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The year in transportation has been eventful, with bankruptcies plaguing companies like Canoo and Nikola. The latest casualties are Rad Power Bikes and Luminar, both filing for Chapter 11 bankruptcy protection. Rad Power Bikes is looking to sell the business within 45-60 days, while Luminar plans to sell off its business entirely.
Despite these setbacks, 2025 has seen significant innovation and growth in the emerging robotaxi industry. Companies like Waymo, Zoox, and Tesla are leading the charge, with fierce competition expected in 2026. Safety and integration of robotaxis into daily life will be key focus areas moving forward.
Electric vehicles (EVs) have faced challenges this year, leading automakers like Ford to pivot towards hybrids and gas-powered vehicles. Ford is discontinuing the fully-electric F-150 Lightning in favor of an extended range electric version. Additionally, Rivian and Slate Auto are gearing up to launch more affordable electric trucks in the near future.
As we wrap up the year, JS Mobility will be heading to CES in Las Vegas. We appreciate all our readers for their engagement and feedback throughout the year. Stay tuned for more exciting updates in 2026!
In other news, Spinny, an Indian online marketplace for used cars, is raising $160 million to acquire car services startup GoMechanic. The Series G round values Spinny at about $1.8 billion post-money. For more tips and news, reach out to our reporters via email or Signal.
Deals in the industry include Boatsetter and GetMyBoat merging, Cowboy being acquired by ReBirth Group Holding, and Nirvana Insurance raising $100 million in Series D funding. Notable reads include Redwood’s Battery Collection Bin launch and Rivian’s Universal Hands-Free driving update.
Stay tuned for more updates on industry trends, CEO appointments, and regulatory challenges facing companies like Tesla. The future of transportation is evolving rapidly, and JS Mobility will continue to bring you the latest insights and analysis.
