Business
SPAC deal sees eVTOL startup Vertical Aerospace become a unicorn
UK eVTOL startup Vertical Aerospace is to merge with special-purpose acquisition company Broadstone Acquisition and become a publicly traded company on the New York Stock Exchange later this year. The pro forma implied enterprise value of the combined company is $2.2...
Manchester Mobility Hub prioritises streets for people, but locals call it a car park with a glossy spin
A planning application for an urban mobility hub in Ancoats area of Manchester in north west England has been submitted, which would see cycle spaces and an electric car club brought to the Manchester neighbourhood. The planned hub is a joint venture between...
Gridserve takes over the UK’s Electric Highway charging network
Ecotricity has confirmed the sale of its Electric Highway national charging network to Gridserve. The sale comes after Gridserve and Ecotricity recently announced a partnership, with the goal of upgrading the UK’s charging infrastructure. Ecotricity started developing...
Hitachi and Arrival offer European bus operators competitive total cost of ownership electric packages
Electric vehicle developer Arrival and Hitachi Europe have announced a partnership to deliver electric bus and infrastructure solutions across Europe. The partnership combines Hitachi’s digital and operational capabilities with Arrival’s products. The two companies...
Ford and BMW-backed solid state battery producer Solid Power to list on NASDAQ following SPAC merger
Solid Power Inc, the Ford and BMW-backed US producer of all-solid-state batteries for electric vehicles, is to merge with Decarbonization Plus Acquisition Corporation III. DPAC, a decarbonisation focused SPAC, describes itself as a blank check company targeting...
Joby plans to build out “skyports” at car park rooftops across the US
Californian electric vertical take-off aircraft developer Joby Aviation has announced a partnership with major US parking company REEF Technology to develop takeoff and landing sites for its aerial ridesharing service, which it expects to launch in 2024. REEF’s assets...
Performance 3D printed e-scooter manufacturer seeks pre-launch crowd funding
Carbon fibre extreme street bike manufacturer Superstrata has taken its 3D-printed unibody construction approach to e-scooters with the Scotsman. Superstrata says the top of the range Scotsman will have a top speed of 45mph and can travel up to 70 miles per charge....
Renault and Plug Power joint venture to develop commercial vehicle hydrogen ecosystem
Renault Group and US hydrogen and fuel cell manufacturer Plug Power Inc have formed a joint venture called HYVIA to offer a “complete ecosystem” for fuel cell powered light commercial vans with green hydrogen and refuelling stations across Europe. HYVIA is equally...
Dutch transport companies order 50-ton hydrogen trucks
US based Hyzon Motors, a leading global supplier of zero-emission hydrogen fuel cell powered commercial vehicles, is to supply 20, 50-ton hydrogen trucks to Dutch transport companies Jan Bakker and Millenaar & van Schaik. Hyzon expects to begin delivering vehicles...
Goldman Sachs financing deal accelerates e-scooter operator TIER’s international expansion
German electric scooter operator TIER has secured $60m of asset-backed financing from Goldman Sachs. TIER claims to be Europe’s largest e-scooter operator, serving over 100 cities across 12 countries and the debt facility will support TIER’s international expansion...
Thai government brings in Foxconn to develop low cost EV “open platform” for car makers in Thailand
Taiwan's Apple iPhone assembler Foxconn has announced a partnership with Thailand's state-run energy group PTT to make electric cars. The agreement marks Foxconn’s on-going expansion into electric vehicles (EVs), with deals over the past year with Chinese electric-car...
Rome congestion trial pioneers “data-only” vision technology overcoming smart city privacy issues
Sony Europe is leading a mobility monitoring trial in Rome incorporating embedded vision sensors with on-board artificial intelligence. The project is testing the paradigm that surveillance cameras are no longer going to produce video but data, enabled by millisecond...
US grocery chain takes delivery of Volvo all electric refrigerated heavy trucks
Albertsons Companies, the second-largest grocery chain in the US, recently took delivery of two Volvo trucks at its distribution centre in Irvine, California. The VNR Electric Volvos are the first zero tailpipe emission, battery-electric Class 8 trucks (above 15t) to...
MaaS Global acquires Wondo marking first steps in expected consolidation of mobility-as-a-service market
MaaS Global, the Finish mobility-as-a-service platform and the company behind the Whim app has acquired Spanish mobility startup Wondo. As part of the transaction, Wondo invester Ferrovial will become one of the shareholders of the new company. The Whim app allows...
Worldwide transport activity to double by 2050 and carbon emissions to keep rising, warns ITF
Latest projections presented at a global summit of transport ministers paints a downbeat view that global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 - even if existing commitments to decarbonise transport...
May Mobility equips Toyota to test “Autono-MaaS” service in Ann Arbor
May Mobility, a leader in autonomous vehicle technology and shuttle operations, is testing a Toyota Sienna equipped with the next generation of its autonomous driving kit and will work with Toyota to add the vehicle to public shuttle fleets in 2022. The automated...
Paris-based Virtuo raises €78.7 million to scale its car-on-demand service
Virtuo, the car-on-demand service that sets out to drive the shift away from car ownership across Europe, has raised €50 million in a Series C funding round led by AXA Venture Partners. In addition, Natixis and several members of the Banque Populaire and Caisse...
UK transport charity launches campaign to get people back on public transport
UK sustainable transport charity, Campaign for Better Transport, has launched a national campaign to help get people back on onto public transport. The Way Forward campaign, launched outside the House of Lords, with support from Green politician Jenny Jones, Baroness...
Chart Industries invests in cryogenic hydrogen refuelling start-up
Germany’s Cryomotive, a green-tech start-up and US company Chart Industries, a leading global manufacturer of liquefaction and cryogenic equipment, have entered a strategic partnership to develop hydrogen fuelling systems that offer refuelling times and range similar...
New model suggests the economics of rural charging infrastructure can work
The UK’s Connected Kerb is to install electric vehicle chargers to deliver sustainable, affordable and accessible charging infrastructure to hard-to-reach UK communities. The “first-of-a-kind” scheme, in partnership with Kent County Council, offers a blueprint for...
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