Electric car subscription service Onto raises £100 million (nearly €114 mn) from global investment group CDPQ and asset manager Pollen Street. This will enable Onto to expand the UK fleet; however, internationalisation appears to be on the back burner.
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California’s EV subscription service Autonomy has partnered with America’s largest automotive retailer AutoNation. Autonomy wants to expand the portfolio from Tesla cars into several EV brands and launch in more states across the US.
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‘Autonomy’ is a new offer in California where TrueCar founder Scott Painter offers Tesla Model 3 cars for a monthly flat rate. The new venture has acquired about 100 vehicles from Tesla and has ambitious expansion plans.
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BP took its first major step into electrification in the US with the acquisition of Amply Power, an EV charging and energy management provider for fleets that operate trucks, transit and school buses, vans and light-duty vehicles.
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The new startup Gridtractor just launched in California to develop charging technology and energy management services for electric tractors and heavy farm equipment. In concrete terms, Gridtractor will help farmers integrate electric charging and V2G technology into their operations through a new SaaS model.
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Hyundai Motor Group, which includes Kia, announced expanding a partnership with ride-hailing service Grab in Southeast Asia. The focus is now on piloting new EV business models such as leasing EVs with a battery-as-a-service model or car-as-a-service model, to facilitate the switch for Grab drivers.
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Volocopter plans to launch its first commercial electric flight cab service in Singapore within the next three years, likely initially on a tourist route along the southern coast. In preparation for the upcoming launch, the German company has established Volocopter Asia Holding.
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Volocopter has completed the first manned test flight with their 2X electric aircraft in Singapore. The pilot covered a distance of approx. 1.5 km at an average height of 40 meters.
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The German aviation startup Volocopter is planning test flights in the centre of Singapore for the second half of 2019. The series of tests will focus on urban flight conditions and will validate the use of an electric aircraft in an urban environment. The next step will then be public demonstration flights.
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