Hi Inside.com Community, We are extending our Republic raise timeline, and we hope readers and investors love the reason. Inside.com Founder and CEO Jason Calacanis shared full details (and a video preview of our social news site) on our Republic campaign page. These are the key details: - Our social news site’s invitation-only beta will open up on Feb. 28, 2022, with early access for all investors, Inside PRO members, and longtime readers.
- The full site launch is slated for the end of March 2022.
- If you want to get in early, we’ll share more soon — so be on the lookout.
For everyone participating in our Republic campaign, we want this extended investment period to allow our members to experience the social site before investing in Inside.com’s future. In the meantime, enjoy the preview of the new site in our video update, and we hope you will be among the first to try it out. Thanks for being readers and investors. - The Inside.com Team | |  Nicolas |  |
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 Alfa Romeo unveiled the production version of its 2023 Tonale compact SUV, which has an available hybrid propulsion system with ~49.7 miles of electric range. Alfa Romeo will issue ownership NFTs for the Tonale, which will record vehicle data. More: - The Tonale includes a 10.25-inch touchscreen using Android OS with Amazon Alexa integration. The vehicle would be able to receive over-the-air updates from the manufacturer via 4G connectivity.
- The new model has Level 2 ADAS capabilities, including adaptive cruise control, lane centering, and traffic sign recognition.
- It will go on sale in the first quarter of 2023.
- Alfa Romeo did not disclose the underlying blockchain technology platform it plans to use.
Zoom Out: - In January, VinFast, in collaboration with AAG Ventures, announced the issuance of NFTs for the electric vehicle reservation process, built on the Harmony blockchain. Vinfast's NFTs serve as a certificate of priority membership for early adopters.
- In December, Ferrari signed a deal with digital firm Velas to create NFTs in relation to its Formula 1 racing team.
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EV charger manufacturer Tritium announced it has chosen Lebanon, Tennessee, as the location for its next facility, where it expects to produce more than 10,000 DC fast-chargers per year. The company plans to install six production lines to manufacture its RTM and PKM150 charger models and estimates production to begin in Q3 of this year. More: - Tritium is expected to receive $7.5B per the Infrastructure Investment and Jobs Act for installing a network of 500,000 EV chargers across the country.
- The company expects to fulfill 500 jobs at the new location. Tritium expects to announce either new facilities or updates to existing sites in Europe in 2023.
- The U.S. and Europe each comprised 43% of Tritium's revenue for the full year in 2021, from 23% and 68% respectively for the 12 months prior to June 30, 2021.
- Tritium stock jumped 39.47% for the day by market close on Tuesday.
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A report by Ernst & Young and industry trade association Eurelectric estimate that Europe will have 130 million electric vehicles on the road by 2035, from its current amount under 5 million. Sixty-five million EV chargers would be needed in Europe, per the report. More: - The consulting firm estimates Europe would have to undergo a $134B investment to fulfill automotive charger demand.
- E&Y expects ~55.9 million of the electric chargers would have to be situated in drivers' homes, while approximately 3.8 million would be needed in workplaces. According to Bloomberg NEF, there currently are 445,000 public connectors across Europe.
Zoom Out: - The U.S. had approximately 113,600 public EV charger outlets as of January of this year, of which 41,300 were in California, per Statista.
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 Ford revealed it has begun deliveries of the E-Transit van, for which it has over 10,000 orders by 300 customers. The E-Transit is part of Ford's $30B electrification plan, which includes the F-150 Lightning. More: - The vans were produced at the automaker's assembly plant in Kansas City, for which it previously invested $100M. The facility is Ford's first to assemble both electric vehicles and batteries on-site.
- Earlier this week, Ford revealed it will temporarily suspend production of the F150 pickup truck due to the ongoing semiconductor supply shortage to prioritize a single shift of the E-Transit vans.
- Ford expects to double its total electric vehicle production capacity to 600,000 vehicles a year by 2023.
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Volvo Cars revealed its plans to invest $1.1B in upgrades to its Torslanda plant in preparation for the production of electric vehicles. The improvements include the introduction of mega casting of aluminum body parts and a battery assembly plant. More: - Torslanda has a manufacturing output capacity of 300,000 vehicles and employs 6,500 people.
- Last week, Volvo and Northvolt selected Gothenburg, Sweden, as their new manufacturing for electric vehicle batteries, which is expected to have a production capacity of 50 GWh.
- Volvo plans to invest up to $3.28B in its electrification strategy plan. The automaker expects 50% of its new car sales to be fully electric by mid-decade and 100% by 2030.
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U.K.-based electric vehicle battery manufacturer Zernobe has secured ~$326.6M in debt restructuring by NatWest for the expansion in the EV fleet sector. Zernobe has a 25% market share of the electric bus charger market in the U.K. More: - The company currently operates a capacity of 175MW in storage assets, powering a fleet of 394 electric buses by operators such as Arriva, Abellio, McGills, National Express, and Stagecoach.
- Zernobe has raised a total of approximately $298.2M since 2017, including ~$203M from Infracapital in November of 2020.
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- Tesla had a full-time employee growth of 40% in 2021.
- Li Auto users drove ~1.2 million miles and XPeng ~2.7 million miles using their respective semi-autonomous systems during the Chinese New Year holiday.
- Subaru announced a partnership with EVGo.
- Ferrari partnered with Qualcomm for the use of its Snapdragon semiconductor products.
- The Mexican Automotive Industry Association expects semiconductor supply to reach pre-pandemic levels by H2 2022.
- Auto supplier Continental is reportedly considering an IPO for its automated driving business.
- Vertical Aerospace signed an agreement with aerospace company Leonardo to develop the carbon composite fuselage for its VX4 eVTOL aircraft.
- Jeep and Razor unveiled their off-roading electric scooter.
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Upcoming events at Inside: - February 09 - Interview with David King Lassman (GigXR) (Register Here)
- February 09 - A Twitter Spaces event with Bored Elon Musk (Register Here)
- February 10 - The Business of Wellness (Register Here)
- February 15 - Venturing in VC - Episode #6 with Marlon Nichols (MaC Venture Capital) (Register Here)
- February 17 - Efficient Marketing Strategies 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)
- February 28 - Inside Investment DAOs with Global Coin Research (Register Here)
- March 10 - NoCode's Impact on the Gig Economy (Register Here)
- March 23 - Need to Know NoCoder: Nichole Bestman (Bubble) (Register Here)
- March 31 - How To Build In Web 3.0 (Register Here)
- April 07 - Blockchain and the Law (Register Here)
- April 14 - Shopping In The Metaverse (Register Here)
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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. | |
Interested in crowdfunding for your next fundraise? Start here. | |
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