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| Hey Insiders — Today we're bringing you the latest on JetBlue and American Airlines' Northeast Alliance and a traffic management startup's Series B. Scroll down for our regional spotlight, this week focusing on Norway's EV space. Let us know which areas you would like us to cover next. Thanks for reading! Nicolas
p/mobilitynerd | |
| 1 | | JetBlue announced it plans to end its participation in the Northeast Alliance with American Airlines following a federal judge's order for its dissolution. American Airlines, however, plans to appeal the decision. More: - The court's ruling came as a result of a 2021 lawsuit by the Department of Justice, six states, and the District of Columbia, which deemed the regional codesharing agreement as anti-competitive.
- JetBlue stated that it would turn its focus to its proposed merger with Spirit Airlines. The airline was selected to acquire Spirit after a bidding war against Frontier Airlines in July 2022.
- The DOJ also sued to block the JetBlue-Spirit merger due to anti-trust concerns.
- $JBLU closed up 3.67%, while $AAL closed 1.22% for the day on Wednesday.
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| 2 | | NoTraffic, a Tel Aviv-based AI traffic management platform, announced it raised a $50M Series B led by M&G Investments. The startup works on hardware and software solutions for intersections based on real-time data. More: - NoTraffic develops sensors, capturing data from connected and autonomous vehicles to capture the movement of vehicles and pedestrians on the road.
- The company plans to use the funds to expand to Italy, Germany, the U.K., and Japan.
- NoTraffic recently signed its 100th transportation department customer in North America. It is currently operating in 13 states, including Arizona, California, and Texas.
- The round included participation from UMC Capital and VNV Global, in addition to recurring investors Next Gear Ventures, North First Ventures, and Grove Ventures, among other firms.
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| 3 | | 90.9% of new vehicles in Norway were plug-in models in June, up from 89.9% a year ago. Battery-electric models comprised an 82.2% market share, increasing by 9% YoY to 12,801 units. More: - Year-to-date, new BEV registrations are up 2%, constituting a market share of 83.1%.
- When including plug-in hybrid vehicles, however, the total decreased by 1% to a 90.1% YTD market share.
- The best-selling vehicle in Norway was the Tesla Model Y, accounting for a 20.1% market share with 3,127 vehicles in June.
- The Model Y is followed by the Volkswagen ID.4 with a market share of 7.6% and the Skoda Enyaq with 4.9% for the month.
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| 4 | | Nikola is liquidating the battery manufacturer it acquired in August 2022, Romeo Power. The truck maker had purchased the company for $144M in an all-stock deal. More: - Nikola will retain the license for the battery technology used in the Tre BEV.
- After the acquisition of Romeo Power, the truck manufacturer said the reduction of battery costs would take five quarters, as the battery company had been discounting $110,000 per pack.
- Romeo failed to deliver its commitments to Lion Electric and Lightning eMotors, which in turn sued Nikola for, at first, allegedly attempting to raise prices by 65% and then canceling the contracts.
- Nikola will retain the license for the battery technology used in the Tre BEV.
- In Q2, the company sold 66 Tre BEV trucks and produced 33.
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| 5 | | Siemens signed a deal to provide supply metering and commissioning services to three EV charging companies in the U.K., Be.EV, Evyve, and Blink Charging. The partnerships would include 10,000 charging points over the next four years. More: - The partnerships stem out of a delay on the part of energy companies to provide metering technology.
- Siemens had previously signed a metering services deal with Osprey in January.
- The agreements include meter financing, data services, installation, maintenance, and fault resolution.
- Blink Charging stock was up on the news, closing at +2.11% for the day and 16.67% WoW, on Wednesday.
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| 6 | | Researchers at the University of California, Berkeley, are proposing the possibility of using battery systems in electric trains to transfer power to the grid. The researchers suggest that rail-based mobile energy storage could save $300 per kW per year in transmission line costs and $85 per kW per year in stationary battery capacity. More: - The U.S. railway system spreads across 137,000 miles, including transmission-congested regions.
- A single train has 1 GWh of battery storage capacity, the equivalent of 1,000 semi-trucks.
- "While no known technical barriers exclude RMES from grid participation, addressing interconnection challenges and revising regulatory frameworks is necessary for deployment at scale," reads the paper published in Nature Energy.
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- Alef Aeronautics received a Special Airworthiness Certificate from the Federal Aviation Administration that enables the company to test its flying car.
- General Motors' Ultium battery plant in Ohio restarted production after a brief pause related to an issue with emissions equipment.
- SpaceX successfully launched the Euclid Space Telescope on behalf of the European Space Agency, lifting off Cape Canaveral Space Force Station.
- Electric scooter companies Lime and Tier Mobility expressed their opposition to Italy's proposed mandatory helmet rule.
- Honda and Acura are recalling a total of 124,077 vehicles due to a potentially improperly assembled part in the brake system. Among the recalled models are 2020 and 2021 versions of the Honda Civic and the 2020 Acura MDX.
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 | Sr. Analyst | | Nicolas S. is a Sr. Analyst at Inside, covering transportation and startup trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. Follow him at @MobilityNerd. | | This newsletter was edited by Aaron Crutchfield | |
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