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| 1 | | New York City is planning to implement a toll between $9 and $23 to enter points of Manhattan south of 60th Street starting in the spring of 2024. The city plans to use the projected $15B generated from the new toll on the MTA system. More: - "Expansion tends to be the sexy and fun thing, which we've done. But the kind of stuff that our customers don't see is power upgrades, track upgrades, and signal upgrades," said the president of New York City Transit Authority, Richard Davey.
- The agency also plans to invest in clean bus technology, including hydrogen fuel cell buses, in 2025.
- A study of the proposed MTA project cites a 20% reduction in particulate matter pollution stemming from a similar program in London.
Q: Should cities increase the number of tolls to fund cleaner bus programs? Join the conversation here. |     | |
| 2 | | On Friday, Amazon launched a pair of prototype satellites aboard United Launch Alliance's Atlas V off pad SLC-41 in Cape Canaveral, Florida. The retailer plans to build a network of 3,236 satellites to provide high-speed internet from low Earth orbit. More: - "We've done extensive testing here in our lab and have a high degree of confidence in our satellite design, but there's no substitute for on-orbit testing," said the project's VP of technology Rajeev Badyal.
- Amazon plans to invest $10B in the Kuiper project, having recently broke ground on a $120M pre-launch processing facility in Florida.
- The satellite launch had initially been scheduled to be aboard ABL Space's RS1 and then ULA's Vulcan; however, both rockets experienced delays.
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| 3 | | A.P. Moller Maersk and Kodiak Robotics announced the first commercial autonomous trucking route between Houston and Oklahoma City. The companies plan to operate four autonomous round trips per week between a Houston consumer products facility and a distribution center in Oklahoma City. More: - Maersk and Kodiak had been collaborating on deliveries since November 2022 and began delivering eight loads per week with a safety driver in August.
- The American Trucking Association estimates that the trucking industry faces a shortage of roughly 78,000 drivers, which could expand to 160,000 drivers, according to the group.
- $AMKBY was up 2.62% for the day and +4.32% WoW on Friday at market close.
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| 4 | | Electric Era, a company founded by former SpaceX employees, raised a $13M Series A led by HSBC Asset Management. The company focuses on EV charging stations at convenience stores. More: - The startup is planning to launch its first PowerNode EV fast charging stations at Plaid Pantry and Space Age Fuels stores in Portland, Oregon.
- The round included participation from Chevron, SQM Lithium Ventures, Blackhorn Ventures, and Proeza Ventures.
- Including the new round, the Seattle-based startup has raised $20.5M since its inception.
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| 5 | | General Motors is planning to return to Europe with sales of the electric Cadillac Lyriq. While the SUV has been made available for online orders in Switzerland, deliveries are expected in April or May 2024. More: - In the next two years, GM is planning to expand its European presence to Sweden, France, and three other countries speculated to be in Scandinavia.
- GM sold 3,018 electric Cadillac Lyriqs in the U.S. in Q3, up from 1,348 in the previous quarter.
- In total, the company delivered 4,257 Ultium-based BEVs in Q3, which include the GMC Hummer EV pickup and SUV.
- $GM closed up 1.95% for the day but down 5.71% for the week on Friday.
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| 6 | | The sale of Evergrande's New Energy Vehicle subsidiary to Dubai-based NWTN has been halted, according to a Hong Kong stock filing. The proposed deal had been announced in August and involved the sale of 6.18 billion new shares for $496.72M. More: - The sale was suspended due to "significant uncertainties" involving NEV's parent company.
- Trading of Evergrande's EV subsidiary was halted on Sept. 28 in Hong Kong and is expected to resume on Monday.
- The unit lost a combined $9.95B in 2021 and 2022.
- Evergrande NEV had originally been contracted to build Sono Motors' Scion model; however, the solar car company switched manufacturers to Velvet Automotive upon Evergrande's failure to pay its creditors.
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| 7 | | Quick Hits: - Unlock your perfect customers using BiglySales.com's data solutions and AI emailer.*
- K9 Jets, a private jet company for dogs and their owners, launched in Dubai.
- Tesla improved camera image quality through an over-the-air software update.
- Rivian launched sales of the Max Pack battery, enabling a range of up to 410 miles for the R1T model.
- Autel plans to start producing the MaxiCharger 180kw–240kw DC fast chargers in Greensboro, North Carolina.
- Logistics provider Flexport reduced its workforce by 30% (~950 employees).
- monday.com and BILL drove acquisition, engagement, and retention by adding Cord's SDK to their product. You can, too.*
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Term of the Day Case study: A case study is a research method used to describe a real-life situation or problem and analyze it in depth. Question of the Week What perks would convince you to return to the office? Join the conversation Today's Knowledge Hub Is Brought To You By Symon.AI - The All-in-One Data Tool for Startups. Start your free trial here.* |
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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