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Finally, I wanted to share an interesting market analysis piece by reporter Haje Van Kamps about an EV trend in the United States to go big. Stellantis has invested about one-third of its 300 million euro ($324M) fund into 10 startups (plus an unnamed mobility fund) since 2022 when its corporate venture arm launched.
The Station is a weekly newsletter focused on the future of transportation. This week, Toyota, Mercedes, Tesla and more are in the news.
FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!
Fernride's autonomous, electric trucks rely on remote human operators to ensure 100% uptime in logistics operations today.
Fernride has figured out a way to launch a commercially viable autonomous, electric truck business today. Most AV trucking companies are going after the moonshot: Using self-driving freight trucks — typically 18-wheelers — to haul goods over long distances. Startups like Waymo, TuSimple, Kodiak Robotics and Aurora have all had commercial pilot projects and are actively testing on public highways in Texas, Arizona and other southern states.