By collecting $ 492.9 million in public subscription, German car industries go to the attack

Welcome to your return! did you miss me Yes, of course I did. There is a lot of “future transportation” news to track. Let’s jump.

It is the return week, not only because I am back from leave. I am talking about the IAA Conference for Mobility in two years in Munich and the calm effort between German car manufacturers to show the world that it can still provide convincing and technically advanced vehicles at reasonable prices. The sub -text of the Splashy event that started on Tuesday: “Hey, China, we are not outside the race.”

VW Groupand MercedesAnd BMW All new compounds, including those electrical, have been offered. The executives made their screams: Volkswagen Group Oliver Bloom Hit a bullish tone in some interviews with correspondents and put the company’s plan to be Competitive in ChinaEspecially with EVS, category where VW.

But what about the internal front? Chinese car manufacturers were pushing to Europe, and consumers responded. German automobile companies hope for their latest products-including the entire new Mercedes GLC, BMW IX3 with four “Superbrain” computers, Polkswagen ID Polo and ID Cross Concept- will maintain its share in the market. But they have some work to do it. Chinese companies like BYD have doubled their market share in Europe during the past year, Jato Dynamics mentioned In July.

Another IAA news from the note: Rimac technologyThe technology and spare parts unit developed in the RIMAC group Solid state battery packs It says it will be available by late 2027. These batteries are packed in energy and can be charged from 10 % to 80 % in Less than 10 minutes.

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Hyundai It seems still committed mobilityAccording to two of two birds, they shared new investment information with me.

Hyundai and Aptiv created a joint venture (called Motional) with an agreement to invest $ 4 billion in this effort. Aptiv fell in early 2024, leaving Hyundai either investing its own money, finding other external partners, or closing the program completely. Hyundai chose Invest one billion dollars – 475 million dollars directly in Motional as part of a broader deal that includes the purchase of the Aptiv joint project partner. Hyundai agreed to spend another $ 448 million to buy 11 % of APTIV’s joint interest in Motial.

Now it seems that Hyundai is investing more in the movement in slices. The first is separated this year and is about 452 million dollars. The second comes next year, and I am still trying to shed this amount. This first number is in line with Submit reports from a Korean port. Hyundai (several times!) Refused to answer my questions about financing. This is greatly typical for big companies to keep my mom. However, one small, deep bird in the AV industry also indicated that Hyundai may not want to achieve a big deal about this, taking into account that it also works with Waymo.

In Chiripss other small birds, there are two new appointments in General Motors You may find interesting. Sony MohabatraThe former first manager of AI Compute’s platforms in Cruise, as AI and AI’s engineering engineering at General Motors. and Paul MinsonWho was the director of the great employee account in Megapack in TimingHe is now the director of energy storage development in General Motors.

Do you have advice to us? Email Kirsten Korosec in [email protected] Or a sign at Kkorosec.07, or Sean Okan in [email protected].

Deals!

viaThe Transit Software, which attracted attention to the shuttle service facing the consumer upon request, was started for the first time in the public subscription. The company, as I mentioned before, was wandering in plans for public subscription for years.

Earlier this year, a public subscription company – the second time that took this step. But this time, in VIA, the big public subscription leap took. The company, which is famous for the Citymapper Mobile Savigation application 10.7 million shares sold For $ 46 per share. In total, by raising $ 492.9 million, evaluating $ 3.7 billion. This is slightly more than $ 3.5 billion in evaluation again in 2023 during the last project increase.

We had to conclude this newsletter before it officially started circulating, but I would return next week with an update.

Other deals caught my attention …

Sagittarius boatsLos Angeles, an emerging company, was established in 2021 by former Spacex employees, signed a Holding 160 million dollars With Curtin Maritime for the new hybrid electric train, which is expected to reach the water around the Los Angeles port in 2027.

LedgardStart battery materials in the Netherlands, Collect 13 million euros ($ 15.2 million) on a tour led by Extantia and Invest-NL.

Standard fleetFleet management software, Rapid 13 million dollars In a tour of the series, led by the Nova threshold, with the participation of Wex Venture Capital, SNR, Garry Tan (CEO of Y Combinator), Salil Deshpande (unrelated projects), and Apoorv Bhargava (WeaveGrid). Burst Capital, Canvas Ventures, Liquid 2, Night Capital, Olive Capital, UP2398 and Danny Wen.

Promise readings and other tales

the Federal Aviation Administration A A new experimental program This will allow this to test some operations before obtaining a full organizational certificate.

Hyundai Start the electric air taxi once Supernatural It faces a problem with the land. Company Stop temporarily in the aircraft program After a few rock months, employee discounts and the CEO of CTO left, two people who are familiar with this issue of Techcrunch.

IndriveMountain Vio’s emerging, which started in Siberia and is known for its bid -based riding model throughout Asia and Latin America, wants to be a super global application. Here is what and where are you targeting?.

Jaguar Land Rover He said Electronic attack The vehicle assembly lines were brought to a dead end.

Lift and You may move The Robotaxi service in Atlanta was launched, the first commercial publication process in the partnership of the two companies.

Nevada Occupational Safety and Health Department Opening the investigation After a boring company employee was injured in a “crushing injury”, working on one of its tunnels in Las Vegas. The work stopped on the site.

Timing He has a suitable permit for Start the test The technique of autonomous vehicles on public roads in Nevada. As I explain in this article, securing a test permit in the state is clear and easy. (You only need to fill the registration form, and make sure that you have a suitable insurance coverage of $ 5 million.) Tesla will still need to complete the self -arrangements process to be able to launch a full program. You will need separate approval to run a commercial service for riding.

Uber And start operating independent Chinese vehicles Momentum Plans to start Robotaki test In Munich starting in 2026.

the US Department of Justice litigate against UberAccusing the horseback company of violating federal law by discrimination against persons with physical disabilities.

Another thing …

Techcrunch crashes 2025 It is just around the corner – in about six weeks or so. We have some prominent people from the world of transport who have reached our stage in the Moscow Center in San Francisco. The event, which will be held 27 to 29 October, will include, Road Participant founder and CEO Alex Kendalland And emo CO-CEO TakedraAnd Flexport Founder and CEO Ryan Petersen. And more coming. Stay followers.

You can Buy tickets here. And make sure to review the start of Battlefield 200, a An incredible list of startups This will be presented – and some pronunciation on the main stage.