Hey readers, Join us for a conversation with Ali Kashani, CEO of Serve Robotics, tomorrow (Thursday) at 2 p.m. ET, as we discuss the startup's journey in the sidewalk robot delivery business. Save your seat here. | |  Nicolas |  |
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 Rivian announced the production of 2,553 vehicles and the delivery of 1,227 units in the first quarter. The EV maker believes the amount of production is in line with its goal to reach 25,000 vehicles built by the end of the year. More: - Since production started in 2021, Rivian has built 3,568 units and delivered 2,147.
- As of March 8, Rivian had approximately 83,000 pre-orders, not including the 100,000 EDV van orders from Amazon.
- Rivian generated $55M from 920 vehicle deliveries in 2021. The automaker had a net loss of $2.4B for Q4 and $4.68B for the year.
- Rivian stock was down 4.63% for the day and 22.26% WoW on Wednesday morning.
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Norway has reached a new record in EV adoption, as 82% of new vehicle sales were battery-based vehicles in Q1. Norway plans for all its circulating vehicles to be electric by 2025. More: - In 2021, 64.5% of all new vehicle sales in Norway were fully electric models, increasing 10% from 2020.
- In March, 86% of new vehicle sales were electric, with the Tesla Model Y being the most popular with a 20.4% market share at 3,305 units.
- The Model Y was followed by the Tesla Model 3 at 10.4% market share and 1,696 units, and the Volkswagen ID.4 with a 6.8% market share and 1,111 units sold.
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 A message from MALWAREBYTES Top trends in remote work and collaboration. Remote work has changed our use of tools across cloud collaboration, cybersecurity, backup, and other solutions. We asked people who look after security* for their organizations what is changing in their environment: - 78% report an increase in the use of cloud storage platforms
- 76% saw in increase in the use of video conferencing
- 73% noted an increase in the use of identity management and cloud access tools
- 72% reported an increase in the use of instant messaging
- 71% noted an increase in the use of cybersecurity and antivirus tools
There has never been a better time to get your team’s data, devices and servers protected. Scan, clean and protect all your devices and servers in one easy-to-use console. During our Spring Sale, save 25% for a limited time. Compare Savings *Malwarebytes 2022 Still Enduring From Home report
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 Nissan revealed it has been selected to build a Lunar Terrain Vehicle for NASA's missions to the moon. The automaker will work with Terradyne Brown Engineering, which built the original lunar rover in the 1960s, and Sierra Space, which previously made the Dream Chaser cargo spaceplane. More: - In December, Nissan had announced the prototype for a lunar vehicle co-developed with the Japan Aerospace Exploration Agency.
- Sierra Space will provide the flight software, navigation, and communication to the vehicle, while Terradyne plans to work on engineering, manufacturing, program management, power systems, integration, and operations.
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On Wednesday, Porsche announced its plans to invest $75M into the production of electrofuels, a synthetic form made by storing energy from renewable sources in the chemical bonds of liquid or gas fuels. Porsche expects the investment to complement its goal to have electric vehicles comprise 80% of its new models by 2030. More: - Porsche will receive a 12.5% stake in Chile-based e-Fuel facilities holding company HIF Global.
- The sports car maker is working with Siemens and ExxonMobil on the production of e-fuels from hydrogen and carbon dioxide from wind energy produced in Punta Arenas, Chile.
- HIF Global expects to build e-fuel facilities in the U.S. in 2023, followed by additional sites in Chile and Australia.
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 A message from MASTERWORKS Millionaires are Falling in Love with This “Can’t Live Without” Investing App Masterworks lets you invest in the booming art market. You don’t need to be a millionaire to sign up. In fact, membership is free. Investing in art isn’t a new concept. The ultra-wealthy have collected art for centuries. Just ask Bill Gates, Oprah Winfrey, and Jeff Bezos—all invest hundreds of millions in art. Here’s Why: - Real assets like art offer protection from high inflation
- The global value of art expected to grow by 53% by 2026
- Blue-chip art prices outpaced the S&P 500 by 164% from 1995-2021
With Masterworks, app valued at $1 billion, you can invest in works by icons like Picasso, Warhol, and Basquiat for a fraction of the cost. But don’t wait. Their offerings sell out quickly. Recently, their new $7.4M Banksy painting sold out in less than three hours. And with over 360,000 active users, demand is clearly high. Luckily for you, Inside subscribers skip their waitlist *See important Reg A Disclosures
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New passenger car sales dropped 14% in the U.K., making it the weakest March since 1998. The Society of Motor Manufacturers and Traders attributes the drop in sales to the global semiconductor shortages, rising fuel prices, and further issues in the supply chain stemming from the war in Ukraine. More: - Historically, approximately 20% of a year's new car registrations occur during the month of March, which may signal a long-term industry impact, per the SMMT.
- Battery electric vehicle sales rose 79% YoY to 39,315 in the U.K., accounting for ~16% of total sales, reaching a monthly record.
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EV battery manufacturer CATL has confirmed a second partial approval for production at its first manufacturing plant outside China, in Thuringia, Germany. The permit would allow the battery company to have an initial production capacity of 8 GWh per year. More: - Construction of the site began in 2019 and is currently in its final stage, with production start expected by the end of 2022.
- CATL plans to scale production to a capacity of 14 GWh through an investment totaling $1.96B.
- Last month, CATL revealed it is scouting locations for a $5B manufacturing plant in North America.
Zoom Out: - In March, CATL announced its plans to build a zero-carbon production facility in Sichuan province, China.
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Quick Hits: - Lexus revealed images of its first fully-electric vehicle with a yoke steering wheel.
- Shared scooter company Voi launched long-term rentals in the U.K.
- The U.S. House of Representatives Oversight Committee questioned USPS over the contract with Oshkosh Defense for gasoline-powered vehicles.
- Aircraft developer ZeroAvia announced it has signed a memorandum of understanding with ZEV Station for the development of hydrogen fueling stations in regional airports in California.
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Upcoming events at Inside: - April 06 - Entertainment in the Metaverse (Register Here)
- April 07 - Building Last Mile Startups: Sidewalk Robots with Ali Kashani (Serve Robotics) (Register Here)
- April 12 - Venturing in VC: Episode #15 with Katelin Holloway (Seven Seven Six) (Register Here)
- April 13 - Achieve 1M+ Record/Second Kafka Ingest without Sacrificing Query Latency. (Register Here) *
- April 14 - Shopping In The Metaverse (Register Here)
- April 26 - Need To Know NoCoder - Gautam Nimmagadda (Quixy) (Register Here)
- April 28 - Alternative Investments 2: Crypto Safety Standards (Register Here)
- May 12 - Making Metaverse Dating a Reality (Register Here)
- May 19 - Understanding Fractionalization (Register Here)
- May 20 - Need To Know NoCoder: Jatin Arora (Utilize) (Register Here)
- May 24 - Meet Our Fund 3 (Register Here)
- May 31 - Ethereum Merge with Anthony Donofrio (Ethereum) (Register Here)
- June 01 - Selling Consumer Goods in Web3 (Register Here)
*This is a sponsored event listing.
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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. | |
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Did you know contemporary art outpaced the S&P 500 by 164% from 1995-2021? Now you do. Get access | |
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