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Travis Kalanick Launches Atoms Startup Focused On Mining And Transport

From Uber To A New Vision

Travis Kalanick, the former CEO and founder of Uber, has launched a new startup called Atoms. The company expands on technology initiatives previously developed within Kalanick’s firm City Storage Systems. City Storage Systems built CloudKitchens, a delivery-focused restaurant infrastructure business that previously reached a valuation of about $15 billion.

Stealth Mode To Breakthrough

Atoms has operated largely in stealth for several years while developing its technology platform. During a recent episode of the TBPN podcast, Kalanick said the company has expanded its focus beyond food delivery infrastructure. The business now includes several divisions, including Atoms Food, Atoms Mining and Atoms Transport, which focus on automation and industrial systems.

Innovation In Robotics And Self-Driving Technologies

Highlighting its innovative approach, Atoms is pioneering the development of gainfully employed robots – specialized machines designed to boost productivity and deliver societal value. Industry sources, including a report by The Information, have noted that Kalanick is preparing to roll out a robotics and self-driving car platform, backed by key investors from his past ventures with Uber. This strategic move seeks to capitalize on the convergence of automation and transportation technologies.

Resiliency And Reinvention

Kalanick discussed the development of the company in a statement published on the Atoms website. In the message, he described the period following his departure from Uber and his efforts to build new technology ventures. The transition from City Storage Systems’ food infrastructure business to Atoms reflects a broader focus on automation and robotics.

The Future Of Atoms

Atoms plans to apply robotics and automation technologies across several industries, including food services, mining and transportation. The company’s strategy outlines the integration of robotics systems into existing industrial operations as it develops new automation platforms.

Greek Retail Powerhouse Expands Into Six Strategic International Markets

Greek retail titan Jumbo has announced an ambitious expansion strategy that positions the company to extend its international footprint beyond its established strongholds in Cyprus and Southeast Europe. In a strategic agreement with the Balfin Group, the retailer is set to penetrate six new markets, including Ukraine, Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan.

Strategic Global Expansion

The agreement builds on the existing cooperation between Jumbo and Balfin Group, which previously supported the retailer’s expansion into markets including Albania, Kosovo, Bosnia and Herzegovina, Montenegro and Moldova. According to the company, the next phase of expansion will include a greater degree of local operational management across the new markets.

Enhanced Logistics And Supply Chain Capabilities

To support the expanded international network, Balfin Group is also developing a new central logistics hub in China. The facility is expected to strengthen sourcing, warehousing, transportation and distribution operations across the Caucasus region, Central Asia and Ukraine. Previously, Jumbo relied primarily on logistics infrastructure based in Greece to support franchise operations across Southeast Europe.

Sustainable Growth And Robust Financial Foundation

Alongside its franchise expansion strategy, Jumbo continues focusing on organic growth across existing markets. The retailer currently operates 89 physical stores, including 53 in Greece, six in Cyprus, 10 in Bulgaria and 20 in Romania, in addition to its e-commerce operations. A new store in Baia Mare is expected to open by the end of October.

Jumbo also operates 46 franchise stores across seven countries, including Albania, Kosovo, Serbia, North Macedonia, Bosnia and Herzegovina, Montenegro and Israel. According to the company, its expansion strategy continues to be supported by strong liquidity levels and the absence of bank borrowing.

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