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| 1 | | Hertz announced a public-private partnership with New York City, where it seeks to add more than 1,700 electric vehicles to its rental fleet. The rental car company plans to create 100 new jobs in the city. More: - As part of the program, Hertz will donate five EVs for local training. This follows similar programs by Hertz in Atlanta, Denver, Houston, and Orlando.
- Hertz is collaborating with BP Pulse on installing 150kW+ public fast-charging stations across New York City, starting in Midtown Manhattan.
- The company recently announced it will start providing full access to rented Teslas via the automaker's mobile app.
- In October 2021, Hertz announced plans to purchase 100,000 Tesla vehicles.
Q: Would you be more willing to rent a car if it was electric? Join the conversation here. |     | |
| 2 | | VinFast reported a net loss of $526.7M for the second quarter, constituting an improvement of 8.2% YoY. The company sold 9,535 electric vehicle units in Q2, up from 1,780 in Q1 and 1,789 in Q2 2022. More: - The automaker generated a total of $314.6M in vehicle sales revenue, increasing by 147% YoY.
- VinFast had $67.3M in cash and equivalents by June 30.
- The company sold 10,182 e-scooters in Q2, up from 9,757 units in Q1 but down from 15,299 in Q2 2022.
- The Vietnamese automaker is planning to launch dealerships in Indonesia, where it plans to invest up to $1.2B to produce between 30,000 and 50,000 vehicles annually by 2026.
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| A message from our sponsor, Amplitude. |  | | Amplitude customers saw 217% ROI & more What's the ROI of understanding how customers use your products? See how Amplitude users achieved a 217% ROI in 3 years and recouped Amplitude costs in under 6 months. Conductued by Forrester Consulting in an August 2023 commissioned study, Amplitude's Total Economic Impact™ shows how customer journey insights drive data-driven decisions on engagement, conversion, and purchases. Testimonial: “Without Amplitude, we probably would have to spend another 20% to 25% on our analysis tooling budget.” - Chief product officer, entertainment company See why leading brands like Atlassian, Hubspot, Notion, PayPal, Capital One and Dropbox trust in Amplitude's digital analytics platform. Get your copy now 
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| 3 | | Autonomous trucking startup Waabi signed a 10-year deal with Uber to deliver cargo through its Freight network between Dallas and Houston. Waabi was founded in June 2021 by Raquel Urtasun, who led the Canadian office of Uber's Autonomous Technology Group, which was sold to Aurora Innovation in 2020. More: - Waabi uses a "handful" of Peterbilt Model 579 trucks, modified with sensors, lidars, and cameras. The autonomous trucks would operate with a safety driver on board.
- "Shippers are eager to deploy AV capacity. We have literally hundreds of shippers on the waiting list wanting to activate autonomous capacity on the network because they understand the inherent benefits of efficiency, sustainability, and safety," said Lior Ron, CEO and founder of Uber Freight.
- Uber Freight previously signed a 10-year partnership with Waymo Via in June 2022; however, Waymo paused its autonomous trucking program and shifted resources to ride-hailing in July 2023.
- Uber Freight is currently running autonomous trucks via Aurora Innovation between Dallas and Houston, as well as Ft. Worth and El Paso.
NOTE: Inside.com founder and CEO Jason Calacanis is an investor in Uber. | | | |
| 4 | | Drone delivery company Zipline received approval from the Federal Aviation Administration to remove visual observers from its beyond-visual line-of-sight operations. This follows similar BVLOS exemptions for UPS Flight Forward, Phoenix Air Unmanned, and uAvionix. More: - The permit will allow Zipline to perform deliveries without visual observer exemption in Salt Lake City and Bentonville.
- "This means that Zipline hubs across the country can now go from serving a few thousand homes to serving hundreds of thousands of homes each year and millions of people, which will save time, money, and even lives," said Keller Rinaudo Cliffton, co-founder of the company.
- The drones are equipped with an acoustic system that uses lightweight microphones to detect and avoid aircraft in all directions up to two miles away and an ADS-B transponder to identify aircraft in the dark or under inclement weather.
- Zipline has completed over 50 million autonomous commercial miles and 750,000 deliveries without a major incident.
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| A message from our sponsor, Jurny. |  | | Jurny is leading the AI transformation in hospitality
Less than two months ago, this AI startup revolutionizing hospitality was valued at $16 million. Today, Jurny's valuation has reached $20 million, and the company has already raised an impressive $2.3 million in crowdfunding on top of a $5.5 million seed round from top VCs. Thanks to our partnership, we are alerting you to a special opportunity: Jurny's investment round is nearing its close, making it the last chance for the Inside community to invest in this VC-backed company. Jurny is solving a $1 trillion problem by leading the hospitality industry into the age of AI and automation. Read More | |
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| 5 | | General Motors announced a halt in production at its assembly plant in Fairfax, Kansas, on Wednesday. The pause is a result of a shortage of critical stampings originating from its factory in Wentzville, Missouri, where union workers have been on strike since last week. More: - GM laid off 2,000 workers as a result of the strike. Stellantis is also laying off 370 employees at three auto parts factories in Ohio and Indiana due to storage constraints driven by the strikes.
- GM's Fairfax plant is used for the assembly of the Chevrolet Malibu sedan and Cadillac XT4 crossover.
- "We have said repeatedly that nobody wins in a strike. What happened to our Fairfax team members is a clear and immediate demonstration of that fact. We will continue to bargain in good faith with the union to reach an agreement as quickly as possible," said the automaker in a statement.
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| 6 | | Kia reported a 5.2% YoY growth in global vehicle sales to 255,481 units in August. This brings the automaker's total to 2,092,2000 vehicles for the first eight months of the year, increasing by 8.9% YoY. More: - Kia increased its EV sales by 82% YoY to 15,900 units in August, of which 9,578 consisted of EV6 and EV9 models.
- The automaker is averaging over 10,000 EV sales per month.
- In 2022, Kia sold over 130,000 battery-electric cars, of which 53,571 were retail sales of the EV6 outside of South Korea.
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| 7 | | Quick Hits: - FinOps can be a game-changer for your organization. This guide shares expert tips on efficient cost management. Read now.*
- The U.K. government postponed its ban on ICE cars from 2030 to 2035.
- EV manufacturer NIO launched an Android phone and revealed its own chip to control lidar.
- Breeze Airways created a marketplace for passengers to sell their tickets.
- Georgia Governor Brian Kemp suspended the state tax on motor fuels for the second time in 18 months.
- With the right process and tools, dev teams can ship gold every week. This guide breaks down a proven approach to product delivery.*
*This is sponsored content. | | | |
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INSIDE TRANSPORTATION LEADERBOARD (7 DAYS) |
 | 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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 | Amplitude customers saw 217% ROI in The Total Economic Impact™ of Amplitude. | |
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