Automotive and Energy, these two important industries are now combining their efforts and producing exciting startups like Zeleros , taking advantage of the The Hyperloop system. Zeleros is said to minimize infrastructure costs by integrating the main technologies in an autonomous high-speed vehicle. Based in the brewing startup hub in the city of Valencia , they have just announced a global partnership with 3 other companies to create an international standard for hyperloop travel systems . And Spain’s state-run railway company Renfe just announced the launch of a startup incubator and accelerator which will be part of a modernization process in the transport sector and specifically the railroad. Read more: https://www.expandtospain.com/feed/the-need-for-speed-sets-the-tone-for-the-spanish-business-climate

Here are some facts from a recent article about the Online Commerce in general: Spain is the fourth largest B2C eCommerce market in the EU with a growth of 8% to a €28 billion in online sales for 2017 . Top product categories in 2017 were Travel and Hotel, Direct marketing, Ticket services, Electronics, Clothing and Food. For 2018 approximately 23 million eCommerce users are estimated to be joined by an additional 5.6 million digital shoppers by 2021. Android smartphones totally dominate the Spanish market with the Google platform having about 90% of the market. Spain is considered to have one of the largest smartphone penetration rates in Europe with 65%, projected to grow to 73% by 2021. Spain is the market where mobile devices have the the highest shares of internet use during 2018, with 81%, followed by Italy (78%), China and the US (each at 77%) and India (73%). Read the full article here: https://www.expandtospain.com/feed/online-sales-booming-in-spain-with-23-million-digital-shoppers-growing-fast

In a recent article we outline 3 strong signs of economic health: 1. Well-balanced and growing overall economy Strictly GDP speaking, the growth forecast for Spain is +2,7% for this year, above average GDP growth 2018 for the Euro area (+2,4%), while still taking into account the ongoing political crisis in Catalonia. 2. Tough times fostered resilient entrepreneurship According to a recent report from the Mobile World Capital , there were 3.258 startups in Spain last year, a growth of 20% from 2016. 3. Maturing startup scene got a 45% increase in investment Investment in Spanish tech-companies grew by 45% year on year and topped 779,3 million euros in 2017, bringing them very much in line with the major tech hubs in Europe. The degree of specialization and the startups’ maturity mean that the average investment has doubled and each time we are seeing more important investment rounds in Spain. Read more: https://www.expandtospain.com/feed/is-it-safe-to-take-your-startup-to-spain-3-signs-of-a-receptive-market-following-the-recession