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Welcome again to The Station, your central hub for all previous, current and future technique of transferring individuals and packages from Level A to Level B.
Comfortable 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 secure.
For these in California, you might be requested to curb your vitality use this vacation weekend. Notably, if you happen to personal an EV. California’s energy grid supervisor is asking on EV homeowners to avoid charging at peak times (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” acquired me fascinated with California’s current determination to ban new gas cars by 2035 and what a flood of EVs would possibly do to an already decrepit energy grid.
Talking of EVs, perhaps you’re seeking to purchase one? I wrote up a guide to the new EV tax credit that you could be discover useful. It’s extra sophisticated today. 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 try TechCrunch Disrupt (and I recommend you do), here’s a little reward for my readers. Go to this link and sort within the code STATION to get 15% off passes, excluding on-line and expo tickets.
Rebecca Bellan is on a well-earned trip and so this week’s micromobbin’ will probably be transient.
First up is a TC+ article by Bellan that explores why the biggest market for micromobility will find yourself being within the business house, not targeted on customers.
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 write down counterarguments like this one in Outdoors entitled “The E-bike is Pure Joy.”
Vermont grew to become the primary state to offer an ebike rebate.
Deal of the week
The deal-making this summer season has slowed to a drip. The distinction from final summer season — when the deal move was extra like a hearth hose — is hanging.
Whereas the tempo of offers has slowed, the will for capital has not. It’s significantly palpable within the EV and mobility SPAC world the place corporations as soon as awash with capital in a high-flying market are attempting to get that spigot turned again on.
Lucid and Nikola are amongst a number of EV SPACs which are seeking cash infusions by inventory choices to carry their delayed automobiles to market.
The CEO of self-driving tech agency Aurora has floated plenty of 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) mentioned it will require additional funds by early September 2022 with the intention to proceed operations. For these retaining monitor, that’s now.
The upshot? I anticipate extra of this exercise by the tip of the 12 months. It’s going to get determined for some.
Different offers that acquired my consideration this week … (subscribe for all the deals)
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 knowledge startup, raised $11 million in a Collection A spherical to scale its current 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 previously announced Collection A spherical. The whole increase is now $30 million.
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