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Welcome again to The Station, your central hub for all previous, current and future technique of shifting individuals and packages from Level A to Level B.
Earlier than I dive into the information of the week, take a look at this pretty low cost to attend TechCrunch Disrupt in San Francisco. Go to this hyperlink and kind within the code STATION to get 15% off passes, excluding on-line and expo tickets.
It will likely be an in-person occasion and I couldn’t be extra excited. I’ll be interviewing Rivian founder and CEO RJ Scaringe on the primary stage. Different friends embrace Marc Lore, Serena Williams — sure, the Serena Williams — OnlyFans CEO Ami Gan, Campfire co-founder and CEO Joshua Ogundu and buyers from a16Z, Forerunner, Redpoint and Y Combinator. And a helluva lot extra, which you’ll be able to take a look at right here.
There may be additionally the TechCrunch+ stage and roundtable discussions, the place founders can get insights and recommendation from skilled leaders and buyers about to how navigate among the trickier components of operating a enterprise. After which, in fact, we can have Startup Battlefield.
Come meet me at Disrupt!
Amid the entire protection of Queen Elizabeth II’s demise, one piece of historical past which may have been forgotten is her position as an ambulance driver and mechanic. Jalopnik has a pleasant little write up. Test it out.
OK, let’s go.
It’s one other quick one this week as our skilled micromobber, Rebecca Bellan, is simply getting back from trip.
Our founder Q&A sequence continues over at TC+. The premise — in case you’re unfamiliar — is to interview founders within the transportation sector after which verify in on them a yr later.
In our newest version, Bellan interviewed Drover AI co-founder and CEO Alex Nesic concerning the prospects of integrating pc imaginative and prescient tech into privately owned scooters, what it means when a bigger firm steals your thought and why tech pedigrees are overrated in terms of operating a startup.
In the meantime, curiosity in seated electrical scooters continues to ramp up and Razor is right here for it.
The corporate, which could convey again reminiscences kicking and coasting down the block to your good friend’s home for a playdate, is increasing its line of grownup electrical scooters. The corporate launched a brand new seated electrical scooter that’s designed to hold cargo, or when you like, one other passenger on the again.
Deal of the week
The EV SPAC world is a bizarre and wild place for buyers hlding onto the hope that cash might be made. However it’s a dangerous endeavor.
The newest instance is Mullen Automotive. The EV SPAC acquired a 60% controlling curiosity in Bollinger Motors for $148.2 million. The transfer is meant to strengthen the 2 EV firms’ positions inside the fast-growing electrical sport utility and industrial automobile markets.
Only a day after this announcement, Mullen disclosed it obtained a minimal share value warning from Nasdaq. Mullen’s shares have traded below $1 a share for 30 consecutive enterprise days. (hat tip to Bloomberg’s Sean O’Kane, who first noticed the submitting)
Why does this matter? Mullen dangers a delisting, though it has about six months to show issues round. The corporate has 180 days to shut above $1 for 10 consecutive enterprise days. There are extensions out there if Mullen shares fail to nudge above that $1 mark.
Different offers that bought my consideration this week … (subscribe for all of the offers)
Amply Energy, EV fleet charging and vitality administration supplier for fleets that was acquired by BP in 2021, has formally been folded into the vitality large’s model known as “bp pulse.”
United Airways continues to spend money on the way forward for flight. The corporate introduced a conditional buy settlement for 200 four-seat electrical plane from Eve Air Mobility plus 200 choices, anticipating the primary deliveries as early as 2026. United mentioned it is usually investing $15 million in Eve.
Need to learn extra? The Station’s weekly emailed publication features a roundup of AV, EV and different information and a “A Little Chook,” a piece by which I share verified insider information. Enroll! It’s free!