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Former SpaceX engineers bring autonomous, electric rail vehicle startup out of stealth

TechCrunch

Parallel Systems, a company founded by three former SpaceX engineers to build autonomous battery-electric rail vehicles, came out of stealth mode on Wednesday with a $49.55 million Series A raise. The company, which has raised $53.15 million to date, including a $3.6 The company, which has raised $53.15 million to date, including a $3.6

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Sequoia picks its horse in the consumer carbon offset market, leading a $2.5 million round for Joro

TechCrunch

She initially thought she’d focus on transportation, but her mind kept returning to consumer consumption habits and the potential to reduce CO2 emissions by targeting consumer behavior. The world will be a better place because of what Joro will bring to market.”. “Systems are made of people.

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SmartRyde, a Japanese online platform for airport transfers, spurs global expansion with Series A

TechCrunch

SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). Due to the impact of COVID-19, there has been a change in the way people travel, such as avoiding congestion. since December 2020, as per its statement.

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EVs to power Kenya’s bus rapid transit system

TechCrunch

The BRT is a bus-based public transport system that delivers fast, comfortable and cost-effective services within metropolitan areas. This is due to several challenges, including weak electricity grids, insufficient charging infrastructure and a general lack of awareness.

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Optibus taps $100M at a $1.3B valuation for its AI-based mass transit operations platform

TechCrunch

Optibus , which uses AI to help public transportation bodies and their mass transit partners plan and operate their networks, has raised $100 million, funding that it will be using to continue expanding its product set and wider business footprint, CEO and co-founder Amos Haggiag said in an interview in London this week.

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The next big market opportunity for micromobility is commercial, not consumer

TechCrunch

As last-mile delivery increases due to a booming e-commerce scene and pandemic habits now ingrained in consumers’ lifestyles, the biggest market for micromobility will end up being in the commercial space, not focused on consumers. “It “It makes little sense to deliver an iPhone or a poke bowl in a Buick.”

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BasiGo secures $4.3 million in seed funding to accelerate mass transit EV adoption in Kenya

TechCrunch

“We are thrilled to be partnering with Novastar, Moxxie and this incredible group of investors, all of whom are deeply experienced in rapidly scaling businesses in this market. The support and knowledge of this investor group will catalyze BasiGo in its mission to make East Africa a leader in inclusive, sustainable bus transport,” he said.