🇪🇺 Welcome to Anti-Musk Land?
Do you know what is sold at $250 a bottle? Tesla Tequila (TechCrunch).
How is this related to Europe being the birthplace of businesses competing against Elon Musk's companies? It's not, but he personally stated that all things considered "Germany rocks" (The Local).
If you still care to know more about the startups that might compete with Musk's consolidated business, wait no more, coz the intro is over.
Based in Croatia Rimac develops electric hypercars and has already got the attention of major car manufacturers (TechCrunch). Meanwhile Swiss luxury brand Piëch was founded by well-connected industry leaders backed by Peter Thiel (Business Insider). New players are coming from the Nordics too, where Einride and Volta Trucks are developing alternative to the Tesla Semi (Forbes).
Threats are not over, since EU is also majoring in battery production with Northvolt having raised well beyond $3B (Crunchbase) and Skeleton Technologies partnering with top universities in the development of the SuperBattery (sifted).
Spacetech is steadily growing in all its streams: launchers, data, downlink tech, analysis and new products (Seraphim Capital). Yes, no single company beats SpaceX and its combination of tech, marketing and money, but investment in Europe grows faster and scale-ups are sharpening their knives.
French Exotrail specialised in on-orbit propellers (Exotrail), Munich-based Isar Aerospace's small rockest will be used by ESA (Space Daily), while Finnish Iceye handles the analysis of satellite imagery (sifted) and Italian D-Orbit streamlines in-space and on-ground operations (D-Orbit).
Small electronic implants have been around since the 90s, but they have never been truly commercialised. That's why Neuralink presentation of Gertrude has been welcome with such awe (BBC).
Truth be told, there is a company who joined YC in 2017 capable of more advanced analysis, it goes by the name of BIOS and is based in Cambridge, UK (TechCrunch).
There is room for software companies too. Munich-based CereGate recently raised its Series A (Nordic 9) to fuel the development of its software for Parkison devices.
Europe entrepreneurship scene is well known for its scientific prowess and inclination towards deep tech. But the lack of local businesses with astonishing commercial success made the continent internationally infamous.
Now Europe is served the best hand, will it have the poker face for winning the pot?