has reduced its carbon dioxide to the extent that more CO2 is now being bound there than is being emitted. This works mainly because the Australian state has reduced the felling of native forests and is reforesting.

Tasmanian’s carbon footprint was already low. This is primarily due to the fact that the island state generates most of its electricity from hydroelectric power. In addition, the people of Tasmania are increasingly turning to electric cars as sustainable technologies are being promoted. The federal state should serve as a model for all of Australia.

Construction of the world’s largest wind turbine has begun

The Dogger Bank wind turbine is currently under construction off the British coast. When completed, it will be the largest wind farm in the world. The system could then supply around six million British households with green electricity. The wind farm, which is being built on the Dogger Bank sandbank of the same name, will have a capacity of 3.6 gigawatts.

The turbines used by the US manufacturer General Electric achieve a record output of up to 74 gigawatt hours on the high seas. If the British also shut down coal-fired power plants, the carbon dioxide savings would be 52,000 tons.

Also interesting:

Source: https://www.basicthinking.de/blog/2022/05/15/good-news-beton-aus-einwegmasken-und-reparaturbonus/

Gropyus: What about Markus Fuhrmann’s mega project?

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Gropyus boss Markus Fuhrmann (centre) with his co-founders Philipp Erler and Michael Menz (right)
Patrick Lipke

If you want to go to the Gropyus office in the south of Berlin, you first have to cross a busy street. The startup has rented an old factory in Tempelhof, far away from hip Berlin-Mitte. The prices are different here too: the coffee is available black at the bakery for 1.80 euros instead of the one with oat milk foam for 4.30 euros on the hipster stronghold of Torstrasse.

Founder Markus Fuhrmann welcomes you at the entrance. He’s in Berlin for a few days right now. He actually lives in Switzerland and commutes between Berlin, Austria and Liechtenstein – his startup has a company headquarters in all three countries. Most of the nearly 300 Gropyus employees are now based in Germany.

Prefabricated houses, but in “cool” and sustainable

Fuhrmann has big plans with Gropyus: He wants to digitize living and thus make it more sustainable. The start-up is not supposed to be a construction company, but rather a tech company: “We don’t do projects, we make products,” says Fuhrmann. The products are serially manufactured, smart apartments. It is not without reason that the company is named after the architect and prefabricated house pioneer Walter Gropius. So it should be prefabricated houses in “cool”, Fuhrmann does not want to sell the blocks of flats to end customers, but to real estate companies, for example.

Source: https://www.businessinsider.de/gruenderszene/technologie/gropyus-fertighaeuser-tesla-prinzip-markus-fuhrmann-b/

EU wants to limit the market power of tech companies

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Tech giants such as Google, Facebook and Co. have so far been able to spread almost undisturbed on the Internet. But now the EU is intervening: With the Digital Markets Act, it wants to limit the market power of the large Internet companies.

Google, Facebook and Co. have become an indispensable part of our everyday lives. The gigantic tech companies have spread more and more in recent years.

Google alone was able to increase its worldwide sales from 55 to 256 billion US dollars between 2013 and 2021. A huge plus in less than ten years.

But with growing success and increasing market power, calls for more regulation are also getting louder. The EU Commission, EU Parliament and EU Council have now agreed on regulations to limit the market power of large online platforms.

The Digital Markets Act is intended to tighten the framework for large Internet groups and thus limit their market power.

Who falls under the regulations of the Digital Markets Act?

The Digital Markets Act designates the large platforms on the Internet as so-called gatekeepers. In the future, these will be on a black list, which will enable the EU Commission to initiate investigations and, in case of doubt, to sanction them.

The focus is on “large companies that offer so-called ‘core platform services'”. Of course, this includes the very large Internet and tech companies such as Apple, Google, Amazon and Facebook.

The requirements to be rated as a gatekeeper also include a market capitalization of at least 75 billion euros or annual sales of 7.5 billion euros.

In addition, the EU restricts that the selected companies only include those that offer certain services such as browsers, messengers or social networks. These must have at least 45 million monthly users and 10,000 annual business users in the EU.

What will tech companies do with the Digital Markets Act?

According to the agreement, large messaging services such as iMessage, Whatsapp or Facebook Messenger will have to “open up to smaller messaging platforms” in the future. In the future, users could exchange messages or make video calls across platforms.

In the future, users should also be able to choose their browser, virtual assistants or search engines independently of the operating system’s default settings.

With these new regulations, Europe is setting “the standards for how the digital economy will work in the future,” explains CDU MEP Andreas Schwab.

The agreement heralds a new era in global technology regulation. The Digital Markets Act puts an end to the increasing dominance of big tech companies. From now on, they have to show that they also enable fair competition on the Internet.

Europe is thus ensuring “more competition, more innovation and more choice” for consumers. The law also avoids “any form of over-regulation for small businesses”, which would make the online advertising market fairer, among other things.

However, if the gatekeepers do not comply with these new regulations, the EU Commission can impose fines of up to ten percent of total global sales in the previous financial year.

If there are repeated violations, it can even be up to 20 percent. If the EU Commission discovers systematic violations, it can prohibit the company in question from taking over other companies for a certain period of time.

When will the Digital Markets Act apply?

First of all, the legal text now has to be finalized on a technical level. Then the EU Parliament and EU Council have to approve it.

Once that is done, the text will appear in the EU Official Journal. It will come into force 20 days later and the rules will then become binding a further six months later.

Also interesting:

Source: https://www.basicthinking.de/blog/2022/03/25/digital-markets-act-ist-beschlossen/

Gropyus: What about Markus Fuhrmann’s mega project?

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Gropyus boss Markus Fuhrmann (centre) with his co-founders Philipp Erler and Michael Menz (right)
Patrick Lipke

If you want to go to the Gropyus office in the south of Berlin, you first have to cross a busy street. The startup has rented an old factory in Tempelhof, far away from hip Berlin-Mitte. The prices are different here too: the coffee is available black at the bakery for 1.80 euros instead of the one with oat milk foam for 4.30 euros on the hipster stronghold of Torstrasse.

Founder Markus Fuhrmann welcomes you at the entrance. He’s in Berlin for a few days right now. He actually lives in Switzerland and commutes between Berlin, Austria and Liechtenstein – his startup has a company headquarters in all three countries. Most of the nearly 300 Gropyus employees are now based in Germany.

Prefabricated houses, but in “cool” and sustainable

Fuhrmann has big plans for Gropyus: He wants to digitize living and thus make it more sustainable. The start-up is not supposed to be a construction company, but rather a tech company: “We don’t do projects, we make products,” says Fuhrmann. The products are serially manufactured, smart apartments. It is not without reason that the company is named after the architect and prefabricated house pioneer Walter Gropius. So it should be prefabricated houses in “cool”, Fuhrmann does not want to sell the blocks of flats to end customers, but to real estate companies, for example.

Source: https://www.businessinsider.de/gruenderszene/technologie/gropyus-fertighaeuser-tesla-prinzip-markus-fuhrmann-a/

US group plans its own rental service for iPhones and Co.

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Apple is apparently working on its own subscription model for iPhones and other hardware products. According to reports, Apple fans will be able to rent certain devices for a monthly fee instead of buying them. So you could always get the latest model.

Like the news agency Bloomberg reports that the US company Apple is apparently currently working on its own subscription service for iPhones and other hardware devices. The planned model can therefore be compared, for example, with subscriptions to apps or other services.

iPhone fans should be able to rent certain devices for a monthly fee instead of buying them. This also gives them the opportunity to always get the latest model. The project is still in development, but Bloomberg has already been able to get a first glimpse of it from an insider.

Apple subscription: US company plans its own subscription service for iPhones and Co.

Such a subscription model for iPhones and Co. would be a big step towards a rental service and automatically recurring sales. Although there is already a comparable Apple subscription for iPhones in the USA and many mobile phone providers also advertise partial payment models, Apple’s new plans seem to go far beyond that.

According to Bloomberg, Apple wants to give its customers the opportunity to process the rent via the App Store and the monthly payments via the Apple ID along with the stored credit card data. In addition, the planned rental service should differ from classic installment options.

The monthly fee should therefore not be based on the price of the devices, which would then be paid off after a certain period of twelve or 24 months and become the property of the customer. The fee should rather be model-dependent and only has to be paid until the device is returned.

Apple Rental Service: Monthly fee until return

The planned rental service seems interesting because Apple has been bringing new models of its iPhones, iPads and Co. onto the market every year. The subscription model would be a departure from the previous strategy, because Apple usually only sells its products at full price.

Apple fans would also have more flexible ways to purchase devices and could always get the latest model without having to sell products again. The iPhone group would also hide the sometimes high prices of its products.

Apple stock soaring

According to Bloomberg, the US company has been working on the program for several months, but has since put it on hold in order to initially offer a “buy now, pay later” service. According to an insider, the rental service could start as early as the end of 2022.

However, there could also be delays or even changes to plans if the model proves to be impractical. The message was well received on the stock exchange. According to the Bloomberg report, Apple shares rose by around two percent.

Also interesting:

Source: https://www.basicthinking.de/blog/2022/03/25/apple-abo-iphone-mieten/

Solar car: German-Tunisian start-up develops small solar vans

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The German-Tunisian start-up Bako Motors has developed a solar cell van that could represent an alternative to classic e-cars. The solar car called “Quorax” should be of particular interest for delivery services and has a range of up to 200 kilometers.

Especially when we drive to the petrol pump these days, one fact becomes particularly clear: we cannot rely on conventionally powered engines forever and ever. Because that makes no economic or environmental sense. Therefore, solutions for electromobility are more in demand than ever.

One more reason why more and more small start-ups are springing up that take advantage of this fact. One of these is Bako Motors. The German-Tunisian start-up wants to put small electric vehicles on the roads worldwide. The idea for this came about on a bicycle.

The roads of the future belong to electromobility

Boubaker Siala and his son Ibrahim actually only wanted to convert their own bike to an e-bike during the corona pandemic. However, the process was so easy for the two of them that they immediately developed a solar-powered van.

This was given the name Qorax and is on three wheels. The solar car has a battery and also promises a range of around 200 kilometers with solar power – provided the sun plays along. Because solar panels are installed on the roof of the Qorax, which also charge the battery while driving.

And if the sun doesn’t shine, the solar small transporter can alternatively be charged at the socket. Charging takes time noisy Bako Motors around two hours.

Solar car: Qorax as a cheap alternative to the electric car?

The special thing about the vehicle is the simplicity of the construction. This saves not only material but also time and therefore reduces costs. The first version should only cost 4,400 euros and could be suitable for metropolises worldwide. The solar car is to be manufactured in a first step in Tunisia. From there the Qorax are to be exported to Germany and other countries.

The market launch is planned for the end of 2022, and the response and feedback on the vehicle should lay the foundation for another vehicle. Because 2023 Boubaker Siala is already planning the next model, this time with four wheels. The Qorax (in German “Sun” or “Sun God”) can already be pre-ordered.

Also interesting:

Source: https://www.basicthinking.de/blog/2022/03/26/solarauto-start-up-kleintransporter/

Elon Musk agrees with EU on content rules for Twitter

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The tech billionaire wants to allow Donald Trump back on the platform. Also: Coinbase reports a drop in sales and Apple is discontinuing the iPod.

Musk criticizes Twitter for banning too much fundamentally legal content from the platform.
Stanislav Kogiku/SOPA Images/LightRocket via Getty Images

Good Morning! While you slept, work continued elsewhere in the digital scene.

The top topics:

Elon Musk, which wants to take over Twitter, accepts the EU’s Digital Services Act (DSA). EU Commissioner Thierry Breton had previously explained the new, strict law to the Tesla boss. Musk said he agrees with everything Breton said. “We pretty much agree,” Musk said in a joint video with the EU Commissioner. The tech billionaire sees no contradiction in his plans for more freedom of speech with the strict rules of the EU.

The DSA is intended to ensure that illegal content such as hate speech is removed from the Internet more quickly. In addition, it aims to ensure that harmful disinformation is shared less and fewer counterfeit products are sold on online marketplaces. Meanwhile, in an interview at the Financial Times’ Future of the Car summit, Musk said he would reverse Donald Trump’s Twitter ban: “I think that was a mistake because it alienated a large part of the country .” [Mehr bei Handelsblatt, Wall Street Journal, CNBC und Techcrunch]

On Gründerszene you read today: Gethenry successfully rents e-bikes to delivery services such as Gorillas, Flink and Lieferheld. The startup usually rents out its e-bikes for twelve to 36 months. With new millions in the seed round, it is now developing its own bikes. [Mehr bei Gründerszene]

And here are the other headlines of the night:

The turnover of Coinbase has shrunk by 27 percent in the first quarter compared to the previous year. This is due to the low trading volume amid the collapse in cryptocurrency prices: Trading volume fell by 8 percent from the same period in 2021. While the number of monthly trading users rose 51 percent year-on-year to 9.2 million, that number fell 19 percent from last quarter. Shares of Coinbase closed 13 percent lower ahead of the Q1 earnings report, taking the stock to an all-time low. Shares fell another 15 percent in after-hours trading. [Mehr bei CNBC und The Information]

Apple sets the iPod. The iPod Touch is the only version of the portable music player that is still sold. According to Apple, it will be available while supplies last. The latest version of the iPod Touch was introduced in 2019. Since its introduction in 2001, the iPod has taken on many competing music players. The iPod became less popular since smartphones became mainstream and the iPod experienced a lack of updates. [Mehr bei Reuters, Axios, Wall Street Journal und CNBC]

The $1 billion venture arm of the private investment platform Republic is reportedly in talks to raise $700 million for two new crypto-focused funds. These are a $200 million flagship venture fund and a $500 million crypto fund. The venture fund will set aside 20 percent of its capital for investments in cryptocurrency tokens, while the other 80 percent will go to equity investments in Web3, fintech, and deep tech. Republic Capital has invested in over 100 companies since its inception in 2019. [Mehr bei Techcrunch]

Investments: Chainalysis, which sells crypto fraud tracking services, has closed a $170 million Series F round, according to The Information. The New York company is valued at $8.6 billion. Singapore’s sovereign wealth fund GIC and an existing investor led the round, according to an insider. The new fundraising comes amid a sharp cryptocurrency sell-off. Faire, which has built a marketplace connecting retailers with indie brands, has raised an additional $416 million in an expansion of its Series G funding. With the additional capital, Faire is now valued at $12.59 billion, according to the company. This brings the total of Series G funding to $816 million. [Mehr bei The Information und Techcrunch]

Nintendo expects fewer sales of its Switch games console in the future. For the fiscal year running until the end of March 2023, the video game manufacturer expects 21 million devices to be sold. The company also announced a 10-for-1 stock split, effective October 1. Nintendo stock is up 5 percent year-to-date. [Mehr bei Handelsblatt und Wall Street Journal]

Our reading tip on Gründerszene: Investments in the German startup scene are booming. German VCs distributed around 17 billion euros last year. we tell you Which German VCs most often invest in startups. [Mehr bei Gründerszene]

Don’t want to miss anything? Then subscribe to our Gründerszene newsletter! It appears every morning at 8:30 a.m. and brings you all the important news straight to your inbox.

Happy Wednesday!

Your Gründerszene editors

Source: https://www.businessinsider.de/gruenderszene/business/elon-musk-bei-inhaltsregeln-fuer-twitter-einer-meinung-mit-der-eu/

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