Finn €1bn, Archer $300M, Lyft ??????Mobileye, Getaround ?????, Turo ? IPO, Ush ???? in Belgium and Bolt in ????

Bolt to launch ride-hailing services in Canada, under the “Hopp” brand name, starting with? Greater Toronto. Remember that a company named Bolt Mobility shut down in 2022, so Bolt isn’t such a good brand name in North America. Bolt/Hopp is currently recruiting drivers. Earlier this month the company won its first city micromobility contract, starting in Washington D.C.?

Getaround is shutting down its US operations (inc. HyreCar) to focus on its European operations in Norway, Spain, France, Germany, Belgium and Austria. US users had only a few days to return vehicles, at which point insurance was no longer available to them. Over the years Getaround raised over $760M and was at peak valued at $1.2 billion; market cap today is circa $1.2 - million. Is the P2P model broken or is down to (old) management underperforming and Turo dominating the market??

Ush and Poppy – subsidiaries of D’Ieteren - partnered with Vay to roll out Belgium’s first commercial remote-driven car service - delivering rental cars around the Port of Antwerp-Bruges. Poppy is the car-share service; Ush operates the teledriving; and Vay supplies the tech. Phase 1 will see initial two car deployment on a defined route, safety driver included. By the end of 2025, there should be full scale deployment in the port, without a safety driver. Ush plans on commercial operations in Antwerp in 2026.?

Archer raises $300M equity raise from institutional investors. This raise follows a $340M raise back in December, to develop Archer’s defense program, and this money, giving the company a liquidity of $1 billion, will go toward the same goal. The advantage of eVTOL lies in its lower noise and lower heat signature. That enables it to blend in more easily. The company is still very much working on civilian use cases, with the first air-taxi service to fly in the UAE in 2025 and more cities in the US, India and South Korea planned for 2026.?

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