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Tesla rolls into a pressure cooker, Paris mulls its scooter future, and the double SPAC arrives

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Tesla rolls into a pressure cooker, Paris mulls its scooter future, and the double SPAC arrives

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. 

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. 

Let’s get right to it, shall we?

Top of mind for me this week is Tesla. I know, weird.

But really, it seems that pressure is coming from all sides these days. The company’s decision to slash prices has angered recent buyers (one only need to turn to Twitter to view the ire), shareholders are becoming more vocal about the lagging stock price (it fell more than 64% in the past year) and its facing mounting regulatory pressure over Autopilot and its so-called FSD software beta product that promises full self-driving. To be clear, Tesla vehicles are not self driving. The system is an advanced driver assistance product.

At any rate, these problems keep piling up. How much can the company take?

In the past, Tesla and its CEO Elon Musk have managed to wriggle free of criticism or concerns it was stagnating, often by showcasing a potential future product or hitting ambitious production and delivery goals.

But Tesla narrowly missed its own production and delivery guidance for the year, and Wall Street’s Q4 expectations. And shareholders, consumers and regulators seem to be tiring of this cycle. To me, this is just another indication that Tesla is starting to be viewed (and treated) more as a legacy automaker and not a whiz-bang upstart that can do no wrong.

You can drop us a note at tips@techcrunch.com. If you prefer to remain anonymous, click here to contact us, which includes SecureDrop (instructions here) and various encrypted messaging apps.

Micromobbin’

the station scooter1a

Rebecca Bellan was out this past week, but I still wanted to share a couple of interesting micromobbin’ stories reported by yours truly and Romain Dillet, who hails from France.

First up is Romain’s article that takes a look at Paris and its looming scooter decision that could upend the micromobility industry there. I recommend you read the entire article. Here’s a small taste.

On March 23rd, the fate of the 15,000 colorful electric scooters that currently spill across the streets of Paris could drastically change as the French capital weighs up whether or not to renew licenses for the three scooter companies currently operating in the city.

Romain gets right to the implications, which stretch far beyond Paris.

And this isn’t just going to impact Dott, Tier and Uber-affiliated Lime — the three companies that have held those licenses since 2020. The decision will set a precedent for the many cities around the world that have also let scooters onto their streets. If things don’t go their way, a negative decision in Paris could have a chilling effect on micromobility startups globally.


Next up is a more luxurious, high-performance scooter story. I’m talking about Bugatti, yes Bugatti, and its new electric scooter.

Bugatti, through a partnership with tech accessory company Bytech, launched a $1,200 electric scooter in 2022. The two companies paired up again for a second-generation scooter that is beefier, equipped with new features and colors, and has larger “self-repairing” tires.

The 2023 scooter is 10% larger than its predecessor and is equipped with a 36-volt/15.6Ah battery and an electric motor with a maximum output of 1,000 watts, according to the companies.

That battery and motor combo allows the scooter to handle up to an 18-degree incline, max speed of 22 miles per hour and can cover 35 miles on a single charge, according to the company. (That’s up from the 22-mile range in the previous model.)

No word yet on the pricing for this bigger second-generation model. Perhaps this is one of those “if you have to ask” moments. ;D

See ya next week!

Deal of the week

money the station

We’ve seen lots of SPACs the past two years. but what about a double SPAC? Yes, it has happened.

I’m talking about Wejo, the British automotive data exchange platform that went public in November 2021 after merging with special purpose acquisition company via Virtuoso Acquisition Corp at an implied $800 million valuation.

But what’s this? The company announced January 10 it has now agreed to merge with a SPAC created by private equity firm TKB Capital, in a deal that could raise up $100 million. And that’s money Wejo needs.

It seems that this latest SPAC is the buoy Wejo is using to keep it afloat. It’s not just that Wejo’s share price fell below $1 a share; the company is also burning through cash.

Wejo warned in November it had a $15 million cash balance, which would sustain the company for a “very short period of time.”

Wejo is about two years away from generating life-sustaining-nope-we’re-not-going-to-file-for-bankruptcy revenue. To add a little extra financial drama to the scenario, Wejo also owes Palantir millions of dollars, per an op-ed piece by Chris Bryant in Bloomberg.

This double SPAC is an odd one. I have this nagging feeling that some other failing SPACs will try this same tactic.

Other deals that got my attention this week …

Apollo Future Mobility Group agreed to buy Chinese electric vehicle maker WM Motor Holdings for $2.02 billion. The acquisition must still meet regulatory approvals.

Hystar, a green hydrogen startup based in Norway, raised $26 million in a Series B round co-led AP Ventures and Mitsubishi Corp. Other investors included Nippon Steel Trading, Belgium-based investment company Finindus, Hillhouse Investment, Trustbridge Partners, SINTEF Ventures and Firda.

Ottopia, an Israeli teleoperations company focused on the agriculture, construction, last-mile delivery, logistics and mobility industries, raised $14.5 million in its Series A funding round that attracted public transport giant ComfortDelGro as an investor. Other participants included AI Alliance Fund, MizMaa Ventures, IN Venture and Next Gear Ventures. T

Oxbotica, a startup out of England that develops software to power autonomous vehicles, raised $140 million in a Series C round that included investment from Japan’s Aioi Nissay Dowa Insurance Co. and corporate VC ENEOS Innovation Partners. Existing investors BGF, safety equipment group Halma, hospitality and recreation investor Hostplus, Kiko Ventures, the online shopping company Ocado Group, Tencent, Venture Science and automotive component maker ZF also participated.

Tianqi Lithium Corp. agreed to buy Australian lithium explorer Essential Metals Ltd in a A$136 million ($94 million) deal that is estimated to provide enough supply for around 10 million electric vehicles.

Notable reads and other tidbits

Autonomous vehicles

Aurora gives a progress report to FreightWaves.

What next for Pittsburgh’s autonomous vehicle scene?

ADAS

The National Highway Traffic Safety Administration is apparently “working really fast” on the Tesla Autopilot investigation it opened in August 2021. Speaking of pressure on Tesla, there may be even more coming after The Intercept published videos and photos of an eight-car pile-up on San Francisco’s Bay Bridge caused by a Tesla Model S. The driver claimed “Full Self-Driving” was active at the time of the crash.

Electric vehicles, batteries and charging

Lucid Group produced 7,180 of its luxury Air sedans in 2022, exceeding its previously lowered guidance for the year. Lucid adjusted its guidance last fall, stating it would produce 6,000 to 7,000 vehicles in 2022.

Nikola is officially moving its battery manufacturing from Cypress, California to its Coolidge, Arizona manufacturing facility. The move is expected to be completed early in the third quarter. Manufacturing will continue in Cypress through the second quarter.

Proterra produced its first commercial EV battery at its new factory in Greer, South Carolina. The company is calling the factory “Powered 1,” and believes it will be the largest battery manufacturing facility in the United States dedicated to electric commercial vehicles. 

Tesla plans to invest about $770 million into an expansion of its factory near Austin that includes a die shop, a facility for battery cell testing and another to manufacture cathode and drive units. Tesla indicated it wants to build the new facilities this year.

Zeekr, the premium brand under Geely Holding Co., started serial production of its second model, an electric van called Zeekr 009.

People

Carvana, the online used car dealer, continues to struggle and it’s cutting workers as sales slow and it attempts to manage its $7 billion debt load.

Cruise has Nilka Thomas as its new chief human resources officer. Thomas, who most recently served in a similar position at Lyft, succeeds Arden Hoffman at Cruise. Thomas also spent 13 years at Google leading efforts focused on recruitment, D&I, employee engagement, HR governance and employee relations.

Hyzon Motors, the heavy-duty fuel cell electric vehicle supplier, appointed John Edgley as president of international operations.

Scale AI, the San Francisco–based company that uses software and people to label image, text, voice and video data for companies building machine learning algorithms, laid off 20% of its workforce. The company did not say how many people work at Scale AI. However, back in February 2022, the company told TechCrunch it employed about 450 people.

source:https://techcrunch.com/2023/01/16/tesla-rolls-into-a-pressure-cooker-paris-mulls-its-scooter-future-and-the-double-spac-arrives/

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Unlocking the Potential of Kijiji Calgary Your Ultimate Guide

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Unlocking the Potential of Kijiji Calgary Your Ultimate Guide

Discover the ins and outs of Kijiji Calgary in this comprehensive guide. From buying and selling to finding your dream job, we’ve got you covered.

Introduction

In today’s digital age, online classified platforms have become the go-to destination for buying, selling, and connecting with local communities. One such platform that has gained immense popularity in Calgary is Kijiji. Whether you’re a seasoned Kijiji user or a newcomer, this article is your ultimate guide to unlocking the potential of Kijiji Calgary. We will delve into how to make the most of this platform, offering tips, tricks, and valuable insights to ensure a seamless experience.

1. Getting Started with Kijiji Calgary

Setting up your account and navigating the platform.

Kijiji Calgary is a user-friendly online marketplace that connects buyers and sellers. To get started, visit the Kijiji website and create an account. Once you’re in, familiarize yourself with the user interface, including how to search for items, post ads, and contact other users.

2. The Art of Buying on Kijiji

Finding great deals and securing your purchases.

Whether you’re looking for furniture, electronics, or even a new car, Kijiji Calgary offers a vast array of products and services. Learn how to refine your search, spot great deals, and negotiate with sellers to ensure you get the best value for your money.

3. Selling on Kijiji Calgary: Tips for Success

Maximizing your listings and reaching potential buyers.

Are you looking to declutter your home or start a side hustle? Selling on Kijiji is a fantastic option. We’ll guide you through the process of creating compelling listings, setting fair prices, and using promotional tools to attract potential buyers.

4. Navigating the Job Market on Kijiji

Finding employment opportunities and connecting with employers.

Kijiji isn’t just for buying and selling goods; it’s also a valuable resource for job seekers and employers alike. Discover how to search for job listings, create an attention-grabbing resume, and connect with potential employers in Calgary.

5. Safety First: Tips for Secure Transactions

Protecting yourself and your transactions.

Ensuring your safety when using online platforms like Kijiji is paramount. We’ll provide you with essential safety tips, including meeting in public places, verifying product authenticity, and recognizing potential scams.

6. Kijiji Calgary for Small Businesses

Leveraging the platform for business growth.

If you’re a small business owner in Calgary, Kijiji can be a powerful tool for reaching a local audience. Learn how to create effective business ads, manage customer inquiries, and boost your online presence.

7. Community and Events on Kijiji

Connecting with local communities and discovering events.

Kijiji isn’t just about transactions; it’s also a platform for building connections and exploring local events. Find out how to engage with your community, promote events, and discover exciting happenings in Calgary.

8. Kijiji Calgary: A Sustainable Choice

Reducing waste and promoting sustainability.

Buying and selling second-hand items on Kijiji contributes to a more sustainable lifestyle by extending the life cycle of products. Learn how to embrace sustainability through Kijiji and reduce your environmental footprint.

9. FAQs about Kijiji Calgary

How can I create an effective listing on Kijiji?

Creating an eye-catching title, providing detailed descriptions, and including high-quality photos are key to crafting a successful Kijiji listing.

Is it safe to meet with strangers for transactions on Kijiji?

While Kijiji is generally a safe platform, it’s essential to prioritize your safety. Always meet in public places, bring a friend if possible, and trust your instincts.

Can I use Kijiji Calgary for advertising my local business?

Absolutely! Kijiji is a fantastic platform to promote your local business. Create compelling ads, use targeted keywords, and engage with potential customers to maximize your reach.

How do I search for jobs on Kijiji Calgary?

To search for jobs on Kijiji Calgary, simply enter relevant keywords and filters in the search bar. Be sure to check listings regularly for the latest job opportunities.

What should I do if I encounter a suspicious ad or user?

If you come across a suspicious ad or user on Kijiji, report it immediately to the platform’s support team. Your vigilance helps keep the community safe.

Can I haggle over prices on Kijiji Calgary?

Yes, haggling is common on Kijiji. Politely negotiate with the seller to reach a mutually agreeable price.

Conclusion

Kijiji Calgary is more than just an online marketplace; it’s a dynamic platform that connects people, fosters sustainability, and facilitates community engagement. By following the tips and guidelines provided in this guide, you’ll be well on your way to harnessing the full potential of Kijiji Calgary. Whether you’re a buyer, seller, job seeker, or community enthusiast, Kijiji has something valuable to offer you.

Unlock the possibilities of Kijiji Calgary today and embark on a journey of convenience, sustainability, and community connection.

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The Ultimate Guide to Tree Services – Everything You Need to Know

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The Ultimate Guide to Tree Services - Everything You Need to Know

Streamline operations and workflow to maximize productivity, reduce downtime, and ensure a quality service experience. This includes developing standard operating procedures, improving communication, and encouraging teamwork. Be sure to ask the tree service about their credentials and certifications. Also, inquire about their insurance coverage. Having general liability and workman’s compensation coverage is essential.

Know the Type of Trees

There are several different types of trees on the planet. Some grow to be massive and reach hundreds of feet in height. Others are small and shrubby. They add beauty and value to a yard. To help identify a tree, consider the overall shape and size, bark, leaves or needles, flowers, fruit, leaf buds, and branch structure. Evergreens such as pines, spruces, firs, and cedars have needle-shaped leaves that differ in shape and arrangement on the twigs. Deciduous trees produce various fruits in size, color, and texture; some make seeds. If you’re using a tree service, for example, Tree Work Now, ask if the company is ISA certified and what types of insurance they carry. Liability insurance protects you if the tree service company damages your property, and workers’ compensation covers worker injuries.

Know the Height

There are a few different ways to measure the height of a tree. One easy way is to use a specially calibrated diameter tape called a d-tape. This can be purchased online or from some hardware stores. The best way to get an accurate measurement is to have two people. The person measuring the circumference should stand at least 4.5 feet away from the tree’s base and look it up. Then the other person can measure their height (or use a yardstick or meter ruler) and add that to their eye height to find the tree’s height.

Know the Location

Whether you live in an urban area or suburban neighborhood, qualified arborists know the pests, diseases, and other issues that affect your local trees. They can help you create a long-term plan for the health of your trees and shrubs to ensure your landscaping flourishes. Look for a company with liability insurance and worker’s compensation in case of any accidents while working on your trees. Also, ensure they use proper equipment and follow industry standards for safety, as failing to do so can result in significant damage and injury. Knowing if the company follows licensing and certification requirements is also essential.

Know the Health of the Tree

Trees are a valuable asset to a property, providing shade, cleaner air, and increased property value. However, these green assets are vulnerable to environmental stress and pests that can damage or even kill them. To ensure the health of your trees, you should regularly walk around them and look for abnormalities or defects. Warning signs include:

  • Visible insects.
  • Wilting leaves or branches.
  • An insufficient number of buds on fruit trees.
  • Holes in the bark.
  • Abnormal growth.
  • Oozing sap on evergreens.

You should select branches, twigs, and buds for cutting when pruning. Avoid cutting the trunk, as this may compromise its ability to heal correctly. It is also essential to cut just outside the “collar,” where a branch or twig meets the tree trunk.

Know the Needs of the Trees

Trees are resilient, but they need care and attention to thrive. Tree service companies offer various services that help ensure healthy trees on residential and commercial properties. For instance, a tree service company can prune your trees regularly to keep them healthy and reduce their risk of damage during storms. They can also provide services such as cabling and bracing, which improve the stability of weaker branches or trees. Without harming the trees, they can even exterminate pests like spruce, budworm, and pine beetles.

Moreover, they can prevent and mitigate the impact of storms on your trees by removing debris. They can also help you plant new trees and restore your landscape after a disaster. In addition, a tree service company can develop and implement business management software that helps with quoting, scheduling, job completion, and invoicing.

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M Bet: Your Ultimate Guide to Online Sports Betting

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M Bet: Your Ultimate Guide to Online Sports Betting

Explore the world of online sports betting with M Bet. From football to basketball and more, discover how M Bet offers an exciting platform for sports enthusiasts to wager on their favorite teams and games. Learn about the benefits, tips, and FAQs in this comprehensive guide.

Introduction:

In the realm of online sports betting, M Bet stands as a prominent platform that brings together sports enthusiasts and betting opportunities. From football fanatics to basketball buffs, M Bet offers a diverse range of sports and events to place bets on. In this article, we’ll delve into the ins and outs of M Bet, its features, benefits, and tips for successful betting. Whether you’re a seasoned bettor or new to the world of online wagering, this guide will equip you with the knowledge you need to make informed decisions and enjoy the thrill of sports betting.

M Bet: Exploring the World of Online Sports Betting

M Bet, a leading online sports betting platform, provides a user-friendly interface that caters to the preferences of both beginners and experienced bettors. With a wide array of sports and events to choose from, M Bet ensures that enthusiasts of various disciplines can engage in exciting wagering activities.

How Does M Bet Work?

M Bet operates on a straightforward principle: users can place bets on various sports events and predict the outcomes. The platform offers a range of betting options, from simple win/lose bets to more complex propositions like point spreads and over/under wagers. To get started, users create an account, deposit funds, and explore the available betting markets.

The Benefits of Betting with M Bet

  • Diverse Sports Coverage: M Bet caters to a multitude of sports, from popular choices like football, basketball, and soccer to niche options like rugby and tennis. This ensures that users can engage with the sports they’re passionate about.
  • Convenience: With M Bet, you can place bets from the comfort of your home or on the go. The platform’s mobile compatibility means you can wager anytime, anywhere.
  • Live Betting: M Bet offers live betting options, allowing users to place bets on ongoing events. This dynamic feature adds an extra layer of excitement to the betting experience.
  • Bonuses and Promotions: M Bet often provides users with enticing bonuses and promotions, enhancing the value of their bets and increasing potential winnings.
  • Secure and Reliable: M Bet employs robust security measures to protect user data and transactions. This ensures a safe and trustworthy betting environment.

Tips for Successful Betting on M Bet

  1. Research is Key: Before placing any bets, conduct thorough research on the teams, players, and recent performances. Informed decisions lead to better outcomes.
  2. Bankroll Management: Set a budget for your betting activities and stick to it. Avoid chasing losses and bet responsibly to maintain a positive experience.
  3. Understand the Odds: Different betting markets come with different odds. Familiarize yourself with how odds work to make calculated bets.
  4. Stay Informed: Keep an eye on sports news, injuries, and team dynamics. This information can impact the outcomes of games and influence your betting choices.
  5. Explore Different Markets: While favorites can be appealing, exploring less popular markets can yield better odds and potential wins.

FAQs about M-Bet

Q: How do I create an account on M-Bet? A: To create an account on M-Bet, visit their official website and follow the registration process. Provide the necessary information and verify your account to start betting.

Q: Is M-Bet legal and regulated? A: Yes, M-Bet operates under the guidelines of regulatory authorities, ensuring a legal and secure betting experience.

Q: Can I bet on live games? A: Absolutely. M-Bet offers live betting options, allowing you to place bets on ongoing games and events.

Q: What payment methods are accepted on M-Bet? A: M-Bet supports various payment methods, including credit/debit cards, e-wallets, and bank transfers.

Q: Are there any bonuses for new users? A: Yes, M-Bet often offers welcome bonuses and promotions for new users, enhancing their betting experience.

Q: How can I contact M-Bet’s customer support? A: You can reach out to M-Bet’s customer support through the provided contact details on their website.

Conclusion

M Bet opens up a world of excitement and opportunities for sports enthusiasts to engage in online betting. With a user-friendly platform, diverse sports coverage, and valuable tips, M-Bet caters to both beginners and experienced bettors. Remember to bet responsibly, stay informed, and make the most of the benefits M-Bet has to offer.

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