Here’s a short summary of what happened in the world of mobility, logistics & transportation this week:
Electrify America (the entity set up by Volkswagen as part of its settlement with U.S. regulators over its diesel emissions cheating scandal) will be using Tesla Powerpack battery systems at more than 100 of its EV charging stations this year. The battery systems will be deployed to mitigate higher power demand charges and manage operating costs by avoiding or reducing demand and energy charges during peak charging periods.E
Electrify America’s bet on Tesla battery systems illustrates the deep need for electric vehicle charging infrastructure that is low cost, easy to access and as fast as possible. It’s not enough to simply dot highways and urban areas with public chargers.
Let’s see how this development in the US influences the charging station infrastructure in Europe.
In more Tesla news: The company is adding an energy storage company to its electric vehicle and energy business. They announced a $218 million deal with San Diego-based Maxwell Technologies, who build products for the grid, cars, trucks, transportation systems (like railroads), and more.
By purchasing Maxwell Technologies, Tesla will have better access to building cells, battery systems, and modules for its battery-powered vehicles, and energy supplies. Currently, Tesla’s Reno, Nevada Gigafactory is the main site for its own battery production with Panasonic.
Internet firms and automakers keep collaborating in a bet to win the race for deciding the future of mobility. Even state-owned agencies are getting in on the fun. For instance, ride-hailing startup Didi Chuxing, which owns Uber China, announced a new joint venture with state-owned BAIC. Then followed an announcement by Tencent, who will be working with the GAC Group. GAC
In more joint venture news, Toyota and SoftBank have completed the investment in their joint venture, MONET Technologies Inc.
MONET’s three main business domains are as follows:
1) on-demand mobility services
The objective of MONET is to help realize a safer and more comfortable mobility society by combining SoftBank’s corporate philosophy, “Information Revolution – Happiness for everyone,” with Toyota’s vision of “Mobility for All.”
In 2007, New York City’s Taxi and Limousine
The TLC is requiring them to provide the following data: the date, time, and location of pickups and drop-offs (at least down to the intersection), the vehicle’s license number, the trip mileage, itemised trip fare, route, and how much the driver was paid.
New York has long been more successful than smaller cities at keeping track of the ride-hail cars in its territory, so it will be interesting to see how this develops and how other cities can use the learnings to help
This week in investments…
Southeast Asian ride-hailing firm Grab announced that it has raised $200 million from Central Group, a retail conglomerate based in Thailand.
Also in Southeast Asia: One of Grab’s challengers in the region, the Indonesia-based ride-hailing company Go-Jek, has announced the first close of its Series F round. Although they aren’t revealing numbers, TechCrunch reports that the round is at more than $1 billion. Go-Jek is planning to raise $2 billion for the round, as reported last year.
The German car-leasing startup Cluno just raised €25 million. They offer a service where customers can get a car subscription without the paperwork by booking everything online.
The biggest at the end: Lime has raised another $310 million in a Series D funding round, bringing its valuation to $2.4 billion 💸 💸 💸
A post on Reddit by user
Below are Washington D.C., Oslo, Singapore, and Berlin.
Image courtesy of Electrify America.