Via raises $492.9M in IPO, and German automakers go on the offensive

Welcome back! Did you miss me? Yes, of course you did. There are plenty of “transporting future” news to keep track. Let’s jump.

This is the Week of the Real, and I’m not just coming back from the vacation. I am talking about the biennial IAA mobility conference in Munich and the purposeful efforts between German automakers, it is still compulsory, technically advanced and affordable vehicles to show the world. Subtexts of the Splash Events, which start on Tuesday: “Hey, China, we’re not out of the race.”

VW, MercedesAnd BMW All the electronic, including numerous new vehicles, have displayed. And the executors shouted in their battle: VW Group Oliver Bloom In a few interviews with journalists a bullish tone was hit and placed the company’s plan ChinaEspecially with EVS, a section where the VW is lagging behind.

But what will happen on the front of the house? Chinese Automakers are pressing Europe, and customers respond. German Automakers are expecting their latest products-a new All-Electric Mercedes GLC, BMW IX 3’s four “Superbren” computers, and Volkswagen ID polo and ID cross concept-will also increase the share of the market and even market shares. However, they have some work to do. Chinese companies like BYD have doubled their market shares in Europe in the past one year, Jato has reported the dynamics In July

Another IAA News Note item: RemackThe Tech & Parts Unit of the Remack Group has developed Solid-State Battery Packs It says that these batteries are apparently packed in energy and can be charged from 10% to 80% Below 10 minutesThe

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A little bird

Hundai Still seem to be committed GrossAccording to two small birds sharing the new investment information with me.

Hyundai and APTIV created a joint venture (known as motional) with an agreement to invest $ 4 billion in investing in this effort. APTV supports Hyundai to invest his own money in early 2024, finding out other partners in the outside, or in order to completely close the program. Hyundai chose Investment is $ 1 billion – As part of a broad contract, it has become directly $ 475 million in Moti, which includes buying a joint venture partner. Hyundai has agreed to spend another $ 448 million to buy 11% of the general equity interest in the epive.

Now it appears that Hyundai is investing more in two trains. The first one is being spread this year and it is about $ 452 million. The second comes next year, and I’m still trying to nail that amount. That contains compatibility with the first image Reported from a Korean outletThe Hyundai has rejected (several times!) To answer my question about funds. Big corporations are quite common for mom to stay. However, a small bird in the deepest of the AV industry also mentions that Hyundai is also working with Weemo, but does not want to make a big deal in this regard.

In other small bird chipping, there are two new fares General motor So that you can find attractive. Soni MohapatraFormer Senior Manager of Cruise’s AI Comput Platform has landed as director of AI and Machine Learning Engineering on General Motors. And Paul MensonWho was the Senior Staff Account Manager of Megpack TeslaNow General Motors is the director of business development in the energy storage system.

Have a tip for us? Email at Korstene Korosec kersten.korosec@techcranch.com Or at Caucorosec.07 my signal, or shan o’acane a sean.okane@techcranch.comThe

Deal!

ThroughThe IPO has debuted on the transit software startup that has attracted attention for his customer-facing on-digging shuttle service. The company, as I mentioned earlier, has been batting around the IPO for years.

Earlier this year, it filed secretly for an IPO – it took the second time. But this time, Via took the big IPO leap. The company, which is known for the app on Citimapa Mobile, says it 10.7 million shares have been sold For $ 46 per share. All in all, $ 492.9 million dollars through this in evaluating a $ 3.7 billion. This is somewhat above its $ 3.5 billion assessment that it returned to extend its last initiative in 2023.

We had to fold this newsletter before officially starting trade, but I’ll be back with an update next week.

Other Deals that have attracted my attention …

Arc boatLos Angeles Startup is established by former SpaceX employees in 2021, signed $ 160 million deal The new hybrid-electric tug is expected to hit the surrounding water around the port of Los Angeles in 2027, including cartin maritime.

LedeenzerStartup of the Netherlands -based battery materials, Raised 13 million dollars ($ 15.2 million) in a round led by Exteantia and Invest-NL.

StandardA Fleet Management Software Agency, Has collected $ 13 million In a series led by Nova Threshold with the participation of Wex Venture Capital, SNR, Gary Tan (CEO of Wi -Combinator), Salil Deshpande (uncontrolled initiatives), and Apurov Vergava (Wavegrid). Returning investors include Barsta Capital, Canvas Ventures, Liquid 2, Night Capital, Olive capital, UP 2398 and Danny Wayne.

Significant lessons and other TDBITS

The Federal Aviation Administration Declared a The new pilot program It allows the electronic vertical takeoff and landing (EVTL) startups to test some activities before receiving a full regulatory certificate.

Hundai’s Once the betting electric air taxi startup Superpare There is a problem getting down from the ground. Organization Break the job in its aircraft program A few months later, two people known about the matter were told by TechCRANCH, who cut staff and its CEO and CEO and CTO’s departure.

IndriveMountain View-based startup that started in Siberia and it is known for bid-based ride-helling models across Asia and Latin America, it wants to be a global super app. What is it and where it is noticedThe

Jaguar Land Rover Says Cybertack The assembly lines of the vehicle were halted.

Lift And May cause mobility The first commercial deployment of two companies has launched a robotuxi service in Atlanta.

Nevar Professional Protection and Health Administration Open An annoying agency employee works on a tunnel in Las Vegas after enduring “crushing injury”. Work on the site has stopped.

Tesla Have the correct permission Start the test Autonomous Vehicles Technology on Public Roads in Nevada. As I explained in this article, it is straight and easy to secure an exam permit in the state. (Simply fill in the registry form, and confirm that you have the appropriate $ 5 million insurance coverage)) Tesla still needs to complete the self-chase process to be able to roll out an entire program. And the management of commercial ride-hilling services will require separate approval for it.

Uber And start Chinese autonomous vehicles Moment Plan to get started Robotaxis test Starts in Munich 2026.

The US judiciary Have filed a case Against UberComplaint to the ride-hilling company on charges of violating the Federal law by treating people with physical disabilities.

One more thing…

Disrupted TechCrunch 2025 Around the corner – about six weeks or between. And there are some high-profile people in the transport world that we come to our stage at the Moscone Center in San Francisco. The event, which will be held on 27th to 29, will be included in it Wave Co-founder and CEO Alex kendall, Wemo Co-CEO TacadraAnd Flaxport Founder and CEO Ryan PetersonThe And something more is coming. Stay

You can Buy tickets hereThe And check out our startup battlefield 200, at Quite incredible list of startups It appears – and pitching something in the main stage.