Dear readers,
This week, we look at how autonomous cars could arrive in the Balkans sooner than expected. Bulgarian entrepreneur Oggy Popov of Volt Premium Taxi envisions a future where self-driving vehicles complement human drivers, with Sofia quietly emerging as one of Europe’s most receptive cities for robotaxis. The Rimac-backed robotaxi brand Verne, is also planning to provide autonomous cars on the roads of Zagreb, initially targeting launch this year in spring.
We also explore the latest developments in the regional tech scene: investment platforms are expanding, defense firms are stepping into unmanned systems and raising capital, and innovation hubs like Croatia’s Smart Factory are taking shape.
In N. Macedonia, one of the largest IT companies that recently went through a major merger seems to be navigating internal turbulence, leaving employees uncertain about what comes next...
Finally, startups are balancing speed, depth, and innovation, with founders like Alex Nicoara leveraging AI to tackle serious challenges and reshape industries across the region.
Enjoy the read!
Bojan Stojkovski
Editor-in-Chief, IT Logs
Autonomous cars may arrive sooner than you think

Mercedes-Benz and NVidia test vehicles in Sofia - Source: Oggy Popov
For many people across the Balkans, the idea of self-driving cars still feels distant and something out of a sci-fi movie. Moreover, it’s also seen as something that belongs in San Francisco, Shenzhen, or maybe Berlin, and surely not in Skopje, Belgrade or Sofia. Yet according to Bulgarian entrepreneur Oggy Popov, that reality may drastically change soon.
Popov is the founder of Volt Premium Taxi, a Sofia-based service that has spent the past two years trying to redefine what a taxi company can be. Instead of competing purely on price, Volt focuses on quality: from the vehicles themselves to the drivers behind the wheel.

Oggy Popov
Today, the company operates around 100 vehicles across the Bulgarian capital, most of them premium models from BMW and Mercedes-Benz. But for Popov, the vehicles themselves are not the most important element.
“The real difference lies in the drivers. The main thing which differentiates us is the driver, he explains. We are pre-selecting them, we are training them, and if necessary we remove them. We take care of them when it’s meaningful. That’s the essential part of the quality of the service” Popov explains.
The approach appears to be working, and Volt has quickly become one of the highest-rated taxi services in Bulgaria, gaining a loyal customer base in Sofia. Yet while Volt is focused on human drivers today, Popov is already thinking about a future where the driver may not always be necessary - and in his view, that future may arrive faster than many people expect.
Sofia among the most supportive cities for robotaxis
Across Europe, public opinion on autonomous vehicles remains divided. In contrast, results for robotaxis were mixed, with slightly more support - 37 percent - expressed overall than opposition at 35 percent. A large group, around 28 percent, described themselves as undecided.
But the geographic distribution of support is particularly interesting. Support for autonomous vehicles was highest in Sofia and Paris among the cities surveyed, while Madrid recorded the lowest levels of support.
That means Bulgaria’s capital, perhaps unexpectedly, could be among the European cities most open to the technology. Even so, Popov says scepticism remains widespread when the topic comes up in everyday conversations.
“The general public is rather sceptical of everything they don’t believe. Most people say: this is Bulgaria, this is impossible,” he says. But Popov also believes history tends to prove those assumptions wrong. “History has proved time and time again that people who oppose change are confronted by reality,” he adds.
Technology is no longer the biggest obstacle
One of the most common arguments against autonomous vehicles in the Balkans is infrastructure. Critics often claim that inconsistent road markings, chaotic traffic, or missing signs would confuse autonomous driving systems.
Popov calls this the biggest myth surrounding self-driving technology in Bulgaria. “The biggest myth people talk about is the roads. People say the software will never work here because some streets are missing signs,” Popov explains.
But modern autonomous systems rely on much more than road markings. High-resolution mapping, AI-powered perception systems, and sensor fusion allow vehicles to interpret complex environments, even more chaotic ones.
To illustrate the point, Popov points to one example. “They mapped Hanoi in Vietnam in three weeks and it worked. And Sofia is far better than Hanoi in terms of infrastructure,” he notes.
Early signs that the technology is approaching real-world deployment are already appearing. Vehicles equipped with advanced automated driving systems from companies like NVidia and Mercedes-Benz have recently been spotted testing in Sofia. These vehicles rely on AI-defined architectures powered by NVIDIA DRIVE AGX platforms capable of enabling advanced automated driving functions while paving the way toward Level 4 autonomy.
For Popov, these developments confirm that the technological phase of the transformation is largely complete. “The technology is already extremely advanced. Now the question is not technology anymore. The question is economics,” he says.
The economics of autonomy
Today, autonomous vehicles remain expensive. A fully autonomous taxi can cost between $200,000 and $300,000 once sensors, computing hardware, and software systems are included. Operators must also build supporting infrastructure - charging stations, maintenance hubs, cleaning facilities, and monitoring centers.

Volt’s taxi service uses premium vehicles and mobile app to differentiate
“The mathematics behind it is not yet obvious,” Popov says, adding that falling hardware costs and improvements in AI will rapidly change the equation.
Within the next three to five years, he expects autonomous vehicles to become dramatically cheaper. “I think the cost will drop to somewhere around $70,000 to $80,000. Once that happens, the economics could shift almost overnight, and once the economics work, it will just explode,” Popov predicts.
Despite his enthusiasm for autonomous vehicles, Popov does not believe they will replace human drivers immediately. Instead, he expects a hybrid system to emerge. “Autonomous vehicles will initially supplement human drivers rather than replace them entirely. They will mostly be used in peak times when there are not enough drivers,” he says.
Human drivers will still handle rides where personal interaction matters - such as airport meet-and-greet services, VIP transport, and other specialized requests. “Airport meet and greet and special cases will remain human for quite some time,” Popov says.
In fact, he believes human drivers will remain an important part of taxi fleets for at least the next five to ten years. In the years to come, autonomous taxis are only part of a much larger transformation, he believes.
Autonomous trucks could be one of the biggest disruptions in transportation, particularly as logistics companies struggle to recruit drivers. “Finding truck drivers is probably an even bigger issue. Public transport could also adopt autonomous technology relatively quickly. Routes such as airport shuttles - where vehicles follow predictable paths - are ideal for automation. An autonomous bus going from Sofia airport to the city center is obvious,” Popov emphasizes.
The race to deploy autonomous fleets
Nowadays, the global mobility industry is already preparing for the transition. Companies like Uber and Bolt are exploring ways to expand their presence in Bulgaria, potentially partnering with local taxi companies due to regulatory restrictions on their usual ride-sharing models.
Those developments could significantly reshape the local taxi market, but Popov believes local operators will remain crucial. For autonomous vehicles, though, the timeline is shrinking fast.
Within three to five years, he expects the first local tests of autonomous taxis to begin in Sofia, with mapping projects and pilot programs already within reach. “We will for sure have done the first tests locally by then,” he says.
For a region often seen as trailing Western Europe in adopting new technologies, the idea may sound surprising. However, if Popov’s predictions prove correct, the autonomous mobility revolution in Europe might begin somewhere unexpected: on the streets of Sofia.
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Across the region…
Croatian defense tech Orqa FPV has raised €12.7 million to scale global production and expand its capacity in the US and Europe. The round was led by Expedition, with participation from AYMO Ventures, Lightspeed Venture Partners, Taiwania Capital, and Radius Capital Ventures. The funding will support technology development, R&D, hiring, branding, and potential acquisitions as the company expands globally.

Orqa FPV’s goggles
Greek investment app Wealthyhood closed a €6 million funding round led by the Bank of Cyprus. The collaboration combines Wealthyhood’s digital investment platform with the bank’s broad market reach, aiming to modernize how Europeans save, invest, and access financial tools.
Romanian angel group Bravva Angels has joined a group of investors supporting Fagura, a peer-to-peer lending platform operating across the EU and Moldova. The investment, completed via SeedBlink, adds to a larger €1.5 million convertible round. Fagura allows individuals to fund loans for small businesses and freelancers, extending the traditional “3Fs” model (Friends, Family, and Fagura) to a broader community of investors.
German defense firm Rheinmetall AG has taken a 51% stake in Zagreb-based DOK-ING, a specialist in uncrewed ground systems for mine clearance and military engineering. The deal is pending regulatory approval, and financial terms have not been disclosed.
The Faculty of Organization and Informatics (FOI) in Varaždin is set to launch the Croatian Smart Factory, inspired by Switzerland’s Swiss Smart Factory. Backed by €6 million from FOI’s Smart Industry Pre-incubation Center, the project aims to boost industrial innovation. FOI officials met Swiss Smart Factory director Dominic Gorecky and research lead Michael Wendling to finalize the partnership.
Rumor has it…
Rumor has it that one of N. Macedonia’s largest IT companies, which recently went through a major merger, is experiencing internal turbulence and may be weighing significant changes as market pressures grow. Inside sources for IT Logs say employees are feeling uncertain, and some fear that the next move could reshape the company entirely.
Rumors about “trouble in paradise” at Pythagora.ai, the Croatian Y Combinator W24 startup that raised $4M, turned out to be partially true. The startup is not exactly dying, but it is clearly changing course. The old product is being sunset in favor of Pazi.ai, a new AI agent automation bet that, for now, still lacks even a functioning website.
Something else is brewing? Ping us at [email protected]
The Founder take…

Alex Nicoara, co-founder and CEO of Solmag
IT Logs: What helps startups win faster: moving quickly or building something truly deep?
Alex Nicoara: From a founder’s perspective, I would choose both. Raising capital allows you to move faster, while building something deep and truly innovative will last longer and give you the power to penetrate any market.
IT Logs: Will deep tech startups outperform companies merely adding AI to existing products?
We are approaching AI from two perspectives. We currently have 4 agents working on different tasks, and they already collaborate with each other. They were implemented by our local partner Angajatai.ro. At the same time, we are looking to train our own model - specifically an LSTM, which can be more suitable for numerical decision-making then LLM to support our mission: enabling the most efficient energy transfer between renewable energy sources.
IT Logs: What slows founders down most: hiring, fundraising, or regulation?
Phew… When you are a fast-scaling startup, hiring becomes a nightmare for the C-level team. You’re looking for A-level talent, but at the same time you can’t afford to spend too much time on the process. In less than two months we grew to 10 employees (6 people and 4 agents), and we need to reach 20 by the end of June. Fundraising is a problem until you find the first investor - after that, everyone is willing to put money into your company.
Upcoming events in the region…
Money Motion 2026 - March 11-12, Zagreb, Croatia (HAPPENING RIGHT NOW)
Adriatics Tech Summit 2026 - March 30 - April 1, Sarajevo, BiH
iOSKonf26 - May 4 - 6, Skopje, N. Macedonia
Podim - May 11 - 13, Maribor, Slovenia
SaaStanak 2026 - May 25 - 27, Sibenik, Croatia
Southeast Europe AI Summit - May 28 - 29, Novi Sad, Serbia






