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I am your transportation editor, and I am still on vacation. This week will be short and sweet because I couldn't abandon my readers.
There is one note for everyone. If you want to see what the auto industry is doing, just head to Summit County in Colorado. At least three different vehicles, all wrapped in their camo, are being tested on some of the paved mountain passes.
Two stories are going to flag. A reporter dives into Rimac. How has this company been able to succeed where so many other EV makers have failed? The ghost kitchens have popped up at college campuses on the backs of delivery bots.
Email me at kirsten.korosec@techcrunch.com to let me know what you think. You can send a message directly torstenkorosec.
A letter of intent has been signed to acquire Wheels, a company that offers seated scooters and helmets. You might be wondering what the heck is going on.
In the first quarter of this year, we reported on a balance sheet that showed a company burning through its cash at a worryingly unsustainable rate. Not to mention all the weird business moves, from micromobility to ghost kitchens to live sports streaming tocryptocurrencies. How are they going to make this deal work?
The business model at Wheels is questionable if it is not doing well enough to get shares in Helbiz as compensation. In the early morning hours of Thursday, Helbiz was trading at $0.81, which is down from the $10.20 it opened at.
I am trying to get him on the phone so I will leave you with that.
You have been reading a lot about tech layoffs. It is hitting the land. Just a couple of weeks after Bird laid off 23% of its staff, the next round of industry layoffs is affecting Voi and Superpedestrian.
Other news...
Alex Nesic is the founder of Drover Artificial Intelligence.
Three-wheelers are selling out ICE vehicles in India.
Lime has pulled out of South Korea because it is too chaotic.
The e-scooter pilot is expanding to the Bronx.
The ratings for the best places to bike were released by People for Bikes. Seattle, Brooklyn, San Francisco, Philadelphia, Portland, St. Paul and Detroit all saw increases in their scores. It was surprising that the city with the highest Community Survey score was Arkansas.
Superpedestrian and Voi are the latest micro mobility companies to lay off workers.
There is a fire bike lane in NYC.
Walmart is selling mid-drive e- bikes.
The person is Rebecca Bellan.
This isn't a case study in a deal that went wrong. Bird is a company that makes scooters and micro mobility products.
If Bird wants to keep its New York Stock Exchange listing, it needs to fly at a higher altitude. The company warned that its share price was not in compliance with the exchange's requirement that Class A Common Stock for a listed company be at least $1.00 over the course of a 30 day trading period.
Let's go back in time and revisit Bird. Bird began trading at $8.40 per share. Bird's share price has plummeted to a new low. That's 93.31% lower.
While on vacay, I paid attention to some of the deals.
Laka's Series A has been increased to $13.5 million. The Series A was followed by Ponooc, a Dutch sustainable mobility investor with close ties to Pon and AMRO.
The increase in the company's share capital will be used to fund the acquisition of German peer Hella.
Tom upr, founder and CEO of the online grocery delivery startup, is one of the investors in the Series D round.
Iron Gate Capital and Renewal Funds led a $12 million Series A for Share Mobility, which provides transportation solutions for companies.
Wingcopter raised $42 million in a Series A extension led by REWE Group.
The capital venture arm of General GM invested in UVeye, a company that makes vehicle diagnostic systems. UVeye has entered into an agreement with General GM to work on vehicle-inspection technology projects.
As of late Wednesday, Cruise was the first company to offer rides to the public. The California Public Utilities Commission gave Cruise the go-ahead to operate in a commercial capacity in June.
Einride has been given the go-ahead to operate its purpose-built, electric, self-sufficientpods on public roads in the US.
Pony.ai is testing its controller with customers. The system is going to be mass produced in the fourth quarter of 2022.
One of the key findings from the AlixPartners' Global automotive outlook is that EV manufacturers will need to switch their focus from speed to cost if they want to succeed. They announced last year that they would invest $330 billion over the next five years to develop EV.
Arrival's van has been approved for European Whole Vehicle type approval.
FedEx received another 150 electric delivery vans from Brightdrop.
It's consolidation! There is a wave of consolidation in the EV Charging Industry.
The Valencia, Spain factory was chosen by Ford to build profitable electric vehicles that meet the demand of European customers. The choice will lead to a restructuring.
Plug and Charge is the ability to easily plug in and automate payment at a range of different charging stations, which is one of the reasons why GM will equip its models with it.
The batteries and battery materials that can be sent to the Toyota battery plant in North Carolina are being collected by the company. Proterra, Ford, Volvo and Panasonic are some of the companies that are supplying batteries to the Nevada giga factory.
The demand for this year's most anticipated EV is unprecedented. The cadillac lyriq SUV is the latest model to close its order book
The NHTSA wants more crash data from event data recorders. The proposal calls for the black boxes to capture 20 seconds of data at a higher rate.
Polestar's all-electric Polestar 2 sedan is now compatible with Apple CarPlay.
Vehicles powered by hydrogen are being tested. The company says it will take less than 15 minutes to refuel and that the range could be as high as 1000 kilometers.
VW Group is being pressured by unions and shareholders to address allegations of human rights violations in China, where it operates a car factory.
It looks like we need a dedicated section for the electric car. It's here.
According to Cars.com, the most American-made car is theTesla.
A black former worker at a California assembly plant rejected a fifteen million dollar settlement from the company because he claimed he was racially abused by his co-workers. The award was slashed from the jury verdict.
The third and final part of the interview with Musk was released.
The Austin gigafactory might get a new tunnel thanks to The Boring Company.
According to the lawsuit, the company did not give the 60 days of advance notice required by federal law.
The all-electric service has been extended to Brooklyn.
In some cities, a new version of the ride-sharing service called "UmbreyX Share" is available.
The companies are accused of violating antitrust law by setting the prices customers pay and limiting the ability of drivers to choose which rides they accept.
The new position of Chief Strategy Officer was created by Mercedes-Benz Group. He was a senior partner at McKinsey and Company in Hong Kong. CEO Kllenius will have direct reports from Gao.
The founder and former CEO of the company was hit with a new wire- fraud charge.
The new head of Caltrans was appointed by Tony Tavares.
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