June 12, 2020
DAILY BRIEF: Quantum computing, Netflix of cars, game star in China, fintech, solar heating and music
Quantum computing promises to radically change society, from game-changing invention in medicine, new economic models and sustainable processes.
All the daily Finnish business news that works: Beely, Supercell, Eficode, Savsolar, IQM and Finnish music companies make headlines.
Beely offers a new pay-monthly car rental service in Finland, Supercell’s Brawl Stars tops the chart in China, Eficode wins a development operations deal in Denmark, Savosolar supplies solar heating plants in France, IQM receives a 20 million-euro backing for quantum computer hardware, and GNF dips into Finnish music innovation.
Beely, a Finnish used car rental platform that has enjoyed rapid growth since its launch in mid-2019, has raised 2.8 million euros from investors that include Sanoma Media Finland, insurance company Turva and Avanto Capital. Beely’s business model builds on partnerships with car retailers across Finland. The cars are rented for a minimum of 12 months at highly competitive monthly rates that include maintenance and repairs.
Finnish mobile game studio Supercell’s Brawl Stars has risen to the top of the AppStore’s free games chart in China only days after its launch by majority owner Tencent and Yozoo Games. Brawl Stars is a three-versus-three battle royale type of casual shooter game. Supercell’s fifth title was released internationally in December 2018 and racked up over 141 million unique installs by the end of 2019. It had to wait for a regulatory approval in China until March 2020, as the country has lowered the number of games it approves each year.
Finnish company Eficode will deliver its ROOT DevOps Platform to Danish financial technology (fintech) company Bankdata for increased security, compliance and cost-savings in software development and operations. Bankdata is one of Denmark’s largest fintech companies, delivering solutions to nine Danish financial institutions, and adds to Eficode’s growing list of clients across multiple sectors. Eficode is the leading development operations company in Europe.
Finnish company Savosolar has been revealed as the preferred bidder to deliver two new solar heating systems to NewHeat in France. The delivery negotiations are expected to be completed in the next few weeks and deliveries to commence in 2020. NewHeat will own the solar systems and sell heat to district heating companies in French cities Narbonne and Pons. The Narbonne plant will be around 3 000 square metres in size and 850 000 euros in value, and the Pons solar field around 1 700 square metres in size and 700 00 euros in value.
Finnish quantum computer hardware company IQM has received a 2.5 million-euro grant and an equity investment of up to 15 million euros from the European Innovation Council (EIC) Accelerator programme for the development of quantum computers. Together with Business Finland grants of 3.3 million euros, IQM has raised more than 20 million euros in less than a year and 32 million euros since its foundation. The company has already set up a functional research lab in record time and hired the largest industrial quantum hardware team in Europe. IQM’s expansion strategy includes new key hires every week and co-building quantum computers in Germany.
Check out our weekly Five from Finland series by clicking the headline. This week we look at Finnish music innovators.
Good News from Finland is published by Finnfacts, which is part of Business Finland.
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