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Uber sells air taxi business Elevate to Joby Aviation, shedding its last moonshot

TechCrunch

The transaction announced Tuesday is part of a complex deal that includes Uber investing $75 million into Joby and an expanded partnership between the two companies. The $75 million investment comes in addition to a previously undisclosed $50 million investment made as part of Joby’s Series C financing round in January 2020 , Uber said.

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PANDEMIC VENTURE INVESTMENT SERIES EPISODE 2: MOBILITY

OurCrowd

“The entire way in which people and goods move around has changed,” Machluf said in the second episode of the Pandemic Venture Investment Series , co-sponsored by OurCrowd and Anthony Scaramucci’s SALT. When you can lower your costs, your market and the promise becomes so much bigger for micromobility,” he said.

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Shift your startup into overdrive and demo at TC Sessions: Mobility 2022

TechCrunch

Exhibiting your early-stage startup at TC Sessions: Mobility 2022 in San Mateo, California on May 18-20 is one of the fastest ways to discover new opportunities and accelerate your growth potential. A full day of online networking and demos — expand beyond the confines of the San Mateo County Event Center and achieve global reach.

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Tier Mobility acquires Spin from Ford, marking entry into North America

TechCrunch

Tier Mobility, the Berlin-based micromobility operator that has been steadily taking over Europe, is making a sweeping entry into North America by acquiring Spin from automaker Ford. Ford, which purchased Spin for $100 million back in 2018 , will maintain a strategic investment in Spin, according to Spin CEO Ben Bear.

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The Station: Arrival slashes EV targets, more Tesla FSD controversy and NHTSA loses its captain

TechCrunch

Micromobbin’ The North American Bikeshare and Scooter Association released its 2021 shared micromobility state of the industry report — and it has some interesting findings. Trips on e-scooters accounted for 49% of total trips taken on shared micromobility. 63% of riders said they used micromobility to connect to public transit.

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Tier Mobility’s buy of Fantasmo brings camera positioning tech in-house

TechCrunch

Shared micromobility company Tier Mobility said on Wednesday it has acquired Fantasmo , a U.S.-based Fantasmo has other micromobility operators in its portfolio, including Helbiz. based computer vision-powered e-scooter parking startup whose tech Tier had been trialing in multiple cities in Europe.

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VanMoof raises $128 million to become the world’s leading e-bike brand

TechCrunch

Asia-based private equity firm Hillhouse Investment is leading the round, with Gillian Tans , the former CEO of Booking.com, also participating. Today’s investment shouldn’t come as a surprise. The coronavirus pandemic has accelerated plans to transform European cities — and prioritize bikes over cars.