The Station: Lyft’s bikeshare play, Tesla’s Q1 warning and big bucks for Musk’s tunnel startup
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. As […]
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox.
Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.
As I mentioned last week, the agenda is out for TC Sessions: Mobility 2022. I think we put together a pretty sweet program and there will be a couple of more announcements to come.
I do have a special offer to my subscribers who are interested in the event. Complete the form found here to receive a code for a free Expo Only ticket to TC Sessions: Mobility. We have 15 free Expo Only passes available, and will be given out on a first-come-first-served basis. Once you complete this brief form you will be sent an email during the week of April 25 with your offer. If you’re not one of the first 15, we will send you a code for a significant discount as we want to thank you for subscribing to the Station!
The Expo Only passes won’t give you access to the main stage (that’s where I will be!) but it will let you mix it up with startup founders in the expo area, attend the breakout sessions and get exclusive analyst content online with replays of the breakout sessions on May 20 only.
A few other recommendations: Check out this EV SPAC guide (TC+ subscription) from Jaclyn Trop. Think of this as a living document that we will continue to update. As she writes: “If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand.”
Please check out another TC+ story from Rebecca Bellan. This is the latest in her ongoing founder Q&A series. This week, she interviewed Steer founder Anuja Sonalker.
And for fun, I propose that Stellantis make three of the Jeep concepts I recently tested during Easter Jeep Safari.
As always, you can email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions or tips. You also can send a direct message to Kirsten at Twitter — @kirstenkorosec.
Micromobbin’
Lots to get to this week; let’s dig in.
Putting the “hell” in Helbiz
Helbiz finally got around to publishing its 2021 earnings (quite late, I may add), and I decided to take a look at it under a microscope to try to make sense of it all. I’m still maddeningly confused as to how this company is keeping its head above water as it continues to spend far more than it earns with little cash to back up its wild forays into new business verticals – from shared micromobility and advertising to cryptocurrency and ghost kitchens, a sports streaming platform, and most recently, collabing on electric car rentals.
Going through the earnings sheet, which shows nearly $80 million in losses on a $12 million revenue and a CEO being paid close to $3 million, Alex Wilhelm and I wanted to know: Is Helbiz’s business philosophy based on the tried-and-true method of throwing wet spaghetti at the wall to see what sticks? And that what sticks will magically help the company raise more capital?
