In business news, European micromobility companies Dott and Tier plan to merge amidst industry struggles. Munich-based startup Finn raised €100 million in a Series C round, and Phoenix Motor acquired Proterra’s transit business line. The author also discusses developments in autonomous vehicles, electric vehicles, and in-car tech. Notably, Google has introduced a feature showing real-time battery info in Google Maps, Hertz is reducing its EV investments, and Tesla is selling its revamped Model 3 sedan in the US.
Key takeaways:
- The weekly transportation newsletter "The Station" is being retired and will be replaced by "TechCrunch Mobility".
- Major transportation tech trends at CES 2024 included AI, EVs, automated driving, in-car tech, and software-defined cars.
- European micromobility companies Dott and Tier have announced plans to merge, as the industry faces challenges with free-floating scooter and e-bike companies struggling.
- Notable deals include Munich-based startup Finn raising €100 million in a Series C round, and Phoenix Motor acquiring bankrupt Proterra’s transit business line.