Connect with us

Uncategorized

The Station: AutoX meets a robotaxi milestone, Spin adds a third wheel and Lime embraces mopeds

Published

on

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox

Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B.

Let’s get right to it.

Oh wait, one item first. Tesla earnings happened and as always a bunch of new promises and products and timelines were laid out, including a Knight Rider-inspired steering yoke in the “plaid” Model X.

tesla steering yoke

Image Credits: Tesla

This stalkless yoke steering wheel is suboptimal. (yup I said it). And it’s already getting the attention of federal safety regulators.

Yes yes, you’ve seen these yokes in race cars. However, the steering ratio is vastly different between race cars and the vehicle sitting in your driveway.

I’m not the only who sees this as an awkward and potentially dangerous design choice.

Tim Stevens at CNET’s Roadshow, who has a deep background in automotive, notes that a race car needs as little as 180 degrees of rotation to turn from the left-most steering extent to the right, while the average passenger car has 900 degrees of rotation from full left to right.

That matters because daily driving requires you to change the positioning of your hands on the steering wheel while making U-turns and the like. When the steering wheel is a circle, it’s an easy task. This shape can make it awkward and prone to flubbing the maneuver.

It’s true that we don’t yet know if Tesla adjusted the steering ratio. Still, a higher steering ratio introduces other potential issues. You can read his complete thoughts here.

Lucid Motors jumped in and threw a little shade Tesla’s way with a tweet that shows a picture of the new Lucid Air steering wheel and this: “Take the wheel: The knurled metal turbines and capacitive touchbars provide intuitive control of #LucidAir DreamDrive ADAS functions. It’s also pretty nice to look at, too.”

OK, y’all onward!

Email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, offer up opinions or tips. You can also send a direct message to me at Twitter — @kirstenkorosec

Micromobbin’

the station scooter1a

After a quiet few weeks, the micromobbin’ news floodgates opened. Perhaps, it was due to the three-day Micromobility World event that was held this past week.

First up, is Spin and the three-wheel scooter it rolled out with partners Segway-Ninebot and software startup Tortoise. (the scooter is pictured below) The scooter has the noteworthy addition of a third wheel to make it more stable and easier to ride, important features for any micromobility company hoping to appeal to a wider demographic.

The Spin S-200 scooter, as it’s call, is also equipped with repositioning software that allows remote operators thousands of miles away to move vehicles off the sidewalk and into a proper parking spot. A fleet of about 300 Spin S-200 scooters will be tested in Boise, Idaho this spring. But the goal is much grander. Spin ultimately wants to roll out remotely operated scooters to cities in North America and Europe in 2021.

Spin S-200 Tortoise scooter

Image Credits: Spin

Meanwhile, Lime is adding a whole new mode to its portfolio: electric mopeds. Lime CEO Wayne Ting first hinted late last year that a “third mode” of transport beyond scooters and bikes was in the works for the first quarter of 2021.

The addition of the mode can be viewed in two ways, depending on how bullish you are about Lime. Is this a desperate attempt to appeal to its investors and find new revenue streams? Or is this a long-planned strategy aimed at owning the spectrum of inner city travel from jaunts to the corner store to longer distance trips up to five miles?

For what it’s worth, it seems this plan has been in the works for some time, but was delayed due to COVID.

Lime plans to launch as many as 600 electric mopeds on its platform this spring in Washington D.C. The company is also working with officials to pilot the mopeds in Paris. Eventually, the mopeds will be offered in a “handful of cities” over the next several months.

LIME-moped-bike-scooter

Image Credits: Lime

One more interesting item …

Voi Technology, the European micromobility company, is aiming to secure a license to operate in New York City. It’s big selling point? The company said it has developed an electric scooter that can measure air quality as it travels through urban areas.

The Voiager 4 (V4) has been designed to contribute to lowering traffic congestion and fuels, as well as helping cities to collect data on the improvements, the company said. The scooter, which is coming out in spring, will have other features like antimicrobial handlebars, audible alarms to alert pedestrians and Near Field Communication technology that lets users unlock it with the tap of a smartphone or smart watch.

Deal of the week

money the station

Sila Nanotechnologies raised $590 million in capital the good old fashioned way: institutional investors and venture capital firms. (I couldn’t have a SPAC as ‘deal of the week,’ yet again.)

Sila Nanotechnologies is a Silicon Valley battery materials company that has spent the better part of a decade developing technology designed to pack more energy into a cell at a lower cost.

With demand for batteries climbing, automakers are looking for the next-generation tech that will give them a competitive edge. Sila Nano might just be the product automakers are looking for. The company, co-founded by Tesla alum Gene Berdichevsky, has already locked in partnerships with Amperex Technology Limited as well as automakers BMW and Daimler. 

Sila Nano, which has a post-money valuation of $3.3 billion, plans to use the funds to hire another 100 people this year and begin to buildout a factory in North America capable of producing 100 gigawatt-hours of silicon-based anode material, which is used in batteries for the smartphone and automotive industries. Sila Nano said it plans to start production at the factory in 2024. Materials produced at the plant will be in electric vehicles by 2025, according to the company, which has yet to reveal the location of the factory.

The Series F funding round was led by Coatue with significant participation by funds and accounts advised by T. Rowe Price Associates, Inc. Existing investors 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board, and Sutter Hill Ventures also participated in the round.

Other deals that got my attention …

AUTO1, a used car trading platform based in German, set the share price for its initial per offering between 32 and 38 euros with an aim to raise at least 1.5 billion euros ($1.83 billion), Reuters reported.

Faraday Future, the electric vehicle startup that has come close to imploding numerous times in its short history, has found money where everyone else has: public markets via a SPAC. The company said it has reached an agreement to merge with Property Solutions Acquisition Corp in a deal valuing the combined entity at $3.4 billion. Bloomberg’s article included a quote from Jordan Vogel, chairman and c-CEO of Property Solutions, that answered one of my questions.

“There are no skeletons in the closet,” he said. “We have spent an exorbitant amount of time examining the history.”

Freewire Technologies, the electric vehicle charging and power solutions company, raised $50 million in a Series C funding round led by Riverstone Holdings with participation from current shareholders bp ventures, Energy Innovation Capital, TRIREC and Alumni Ventures Group. The company said the funds will be used to boost production of its Boost Charger product and speed up its expansion into international markets.

Starship Technologies, the autonomous delivery robot startup, has raised $17 million. Despite some struggles, the company has expanded its fleet five-fold since COVID-19 swept through the European and North American markets that it operates in. Starship now has 1,000 autonomous delivery bots in its fleet.

One item that I didn’t uncover until after publication: the company’s CEO Lex Bayer, a former sales leader from Airbnb, who took over the top spot at Starship in 2018, has left the company. Ahti Heinla, Starship Technologies’ co-founder and CTO, is serving as interim CEO while the company “conducts a thorough search for the best person to lead the company into the future,” a spokesperson told me.

Wheels Up, the jet charter company, is in talks to go public through a merger with special purpose acquisition company Aspirational Consumer Lifestyle Corp, Reuters reported.

Wingcopter, the German drone technology startup, raised $22 million in a Series A round led by Silicon Valley VC Xplorer Capital, as well as German growth fund Futury Regio Growth. As TechCrunch’s Darrell Etherington notes, the company has come a long way since its founding in 2017. In the past four year, Wingcopter has developed, built and flown its heavy-lift cargo delivery drone, which offers all the benefits of vertical take-off and landing with the advantages of fixed-wing aircraft for longer-distance horizontal flight.

Zadar Labs, an early stage startup that is developing high-resolution, low-cost imaging radars for autonomous systems raised $5.6 million in seed funding led by Tim Kentley Klay — yes the Tim Kentley Klay, who co-founded Zoox, was ousted as CEO by the board and has since gone on to found a new AV startup called HYPR. Other investors include Leslie Ventures, Jeff Rothschild, Plug and Play, and Mentors Fund.

GM charts its EV future

the station electric vehicles1

GM is hardly the first company to pledge to become carbon neutral by [insert some distant date]. But GM’s announcement this past week is different than other sustainability promises and platitudes.

I’m actually surprised it didn’t receive more attention. I guess Robinhood and Gamestop were too intriguing.

In short: GM pledged to be carbon neutral by 2040, a goal it will achieve by removing emissions from all of its products and global operations as well as offsetting those emissions through carbon credits or carbon capture.

The company also committed to produce only electric vehicles by 2035 — just 14 years away. In automaker years, thats just two, maybe three design cycles. In other words: that’s short.

To be clear, when I spoke to GM, I heard words like “hope” and “aspire to.” But when pressed, the company said ‘yes, this a real goal.’

Moving its portfolio, which today is dominated by internal combustion engine vehicles, will be a transition, a GM spokesperson told TechCrunch, adding that the main priority is to bring employees along in that shift.

A “transition” doesn’t adequately articulate what will need to happen to pull off a goal of this size and scope. Yes, there are new EVs coming in the pipeline. And GM has committed to spend $27 billion over the next five years on the development of electric vehicles and automated technology, a 35% increase that exceeds the automaker’s investment in gas and diesel.

But a look across its current portfolio and there’s no denying that GM is a maker of gas and diesel vehicles.

Will these vehicle models cease to exist or will they be “electrified?” How quickly will GM be able to transition its numerous factories to reflect its “only electric” mission? How will its workforce respond?

My questions abound. I am confident to make this prediction: the next decade at GM is going to be a wild ride.

AutoX’s next big move in China

the station autonomous vehicles1

I was just thinking to myself, ‘what is AutoX up to?’ when I saw their latest announcement. The Chinese autonomous vehicle company, which has also been developing and testing its tech in the U.S., opened its robotaxi pilot program to the public in Shenzhen. These robotaxis can be hailed and do not have a human safety operator behind the wheel.

It’s a milestone for the company and the country. AutoX said this is the first time that the general public will be able to book a completely autonomous robotaxi without accompanying safety drivers in China. Once a person registers, they can book rides through AutoNavi, the mapping and transportation-booking app owned by Alibaba, one of the startup’s investors.

You might recall that inAutoX opened in April 2020, an 80,000-square-foot Shanghai Robotaxi Operations Center, following a 2019 agreement with municipal authorities to deploy 100 autonomous vehicles in the Jiading District. The vehicles in the fleet were assembled at a factory about 93 miles outside of Shanghai.

The Shanghai operations center marked an escalation of AutoX’s ambitions that have expanded over the past year.

AutoX has now set up a robotaxi operations center in Shenzhen to support this new driverless program. The company says this new facility is more advanced than the previous operations centers it built in Shanghai.

Lyron Foster is a Hawaii based African American Musician, Author, Actor, Blogger, Filmmaker, Philanthropist and Multinational Serial Tech Entrepreneur.

Continue Reading
Comments

Uncategorized

Lime unveils new ebike as part of $50 million investment to expand to more 25 cities

Published

on

Lime said Monday it has allocated $50 million towards its bike-share operation, an investment that has been used to develop a new ebike and will fund its expansion this year to another 25 cities in North America, Europe, and Australia and New Zealand. 

If the company hits its goal, Lime’s bike-share service will be operational in 50 cities globally by the end of 2021.

The latest generation e-bike, known internally as 6.0, has a swappable battery that is interchangeable with Lime’s newest scooter. Additional upgrades to the e-bike include increased motor power, a phone holder, a new handlebar display, an electric lock that replaces the former generation’s cable lock and an automatic two-speed transmission. The new bikes are expected to launch and scale this summer. 

The hardware upgrade builds off of the 5.8, a bike developed by Jump that was supposed to be deployed in 2020. That never happened at scale because Uber, which owned Jump, offloaded the unit to Lime as part of a complex $170 million investment round announced in May.

“Jump made great hardware,” Lime President Joe Kraus said in a recent interview. “And we made some further improvements on top with the new bike.”

The hardware upgrades and expansion were funded from its own operational funds, not new financing from outside investors, Kraus said. The funding was possible as a result of Lime achieving its first full quarter of profitability in 2020, according to the company.

“We have figured out how to be profitable and we are funding this,” Kraus said.

Lime not only added a new motor to the bike, it moved its location in an aim to make it easier to handle at low speeds and enough power to climb hills, Kraus said. The swappable battery was perhaps its most important upgrade directly tied to its drive towards profitability, Kraus added.

“When our operations teams is roaming around the city, they take can care of bikes and the scooter fleet, which allows us to both operate profitably and continue to have affordable pricing,” he added.

Lime’s investment in its ebike operation comes a month after it announced plans to add electric mopeds to its micromobility platform as the startup aims to own the spectrum of inner city travel from jaunts to the corner store to longer distance trips up to five miles. Lime is launching the effort by deploying 600 electric mopeds on its platform this spring in Washington D.C. The company is also working with officials to pilot the mopeds in Paris. Eventually, the mopeds will be offered in a “handful of cities” over the next several months.

“This idea of how to service more trips five miles within a city is part of why we continue to do multi modality,” Kraus said. “When we add a new modality like bikes into a scooter city, or when we add scooters to a bike city both modalities go up in usage.”

Continue Reading

Uncategorized

Istanbul’s Dream Games snaps up $50M and launches its first game, the puzzle-based Royal Match

Published

on

On the back of Zynga acquiring Turkey’s Peak Games for $1.8 billion last year and then following it up with another gaming acquisition in the country, Turkey has been making a name for itself as a hub for mobile gaming startups, and specifically those building casual puzzle games, the wildly popular and very sticky format that takes players through successive graphic challenges that test their logic, memory and ability to think under time pressure.

Today, one of the more promising of those startups, Istanbul-based, Peak alum-founded Dream Games, is announcing the GA launch of its first title, Royal Match (on both iOS and Android), along with $50 million in funding to double down on the opportunity ahead — the largest Series A raised by a startup in Turkey to date.

While Dream Games will focus for the moment on building out the audience for puzzle games with more innovative ideas, it also has its sights set on a bigger goal.

“We’re building this as an entertainment company,” CEO Soner Aydemir said in an interview, where he described Pixar as a key inspiration not just for size but for quality in its category. “What they did for animated movies, we want to do for mobile gaming. We are focusing on casual puzzle games first because everyone plays these, but we will also move forward with other genres. We want to be a huge interactive entertainment company that builds high quality games.”

The Series A is being led by Index Ventures, with participation also from Balderton Capital and Makers Fund. The latter two backed Dream Games previously, in a $7.5 million seed round in 2019. Index, meanwhile, is a notable VC to have on board: other successful gaming startups it has backed include Discord, King, Roblox and Supercell.

Interestingly, this is not Index’s first investment in a gaming startup founded by Peak Games alums: in December it led a $6 million round for another Istanbul mobile casual puzzle gaming startup founded by ex-Peak employees: Bigger Games.

Dream Games is not disclosing its valuation with this round.

Dream Games raising $57.5 million ahead of launching any games — or proving whether they get any traction — may sound like a risky bet, but there is some context to the story that sets up the odds in this startup’s favor.

The founding team all come from Peak Games, the Istanbul gaming startup that was so nice, Zynga bought it twice — first, in the form of one small acquisition of some specific titles, and then the whole company some years later.

CEO Soner Aydemir is Peak’s former director of product who built the company’s two biggest hits, Toy Blast and Toon Blast. Ikbal Namli and Hakan Saglam were Peak’s former engineering leads. And Peak product manager Eren Sengul and an ex-Peak 3D artist Serdar Yilmaz round out the rest of the founding team.

(Aydemir notes that the team left and formed Dream Games in 2019, about a year before Zynga’s full acquisition.)

The other indicators that Dream Games is on to something are its metrics for its limited test run of Royal Match.

Royal Match — in which players are tasked with helping King Robert restore his royal castle “to its former glory” by rebuilding it through a series of match-3 levels and obstacles, with new rooms, royal chambers and gardens making up the different levels of the game — was launched first as a limited test on iOS and Android in the U.K. and Canada in July leading up to this launch. In that time, Aydemir said it saw 1 million downloads and 200,000 daily average users.

“We think the numbers are very promising compared to previous experiences,” he said.

While Aydemir likes to describe Dream as an “entertainment” company, there is a lot of technology going into the product, from the graphics and the mechanics of the puzzles themselves through to the data science behind them.

“If you want to create an iconic game, you need to combine engineering, art and data science together with high quality user acquisition and a strong marketing approach,” he said.

And he believes that when you focus on these it will inevitably lead to quality, which means you no longer have to focus on simply trying to find a hit.

“We don’t like that approach,” he said. “We don’t want to find a hit.”

That was also the mix that Index also wanted to back.

“Building iconic titles requires a harmonious mix of craft, science and flawless execution,” said Index Ventures partner Stephane Kurgan, who led the round together with Index’s Sofia Dolfe. “The Dream Games team has perfected this mix over many years of working together, and has put it on full display in Royal Match. We could not be more excited to work with them in their journey to build the next global casual champion.”

While Dream Games’ long-term ambition is to build out interactive experiences around different audiences and genres, Aydemir said that casual games, and puzzles in particular, have proven to be a huge hit with consumers.

The strength of that trend has up to now meant that puzzle games generally have proven to have more staying power than other genres in mobile games, which have soared in popularity but also somewhat fizzled out.

“Every year we see the bigger market of users growing by 20%,” he said. “It will remain for decades.”

Interestingly, the focus on casual gaming startups in Turkey seems like a perfect storm of sorts. Undeniably, the proven success of Peak has brought in more punters, but it has also shown the way to developers: you can build a successful and global consumer tech startup out of Turkey, and perhaps puzzles — which focus on shapes — are especially good at transcending different language barriers.. Alongside that, Aydemir pointed out that the country is strong on engineers and developers but slim on opportunities with bigger tech companies.

“Mobile gaming is a younger industry, so that presents an opportunity,” he said.

Updated to correct that Index is not an investor in Rovio, and that the limited test had 200,000, not 200, DAUs.

Continue Reading

Uncategorized

Qualcomm veteran to replace Alain Crozier as Microsoft Greater China boss

Published

on

Microsoft gets a new leader for its Greater China business. Yang Hou, a former executive at Qualcomm, will take over Alain Crozier as the chairman and chief executive officer for Microsoft Greater China Region, according to a company announcement released Monday.

More to come…

Continue Reading

Trending