Welcome back to The Station, your go-to source for all things transportation! We’ve got some sizzling news for you today, so hold onto your seats. First up, let’s talk about the micromobility shake-up in Paris. The city has banished shared e-scooters, causing quite a stir among residents. But fear not, because e-bikes are set to take their place, offering a greener way to get around the city. Lime, one of the leading players in the shared mobility space, is leading the charge with a fleet of e-bikes.
And speaking of shake-ups, there’s a new player in the autonomous vehicle game. Stack AV, a startup founded by the masterminds behind Argo AI, has just secured a whopping $1 billion investment from SoftBank Group. While some investors may be shying away from the autonomous vehicle market, SoftBank Group sees the potential and is betting big on self-driving trucks. It’s a bold move, and only time will tell if it pays off.
But there’s more investment news to catch your eye. Ascend Elements, a U.S.-based manufacturer of battery materials for electric vehicles, has raised a staggering $542 million in new investments. With this influx of cash, they’ll be able to finance the construction of a new factory in Kentucky and continue their mission of decarbonization. And let’s not forget about Envisics, a holographics company that just closed a $100 million funding round. Their in-car technology projects important data onto windshields, keeping drivers safer on the road.
Now, let’s dive into some juicy tidbits. Zeekr, the Chinese performance EV brand owned by Geely, has added Mobileye’s SuperVision ADAS to 110,000 vehicles through an over-the-air update. This means improved navigation capabilities and intelligent traffic safety functions for lucky Zeekr owners. And over at Cruise, things got a little heated when protesters accused one of their robotaxis of blocking an ambulance. However, video footage doesn’t seem to support their claims. Cruise’s CEO, Kyle Vogt, also made waves by announcing that they’re on the verge of getting approval to mass-produce robotaxis without steering wheels or pedals. Talk about pushing the boundaries of autonomy!
Finally, we have some earnings reports to discuss. TuSimple, the autonomous trucking company, finally filed its Q4 and full-year 2022 earnings. While the numbers aren’t exactly stellar, with a net loss of $138 million, they’re making moves to focus on testing and research and development. Despite some setbacks, TuSimple is determined to make their mark in the autonomous vehicle industry.
That’s a wrap for this week’s news roundup! Did anything catch your eye? We’d love to hear your thoughts and comments on all the exciting developments happening in transportation. Drop us a line and join the conversation. Until next time, stay tuned to The Station for all your transportation updates.
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