Transportation

HT Aero, an urban air mobility (UAM) company that’s an affiliate of Chinese electric vehicle manufacturer Xpeng, has announced a $500 million Series A raise. The company will use the funds to acquire top-tier talent, advance R&D and “continue to gain airworthiness provision and cert

Shared micromobility operator Lime is on track for third quarter adjusted EBITDA profitability, marking this as the second profitable quarter in the company’s history, according to CEO Wayne Ting. During the Wall Street Journal Tech Live event, Ting said COVID has turned from a “headwin

Ford Motor Company is investing $316 million (£230 million) to transform its Halewood, U.K. vehicle transmission facility into an electric power unit plant, making it Ford’s first EV component in-house assembly site in Europe. The investment is subject to and includes about $42 million (£30

Alaska Airlines has become the latest major airline to enter corporate investing with the launch of a new venture capital arm, dubbed Alaska Star Ventures, as the aviation industry looks to emerging technologies to help decarbonize air travel. Alaska Star Ventures' first investment, to the tune

Zoox, the autonomous vehicle startup acquired last year by Amazon, is expanding to Seattle. The company plans to open in 2022 an engineering office and operations facility, which will act as a base for its autonomous vehicle testing, Zoox, which today employs more than 1,300 people, tests its auton

Toyota Motor is joining other major automakers in putting its money behind electrification, saying Monday it would invest $3.4 billion in battery development and production in the United States through the end of the decade. The investment, which comes through the Japanese automaker's North Ame

Stellantis, the automaker formed through a merger with Fiat Chrysler Automobiles and Groupe PSA, has reached a preliminary deal with LG Energy Solution to produce battery cells and modules in North America. The deal, which still must be approved by regulators, is part of Stellantis’ plan to i

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. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point

Uber is testing Pool Chance, a feature that lets riders heading in the same direction share the cost of the journey, in Kenya, with plans to roll out the low-cost service to Ghana and Nigeria. technewss discovered the option when booking a car in Nairobi, Kenya. An Uber spokesperson later confirme

In emerging economies, where spending billions to build public transit infrastructure can be out of reach, startups are using technology to meet the mobility needs of a rising urban middle class. Swvl, Treepz, Jatri, SafeBoda, Urbvan, Chalo and Buser are just a few of the startups that have popped

The all-electric Porsche Taycan outsold the German automaker’s iconic internal combustion-powered 911 sports car in the first nine months of the year, a milestone for the EV that was introduced in late 2019. The sales figures released Friday show that Porsche delivered 217,198 vehicles worldw

Tesla now offers car insurance in Texas, its new home state, a couple of years after launching the product in California. According to Electrek, though, the insurance available to Texans is quite different than the one owners can get in The Golden State: It calculates for a customer’s insuran

Rad Power Bikes founder Mike Radenbaugh grew up among the Redwood trees on the Lost Coast of Northern California with “tree hugger parents and tree hugger neighbors,” and a life connected to nature. This exposed the founder not only to alternative ways of living that are more responsibl

Spotify’s in-car entertainment system known as just “Car Thing,” launched this spring on an invite-only basis, is now becoming more broadly available. The company announced today Car Thing will become available to U.S. users who want to purchase the $79.99 device. Previously, Spot