Europe’s carmakers are pivoting to defence as EV demand slows and military budgets soar
Four European automakers announced military vehicle partnerships in the past week. Ineos is bidding for a UK Ministry of Defence contract. Daimler Truck launched a dedicated defence brand. Renault partnered with Thales for armoured vehicles. Mercedes-Benz teamed up with a German startup to build anti-drone platforms. The European car industry is retooling for rearmament. Ineos […]<br /> This story continues at The Next Web [...]
Rating
Innovation
Pricing
Technology
Usability
We have discovered similar tools to what you are looking for. Check out our suggestions for similar AI tools.
Surging European defence stocks signal ‘huge potential’ for military tech startups
Shares in European aerospace and defence companies soared to record highs this week, elevating expectations for the continent’s military tech startups. Britain’s BAE Systems leapt by 9% on Monday, [...]
Europe boosts military AI as Mistral and Helsing form defence tech alliance
European tech leaders Helsing and Mistral have formed a pact to build new military AI systems. The partnership brings together two of Europe’s top startups. Helsing, a defence tech firm based in Ger [...]
Air defence startup Egide raises €8M seed to take on Europe’s sky protection gap
A new entrant into the crowded but urgent European air defence startup space has closed its first significant round, as capital chases the continent’s most pressing military capability shortfall. Th [...]
Startups need ‘clear pathway’ into UK’s new defence plan, experts warn
Britain’s new military tech strategy will fail unless startups are given clear pathways to adoption, experts have warned. Their concerns follow the government’s announcement that defence spending [...]
Funding focus: Germany snaps up 90% of Europe’s record defence tech funding
Funding focus is a new series analysing cash flow into the European tech ecosystem. Last week, we looked at the largest investment rounds in fusion energy this year, and now we’re honing in on Euro [...]
The US wants NATO allies to spend their new defence budgets ripping out Huawei
The US has found a new use for Europe’s swelling defence budgets: tearing out Huawei. Whether its allies are listening is another matter. The State Department’s China coordinator, Joshua Young, to [...]