Tesla rolls into a pressure cooker, Paris mulls its scooter future, and the double SPAC arrives
Summary
Rebecca Bellan was out this past week, but I still wanted to share a couple of interesting micromobbin’ stories reported by yours truly and Romain Dillet, who hails from France. Other deals that got my attention this week … Apollo Future Mobility Group agreed to buy Chinese electric vehicle maker WM Motor Holdings for $2.02 billion. Ottopia, an Israeli teleoperations company focused on the agriculture, construction, last-mile delivery, logistics and mobility industries, raised $14.5 million in its Series A funding round that attracted public transport giant ComfortDelGro as an investor. T Oxbotica, a startup out of England that develops software to power autonomous vehicles, raised $140 million in a Series C round that included investment from Japan’s Aioi Nissay Dowa Insurance Co. and corporate VC ENEOS Innovation Partners. Tesla plans to invest about $770 million into an expansion of its factory near Austin that includes a die shop, a facility for battery cell testing and another to manufacture cathode and drive units.
