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[Week 2, Feb 2022] Mobility News Archive


Lyft showed revenue growth, but didn't meet active riders expectation

  • [Q4] $969.9M revenue (YoY 70% increase); 7.7% adjusted margin (YoY 34 ppts increase)

  • [2021] $3.2B revenue (YoY 36% increase); 2.9% adjusted margin; 18.7M active riders as of Q4 (YoY 49% increase); $51.8 revenue per active rider (YoY 14% increase)

Read full IR report

Uber beats expectation on revenue

  • [Q4] $5.78B revenue (YoY 83% increase); $25.9B gross booking (YoY 51% increase)

  • [2021] $17.5B revenue (YoY 57% increase); $90.4B gross booking (YoY 56% increase)

Read full IR report


  • Volvo to invest $1.1B to Torslanda manufacturing plant in Sweden for fully electric cars

  • Volvo's Swedish factory to introduce mega casting method like Tesla

  • Tesla was holding $1.99B worth of Bitcoin at the end of 2021 with $27M total gains

  • Tesla to cut steering components of some Model 3 & Y cars to deal with chip shortage

  • Tesla applied to build a new cathode battery factory next to Gigafactory Texas

  • Nissan Motor to end new gasoline engines development for all markets except the US

  • Kia started to produce Sportage in Georgia US, along with Telluride, Sorento and K5

  • US automotive factories has another difficulties by Canadian truckers protests

  • Subaru's Solterra EV customers in the US will take a charging advantage from EVgo

  • Stellantis unveiled 2023 Alfa Romeo Tonale SUV

  • The US to invest $5B over 5 years for EV vehicle chargers

  • In CA, fewer autonomous vehicles tested on public roads in 2021, but drove more miles

  • AutoX, a Chinese autonomous-driving company, is about to test in SF with permits

  • Cruise to launch self-driving taxi and e-hail service in Dubai, Emirate by 2023

  • George Soros bought 20M shares of Rivian Automotive at the end of 2021

  • Xpeng expands to EU from Sweden with a self-operated store and selling in dealerships

  • Huawei won't be an automaker, but keeps partnering with OEMs to use self-driving tech

  • Public self-driving taxis were launched in western Seoul

  • Faraday Future partnered with Myoung Shin to produce FF81 EV in South Korea

  • Porsche acquired a stake in Fazua, a light e-bike manufacturer


  • Morai, a Korea-based automotive simulation startup, raised $20.8M Series B funding

  • Waabi, a self-driving truck tech startup, launched a closed-loop real-world testing simulator

  • What3Words addressing is available to Domino's pizza ordering platform

  • Lyft builds its own map platform to optimize uses cases for drivers

  • Harman to acquire Apostera, a German-based automotive AR tech company

  • Basemark, a Finnish automotive software company, to provide AR application for BMW iX

  • Shift5 raised $50M Series B funding for a solution preventing transport cyber attacks


  • Swing, a Korean e-scooter startup, raised $24M Series B funding for expansion to Japan

  • Gojek launched GoCar Premium, on-demand luxury car-hailing service in Singapore

  • Acton, a US e-mobility startup, acquired Duckt for docking and charging services

  • GoTo Global, an Israeli car-sharing company, to go public through a shell company merger

  • Jeep and Razor sell an e-scooter for off-road riding

  • Neuron Mobility integrated its e-scooter service with Google Maps in UK

  • Helbiz, a NY-based e-scooter company, integrated Klarna's buy now pay later option


  • SK Telecom partnered with Joby Aviation to develop eVTOL taxis

  • Frontier to buy Spirit Airlines for $2.9B and become the 5th largest air carrier in the US

  • Regent's e-seaglider flying low over the water raised $18M funding with sales to Mesa Air

  • Odys Aviation raised $12.4M funding with VTOL after rebranding from Craft Aerospace

  • 40 out of 49 newly launched SpaceX satellites fell out due to solar storm

  • Astra's first rocket failed to make a planned orbit


  • CATL was still the world's top selling battery firm in 2021 followed by LG Energy Solution

  • Graphex Technologies and Emerald Energy Solutions to process graphite in Michigan US

  • Renault backed a moratorium on deep-sea mining despite the France's investment priority

  • Nvidia canceled Arm acquisition, and SoftBank announced Arm's plan to go public in Q1

  • EU announced Chips Act to attract Asia and US key players to the region for manufacturing

Reports & Articles

  • TomTom Traffic Index 2021 (TomTom): Istanbul is the world's most congested city followed by Moscow, Kyiv, Bogota and Mumbai. Congestion level decreased by 10% compared to pre-COVID time.

  • Lifetime cost of small car $689,000; society subsidizes this ownership with $275,000 (Forbes): A Germany focused research calculates the lifetime ownership cost for personal vehicles, the most expensive household goods, including payments for maintenance as well as public costs for free parking spaces.

  • Why this could be a critical year for electric cars (The New York Times): A higher-level but comprehensive summary for the era of battery-powered vehicles including impacts on climate, labors in conventional car industries and raw materials pricing for batteries. Also see the readiness of respective OEMs for EVs.

  • Used car market up despite volatile year (SMMT): UK used car transactions increased YoY 11.5% in 2021 despite COVID restrictions. Petrol showed the highest transaction in fuel type. Ford Fiesta and Vauxhall Corsa are top 2 best-sold models.

If you need more readings...

  • Elon Musk's SpaceX Starship event leaves a lot of questions around the company's big rocket (TechCrunch)

  • Augmented reality finds a foothold in cars via safety features (TechCrunch)

  • Rivian loses its shine as investors fret about production delays (The New York Times)

  • The autonomous vehicle ecosystem landscape: 10th edition, January 2022 (Orsay Consulting)

  • Sidewalk detection and safety monitoring are creating 'watershed moment' for micromobility (Smartcitiesdive)

Cookies 🍪🍩

  • Tesla's Cybertruck has been delayed, but its hype is continued: A 3rd-party accessories for transforming from a truck to a boat

  • A Tesla FSD Beta driver posted a video: the vehicle is running into a pole

  • Schwarzenegger to be with BMW's EV in the Super Bowl ad

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