Rad Power Bikes files for bankruptcy, seeks a buyer
The once high-flying e-bike company Rad Power Bikes has filed for Chapter 11 bankruptcy protection. It plans to continue operating while seeking a buyer for the business in the next two months.
Category: Startups
Morgan Stanley bumps Apple target to $315, but sees AI headwinds
Analysts at Morgan Stanley have increased their Apple stock price target from $305 to $315, maintaining an “Overweight” rating. They see upgrade potential from Apple Intelligence but warn that soaring memory costs present a significant challenge.
Meesho’s IPO Soars 95%, Minting a New Billionaire
Meesho’s IPO has been a blockbuster, with shares rocketing 95% since listing. The rally has catapulted co-founder Vidit Aatrey into the billionaire club and highlights a record year for Indian public markets.
A German drone unicorn just scooped up an autonomous trucking startup
In a move highlighting the defense tech consolidation trend, German drone maker Quantum Systems has fully acquired autonomous trucking startup Fernride. The deal comes after Fernride raised an €18 million extension this year to build out its defense logistics use case.
Ex-SpaceX engineers raise $24M for portable water machines
A startup founded by ex-SpaceX engineers just got a major cash infusion to tackle global water scarcity. Vital Lyfe plans to use the $24 million to scale production of its autonomous water systems, aiming for a commercial launch in 2026.
A New €60M Fund Wants to Bridge the Gap for Nordic Deeptech
The Technical University of Denmark’s new spinout fund, PSV Hafnium, has raised €60 million. Its mission is to commercialize hard science from Nordic labs, focusing on areas like quantum computing and clean energy, not just AI software.
TikTok Live Shopping Surges 84% on Black Friday
Livestream shopping on TikTok saw a massive 84% year-over-year sales jump during the Black Friday and Cyber Monday period. Small businesses are now hiring full-time hosts and consulting with Chinese agencies to compete.
A New Player Wants to Be Your Satellite’s Cell Tower in Space
A new space startup is trying to build a cellular network for satellites. Apolink has chosen GomSpace to build the radio system for its first demonstration cubesat, aiming to launch in 2026 and eventually build a 32-satellite constellation.
Norway’s StartupLab Raises $32 Million Fund, But Politics Loom
StartupLab has closed its fifth fund at €32 million to back 20-25 pre-seed Norwegian tech startups each year. While the accelerator is seeing strong deal flow, political headwinds from a divisive exit tax are causing an exodus of notable companies.
Mollie Buys GoCardless to Build a One-Stop Payments Giant
Mollie is acquiring bank payment specialist GoCardless in a deal announced December 11. The combined company aims to offer a consolidated payment stack for businesses, with the transaction expected to finalize in mid-2026.