Overwatch AI, a platform that helps pilots, cabin crew and operations managers working on the front lines of aviation find critical information quickly and make fast and efficient operational decisions, has closed a pre-seed round of 1.3 million euros with participation from United Airlines Ventures.
Grampet Group presented the LEON train, the first domestically-built diesel train in Romania in 80 years, during a ceremonial journey from Bucharest to Brașov carrying international astronauts. The three-car LEON features 145-155 seats, dual 390 kW MTU engines, speeds up to 120 km/h, and modern amenities. Grampet plans to expand passenger operations with the LEON model and 80 ICE4 units purchased from Denmark. The event highlighted Romania’s aerospace and technological potential with visits to the Air Force Academy where an auditorium was named after Prunariu.
Metro Mondego, the electric metrobus system serving Coimbra, Lousã, and Miranda do Corvo, reached one million validations since transitioning to a paid system. Demand exceeded expectations by 20%, with April validations up 57.4% from January. The Portuguese Government announced plans to expand the system to serve additional municipalities including Cantanhede and Condeixa-a-Nova, with integration planned around the upcoming high-speed rail station.
Ford Motor Company is in early-stage negotiations with multiple governments in North America and Europe to supply commercial vehicles and software technologies for defense and military needs. CEO Jim Farley confirmed ongoing discussions with the US government regarding defense-related requirements. The article also notes that European automakers Mercedes-Benz and Volkswagen are similarly exploring defense sector production opportunities.
Ryanair announced record net profits of €2.26 billion for fiscal year 2026 (ending March 31), a 40% increase driven by reduced expenses and higher revenues from passenger growth and fares. The airline projects stable ticket prices during peak summer months and increasing confidence in jet fuel supply despite Middle East tensions. The company’s conservative fuel hedging strategy (80% of FY2027 fuel hedged at $67/barrel) protects margins as spot prices exceed $150/barrel. CEO Michael O’Leary’s contract extension negotiations through 2032 are nearing completion.
The 6th edition of IoMobility awards ceremony recognized 15+ European startups and companies innovating in mobility sector. Major winners include: Powandgo (electric vehicle charging sharing network from Brescia), ParkSmart (smart parking from Catania), Btinkeeng (public transport solutions from Trentino), Flowy (public transport ticketing from Florence), Latitudo 40 (geospatial intelligence from Naples), Ses4mo (vulnerable road users protection from Turin), among others. Awards covered categories including energy for mobility, innovative parking, public transport, MaaS, AI/data analytics, autonomous vehicles, smart roads, sustainability, and fleet management.
Grupo Brisa, Portugal’s highway concessions operator, reported 2025 revenues of 1,231.6 million euros, a 13% increase from 2024. The group completed a merger with Rubicone BidCo effective January 1, 2025, strengthening its financial capacity. Net income was 173.4 million euros (down 44% from 2024 due to accounting effects of the merger). EBITDA increased 5.3% to 860.9 million euros. The group invested 109 million euros in infrastructure maintenance and improvements, a 25.9% increase from the previous year.
OxidOS Automotive, a Cluj-based Romanian startup that develops software development tools and operating systems for the automotive sector, raised 1 million euros from Hyundai’s 42dot unit. The company creates platforms that enable automotive manufacturers and integrators to implement software safely and securely faster by reducing development, debugging, and certification time. This investment follows a 1.2 million euro seed round led by Early Game Ventures in 2022.
Bolt announced that Romanian users are increasingly using its ride-sharing platform for long-distance intercity trips of over 400 km. The company clarified the legal framework allowing alternative transport operators to conduct both permanent services within their home locality and occasional services to other locations. Notable long-distance rides include a 469 km journey from Timișoara to Miercurea Ciuc.
Danish peer-to-peer car-sharing platform GoMore has acquired Getaround Europe, creating Europe’s largest P2P car-sharing platform with operations in 11 countries across Northern and Western Europe. The combined company has 5 million users, 70,000 active shared cars, and 1.5 million annual rentals. The acquisition is backed by prominent Danish investors and financing from EIFO and Nordea.