Best of the Week – CW 45

Nov 9, 2018

Here’s a short summary of what happened in the world of mobility, logistics & transportation this week:

Tesla to come when called

In a series of tweets the Tesla CEO Elon Musk promised that an advanced version of its auto-parking technology Summon, which will let owners remotely control their car through their phones, will be ready in six weeks. Here, boy!

EasyJet to go Electrical by 2030

EasyJet has pushed back its forecast for flying electric planes by three years to 2030, but is more confident about a technology it expects to cut emissions and costs. They are partnering with the U.S. startup Wright Electric. 

The Next Big Thing: Tiny Cars

Bloomberg reports that startups and established automakers are launching three-wheeled vehicles and other minimalist designs. They are betting on a world where mobility is no longer a vehicle one owns or that it looks anything like the cars of today. Instead, an in-between object of motorcycle meets car will satisfy 85% of our needs. 

New investments: Grab & Hyundai, and Ford & Spin

The Singapore startup Grab is continuing with its ongoing Series H funding round. It now revealed the Korean automotive firm Hyundai as its newest investor with a cool $250 million.

Ford is buying the electric scooter startup Spin. The deal is apparently worth close to $100 million, although earlier sources put the price tag in the range of $40 million, which is around where Spin was valued after its Series A funding last year. More in their press release here

It’s a yes-vote by the EU for the Car2Go & DriveNow Fusion

According to electrive, Daimler and BMW have been allowed by the EU watchdogs to fuse their car sharing services DriveNow and Car2go under certain conditions. The reason for the two companies to work together are expectations that the consolidation of their mobility services and car sharing services will help subdue the costs while supporting growth and innovation. Additionally, the fusion is an open challenge to Uber and other car-sharing service providers, who began encroaching on the automobile manufacturer’s business some time ago.

Image Source: Spin