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| Hi Insiders, In today's Transportation newsletter, we delve into: - Shell's EV charging expansion
- Joby's new Midwest factory
- Roam's latest electric bus offering
If you find this newsletter helpful, please share it with a friend or colleague. Thanks for reading! Robel
p/Robel-Kelkile | |
| 1 | | Joby Aviation announced Dayton, Ohio, as the location for its first large-scale electric aircraft factory. The company plans to invest up to $500M to offer air taxi rides by 2025. More: - The new factory at Dayton International Airport will cover 140 acres and marks a significant expansion from the company's California pilot production line.
- Construction will commence next year, with aircraft production slated to begin in 2025, pending FAA approval.
- State and local economic programs have offered incentives and benefits totaling over $325M to attract Joby Aviation to Dayton.
- The Santa Cruz-based company will produce up to 500 electric vertical take-offs and landing (VTOL) aircraft annually at this new facility.
- Joby's stock was up 4% on the news.
Q: If Joby receives FAA approval, would you be among the first to try their air taxi, and if not, would you ever consider it? Join the conversation here. |     | |
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What the numbers say: As electric vehicles (EVs) continue to gain traction worldwide, Chinese EV manufacturers are rapidly approaching parity with traditional combustion engine vehicles. The Wuling Mini EV, priced at 32,000 yuan or $4,388, nearly matches the cost of the cheapest combustion engine vehicle, the Chery QQ Ice Cream, at 29,990 yuan or $4,112.95. Relevance: This convergence in pricing coincides with a strategic move by Chinese EV leaders to expand their global production presence, with a strong focus on Europe. Why it matters: UBS reported that the European market's immense size and the rapid adoption of EVs, expected to reach 100% of sales by 2035, are poised to catalyze the international expansion efforts of Chinese EV manufacturers. | | | |
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| 3 | | Airbus, Barclays Sustainability Impact Capital, and NEOM co-led ZeroAvia's latest financing round, focusing on hydrogen aviation. The investment amount remained undisclosed but aims to advance ZeroAvia's hydrogen-electric engine technology and certification. More: - Participants in the funding round include Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures, and Amazon Climate Pledge Fund.
- The company plans to work on certifying its first hydrogen-electric engine, the ZA600 600kW system.
- The funding will support the development of a larger engine program, the ZA2000, for commercial use.
- ZeroAvia had previously raised $56M in its Series A funding round and $72M in its Series B round.
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| 4 | | Ryvid announced it will begin shipment in the U.S. for its electric motorcycles following a year of anticipation. Priced at $7,800, the Ryvid Anthem is among the U.S. market's most affordable highway-capable electric motorcycles. More: - The Ryvid Anthem has a top speed of approximately 75 mph and a maximum range of 75 miles.
- The innovative design permits riders to adjust their bike's geometry at home, eliminating the need for frame replacements.
- The motorcycle can be raised or lowered by up to 4 inches while in motion, offering customizable rider comfort.
- The 4.3 kWh lithium-ion battery pack includes a built-in 3.3 kW charger and is removable with integrated wheels for easier handling.
Zoom Out: - The Ryvid Anthem exemplifies a trend in the electric motorcycle industry towards innovative design, affordability, and user-friendly features to cater to urban commuters and enthusiasts seeking customization and convenience.
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| 5 | | Kenyan EV startup Roam has unveiled its new electric shuttle bus model, Move. Roam has received orders for 50 Move buses, with deliveries set to begin in February next year, and plans to expand production and charging infrastructure to meet growing demand. More: - The Move bus is a 42-seater model with a range of 200 kilometers and will carry 52 passengers.
- Each Move bus is priced at $135,000, and Roam aims to produce 40 monthly units at total production capacity.
- Kenya has been actively promoting EV adoption through measures such as a zero-rated supply of electric buses and bicycles, exemptions from excise duty for imported and locally assembled motorcycles, and special power tariffs for charging.
Zoom Out: - Despite these efforts, electric mobility adoption in Africa faces challenges, including weak electricity grids, inadequate charging infrastructure, and high EV acquisition costs.
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| 6 | | Shell has launched its largest electric vehicle (EV) charging station globally in Shenzhen, China, adjacent to Shenzhen airport. The station has 258 charging points and solar panels capable of generating 300,000 kilowatt-hours annually, operated as a joint venture between Shell and Chinese EV company BYD. More: - Shell manages approximately 800 EV charging stations in China through joint ventures or wholly-owned subsidiaries.
- Globally, Shell offers over 40,000 public charge points at various locations and aims to increase this number to around 200,000 by 2030.
- In March 2022, Shell and BYD entered into a strategic cooperation agreement to support the energy transition and enhance EV charging experiences for customers.
- The move comes as Shell looks to address the diverse energy and mobility requirements of drivers.
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- Lyft has agreed to a $10M settlement to resolve an investigation into the sale of Carl Icahn's stake before its initial public offering (IPO).
- Advisers to electric van manufacturer Arrival have informed potential buyers that any acquisition must be swiftly executed due to the company's immediate financing needs.
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INSIDE TRANSPORTATION LEADERBOARD (7 DAYS) |
 | Writer | | Born and raised in the Bay Area, Robel is passionate about all things tech, venture, and financial education. He has previously served both universities and state governments in their engagement strategy and tracking legislation. | | This newsletter was edited by Aaron Crutchfield | |
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 | Segment is an API-first analytics solution that empowers 15,000+ startups to scale their data infrastructure. | |
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 | Amplitude customers saw 217% ROI in The Total Economic Impact™ of Amplitude. | |
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