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Welcome back to The Station, your central hub for all past, present and future transportation of people and packages from Point A to Point B.
Too much news, so we just have to jump in.
A lot of the conversation around shared micro-mobility in cities has negative values.
Coverage often focuses on scooter crashes, rampant parking devices on sidewalks, and the congestion of too many scooter riders. But these do not indicate the economic and environmental benefits that micro-capability brings to cities.
For example, Green lemon recently provided its scooter data for the German research institute Fraunhofer ISI, and the organization has found that shared e-scooters help reduce carbon emissions in the city transport network. Researchers surveyed Lime riders in the spring of 2022 across Stockholm, Paris, Melbourne, Berlin, Seattle and Dusseldorf and found that in each city, if scooters and shared bicycles were unavailable. available, a significant number of cyclists will take their most recent trips. via car, taxi or hail ride.
The researchers also looked at Lime’s latest Gen4 e-bike and e-scooter lifecycle analysis to measure the service’s carbon footprint from rack to grave and found that mobility Shared microtransport reduces more of the carbon footprint it emits.
I also mentioned the economic impact of shared micro-mobility.
Two separate reports from Elephants and Neuron shows that the availability of e-scooters and e-bikes has improved access to high-end streets and major shopping areas that have been affected by the pandemic, and has a positive impact to spending in some cities.
The Elephants learn, conducted by economic consulting firm Volterra, focuses on a number of UK cities and sees an expected increase in retail spending and food and drink to a total of £37 million UK would otherwise be spent online or in suburban retail stores. parks. This boost is expected to help support up to 1,400 jobs. What’s more, the study found that e-scooter activity could lead to a £1.2 billion increase in street-challenged research test areas if introduced to long-term use due to only purchases of food and beverages alone increased.
Neuron’s research looked at the impact of e-scooters in Brisbane, Australia, and found that 66.4% of trips resulted in a purchase. Of these, 42.2% go to buy food and drinks, 32.5% buy something at a retail store, and 17.9% go to the gym, watch a movie or an event. The average spend per ride by riders is $61.05. Between 2021 and 2022, Neuron estimates its service contributed $116.6 million in direct, indirect and supportive economic activity to Brisbane’s economy. Queensland economic policy advocacy solutions supported these findings and found Neuron’s estimated economic contribution Brisbane’s economy could grow to $160.5 million by 2026-2027.
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Trading of the week
This week, we just compiled a list deals caught my attention this week. Let’s start:
Aventon get support from Sequoia China, raising the after-money valuation of the e-bike maker to $590, from $200 million eight months ago.
Mobile miles, a German start-up, has acquired UMI Urban Mobility International GmbH from Volkswagen Passenger Cars and with it the car-sharing business WeShare. Neither party disclosed the financial terms of the deal. Miles said it plans to integrate 2,000 WeShare-branded VW electric vehicles into its fleet. It also plans to order more than 10,000 electric vehicles from the Audi, Seat/Cupra and Volkswagen Passenger Cars brands, with deliveries scheduled for 2023.
Newtruldescribing itself as Expedia to order goods, raised $5.3 million in a round led by SignalFire and Flex Capital as well as previously uninformed investors, including Bessemer Venture Partners, Crowley, Oren Zaslansky, CEO of Flock Freight, John Larkin and Brad Hollister.
Volocopter, a German startup building an electric vertical take-off and landing (eVTOL) vehicle, which has guaranteed $182 million for the second signing of the Series E round. It’s on top of $170 million Volocopter raised for the same batch in March at a post-money valuation of $1.87 billion.
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Notable readings and other tidbits
Argo AI’s lidar unit, a team of 80 people and the lidar technology they developed, is be shopping around of Ford and VW. The two automakers, which invested $3.6 billion in Argo AI and then abruptly withdrew support and shut it down, are looking to squeeze out any remaining value from the AV company.
dawn said in its Q3 earnings it will have enough money continues to develop autonomous vehicle technology until its commercial launch in mid-2024 – an attempt to reassure shareholders amid tight capital markets and a week after competitor Argo AI broke ground. abruptly closed. But wait! Aurora said it would have to raise capital; The company did not share when that will happen.
Yacht CEO Kyle Vogt tweeted that its unmanned robotaxi service is extended to most of San Francisco. This extension is currently for employees only.
Waymo also expanded its robotaxi service in downtown Phoenix to now include pick up and drop off services at Phoenix Sky Harbor International Airport. (Technically it’s the 44th Street sky train station, which is the outermost stop of the aircraft carrier and takes people straight to the stations) safe operator.
XPeng license has been received to begin testing its G9 electric SUV as an autonomous vehicle on public roads in Guangzhou. The company will begin testing a small fleet as soon as possible with a human safety operator in the driver’s seat.
Electric vehicle, battery and charger
Arrive is in the thick of a reconstruct – for the second time in six months – and received a warning from the Nasdaq Stock Market that it could be delisted.
But that’s just the tip of the iceberg at the company, according to one Financial Times recent article describes a company struggling with setbacks, a recent car fire witnessed by their biggest customer, and a distracting side project to build an electric jet . Reporter Peter Campbell writes that morale in parts of the company has sunk to “rock bottom”.
Fisker raised its production forecast two weeks before its first electric vehicle, the Ocean SUV, goes into production. The automaker says it has plans production of 42,400 Ocean SUVs by the end of 2023, up from the original forecast of 40,000, driven by strong demand in the US and Europe.
Harbinger Motorsan EV commercial company focused on midsize chassis platforms used in the RV industry, has partnered with RV manufacturing giant THOR Industries.
Saudi Arabia sovereign wealth fund has establish a joint venture with Foxconn to build and sell electric vehicles. The new brand is called Ceer and will use BMW’s component technology /
Lyft To be spawn 13% its workforce, or nearly 700 people, as it strives to reduce operating costs.
Uber’s The new ad division includes in-app advertising, not within the app. Users are inundated with push notifications Highlight ads from other companies.
Comma.ai founder George Hotz said he was taking “A long time away” from starting a driver assistance system that promises to bring Tesla Autopilot-like functionality to your vehicle. In a long interview, Hotz gave me an update on Comma (which raised $10 million last year) and what he plans to do next. He will remain as its sole board member and chairman.
TuSimple Co-Founder Xiaodi Hou to be was fired from his positions of CEO, Chairman and CTO by the board of the autonomous trucking company. Hou, who co-founded TuSimple in 2015 with Mo Chen, was also removed from his position as chairman of the board and member of the board’s government security committee.
The shooting happened a day after the WSJ . incident publish a report citing unnamed sources that TuSimple is facing concurrent investigations by the Federal Bureau of Investigation, the Securities and Exchange Commission and the Commission on Foreign Investment in the United States (CFIUS). The investigation appears to focus on TuSimple’s relationship with Hydron, a hydrogen-powered trucking company led by TuSimple co-founder Chen and backed by Chinese investors.
Hou took to LinkedIn to defend himself, claiming that the board voted to remove him without cause.
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