The Station is a weekly newsletter dedicated to all things transportation. Just sign up here and click on “The Station” to have our newsletter delivered to your inbox every weekend. Subscribe for free. Welcome to the station. It is the central hub for all past, present, and future means of moving people and goods from point A to point B. Hello! And goodbye! Well, at least until 2024. The station will be closed for a while until the end of this year. I would like to thank everyone who reads our weekly newsletter and sends me suggestions, tips, and criticism. Yes, I appreciate the thoughtful backlash. This year has seen new startups emerge (so many electric boat and RV companies, right?), more EVs on the roads, and numerous commercial milestones achieved in the self-driving vehicle industry. It was a year of lots of movement. Of course, there were dark moments and even shocking moments. Many startups went bankrupt, including a number of mobility SPACs, and layoffs remained widespread into the final months of the year. Two of the most surprising stories involve the self-driving car industry. Argo AI It made a comeback with a new AV startup funded by Softbank, but cruise. Cruise’s story continues to unfold and will likely play out until 2024. Last week was a tough week for Cruise, albeit as expected. As a result, the Cruise board, and by extension the GM board, are doing a housecleaning to restore years of technological advances. As part of that mission, nine top leaders were removed and 900 workers were laid off. We will continue to follow Cruise’s story next year. But that’s not our only focus. The TechCrunch team cares about the future of transportation, from new EV and battery technologies to electric and hydrogen aviation, self-driving cars, micromobility, and in-vehicle technology. It’s not just about highlighting the next new new thing. Instead, we strive to explain why it’s important and who it affects. In other words, we’re the kind of people who take unlikely exits and side streets to explore what others might avoid. Please join us. See you in the new year! Want to contact us with a tip, comment, or complaint? Email Kirsten at kirsten.karasec@techcrunch.com. Send your notes to tips@techcrunch.com. If you wish to remain anonymous, Click here to contact usthis includes SecureDrop (instructions here) and various encrypted messaging apps. micromobin The big talking point in Scooterville was the “seemingly” sudden decision. super pedestrian Just 18 months after raising $125 million, the company is closing its U.S. operations and beginning to consider selling its European operations. I don’t want to say I saw this coming, but given that in late November Superpedestrian began laying off several European executives responsible for global development and operations, Let’s just say I wasn’t shocked by the news. Superpedestrian’s Link scooters are available in about 60 cities in 11 countries, but are scheduled to be withdrawn from most markets by the end of 2023. The startup positioned itself as a partner for safe cities and invested in advanced passenger assistance technology by acquiring Navmatic in July 2021. That’s where Pedestrian Protection was born, Superpedestrian’s GPS-based safety system that could detect and correct unsafe rider behavior in real time. However, the system was competing with other camera-based computer vision systems popularized by Drover AI and Luna. Lime, the only big scooter company likely to survive, introduced its own version of rider-assistance technology on its scooters in July 2022, around the same time that Superpedestrian began cutting jobs. As the balance sheets of public companies Bird and MicroMobility.com (formerly Helbiz) demonstrate, shared micromobility is a difficult business to run properly. Bird has recently been kicked off the stock market, announced several layoffs and is likely close to filing for bankruptcy. MicroMobility.com has undergone not one but two reverse stock splits this year, and its stock price remains depressed. And after several failed acquisition talks, Tier Mobility also announced layoffs in November. Oh, and let’s not forget Boruto’s mysterious disappearance. My question now is who will be next to fly off to the great beyond? — Rebecca Beran This week’s sale We have lots of great deals this week! dimensional energy, a New York-based startup that develops sustainable aviation fuel from carbon dioxide emissions and water, has raised $20 million in a Series A round led by Envisioning Partners. Strategic investors include United Airlines Sustainable Flight Fund, Microsoft Climate Innovation Fund, Rock Creek Smart Aviation Futures Fund, DSC Investments, Derek US, and New York Ventures, as well as Elemental Excelerator and Chloe Capital. Existing investors also participated. summer timea Chinese new energy vehicle fleet management company, has completed an $80 million funding round to fuel R&D investment and real-time computational analysis. exponential energyThe Indian EV charging startup has raised $26.4 million in Series B led by Eight Road Ventures and TDK Ventures. This funding will help Exponent expand its 15-minute charging solution to five major cities in India in FY2024 and enter the intercity e-bus segment. The company plans to deploy 1,000 charging stations and equip 25,000 EVs with Exponent by 2025. Ric the mobility-as-a-service startup has raised €1.4 million ($1.53 million) from Habert Dassault Finance, AfriMobility (Akwa Group), angel investors, and banks including Bpifrance, Crédit Mutuel, and Caisse d’Épargne. meta fuela sustainable jet fuel startup, has raised $8 million in a round led by Energy Impact Partners and Contrarian Ventures. Vanmo, a São Paulo-based startup looking to expand electric motorcycle battery swapping in Latin America, has raised $30 million in a Series A round to capitalize on the growing popularity of bikes across the region. The equity and debt round was led by Monasees, with participation from Climate Technology Fund 2150 and Maniv Mobility.
Source: techcrunch.com
