 Uber announced it is reintroducing the option for shared rides in the U.S. The ridesharing company had previously paused Uber Pool in March 2020 due to the pandemic. More: - UberX Share is now available in cities across the U.S., including New York City, Los Angeles, Chicago, San Francisco, Phoenix, San Diego, Portland, Pittsburgh, and Indianapolis.
- The option will reduce 20% of the total fare if the user is matched with a co-rider along the route. Uber has limited the arrival time to no more than eight minutes later than a regular UberX ride.
- Lyft reintroduced shared rides in July of last year after a pandemic pause for the option.
Zoom Out: - Uber had a 35% YoY increase in gross bookings in Q1, generating $26.4B.
Note: Inside.com's founder and CEO, Jason Calacanis, is an investor in Uber.
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 Turntide Technologies, which develops magnet-free motors for the transport and agriculture sectors, announced it has raised $80M. The company has reached a $2.24B post-money valuation. More: - Turntide works on electrification solutions for trucks, buses, performance sports cars, and rail, among other areas. The company claims to have saved over 142,860,000 KWh of energy, the equivalent of over 4.2 million gallons of gas.
- The new round included participation from OGCI Climate Investments, SDCL Energy Efficiency Income Trust, and follow-on investments from Fifth Wall and Meson Capital.
- The company has raised a total of $485M. Other backers include Amazon's Climate Pledge Fund, JLL, BMW i Ventures, Breakthrough Energy, and the Canada Pension Plan Investment Board, among others.
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 A message from VELOCITY GLOBAL HR leaders face unprecedented challenges keeping teams happy, following a shift to remote work and an added emphasis on mental well-being in the office. Now, employees are leaving companies who cannot adapt to the quickly changing tides, and employee retention is a top priority for many HR teams. Velocity Global’s guide to global employee retention includes 18 proven strategies that keep your workforce engaged and, more importantly, on board. In the guide, you will learn: - Why employees are leaving jobs in record numbers
- Effective strategies to keep employees engaged
- The benefits of remote work for retention
Read the guide
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The German government revealed it does not agree with the European Union's plans to ban the sale of internal combustion engine cars starting in 2035, per finance minister Christian Lindner. The EU Parliament had voted earlier this month in favor of the ban. More: - The vote took place prior to negotiations with individual countries in the bloc. Lindner argues the ban "was wrong" and that there would continue to be niches for ICE-based vehicles.
- Passenger cars constitute 12% of the EU's greenhouse gas emissions.
- Currently, car manufacturers in the EU have a requirement to lower CO2 emissions by an average of 37.5% versus 2021 levels by 2030.
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 On Tuesday, Redwood Materials revealed it is partnering with Toyota Motor on electric vehicle battery recycling as part of a closed-loop supply chain. The companies will begin recycling batteries from early Prius models. More: - The companies aim to reduce battery costs, given the recent increases in material costs.
- While the battery recycling for Toyota will take place in Nevada, Redwood Materials is seeking to build a new facility near the automaker's first U.S. battery plant to be located in North Carolina.
Zoom Out: - In February, Redwood began recycling battery packs for Volvo Cars and Ford.
- Redwood expects to produce anode and cathode components for more than 1 million electric vehicles per year by 2025.
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 A message from ADOBE COMMERCE Losing your head could be exactly the right move. In commerce, you need to be smart. But you don’t always need a head. To choose the right type of architecture for you — headless, commerce-led, experience-led, or hybrid — you must know the facts. Start with the basics by reading our e-book, Headless Commerce Primer for the Enterprise. Headless commerce is going through a surge in popularity. With separate back and front ends, this style of architecture makes it easy to create personal, consistent, and scalable experiences. But that doesn’t mean it’s for everyone. Get to know your options — headless, commerce-led, experience-led, or hybrid — to find out what’s right for you. Read Now
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BMW Group plans to invest ~$1.05B by 2030 to manufacture electric drivetrains at its manufacturing facility in Steyr, Austria. The automaker expects to produce over 600,000 units per year. More: - BMW estimates that 50% of its 4,400 employees at the facility will be dedicated to electric drivetrains.
- The automaker will install two assembly lines to build the rotor and stator, inverter, transmission, and the e-drivetrain's housing. Current areas of production will be refurbished, in addition to a new two-story building for assembly lines and a second structure for logistics.
- BMW did not specify the models that would include the new drivetrains; however, the Neue Klasse is expected to be on sale by 2025.
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DHL Express' Singapore unit revealed its plans to invest $5.8M in the electrification of its fleet over the next five years to meet the city-state's net zero-emission goals. DHL will add 80 electric vehicles by October in Singapore. More: - Singapore aims to phase out fuel-based vehicles by 2040, and it plans to allow the sales of only hybrid and zero-emission vehicles starting in 2030.
- The courier plans to avoid the release of 323 tons of CO2 emissions per year by replacing its ICE-based vans with the lease of EVs from ComfortDelGro Corp. The vans will have a range of 210 miles with a maximum payload of 2,200 pounds.
- DHL plans to install 105 charging points across its service centers in the city-state.
- OTC shares of Deutsche Post DHL Group were up 0.78% for the day on Tuesday morning.
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Quick Hits: - Learn why many SMEs are pivoting away from perimeter-based security to a Zero Trust model.*
- Australia-based mining company Core Lithium revealed its first shipment of spodumene concentrate, a lithium-bearing material, to Tesla is expected by the end of the year. The project is expected to provide the EV maker with 110,000 tons of the material over four years.
- Desktop Metal revealed its plans to unveil a 3D-printed heat-enabled foam that would be used in automotive seats, among other products. Desktop Metal has BMW, Toyota, and SpaceX among its clients. "You can cut the weight of a seat by two-thirds," said Ric Fulop, founder and CEO of Desktop Metal.
- Tier Mobility is deploying its first full-scale e-bike operations in Ireland, with an initial fleet of 100. The operating area will encompass the localities of Blanchardstown, Swords, Malahide, Baldoyle, Portmarnock, and Howth, with plans for further expansion.
- The airport in Melbourne, Australia, reached 2.11 million passengers in May, of which 367,681 were international passengers. While its international passengers decreased by 57% Yo3Y, the total count reached 73% of 2019 levels.
- Adobe tools help you create, manage, and distribute personalized content. Take this self-assessment to test your brand's content velocity.*
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Upcoming events at Inside: - June 22 - AMA with Daniel Stedman (Pressto) (Register Here)
- June 30 - HR Strategies to Retain Remote Employees (Register Here)
- July 20 - The Rise of Metaverse Gaming (Register Here)
- July 27 - Need To Know NoCoder - Yassine Tahi (Kinetix) (Register Here)
- August 17 - Build Your Diversified Portfolio: How To Invest in Bear Markets (Register Here)
- September 14 - Are Electric Cars Worth It? (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. | |
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