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Welcome back to The Station, your central hub for all the ways you’ve moved people and packages from point A to point B, past, present and future.
Happy Labor Day weekend to all my readers in the US and Canada! If you’re taking advantage of the three-day weekend road trip, travel safely.
For those of you in California, you may be asked to rein in your energy use this holiday weekend. Especially if you own an electric car.California grid manager appeals to EV owners Avoid charging during peak hours (4 p.m. to 9 p.m.) as part of a broader effort to keep the state’s power grid operating during this heatwave.
‘Alert’ reminds me of California’s recent decision Ban new petrol cars by 2035 And what impact a flood of electric vehicles might have on an already dilapidated grid.
Speaking of electric cars, maybe you want to buy one?I wrote a New Electric Vehicle Tax Credit Guide You may find it helpful. It’s more complicated these days. This guide covers new electric vehicles; keep an eye out for another article on used electric vehicles and tax credits.
Finally, if you want to check out TechCrunch Disruption (I suggest you do this), here is a small gift for my readers.go to this link And enter code STATION to get 15% off passes, excluding online and expo tickets.
Rebecca Bellan It’s been a hard-earned vacation, so this week’s micromobbin’ will be short.
First up is a TC+ article by Bellan that explores why The largest market for micromobility It will end up going into the commercial realm instead of focusing on the consumer.
In other scootin’ and bikin’ news…
lime, rotate and Vio in Milwaukee as part of the new shared scooter pilot Launched this week.
Vermont be the first Offers e-bike rebates.
this week’s best deals
Trading has slowed a little this summer. The difference from last summer, when the deal flow was more of a firehose, was staggering.
While the pace of deals has slowed, the thirst for capital has not. This is especially evident in the world of electric vehicles and mobility SPACs, where companies that were once flooded with capital in high-growth markets are trying to reopen the tap.
sober and Nicola One of the few EV SPACs Seeking a cash injection Bring delayed vehicles to market through stock offerings.
CEO of self-driving technology company aurora Several options have been presented to the board to extend the company’s runway beyond mid-2024. And last month, Faraday Future (I’m shocked even here) said Additional funding will be required until early September 2022 in order to continue operations. For those keeping track, it’s now.
The results of it? I expect more events like this by the end of the year. For some, it can become hopeless.
Other deals that caught my eye this week…(Subscribe to all offers)
boost elementU.S.-based lithium-ion battery recycling and engineered materials company receives $50 million in U.S. investment SK Eco Plantthe environmental arm of South Korean conglomerate SK Inc.
poplartraffic data start, Raised $11 million in Series A funding to expand its existing offering as well as curbside management software. The round was co-led by Zero Infinity Partners and Climact, with participation from Comcast Ventures and Robert Downey Jr.’s Footprint Alliance Ventures.
spark chargingMobile EV charging network provider, raises an additional $7 million from Cleveland Avenue as its complement previously announced A round. Total funding is now $30 million.
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