Europe

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Bending Spoons, the Milan firm behind Evernote and Vimeo, files for a US IPO

Bending Spoons does not build many apps. It buys them, fixes the finances, and runs them. Now it wants Wall Street to buy a piece of the machine. The Milan-based group behind Evernote, WeTransfer, and Vimeo has filed for a US initial public offering, submitting a Form F-1 to the Securities and Exchange Commission. It […]

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Berlin’s GALVANY raises €10M to fix Germany’s broken heat-pump market, and it’s already profitable

Germany has no shortage of heat pumps on paper. What it lacks is a way to get them sold, installed, subsidised, and paid off without the whole thing falling apart somewhere in the middle. GALVANY, a Berlin startup that runs the entire heat-pump journey from sale to installation to ongoing energy management, has raised €10mn […]

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Audi’s 1,001 PS Nuvolari is its fastest car ever, and it’s not electric

Audi has revealed the Nuvolari, the fastest and most powerful production vehicle in its history. The hybrid supercar produces 1,001 PS (736 kW) from a 4.0-litre V8 biturbo paired with three axial flux electric motors. Only 499 will be built, starting at €600,000. The V8 alone delivers 800 PS and revs to 10,000 rpm, territory […]

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Swiss startup GR3N raises €15.5M to build the world’s first microwave-powered PET recycling plant

Swiss cleantech startup GR3N has raised €15.5 million in a Series B round to build the world’s first commercial-scale microwave-assisted PET recycling plant. The round was led by 360 Capital, with new investor VP Textile also participating. The proceeds will fund MODUS, a 40,000-ton-per-year facility in Spain. PET is one of the most widely used […]

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Revolut’s co-founder and first employee steps down as CTO ahead of the company’s march toward a $200 billion IPO

Vlad Yatsenko was Revolut’s first employee. He joined before CEO Nik Storonsky had even launched the company. Storonsky later gave him the title of co-founder, not because he had co-founded the business in the conventional sense, but because, as Storonsky told David Rubenstein earlier this year, “it was easier for him to recruit engineers if he had […]

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EU lawmakers voted to shield colleagues from Belgium’s Huawei corruption probe

More than a year after Belgian prosecutors asked the European Parliament to lift the immunity of four lawmakers suspected of taking bribes from Huawei lobbyists, the Parliament has voted to keep those protections in place, Politico reported. The decision shields the accused MEPs from questioning by Belgian investigators, who cannot compel testimony or gather key evidence […]

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Europe wants to make sure no one has a kill switch over its technology

When the Trump administration sanctioned the International Criminal Court’s top prosecutor earlier this year, Microsoft cancelled his email account. The incident was brief and bureaucratic. It was also, for European policymakers, clarifying. If a single American company could cut off a senior international official’s communications at the stroke of a pen, what else could be […]

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Amazon’s new Proteus robot takes plain-language orders, headed to Europe in 2027

The pitch for Amazon’s new warehouse robot is that you talk to it. At its “Delivering the Future” event at the Dartford fulfilment centre east of London on 4 June, Amazon unveiled a next-generation Proteus that takes instructions in plain language, no technical commands and no programming interface, alongside a plan to invest more than […]

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Merantix Capital closes a €103m fund to back early-stage European AI

Merantix Capital has closed a €103m fund to invest in early-stage, AI-native teams across Europe, the Berlin firm announced on 4 June. The fund is more than three times the size of its first vehicle, which co-founders Rasmus Rothe and Adrian Locher raised at roughly €30m, and it widens the firm’s remit from companies built […]

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The EU is asking households to cut electricity use during peak hours because AI data centres are straining the grid

The European Commission has called on households across the bloc to reduce electricity consumption during peak hours, citing the rapid growth of AI data centres, accelerating electrification, and rising overall digital infrastructure demand as factors straining European power grids. The Commission simultaneously published a Data Centre Energy Efficiency Package on 3 June that introduces a […]

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