Mobility company Bolt, formerly known as Taxify, has raised a $711M Series F, led by Sequoia Capital and Fidelity. The new round brings Bolt's valuation to $8.4B, from $4.75B in August. More: - The mobility company claims 100 million customers across 45 countries in Europe and Africa.
- In 2021, Bolt launched a 15-minute delivery service in Estonia. It currently operates the service with dark stores in 10 countries.
- In October, Bolt became the largest operator by number of markets of shared electric scooters in Europe. The company grew its fleet by approximately 30% to a total of 50,000 e-scooters in 130 cities, including Berlin, Frankfurt, Lisbon, Madrid, Oslo, and Stockholm.
- The new round included participation from Whale Rock Capital, G Squared, Owl Rock Capital, Tekne, and D1 Capital Partners.
- Bolt has raised $2B since 2017.
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Peer-to-peer car-sharing app Turo has filed an S-1 with the SEC to go public. According to the company, it has approximately 161,000 active vehicles on its network in 7,500 cities. More: - In the first nine months of 2021, Turo generated $330M in revenue and a gross profit of ~$170M.
- Turo claims 32% of total days booked by guests consisted of seven to 30 days in length, and 4% of booked days were greater or equal to 30 days.
- 1.3 million Turo users made bookings in the first nine months of 2021.
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Tesla has achieved a new record for monthly vehicles manufactured at Gigafactory Shanghai, with 70,847 vehicles in December. Just 245 vehicles were exported, while the rest were sold domestically. More: - Total vehicles made at Giga Shanghai for the year reached 473,078, comprising 50.5% of Tesla's global vehicle output for 2021.
- 160,000 Tesla vehicles made at Giga Shanghai were exported outside China.
- Tesla stock was up 0.59% for the day on Tuesday afternoon.
Zoom Out: - In December, NIO delivered 10,489 electric vehicles in China, a 49.7% YoY increase, while XPeng sold 16,000. Volkswagen sold 13,787 ID models for the month in China.
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Boeing revealed its numbers for the fourth quarter of 2021, which included 99 aircraft deliveries for a total of 340 for the year. The manufacturer delivered 84 737 aircraft in Q4, for a total of 263. More: - The remaining orders delivered for Q4 included three 747, eight 767, and four 777 aircraft.
- The total deliveries for Boeing amount to 340, while Airbus delivered 611 aircraft in 2021, up 8% YoY.
- In the first 11 months, Boeing's orders originally totaled 829; however, the number decreased to 400 due to cancellations due to the COVID impact on airlines.
- Last week, Boeing received an order of 50 737 MAX from Allegiant Air and four Boeing 777s from Atlas Air.
- Boeing stock was up 3.21% for the day on Tuesday afternoon.
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Tesla signed an agreement with Talon Metals Corporation to source nickel from the Tamarack mine in Minnesota. The electric vehicle company has a plan to purchase 75,000 tons of nickel in the next six years. More: - Elon Musk has repeatedly voiced his concerns over nickel production and supply, as demand from the electric vehicle sector continues to rise. "This project has the promise to accelerate the production of sustainable energy products in North America," said Drew Baglino, the senior vice president of powertrain and energy engineering at Tesla.
- Talon plans to use technology that would let it bond carbon dioxide from the atmosphere to rocks to permanently store it, allowing its nickel production to claim carbon neutrality.
- In October, Tesla signed a deal to source with the Prony Resources consortium to source nickel from New Caledonia, where they are aiming to extract 44,000 tonnes of nickel by 2024. In July, Tesla signed a deal with BHP Group for nickel from Western Australia.
- Tesla has been moving toward the localization of materials sourcing. In December, the company signed an agreement with Syrah Resources for battery-ready graphite that undergoes processing in Vidalia, Louisiana.
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Vehicle tech company Magna has acquired autonomous shuttle company Optimus Ride for an undisclosed amount. Magna announced it will use the startup's technology to accelerate the capabilities of its advanced driver-assistance systems. More: - Magna plans to retain Optimus Rides' 120 engineers, as well as the startup's intellectual property.
- Optimus Ride had developed a six-passenger, six-door shuttle with 360-degree sensing, machine vision, and HD maps.
- Magna had previously attempted to acquire AV-tech company Veoneer, but Qualcomm successfully bid 18% higher at $800M.
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- Tesla unveiled an updated Model S version with CCS charge ports.
- Rivian revealed it produced 1,015 vehicles and delivered 920 units in 2021.
- Rivian filed a trademark for electric bikes.
- Kia sold 701,416 vehicles in the U.S. in 2021, an increase of 19.7% YoY.
- Auto parts supplier Aptiv plans to acquire software company Wind River for $4.3B.
- Bugatti unveiled its electric scooter.
- The City of Montpellier canceled an order of 50 hydrogen fuel-cell buses.
- United Airlines revealed that 4% of its U.S. workforce is currently positive for COVID-19.
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| | 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. | |
Transcend is the privacy platform that makes it easy to encode privacy across your tech stack. | |
Join our Refresh Miami panel of experts to learn what is Web3 and why it matters to your business. | |
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