TechMobility SPACs search money and your information to the...

Mobility SPACs search money and your information to the brand new EV tax credit score – TechCrunch

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The Station is a weekly e-newsletter devoted to all issues transportation. Enroll right here — simply click on The Station — to obtain the complete version of the e-newsletter each weekend in your inbox. It is a shorter model of The Station e-newsletter that’s emailed to subscribers. Need all of the offers, information roundups and commentary? Subscribe for free. 

Welcome again to The Station, your central hub for all previous, current and future technique of shifting folks and packages from Level A to Level B. 

Blissful Labor Day weekend to all my US and Canada-based readers! For those who’re utilizing the three-day weekend to take a street journey, journey protected.

For these in California, chances are you’ll be requested to curb your power use this vacation weekend. Notably, for those who personal an EV. California’s energy grid supervisor is looking on EV house owners to keep away from charging at peak instances (4 p.m. to 9 p.m.) as a part of broader effort to maintain the state’s grid up and operating throughout this warmth wave.

The “alert” obtained me serious about California’s current choice to ban new fuel automobiles by 2035 and what a flood of EVs may do to an already decrepit energy grid.


Talking of EVs, possibly you’re seeking to purchase one? I wrote up a information to the brand new EV tax credit score that you could be discover useful. It’s extra difficult as of late. This information tackles new EVs; look out for an additional article on used EVs and the tax credit score.

And at last, if you wish to take a look at TechCrunch Disrupt (and I counsel you do), here’s a little present for my readers. Go to this hyperlink and sort within the code STATION to get 15% off passes, excluding on-line and expo tickets.

Let’s go.

You possibly can at all times e-mail me at kirsten.korosec@techcrunch.com to share ideas, criticisms, opinions, or suggestions. You can also ship a direct message to @kirstenkorosec

Micromobbin’

the station scooter1a

Rebecca Bellan is on a well-earned trip and so this week’s micromobbin’ might be temporary.

First up is a TC+ article by Bellan that explores why the largest marketplace for micromobility will find yourself being within the business area, not targeted on shoppers.

In different scootin’ and bikin’ information …

Lime, Spin and Veo are in Milwaukee as a part of a brand new shared scooter pilot that launched this week.

The Atlantic’s “The E-bike is a Monstrosity” column sparked outrage and criticism on social media and even impressed some to put in writing counterarguments like this one in Exterior entitled “The E-bike is Pure Pleasure.”

Vermont grew to become the primary state to supply an ebike rebate.

Byeeeeee.

Deal of the week

money the station

The deal-making this summer time has slowed to a drip. The distinction from final summer time — when the deal movement was extra like a hearth hose — is putting.

Whereas the tempo of offers has slowed, the need for capital has not. It’s notably palpable within the EV and mobility SPAC world the place firms as soon as awash with capital in a high-flying market try to get that spigot turned again on.

Lucid and Nikola are amongst a number of EV SPACs which are in search of money infusions by inventory choices to deliver their delayed autos to market.

The CEO of self-driving tech agency Aurora has floated quite a few choices to the board to increase the corporate’s runway past mid-2024. And final month, Faraday Future (which I’m shocked is even nonetheless right here) stated it should require extra funds by early September 2022 with a view to proceed operations. For these holding monitor, that’s now.

The upshot? I anticipate extra of this exercise by the top of the yr. It’s going to get determined for some.

Different offers that obtained my consideration this week … (subscribe for all of the offers) 

Ascend Components, a U.S.-based lithium-ion battery recycling and engineered supplies firm, acquired a $50 million funding from SK ecoplant, the environmental unit of Korean conglomerate SK Inc.

Populus, the transportation information startup, raised $11 million in a Sequence A spherical to scale its present product in addition to its curb administration software program. The spherical was co-led by Zero Infinity Companions and Climactic with participation from Comcast Ventures and Robert Downey Jr.’s FootPrint Coalition Ventures.

SparkCharge, the cell EV charging community supplier, raised an extra $7 million from Cleveland Avenue that’s an add-on to its beforehand introduced Sequence A spherical. The whole elevate is now $30 million.

Wish to learn extra? The Station’s weekly emailed e-newsletter additionally features a roundup of AV, EV and different information and a “A Little Chicken,” a bit by which I share verified insider information. Enroll! It’s free!



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