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The Station: Rivian trims its workforce and a supply chain-tainted earnings season begins

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The Station: Rivian trims its workforce and a supply chain-tainted earnings season begins

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox.

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.

Listen up founders! In a few months, TC Disrupt will kick off at the Moscone Center in San Francisco. This annual flagship event, in which hundreds of founders have pitched their startups on our stage, is back in person. So, here is a chance to participate.

Startup Battlefield 200 applications are closing soon. Apply today to join Startup Battlefield 200 for the chance to exhibit your startup for free at TechCrunch Disrupt this October and win the $100,000 equity-free prize. Applications close August 5. Apply today.

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Next week, Rebecca Bellan will be taking over the whole newsletter show. Give her some love — aka tips and suggestions — by sending.

You also can email me at kirsten to share thoughts, criticisms, opinions or tips. You also can send a direct message to 

Micromobbin’

Supply chain constraints are not just hitting the automotive world. Micromobility is feeling the pain as well.

I reached out to about 20 companies building electric scooters and bikes, and most of them told me the same thing: Getting critical parts, like motors, out of China is becoming increasingly difficult, and Russia’s war against Ukraine is making supplies like nickel expensive and hard to source. The result? More companies are trying to get at least final assembly as close to the end consumer as possible.

Watch this space. We might begin to see new factories cropping up in Europe and North America, which will empower some economies even as others suffer.

In other news…

Arcimoto unveiled an electric tilting e-trike, which it calls the Cybertrike edition of its Mean Lean Machine.

Dott brought in €32 million in 2021, with about 19 million rides in 29 cities.

HumanForest did a marketing thing with dating app Bumble that was actually kind of cute. It gave people on Bumble access to 30 minutes of free riding to encourage people to try an active, outdoor date. 

TC’s very own Haje Jan Kamps tried out a prototype of the Nimbus three-wheeled, mini-EV. While it was a rickety little thing that is clearly not at all ready for public use, the vehicle has real gumption, and Haje, like me, really wants to love it. Fingers crossed this company pulls off its final design when the time comes. 

Okai is launching a new fat-tire, off-road e-bike that can ride for 45 miles on dirt or road. 

Shell is making e-scooters and battery banks, I guess. Yes, Shell, the gas company that has helped us pollute the universe for over a century. 

Tier has introduced e-bikes to Ealing, in London, adding on to its existing e-scooter trial there. First-time riders can get two free unlocks and 20 minutes of free riding using the code “EALINGTIER” on the app.

A few words on bikhttps://www.theverge.com/2022/8/18/23312081/rivian-r1t-r1s-price-increase-explore-package-discontinuede lanes… 

A new study shows bike lanes increase sales of local businesses because they make the streets safer places for pedestrians, which increases foot traffic, so THERE! Shop owners should stop complaining to their local transportation authorities when parking spots get repurposed for bike lanes. The end.

Rutgers University researchers are using VR to help determine the feasibility of pop-up bike lanes in New Jersey.

Meanwhile in New York City, a bill is being considered to install bike lane cameras to catch when drivers park in the bike lane and fine them $50. We love to see tech helping bikers stay safe.

A little bird

We hear things and we share the tidbits that we can verify.

We’ve been hearing rumblings for awhile that not all is right over at Helbiz, including that it was late paying employees in at least two offices — one in the U.S. and one in Serbia. The late U.S. payment was only about four days late, but Serbian workers were waiting on June pay until the second week of July.

This wasn’t the first time Helbiz was late to pay employees. In early April, the operator missed payroll for U.S. employees, blaming a software glitch. A former employee told us Helbiz also missed payroll in Serbia in December 2020, with employees not seeing a check until February 2021.

It seems the issues extend beyond late paychecks. Sources tell us that scooter supply shipments are also chronically late and complain the company is unstructured, causing issues throughout the organization.

It’s certainly troubling, especially given the company’s plan to acquire another U.S.-based scooter operator, Wheels. If you recall from last week, we reported that Wheels employees are being furloughed. Back in late May/early June, Wheels furloughed “at least 10 people” according to one source.

Deal of the week

After lots of back and forth, the JetBlue-Spirit Airlines deal actually happened

The respective boards at JetBlue Airways and Spirit Airlines approved a merger agreement at a diluted equity valuation of $3.8 billion. JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders’ approval of the transaction.

The deal faces scrutiny from the Justice Department. But if it closes, it will create the fifth largest airline in the United States.

Other deals this week…

Drover AI, the startup that really popularized using camera-based computer vision systems to stop scooter riders from riding all over the sidewalk, has closed a $5.4 million Series A.

Everrati, EV conversion startup, has landed an investment from former Nest CEO Matt Rogers, the Verge reported.

General Motors sold $2.25 billion worth of green bonds — at first for the automaker, Bloomberg reported.

Koenigsegg, the hypercar company, invested as undisclosed amount into Lightyear, the Netherlands-based startup developing a solar vehicle that is expected to go into production this fall.

Next.e.GO Mobile, the German manufacturer of compact EVs, is going public through a merger with blank-check company Athena Consumer Acquisition Company at $913 million valuation that includes debt.

Polymath Robotics, a new startup that came out of stealth and is part of the Y Combinator Summer 2022 cohort, has landed a number of high-profile angel investors, including Catapult Ventures managing director Darren Liccardo, Thursday Ventures general partner Matt Sweeney, Cruise co-founder and CEO Kyle Vogt and Oliver Cameron, the former co-founder and CEO of Voyage who is now at Cruise. (Polymath didn’t disclose the total amount of funding). Stefan Seltz-Axmacher, co-founder and CEO of Polymath, is familiar to the AV industry ecosystem. He previously co-founded and led the now shuttered Starsky Robotics.

Notable reads and other tidbits

Autonomous vehicles

Cruise has sent two of its autonomous Chevrolet Bolt electric vehicles to Dubai to begin mapping the city in preparation for a planned launch in 2023, according to Dubai’s Roads and Transport Authority.

Kodiak Robotics completed a commercial run between Texas, California and Florida for 10 Roads Express, as part of a pilot program with the USPS mail carrier.

Electric vehicles & batteries

Apple has hired Luigi Taraborrelli, a 20-year veteran of supercar maker Lamborghini, to work on the tech company’s not-so-secret electric autonomous vehicle program, Bloomberg reported.

Ars Technica released a guide to EV charging.

Bentley Motors has delayed its first EV.

General Motors launched a program and digital platform called EV Live to educate car shoppers about EVs and target first-time buyers, as the automaker searches for ways to catch up to and outpace rival Tesla.

Faraday Future is faltering — again. The company said in a regulatory filing that it has delayed production of its FF91 flagship electric vehicle due to lack of money and supply chain issues.

Rivian started laying off about 6% of its workforce (about 900 people) as part of a restructuring plan, according to an internal email from founder and CEO RJ Scaringe (and viewed by TechCrunch). The layoffs are hitting every department, with one major exception — manufacturing operations at its Normal, Illinois factory.

Sono Motors’ solar EV is finally here! Well, sort of; there’s the sticky business of production to contend with. The startup unveiled the final production design of the vehicle as well as a solar bus kit, a new product that is a series of solar panels designed to be retrofitted onto 12-meter public buses.

TechCrunch’s Tim De Chant takes a deep dive into the 725-page Manchin-Schumer bill, which includes some EV transportation spending. He also wrote up another TC+ (subscription) article examining whether VW’s new CEO will hamstring its EV push.

U.S. Department of Energy revived an old loan program and its first recipient is the joint battery venture between GM and LG Energy Solution, which received a $2.5 billion loan from the agency to help it finance the construction of new lithium-ion battery cell manufacturing facilities.

Ford released the law enforcement version of its all-electric F-150 Lightning truck.

Earnings

The big three U.S. automakers reported earnings this week and the big themes that repeatedly came up were inflation, supply chain issues, China and EVs.

General Motors kicked things off with a rather dismal Q2 report that saw profits fall 40% year over year to $1.69 billion. The culprit? GM blamed its weak performance on a drop in North American production due to supply chain disruptions and semiconductor chip shortages that caused bottlenecks at its factories. And let’s not forget the pandemic-related factory shutdowns in China.

Another tidbit: GM’s self-driving subsidiary Cruise is burning through cash, with expenses hitting around $550 million compared to $332 million during the same quarter of last year. Operating losses topped $605 million, up from $363 million last year. The increase in cost can be attributed to a headcount increase from revving up Cruise’s robotaxi service, as well as a change in the compensation expense, according to CEO Kyle Vogt.

Ford also saw losses in China, but gains in other regions helped the automaker bring in $40.2 billion in revenue, a 50% increase from the same period last year and an adjusted operating income that tripled to $3.7 billion.

Spotify announced during its second-quarter earnings call that it has stopped manufacturing “Car Thing,” the company’s in-vehicle device for controlling music.

Future of flight

Urban Movement Labs in Los Angeles is partnering with South Korea’s Institute of Aerospace Industry-Academia Collaboration (IAIAC) to explore research opportunities around air mobility planning and integration. IAIAC is working to integrate advanced air mobility within the Incheon metro region.

People

Bosch is reorganizing its Mobility Solutions business sector, which will now be headed up by Markus Heyn.

Hyundai Motor North America promoted Randy Parker to be CEO of Hyundai Motor America effective August 1.

Lyten, an advanced materials company developing lithium-sulfur batteries and other high-performance product, hired Celina Mikolajczak as chief battery technology officer.

Ride-hailing

Uber is expanding its “Comfort Electric” product, which is basically just all-electric Uber rides, to seven additional cities, including Las Vegas, Seattle, Portland, Denver, Austin, Philly and Baltimore. Uber originally launched the luxurious EV service in May in San Francisco, San Diego and Los Angeles.

Also in Uber news, the ride-hail giant apparently does not have to provide a wheelchair-accessible service in every market, a judge rules. This just a week or so after Uber settled a lawsuit from the DOJ for allegedly overcharging disabled riders.

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Msofas Sofa: Unveiling Comfort and Elegance

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Msofas Sofa: Unveiling Comfort and Elegance

In the ever-evolving realm of furniture, Msofas stands as a beacon of excellence, particularly in the domain of corner sofa beds. This article delves into the intricacies of Msofas – Best quality corner sofa bed company in UK , presenting a detailed exploration that combines expertise and real-world insights.

Unveiling the Elegance

Unparalleled Craftsmanship

Embark on a journey into the world of unparalleled craftsmanship with Msofas – The best quality corner sofa bed company on the UK market. Each piece is meticulously crafted, ensuring not just a piece of furniture but a statement of elegance within your home.

Comfort Redefined

Experience a new level of comfort with Msofas. Our corner sofa beds seamlessly blend style and functionality, offering a cozy retreat after a long day. Dive into a world where comfort is not compromised for aesthetics; it’s harmoniously integrated.

Versatility at Its Best

Msofas takes versatility to the next level. Explore how our corner sofa beds effortlessly adapt to diverse living spaces, providing a touch of sophistication that complements any interior design.

Transforming Spaces:

Stylish Design Elements

Delve into the design philosophy of Msofas, where style meets substance. Our corner sofa beds are more than furniture; they are a testament to innovative design elements that elevate your living spaces.

Premium Quality Materials

Uncover the secret behind the durability of Msofas corner sofa beds. We source only the finest materials, ensuring longevity without compromising on the luxurious feel that defines our brand.

Real Customer Experiences

Witness the impact of Msofas through real customer experiences. Dive into testimonials that speak volumes about the satisfaction and joy derived from our corner sofa beds, highlighting why we stand out in the UK market.

Interior Design Harmony

Explore how Msofas seamlessly integrates into various interior design themes. From contemporary to classic, our corner sofa beds become the focal point that ties your decor together with finesse.

Frequently Asked Questions

Are Msofas corner sofa beds easy to assemble?

Absolutely! Msofas takes pride in user-friendly assembly. Our products come with comprehensive instructions, ensuring a hassle-free setup experience.

What sets Msofas apart from other sofa bed companies?

Msofas distinguishes itself through a perfect blend of design, comfort, and durability. We prioritize quality, ensuring our corner sofa beds exceed industry standards.

Can I customize my Msofas corner sofa bed?

Yes, customization is at the core of Msofas’ service. Explore various fabrics, colors, and configurations to create a corner sofa bed that suits your preferences.

Do Msofas corner sofa beds come with a warranty?

Certainly! Msofas stands behind the quality of its products. Each corner sofa bed comes with a warranty, providing you peace of mind and assurance of our commitment to excellence.

How do I clean and maintain my Msofas corner sofa bed?

Cleaning is a breeze with Msofas. Our products are designed for easy maintenance. Refer to the care instructions provided to keep your corner sofa bed in pristine condition.

Is Msofas environmentally conscious?

Absolutely. Msofas is committed to sustainability. We source materials responsibly and implement eco-friendly practices in our manufacturing processes.

Conclusion

In conclusion, Msofas best quality corner sofa bed company in UK market, transcends conventional furniture standards. Elevate your living spaces with a touch of sophistication, comfort, and craftsmanship that only Msofas can deliver.

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Sport SBOBET Raising the Game in Online Sports Betting

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Sport SBOBET Raising the Game in Online Sports Betting

Welcome to the dynamic world of online sports betting, where Sport SBOBET stands out as a true game-changer. In this article, we’ll delve into the evolution of online sports betting, introducing you to the unparalleled features and benefits that Sport SBOBET brings to the table.

The Evolution of Online Sports Betting Online sports betting has come a long way from its humble beginnings. In this section, we’ll take a trip down memory lane, exploring the history and growth of the industry. From traditional bookmaking to the digital era, the evolution sets the stage for the prominence of platforms like Sport SBOBET.

Introduction to Sport SBOBET Get acquainted with Sport SBOBET, a leading name in the online betting arena. Discover how this platform has become a trusted choice for enthusiasts worldwide. We’ll explore its origins, mission, and the pivotal role it plays in shaping the landscape of online sports betting.

Key Features of Sport SBOBET What makes Sport SBOBET stand out? Uncover the unique features that elevate the platform above the competition. From innovative betting options to cutting-edge technology, we’ll delve into the elements that make Sport SBOBET a preferred choice for bettors.

Benefits of Choosing Sport SBOBET Why should you opt for Sport SBOBET? This section outlines the numerous advantages of choosing this platform for your online sports betting endeavors. From enhanced odds to exclusive promotions, Sport SBOBET ensures a rewarding experience for its users.

User Experience on Sport SBOBET Navigating an online betting platform should be seamless, and Sport SBOBET excels in providing a user-friendly interface. Learn how the platform prioritizes user experience, making it easy for both novices and seasoned bettors to enjoy a smooth and intuitive betting journey.

Innovations in Online Sports Betting Stay at the forefront of technological advancements in online sports betting. Sport SBOBET embraces innovation, bringing you the latest trends that enhance the overall betting experience. From live streaming to in-play betting, explore the innovations reshaping the industry.

Mobile Compatibility and Convenience In a world on the move, mobile compatibility is crucial. Sport SBOBET ensures that users can enjoy the thrill of betting anytime, anywhere. Discover how the platform caters to the modern bettor’s needs with a mobile-responsive design and convenient features.

Variety of Sports and Betting Options Dive into the extensive array of sports and betting markets offered by Sport SBOBET. Whether you’re a fan of football, basketball, or niche sports, this platform has you covered. Explore the variety that adds excitement to your betting choices.

Security Measures on Sport SBOBET Security is paramount in online sports betting, and Sport SBOBET takes it seriously. Learn about the robust security measures in place to ensure a safe and secure betting environment. Bet with confidence, knowing that your information is protected.

Strategies for Successful Online Betting Unlock the secrets to successful online betting with expert strategies. This section provides valuable tips and tricks to maximize your chances of winning on Sport SBOBET. Elevate your betting game with insights from seasoned bettors.

Promotions and Bonuses Who doesn’t love a good bonus? Sport SBOBET entices users with a range of promotions and bonuses. From welcome offers to loyalty rewards, discover how these incentives add extra value to your betting experience.

Sport SBOBET in the Global Betting Market Explore the global impact of Sport SBOBET on the betting market. Learn how this platform has transcended borders, gaining recognition and significance on the international stage. Stay informed about the platform’s contributions to the global betting community.

Customer Support Excellence A reliable customer support system is crucial in online betting. Evaluate the excellence of Sport SBOBET’s customer support services. Discover how the platform goes above and beyond to assist users, ensuring a smooth and satisfying betting experience.

Future Trends in Online Sports Betting What does the future hold for online sports betting, and how does Sport SBOBET fit into the picture? This section explores predictions and trends shaping the industry’s trajectory. Stay ahead of the curve with insights into the evolving landscape.

Responsible Gambling Practices While the thrill of betting is enticing, responsible gambling is paramount. Explore the importance of ethical betting behavior and how Sport SBOBET promotes responsible practices. Enjoy the excitement of betting responsibly and ethically.

FAQs

Is Sport SBOBET legal? Yes, Sport SBOBET operates legally and holds necessary licenses to provide online sports betting services.

How can I deposit funds into my Sport SBOBET account? Sport SBOBET offers various deposit options, including credit cards, e-wallets, and bank transfers. Choose the method that suits you best for a seamless transaction.

What sports can I bet on with Sport SBOBET? Sport SBOBET covers a wide range of sports, from popular ones like football and basketball to niche sports, providing a diverse betting experience.

Are my personal and financial details safe on Sport SBOBET? Absolutely. Sport SBOBET employs advanced security measures to safeguard user information, ensuring a secure betting environment.

How can I contact Sport SBOBET’s customer support? Customer support at Sport SBOBET is available 24/7 through live chat, email, and phone. Reach out for assistance with any queries or concerns.

Does Sport SBOBET offer live streaming of sports events? Yes, Sport SBOBET provides live streaming services, allowing users to watch and bet on live sports events in real-time.

Conclusion

In conclusion, agen sbobet is more than just an online sports betting platform; it’s a revolution in the way enthusiasts engage with their favorite sports. With a commitment to innovation, security, and responsible gambling, Sport SBOBET is raising the game in online sports betting. Embrace the future of betting with a platform that combines excitement, variety, and integrity.

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Today’s slot gacor Online Gambling Site – theearthissue

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Today's slot gacor Online Gambling Site - theearthissue

Welcome to the realm of slot gacor Online Gambling , where entertainment meets opportunity. In this detailed guide, we’ll navigate through the diverse aspects of online gambling, uncovering the secrets to a fulfilling gaming experience.

The Evolution of Online Gambling

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Choosing the Right Online Gambling Platform

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How to Deposit and Withdraw Funds Securely?

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What Makes Today’s slot gacor Slots Unique?

Today’s slot gacor takes pride in offering unique and thrilling slots. Explore the features that set them apart in the competitive world of online gaming.

Can I Trust the Fairness of Games?

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How to Resolve Technical Issues?

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Are There Responsible Gaming Measures?

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