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For those US-based readers, enjoy the long Memorial Day weekend, and if you are on the road, hope that it will be crowded. AAA Projects 45.1 million people will travel at least 50 miles from the house during the Memorial Day holiday period from Thursday to Monday. About 39.4 million of them will use a car.
Let's do it! This version contains news on the load of companies including Aurora, Uber, Tesla and Wemo. In addition, you can interested in many startups.
A small bird
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Deal!
lightsThe lidar startup replaced Spac, appearing to be greedy for the capital. Why the company will make a deal with Yorkville advisors that global Be able to Bring another $ 200 million to your coffers through the sale of convertible favorite stock over an 18 -month period?
Under the conditions, LUMINAR will release investors $ 35 million in convertible preferred stocks. The luminar can release additional installments in quantity of up to $ up to $ up to $ more than $ 35 million every 60 days at a purchase price equal to 96% of the declared value of convertible preferred stock.
You may remember that the board of Luminar has recently changed the founder Austin Russell As its CEO. The company is also undergoing another restructuring – its third in a year.
Other deals that attract my attention …
Spark chargingWhich provides that it is called “Charging-A-Service” for the fleet, collecting $ 15.5 million in a series A-1 round led by Monte's Fam, with partnership with Cleveland Avenue, Collab Capital, Elemental Impact, Marsipen and Non Sibi Ventures. Along with equity round, Sparkcharge also obtained a $ 15 million venture loan from Horizon Technology Finance Corp.
InformationA Cairo-based online car sales startups that are expanding to devices for auto financing, servicing and dealers, raised $ 15.7 million. The era was led by the Enclud Fund of Development Partners International. The startup raised about $ 10 million in loan financing from local banks in the previous year.
Is the auction a deal? Maybe for someone. NicolaHydrogen trucks, which are worth about $ 114 million, are for auction – one of the final stages of the company in unloading all its assets after filing for bankruptcy in February.
Remarkable read and other tidbits
Autonomous vehicle
Arora At the request of your partner has put human “supervisors” into your self-driving trucks PakarA manifestation in which his head has been scratched about the move. To be clear, these “supervisors” are not human safety operators, meaning that they cannot interfere. A spokesman from Arora confirmed and said that he has a different role in the company's supervised halls than human safety operators.
This news gave people “why?” Like inspired to send messages with questions, and “what's the matter?”
Thunder Founder Robert Falc Steps below the role of CEO. Einride's CFO, Roozbeh Charli, will immediately handle the role of Chief Executive.
Reliable roboticsAutonomus Aviation Company, appointed Mark Stall as its new CFO. Stall Apple has a pre -finance VP and Aculips is a participant in ventures.
Zax The “initial mapping phase” is completed and will begin testing its self-driving vehicles in Atlanta later in this summer.
California public utilities commission allowed VemoRequest to expand its commercial robotaxi service sector in more communities south of San Francisco. Meanwhile, Wemo and Uber Planning to start a robotax ride in Atlanta to select customers signing a weightlist earlier this year.
Tesla According to Elon Musk, the company plans to limit it in Austin, Texas, in specific areas, where specific areas are worked. The use of a geophene represents a major strategy innings for musk, which will be able to create years, claiming his company, creating a common-objective self-driving solution that can be dropped at any place and can work without human supervision.
Electric vehicles, charging and battery
Arc Unveiled a new electric boat, called Arc Coast, a centercraft of $ 168,000 with a center console design.
Senate Republican Voting to turn a discount which has allowed California to set up strict air pollution standards for vehicles. The state has exempted more than 100 times as federal laws gave authority about 50 years ago.
Gig economy
Uber The government plans to introduce a B2B logistics service in India through partnership with a government-backed non-profit organization, which aims to break the domination of e-commerce legends Flipkart supported by Amazon and Walmart.
Aye
Uber freight Recently launched a suit of AI features for shippers worldwide as part of its current supply chain software. This includes expansion of insight AI, which was quietly launched by Uber Freight in 2023, as well as more than 30 AI agents were made “to execute major logistics in the freight lifestyle”. Senior reporter Sean o'cane Interview CEO Lore ron About the company's dive in AI – how, why, and what is next.
This week's wheels
Yes, “This week's wheel” Rebecca is back with a cylinder, who writes about his time on new Hebic alphaA strong, fats-tire, all-a-terrain e-bike with $ 1,699 value tag.
Full review can be read here,
For those who want highlights: Alpha ticks a lot of boxes for the cylinder-especially torque sensor and mid-drive motor with long-lasting batteries. However, there were some disappointments. Putting the bike together, the app, and the exterior horn had disappointment. But generally, Rebecca realized that Alpha was an excellent all-aaround e-bike, whether you want to take it on off-road adventures or use it in the city to shop for your weekly trader who shopping.
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