– Fines for Cruise, TuSimple leaves the U.S., and a new reporter joins TC transpo team

The Station is a weekly newsletter dedicated to all things transportation. You can sign up to receive the newsletter every weekend in your inbox by clicking The Station here. Get it for free. Welcome back to The Station, your central hub for all means of moving people and packages from Point A to Point B. Hello everyone! I’m back from the Chevy Blazer EV press drive and I have some thoughts! But you’ll have to wait until later this week to read about it. Former TC contributor turned InsideEVs editor Patrick George gleaned one important news item during the press drive. GM killed the Chevy Bolt and Bolt EUV and then decided to bring it back under the new Ultium platform. When it does come back, it will only be the EUV. The smaller and original Bolt EV is done. How will this affect GM’s subsidiary Cruise, which uses an autonomous version of the Bolt, if Cruise returns to operations in 2024? A couple more important items to share. I am a regular on the Equity podcast with TC+ editor Alex Wilhelm and senior reporter Mary Ann Azevedo. Listen to the latest episode here. And finally, we hired Sean O’Kane as a senior reporter covering all things transportation. O’Kane hails from Bloomberg by way of The Verge and has investigative and storytelling skills. Want to reach out with a tip, comment or complaint? Email Kirsten at kirsten.korosec@techcrunch.com or Rebecca at rebecca.techcrunch@gmail.com. Reminder that you can drop us a note at tips@techcrunch.com. If you prefer to remain anonymous, click here to contact us, which includes SecureDrop and various encrypted messaging apps. Deal of the week Automakers are eager to bring sophisticated digital platforms into vehicles. However, one startup is cashing in on that demand. Cubic Telecom, a networking system developer, picked up €473 million ($513 million) from SoftBank Corp, making it a consolidated subsidiary of SoftBank. Barry Napier will stay on as CEO, and Daichi Nozaki, SoftBank’s SVP of global business, plus two other SoftBank-appointed people will join the board. AM Batteries, a lithium-ion dry-electrode technology startup, raised $30 million in a Series B round led by Toyota Ventures. Generac Power Systems made a minority investment in EV charging and energy management company Wallbox. Foretellix, which builds verification and validation solutions to test driver assistance and autonomous vehicle systems, raised $42 million to close out its Series C at $85 million. Stuart, a last-mile delivery platform, was acquired by Munich-based private equity holding company Mutares. Notable reads and other tidbits Autonomous vehicles. The Autonomous Vehicle Industry Association, the U.S. Chamber of Commerce, Alliance for Automotive Innovation and others sent a letter to Department of Transportation Secretary Pete Buttigieg imploring the agency to support the development of AVs. Cruise may face fines and sanctions after failing to disclose details of an incident where one of its vehicles dragged a pedestrian. Ganesh Venkataramanan, who led Tesla’s Dojo supercomputer project for five years, left the company. Kodiak Robotics showcased the autonomous vehicle borne out of a $50 million two-year contract awarded by the U.S. Department of Defense, and more specifically the U.S. Army…

Author photo
Publication date:
Author: admin