 On Tuesday, transportation company Via announced it has filed an S-1 form with the SEC for an initial public offering. The company operates general transportation in Arlington, Texas, with 68 vehicles, and provides micro-transit services in Birmingham, Alabama, with six vehicles, and Jersey City, with 26 vans and SUVs More: - In late November, Via raised a $130M Series G, led by Janus Henderson, at a post-money valuation of $3.3B. The company has an annual run rate of $100M, twice the amount from 2020.
- In March, the transportation company acquired Remix, a platform for public transit route design and new mobility management, for $100M.
- Earlier this year, Via began offering on-demand autonomous ride-hailing in the downtown and University of Texas area in Arlington through a collaboration with May Mobility.
| |
Berlin-based DeliveryHero announced it will exit six cities in Germany and divest from Foodpanda Japan in Q1 2022, as it shifts its focus to quick delivery markets. "It has become increasingly difficult to create true value for our ecosystem in these countries," said Niklas Östberg, DeliveryHero's co-founder and CEO. More: - DeliveryHero plans to exit Cologne, Düsseldorf, Frankfurt, Hamburg, Munich, and Stuttgart while retaining a product hub in Berlin.
- In October, DeliveryHero invested $235M for 8% of Berlin-based 10-minute delivery company Gorillas. The quick commerce company was founded in 2020 and had reached a $300M revenue run rate within a year of its inception.
Zoom Out: - In May, Gorillas began operating in New York City, where Buyk, a 15-minute grocery delivery startup, launched in September.
- In November, GoPuff launched 24-hour service in the U.K. after acquiring London-based 10-minute delivery startup Dija and 30-minute drinks and snacks delivery app Fancy.
| |
 A message from KINTONE Tired of playing hide-and-seek with your data? You’ve probably been there–flipping between data applications, spreadsheet tabs, and your inbox for a piece of data you know you have…somewhere. A RingCentral report found two-thirds of workers waste over an hour each day navigating between software apps. That’s nearly half a day each week, or 32 days per year! In the competitive business landscape, companies need task-specific software to quickly complete tasks. But are more business apps really what we need to do our best work? At Kintone, we don’t believe you have to choose between custom software and scattered data to be productive. Download our free eBook, Too Much Software: How Too Much Software Can Kill Your Productivity, to learn more about the causes and consequences of software overload. CLAIM YOUR FREE EBOOK
| |
 Shared scooter company Voi revealed it has raised a $115M Series D led by Raine Group and VNV Global. Voi claims a year-over-year growth of 140% in 2021. More: - Voi will begin its plans for a potential initial public offering, per a company spokesperson.
- The micro-mobility company has raised a total of $515.6M since 2018.
- Voi operates in 70 markets in the U.K. and Europe.
- Voi committed to sourcing its batteries exclusively from Europe, which the company claims will result in a 50% reduction in its footprint by 2023.
Zoom Out: - Earlier this week, Voi removed part of its fleet in Bristol, U.K., after a fire from a lithium-ion battery in a user's home.
- In October, Voi competitor Tier Mobility raised a $194.2M Series D, led by the Softbank Vision Fund.
| |
 Aqua superPower, an operator of charging networks for marine vehicles, signed a strategic partnership with Tritium Holdings to reduce charging times with its DC technology. Aqua currently operates charging stations in Côte d'Azur, including Monaco, Cannes, and St. Tropez. More: - Aqua has AC and DC stations with a current maximum output of 150 kW. The Tritium-enabled stations will include twin CSS ports.
- The charging stations are rated IP65, meaning they are completely enclosed from dust ingress and protected from water jets in all directions.
- Aqua plans to add 150 charging locations in 2022.
Zoom Out: - Tritium plans to merge in January with special purpose acquisition company Decarbonization Plus Acquisition Corp. II ($DCRN).
- The market size for marine batteries is projected to grow from $374M in 2021 to $1.89B by 2030.
| |
 A message from ROOFSTOCK Diversify your portfolio with Roofstock One. Accredited investors can explore this innovative way to add the single-family rental (SFR) asset class to their portfolios. Choose Tracking Stocks of targeted portfolios with allocations across markets or Common Stock for maximum diversification. For a limited time, invest for as little as $1,000.* Explore an all-new way to invest at roofstock.com/one. * This limited-time $1,000 minimum investment period ends at 11:59:59 pm PT on December 31, 2021, after which the minimum investment will be $5,000. Get Started Today Roofstock One is not a registered advisor, broker, dealer under the U.S. Securities Act of 1933 as amended. Offerings are not registered and are available only to accredited investors. The investments can lose value, are speculative, and are not suitable for everyone. Read offering materials at www.roofstock.com/one and confer with an advisor before investing. Diversification cannot ensure a profit or prevent loss; it’s a strategy to mitigate risks.
| |
General Motors revealed its plans to expand the application of its electric battery tech to other applications, including the conversion of previous Chevrolet models, tailored powered solutions, and marine propulsion. General Motors has built proof-of-concept vehicles, replacing internal combustion engines with fully electric propulsion systems, including the Chevrolet E-10 pickup truck, eCopo Camaro, K-5 Blazer E, and Project X. More: - General Motors plans to electrify Textron's GSE TUG baggage and cargo tractors through lithium-ion electric powertrains.
- Last month, GM revealed its plans to acquire a 25% stake in Pure Watercraft, an electric boat manufacturer that developed silent propulsion and modular battery packs.
- GM estimates the total addressable market for electrification components will reach $20B by 2030. It plans to invest $35B in electric and autonomous vehicle technology by 2025.
- $GM was up 2.07% for the day on Wednesday afternoon.
| |
 Mapping company TomTom has signed an agreement with Volkswagen's software unit CARIAD to co-develop online/offline navigation technology for the automaker across its markets, except China. The first models to feature the new technology are planned for 2023. More: - The technology would work by utilizing TomTom's real-time traffic solution and switching to the onboard software when the connection is lost. VW expects its vehicles that utilize the tech to have more precise routing and range information.
- CARIAD expects to connect 40 million VW vehicles globally to the automaker's cloud.
- Besides VW, TomTom has worked with BMW, Daimler, Fiat, Renault, and Subaru, among others in the automotive sector.
| |
Quick Hits: - Trust is the community-powered corporate card. Learn from each other’s spending patterns, get trusted advice, and increase your buyer. 100% free.*
- Tesla submitted final environmental approval documents to begin production at Gigafactory Berlin.
- Karat Packaging ordered 10 Tesla Semi trucks.
- Goodyear revealed an ElectricDrive GT replacement tire specific for the Tesla Model Y.
- The European Commission approved $2.88B in aid for TAP Air Portugal.
- Energy companies Enel and Eni signed an interoperability agreement for electric vehicle charging stations.
- Maersk plans to buy Hong Kong-based LF Logistics firm for $3.5B.
- Sun Country Airlines pilots signed a four-year deal with Amazon Air.
- Spend less time fundraising and more time building your business. Apply now to get started.*
*This is sponsored content.
| |
Upcoming events at Inside: - December 29 - Need to Know NoCoder - David Siegel (CEO - Glide) (Register Here)
- January 04 - Venturing in VC with Landon Campbell (Episode #1) (Register Here)
- January 05 - DAOs and the intersection of tech & media with Kinjal Shah (Blockchain Capital) (Register Here)
- January 06 - Augmented and Virtual Reality with Timoni West (VP of AR/VR at Unity) (Register Here)
- January 11 - The Business of Interactive Gambling with Jon Kaplowitz (Penn) (Register Here)
- January 13 - Education within the Metaverse with Steve Grubbs (VictoryXR) (Register Here)
- January 25 - Need To Know NoCoder - Leon Young (Cogniss) (Register Here)
- January 27 - Understanding the Metaverse (Register Here)
- February 03 - Blockchain Gaming & Play-to-Earn Economies (Register Here)
- February 10 - The Business of Wellness (Register Here)
- February 17 - Customer Acquisition in a post iOS 14 world (Register Here)
- February 23 - Need to Know NoCoder: Derya Sousa (Kianda Technologies) (Register Here)
- February 24 - Alternative Investments (Register Here)
- March 03 - The $12B Appetite for Amazon Aggregators (Register Here)
| |
 |  | Written and curated by Nicolas Saravia, an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped start-ups. |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
| |
With Roofstock One, accredited investors can explore the single-family rental (SFR) asset class. | |
Comments
Post a Comment