150 travel startups¬†ūüĎŹ

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I’m very proud to open this edition saying that we closed the application call for our first¬†FutureTravel Pitch Competition¬†with roughly 150 pre-seed & seed travel startup applications received. This is amazing! Personally I’m very thankful for everyone who submitted their application and looking forward for hosting the¬†FutureTravel Summit.At this point we are still going through the applications, so if you applied and haven’t heard from us yet: don’t worry, we are on it. In next week’s edition of this newsletter we will announce the finalists who will pitch during the¬†FutureTravel Summit¬†– stay tuned! On November 24th, the selected teams will get valuable feedback from our handpicked jury members: Christoph Schuh (Lakestar), Meryem Aydin (Amadeus Ventures), and Andrey Kostyuk (Aalchemy Ventures). Are you still wondering what these startups are after? Well, the winning startup team of the¬†FutureTravel Pitch Competition¬†will receive a prize package with a value of $40,000. We will definitely keep you posted!

And now, let’s head to this week’s overview of the top travel innovations, trends and startups.

  • Cloudbeds has raised $150 million. Serving clients across 157 countries, the hospitality tech provider says it will mostly use the capital to create new features and functions for their products, apart from growing its team and to accelerate customer acquisition. This round brings¬† Cloudbeds¬†total funding to $253 million.
  • Still on the topic of flying taxis, the UK-based flying taxi startup¬†Vertical Aerospace recently announced $205 million¬†raised in funding. They are the startup¬†pioneering zero-emissions aviation. Yes, you read it right: zero-emissions aviation.
  • Founded in 2019, the Seoul-based¬†autonomous driving startup 42dot raised $88.5M to accelerate its growth. If you never heard about 42dot before, start here: although¬†42dot¬†CEO and co-founder, Chang-Hyeon Song, is also head of TaaS (Transportation as a Service)¬†at Hyundai Motors, the startup raised $42 million pre-series A in 2019, counting on South Korea‚Äôs several big conglomerates, including Hyundai Motor, Kia Motors and LG Electronics, among¬†others.¬†
  • Chalo¬†is the startup leading the digitalization of buses in India and¬†they have now acquired Shuttl, which operates thousands of buses aimed at working professionals. Interesting moment for the $20 billion bus-market in India.¬†