The breadth of Valeo’s news announcements during CES 2022 effectively showcased just how much the show has turned into an automotive tech event. From autonomous driving technologies to powertrain electrification to adapting to a world with too much COVID in it, Valeo had something to offer vehicle makers through its sensors and software.
While the world has changed a lot over the last couple years, the annual Consumer Electronics Show (CES) remains a reliable, must tune-in event for tech analysts and enthusiasts worldwide. After so many industry events forced to go virtual during the pandemic (including CES 2021), I was thrilled to be able to attend CES 2022 live and in-person. Especially in the realm of consumer electronics, virtual demonstrations simply cannot replicate the experience of being there in the room, seeing the latest gadgets up close and personal.
Back Market has joined France’s growing 2022 list of unicorns with mega funding this January, after reaching over €5 billion in valuation following a €449 million funding boost. This comes after a mega-funding round in May 2021 and reflects sustained belief in the young startup’s offering and French tech as a whole.
Refurbished electronics marketplace, Back Market, has announced a Series E funding round of €450 million led by new investor Sprints Capital and also involving existing backers.
It will use the cash to expand its operations in Europe and beyond.
Back Market Co-founder and CEO, Thibaud Hug de Larauze, says: “Our goal is to make refurbished electronics the first choice for tech purchases.”
Back Market, an online marketplace that sells refurbished iPhones and other electronic devices, has raised funding that boosts its valuation to $5.7 billion, leapfrogging what it was worth less than a year ago, according to the company and its investors.
Founded in 2014, Back Market fixes and resells electronic goods, including Apple and Samsung smartphones and tablets, MacBook, Dell and Microsoft laptops, Krups coffee makers and Dyson hair dryers.
Back Market, a startup that sells refurbished tech like iPhones and games consoles, has raised $510 million in new funding.
PARIS, Jan 11 (Reuters) - Back Market, the French marketplace dedicated to refurbished smartphones and electronic devices, said on Tuesday it had closed an investment round of $510 million, bringing its total valuation to $5.7 billion.
"The (...) funding cements Back Market's position as a leading refurbished electronics marketplace, with more than six million customers worldwide," the company said in a statement.
Back Market, an online marketplace that sells refurbished iPhones and other electronic devices, has raised funding that boosts its valuation to $5.7 billion, leapfrogging what it was worth less than a year ago, according to the company and its investors.
Founded in 2014, Back Market fixes and resells electronic goods, including Apple and Samsung smartphones and tablets, MacBook, Dell and Microsoft laptops, Krups coffee makers and Dyson hair dryers.
Ignore the fact that under the green paint lies a fairly stock-looking Vmoto Super Soco TC Max; the interesting part of Valeo’s newly revealed electric bike prototype is the mass-manufactured powertrain that the firm plans to offer as an off-the-shelf solution to motorcycle companies looking for a shortcut into the electric market.
Valeo is a French automotive supplier with a global reach and massive production abilities spread across an astounding 187 production sites in 33 countries, backed up by 63 R&D facilities and 110,300 employees. Until now, the company has had little involvement with motorcycles, but its expertise in electric vehicles means it’s well positioned to develop a powertrain for bikes.
Lenovo has selected artificial intelligence capabilities for voice processing from Synaptics to power its Yoga Tab 11, providing users of the tablet with a robust voice assistant experience, according to the announcement, and setting up future implementation of voice biometrics and other features.
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