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Decarbonising transportation through electrification is critical to helping companies and economies meet net-zero emissions targets. Fortunately, three forces are combining to make this vision for sustainable transportation a reality: connectivity, digitalisation, and cross-sector collaboration.
When people talk about hydrogen these days, they almost always mention transportation. But from a practical perspective, transportation is not a great use for hydrogen. Hydrogen is really terrible to store and to transport,” said Chad Mason, founder and CEO of Advanced Ionics.
“You don’t have to transport it… You can’t liquefy it… You don’t have to worry about transporting it because it’s a low-density fuel… It’s a mess… If you make it on site all of those challenges go away… We think infrastructure is going to be fine.” It will also require government intervention.
Commitments to carbon neutrality keep coming from all corners of the business world — over the past few weeks, companies ranging from the fast-casual restaurant chain Sweetgreen to the security-focused networking IT company Palo Alto Networks to the online craft retailer Etsy committed to net-zero carbon emission plans.
Financing: It is customary in B2B transactions to pay “with terms,” such as net 30 or net 60, effectively giving a line of credit to the business buyer that enables them to send payment after delivery of the good or service. Nearly half of B2B payments are still made by paper check, but digital payment solutions are quickly gaining.
In the energy and utilities sector, sustainability goals, such as Saudi Arabias Vision 2030 and UAEs Net Zero 2050, will drive investment in smart grids, renewable energy, and AI-driven energy efficiency solutions. Fintech hubs like Dubai and Riyadh will continue attracting global and regional players.
At the recent UN Climate Change Conference (COP28), Huawei and e& announced the inauguration of the region’s ground-breaking net-zero 5G massive MIMO site, setting new benchmarks in sustainability and technological innovation.
Windows systems at hospitals, airline flight reservation centers, emergency response centers, and public transportation services were among those affected by the outage. The admission came after YouTuber The Net Guy found malware on Acemagic mini PCs when testing them. It seems like there were a combination of mistakes.
As the Ubers of the world continue to scale, a smaller on-demand transportation startup has raised some funding in Germany, underscoring the opportunities that remain for startups in the space targeting specific service niches. Some others in the space that diversified into other areas like food delivery or other kinds of transport (e.g.
The transaction will enable the combined entity to retain net proceeds of up to $428 million of cash, according to Switchback, which brings $316 million cash-in-trust to the table. ” Special purpose acquisition companies, or SPACs, have become a popular route for going public amongst transportation startups. .
. “The motivation is really simple — it’s simple but it’s hard to do — and that’s to make affordable autonomous transportation closer to reality,” Rosenzweig said. Via is not developing its own self-driving software system. Ethics in the age of autonomous vehicles.
However, net new unicorn companies from China dropped year over year to 17 in 2024, down from 29 in 2023, amid a broader decline in funding to Chinese-based startups. India jumped year over year to six companies from two in 2023 with companies in finance and transportation. billion, and StepStar , valued at $1 billion.
” The transaction includes $30 million PIPE anchored by institutional investors and approximately $80 million in net proceeds will be fed into Helbiz’s micromobility and advertising businesses, which have 2.7 The combined entity will be named Helbiz Inc. million users.
Both founders, since the age of 15, have spent time building Minecraft servers to sell to gamers, netting each thousands of dollars a month. He thinks the market opportunity for his company, an in-stealth remote HQ, is in the trillions because it has the potential to disrupt real estate, transportation and, in a macro sense, urban cities. “I
“Our goal is to make sure we have enough capital to achieve our mission, which is to build a transportation alternative that is shared, that is affordable, that is green,” said Ting. “We mean business when we talk about decarbonization and transportation.
Let’s hear from the company itself: We define Adjusted EBITDA as net income (loss), excluding (i) income (loss) from discontinued operations, net of income taxes, (ii) net income (loss) attributable to non-controlling interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) (..)
Just last month, Canoo was even selected by NASA to build the ground crew transportation vehicles for the Artemis space exploration program. Canoo’s net loss reached $125.4 million in the same quarter last year, with net cash used in operating activities totaling $120.3 million, compared to $15.2 million compared to $53.9
Meanwhile, Joby’s net loss last year was $114.2 Mobility companies, including those working on electrified transport, are often pre-revenue and have capitally intensive business models — a combination that can make it difficult to find buyers in a traditional IPO. million and Archer’s was $24.8
In 2020, Turo generated net revenue of $149.9 Net losses were $97.1 million in net losses it had in 2019. Turo said this tool, along with hosts increasing the prices for vehicles that they charge to guests, contributed to its increased net revenue. Its net losses also expanded as well. Quick financial breakdown.
The company posted a net loss of $52 million for the first half of 2024, down from $70 million in the year-ago period. Rising revenue Eight-year-old Pony comes to market as an unprofitable company, albeit one with rising revenue. For the first six months of this year, revenue totaled around $25 million, roughly double year-ago levels.
The Station is a weekly newsletter dedicated to all things transportation. Against that backdrop of unsafe practices, I wanted to note an important departure over at the Department of Transportation. The UK’s Department of Transport reports weekday cycling rates have jumped 47% in the first half of 2022.
As a greater share of the transportation market becomes electrified, companies have started to grapple with how to dispose of the thousands of tons of used electric vehicle batteries that are expected to come off the roads by the end of the decade. Photo: Battery Resourcers).
Claroty tells TechCrunch it has seen “significant” customer growth over the past 18 months, largely fueled by the pandemic, with 110% year-over-year net new logo growth and 100% customer retention. . The company, which is based in New York, currently has around 240 employees. .
The entirety of Waabi World is powered by AI in a way that other companies’ simulators aren’t because it relies more heavily on deep neural nets, AI algorithms that allow the computer to learn by using a series of connected networks to identify patterns in data. The result?
This kind of objection should resonate with anyone who has embarked on the transition to net zero. Employees play a crucial role in Transition to Net Zero. The company thus needs to help its people develop or extend the competencies (knowledge, skills and attitudes) required to reach their net zero ambitions. Sound familiar?
In aggregate, Lucid is net down a fraction today as of the time of writing. For its part, working with Lucid helps Saudi Arabia’s goal of transforming and diversifying its economy by developing sustainable energy and transportation. billion, and a GAAP net loss of $4.75 to its per-share value. of its value, or around $3.14
Northern Lights was incorporated in March as a joint venture between Equinor, Shell and Total to provide processing, transportation and underground sequestration services for captured carbon dioxide emissions. There is growing awareness of the need to build capacity to remove CO 2 from the atmosphere to achieve net zero by 2050.
Some developers do use deep neural nets, a sophisticated form of artificial intelligence algorithms that allows a computer to learn by using a series of connected networks to identify patterns in data. Deep nets have their own set of problems. Finally, deep nets require an immense amount of data to learn.
The startup, which targets motorcycle taxi (boda boda) operators, their passengers and users of other forms of public transport (hereafter commuters), is building a business around daily micro-payments for personal accident covers, with some premiums going as low as $0.1. million commuters who use public transport every day.
Between 2006 and 2010, CEO Wilkerson, then a journalist and researcher, spent a great deal of time using motorcycles ( Boda bodas ) for quick and flexible transport. It was such an effective means for transport for him that he built a large contact list of “go-to” boda boda riders he would call for rides when need be.
That could mean a net sales volume of €415 million if all reservations result in sales. Since going public, Sono says it has ongoing letters of intent, pilots and prototypes for 19 companies that are implementing the company’s solar technology on a variety of vehicle architectures, like buses, trailers, trucks and electric transporters.
The Station is a weekly newsletter dedicated to all things transportation. Transportation editor Kirsten Korosec was out for a few days this week, so I (Rebecca Bellan) am here to give you all the important future of transportation news that happened this week. But first! You also can follow me on Twitter — @rebeccabellan.
The decision to analyze data in a location that’s far removed from where it’s generated must take into account the cost of transporting data to the remote location, as well as capacity considerations for both the transport network and the data center or cloud that will process the data.
Jaeuk Park, CEO of Socar, told TechCrunch earlier that the company was pushing ahead with its listing plans because it was confident in its performance and expected to generate both operating profits and net profits by the end of this year. It will launch its transportation super-app later this year, providing all-in-one mobility services.
According to The Economist, investors poured more than $500 billion in 2021 into “energy transition” (shorthand for decarbonizing everything from energy and transport to industry and farming), twice as much as they did in 2010. Climate change is the biggest investor tailwind of the century.
Digitalization will allow warehousing and transportation operations to elevate customer experience, deliver more value to partners, and consequently – create an effective ecosystem of supply chain providers: manufacturers, carriers, freight forwarders, and more. Strategic transport planning. Transport management.
The project also aligns with global efforts to improve air quality and to achieve net-zero emissions by mid-century.”. Opibus told TechCrunch in an earlier interview that the competitive advantage of electric transport includes declining operational costs of up to 60% lower that of fossil fuel alternatives.
Imagine transporting a large quantity of goods. Using trucks to transport the same amount of goods would require multiple vehicles and trips, which increases fuel consumption significantly. Using trucks to transport the same amount of goods would require multiple vehicles and trips, which increases fuel consumption significantly.
The following interview, part of an ongoing series with founders who are building transportation companies, has been edited for length and clarity. But I don’t know if it necessarily gives you the push that says, “Okay, let’s take this out to market and really move away from the safety net of doing this within a larger company.”
Jona Christians and Laurin Hahn, Sono Motors’ co-founders, weren’t that into cars, but they recognized how much transportation contributes to the burning of fossil fuels and thought that would be a good place to start. “We came up with a vision to integrate solar on every vehicle and thought, Okay, what do we need for that?”
The company reported a net loss of $764.2 On a diluted basis, the company’s net loss in Q2 2022 was $555.3 It was also flat from the first quarter of 2023. Lucid delivered 1,406 vehicles in the first quarter of 2023. million in the second quarter compared to a loss of $220.4 million in the same year-ago period.
LanzaJet claims that it can help the aviation industry reach net-zero emissions, something that would go a long way toward helping the world meet the emissions reductions targets set in the Paris Agreement. Terms of the initial investment, or LanzaJet’s valuation after the commitment, were not disclosed.
ElectraMeccanica was one of the only companies actually producing three-wheeled electric vehicles, a form factor that many say has the potential to revolutionize transport. million on a net loss of $13.2 Imagine zipping around an urban environment in the tiny EV, easily finding parking and navigating tight city streets.
I see it as a net positive that I don’t think there’s enough capital that we could put towards this to really find the underlying true issues here. Electrification is a global trend in transportation, power generation, and elsewhere. You want to make sure that things you’re investing in are a net positive.
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