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| 1 | | Ford is acquiring Auto Motive Power for an undisclosed amount. AMP focuses on power management for autonomous ride-sharing, drones, and loop systems and will be integrated with the automaker's EV business unit, Model e. More: - AMP raised a total of $26.5M since its inception in 2017 from investors such as Helios Climate Ventures, 8VC, and Hella Ventures.
- Ford last acquired Electriphi, a commercial vehicle fleet management company, in June 2021. Prior to that, it bought small robotics company Quantum Signal in July 2019.
- $F was up 1.64% for the day and down 16.72% WoW at market close on Wednesday.
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| 2 | | The U.S. Space Force assigned 11 missions to the United Launch Alliance and 10 missions to SpaceX for a combined total of $2.5B. The flights, conducted over the course of the next two to three years, will use the Vulcan, Falcon 9, and Falcon Heavy rockets. More: - The two companies had also been selected for Phase 1 of the National Security Space Launch program in 2020.
- Phase 2 was originally scheduled to comprise a total of 34 missions; however, demand for national security launches grew the program to 48 missions.
- The agency plans to announce the winners of Phase 3 bids in October, which is expected to have a total of 90 launches.
- "It is imperative to rapidly deliver critical space capabilities to the Joint Warfighter as soon as they are ready to be launched. We cannot leave capability sitting on the ground," said the deputy program executive officer of the Space Force's Space Systems Command, Doug Pentecost.
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| 3 | | A Reuters poll indicated that analysts and commodity traders have lowered their expectations for the price of platinum and palladium in 2024 due to lower automotive production and a global economic slowdown. The two metals are used in engine exhausts to lower emissions. More: - The survey of 24 analysts and traders averaged an expected price of $1,023 per troy ounce of platinum for 2024, down from $1,100 in a poll three months ago.
- For palladium, the average price per the survey was $1,250, down from $1,369 in the previous poll.
- The price of platinum is down by 14% YoY following a surge in April and May due to limited supply as a top producer is located in South Africa, which experienced power surges at the time.
- Analysts expect the price of metals to increase again if interest rates begin to drop.
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| 4 | | Ireland-based EV charging company Erapid, known by its EasyGo brand, raised €30M (~$31.7M) led by Aviva Investor. The company operates 4,000 charging points across 1,500 locations. More: - The startup plans to use the funds to hire 60 employees.
- Erapid claims more than 50,000 registered users, growing at a rate of 2,000 per month.
- The company plans to add more than 20,000 AC chargers to its network, including at hotels and apartment buildings.
- Erapid, which sources its charger stalls from Tritium, is planning to replace phone booths with EV chargers through a partnership with Irish telecom Eir.
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| A message from our sponsor, RollWorks . |  | | Whether you’ve been in the same industry for decades or hop industries every year or two, chances are you’ve been inundated with a slew of new acronyms, terms, and hot topics - sometimes it feels like decoding an entirely new language. Go-to-market teams are not immune, especially with how quickly the industry changes. Spoiler? That’s why we’ve created your TL;DR pocket guide. No revenue champion should be left without a friendly guide to turn to when things get a little too overwhelming. We’ll take on some of the most common conversations we hear in the market and set the record straight -— or at least give the debate a little extra sizzle. The goal? Everyone can leave a little more aligned on what they need to be focused on, how they can educate their full team around a common GTM language, and of course, see the impact of all of this IRL, not just in a polished book-collecting dust on your shelf. (Yes, we threw even more acronyms in there to get the pocket guide party started). Get The Guide | |
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| 5 | | Helicopter operator Helijet placed an order for eVTOLs by Vermont-based Beta Technologies. Helijet plans to integrate the vehicles into its current helicopter routes in southwestern British Columbia and the Pacific Northwest. More: - In 2021, Blade Air Mobility signed a deal with Helijet for the booking rights for its scheduled helicopter service in Canada, with the goal of introducing eVTOLs in B.C.
- Beta is currently testing its piloted, five-passenger Alia eVTOL, expecting regulatory approval in 2026.
- The company is also building an all-electric fixed-wing CTOL, for which it expects type certification in 2025.
Zoom Out: - In October, Beta Technologies partnered with Shoreline Aviation to install the first public-access charger for aircraft and ground EVs in Massachusetts.
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| 6 | | Electric vehicles reached a 60.6% market share for October in Sweden, up from 59.4% during the same month in 2022. Plug-in hybrids comprised 23% of the market share, with BEVs taking 37.6%. More: - The Volkswagen ID.4 was the best-selling vehicle in the category, with 994 units, displacing the Tesla Model Y due to a logistics hiatus. The Model Y, however, led Q3 sales with 5,177 units.
- The VW model was followed by the Volvo XC40, Skoda Enyaq, and Kia Niro in October.
- October saw the debut of the Kia EV9, with a delivery of just 16 units in Sweden.
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| 7 | | Quick Hits: - Discounts offered by each of the big three cloud providers are complex, detailed, and full of fine print. Learn how to make the most of AWS, Google Cloud, and Azure discounts in this guide from DoiT.*
- Only 60 out of the 566 routes by JetBlue and Spirit Airlines overlap. The airlines' merger agreement is currently undergoing an antitrust trial.
- Lime is launching its Gen4 seated scooter globally after tests in Nashville and Chicago.
- Less-than-truckload company Werner Enterprises' logistics revenue was down 23% YoY to $230M in Q3.
- The Liverpool City Region plans to invest £10M ($12.18M) in streetside EV chargers.
- Create a winning SaaS business plan and calculate your break-even point. Join the 1-Page SaaS Blueprint Challenge to map out your startup.*
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| Upcoming Events | | NOV
8 | | Compete Week - Competitive Intelligence Summit is back: Join top GTM leaders from Salesforce, Hubspot, Apollo and more!* | | | | | | | NOV
25 | | AI in Financial Services with Saroop Bharwani | | | | | | | NOV
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Term of the Day Ecosystem: An ecosystem is an interconnected system of networks, organizations, and support for startups in a particular location. Question of the Week What's one tool or app that has significantly made your life easier at work? Join the conversation |
INSIDE TRANSPORTATION LEADERBOARD (30 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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 | Whether you’re starting out or scaling up, RollWorks helps you confidently grow revenue by focusing on the right accounts at the right time. | |
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