BOSTON, April 29, 2025 /PRNewswire/ -- indiGOtech (Tradename: GO), a new mobility tech company based in Massachusetts, today announced it closed a $54 million Series BB funding round, including investments from FedEx (NYSE: FDX), Foxconn (2354.TW) and FM Capital. These investments accelerate GO's mission to provide sustainable local transport, leveraging its patented SmartWheels™, Smart EVs and Smart Mobility Services. Mobility Network Companies (MNCs) today all compete for gig drivers that mostly use gas c ...

Financial Data and Key Metrics Changes - The company generated revenue of $18,700,000 for the year 2024, exceeding the guidance of $16,600,000 by $2,100,000, primarily due to the monetization of the ride-hailing service which began in October 2024 [21] - Adjusted EBITDA was negative $19,300,000, better than the guidance of negative $22,500,000, driven by operational efficiencies in the two-wheeled electric vehicle service [21][25] - Total rides increased from 21,900,000 in 2023 to 31,700,000 in 2024, with unique riders growing from 1,800,000 to 2,100,000 [21][22] Business Line Data and Key Metrics Changes - The number of unique ride-hailing riders increased from approximately 499,000 in 2023 to 1,660,000 in 2024, while registered drivers grew from 107,000 to 262,000 [10][22] - The average daily two-wheeled electric vehicles deployed decreased from 34,600 in 2023 to 32,600 in 2024 due to the gradual decommissioning of the fleet [22] Market Data and Key Metrics Changes - The company is the number one urban mobility app in Turkey, serving over 109,400,000 rides to 5,900,000 unique riders since launch [8] - The company operates in four of Turkey's largest cities, which account for 50% of the country's GDP and 34% of its population [9] Company Strategy and Development Direction - The company has shifted its primary focus to ride-hailing, aiming to double revenue to $34,000,000 in 2025 and achieve positive adjusted EBITDA [7][25] - Plans to expand into additional cities in Turkey are being considered for 2025 and beyond, with a focus on capturing a $3,000,000,000 annual revenue opportunity in the ride-hailing business [11][12] Management's Comments on Operating Environment and Future Outlook - Management believes that Turkey's ride-hailing market is underdeveloped and presents significant growth opportunities, with a strong demand for tech-enabled mobility solutions [12][42] - The company is prepared for competition and believes its first-mover advantage will help maintain market leadership [39][40] Other Important Information - The company has implemented a share repurchase program allowing for the purchase of up to $3,500,000 of ordinary shares [25] - The acquisition of Zoba's AI-powered software has improved operational efficiency in the two-wheeled electric vehicle business, achieving higher daily rides per vehicle [17] Q&A Session Summary Question: Can you talk about the dynamic pricing and its impact on ride-hailing monetization? - Management explained that dynamic pricing adjusts based on demand and supply, significantly improving match rates and overall metrics [30][31] Question: How is the driver supply growing on the platform? - Management noted that the demand for ride-hailing is high in Turkey, leading to strong growth in driver applications and increased activity among registered drivers [32][33] Question: How has the competitive environment evolved? - Management stated that they are the first mover in the market and expect to maintain a dominant position despite potential competition [38][39] Question: What is the regulatory backdrop for ride-hailing in Turkey? - Management indicated that Turkey is working on establishing regulations for ride-hailing, which is expected to align with global trends [41][42] Question: Can you discuss the assumptions behind the 2025 revenue guidance? - Management clarified that the guidance assumes continued operations in existing cities without new city launches and a similarly sized G&A team [52][54] Question: What is the company's cash position and monthly burn rate? - The company reported a cash position of approximately $5,000,000 at the end of the year, with a forecasted EBITDA of $3,000,000 for 2025 [71][72] Question: How does the company balance growth versus profitability? - Management emphasized a focus on growth in the ride-hailing market, with plans to explore other verticals only after fully capturing the ride-hailing opportunity [84]

从区域分布来看，苏南地区仍是我省铁路客发的主要地区，全省铁路客发排名前十的车站中有7个在苏南，前三名更是被苏南包揽，其中排名第一的南京 南站今年已累计发送旅客2003万人次，占到全省的1/5。苏中苏北地区以及近几年新开通线路的车站则在增速上领跑全省，扬州、姜堰、如皋、观音机场 以及沪宁沿江高铁沿线的句容、武进、江阴、张家港等站增速是全省的2倍以上，部分车站增速甚至超过50%。 从时间进程来看，1月13日突破1000万，3月3日突破5000万，4月28日突破1亿人次，均快于去年。春运、春游两大超长黄金运输期的火热表现，使得今年 客运破亿势如破竹。 今年春运自1月14日始，至2月22日结束，江苏铁路火力全开，40天累计发送旅客3303万人次，日均82.6万人次，同比增长8.88%，创历年春运新高，客发 总量、客发增速、单日最高客发量三项均排名长三角首位！3月14日至4月14日的春游运输更是热力十足，江苏铁路32天发送旅客3050万人次，其中清明假 期铁路运输连续5天单日客发突破100万人次，4月6日最高峰达到创纪录的158万人次，打破全省单日最高客发量、清明假期客发总量、全省春游运输客发 总量、春游运输百万客发天 ...

Marks Expansion Beyond Individual Customers into Fleet and Commercial Applications Tel Aviv, Israel, April 29, 2025 (GLOBE NEWSWIRE) -- Charging Robotics Inc. (OTC: CHEV), announced today that its affiliate, Revoltz Ltd. (of which Charging Robotics owns 19.9%), has secured its first institutional client for the PORTO EV, Revoltz's flagship electric micro-vehicle designed for last-mile logistics. The new order marks a significant step in Revoltz's commercial expansion strategy, transitioning from individual ...

Core Insights - Nature's Miracle Holding Inc. has entered into an agreement to purchase five electric vehicles (EVs) from ZO Motors North America, with plans to modify them into Mobile Vertical Farming trucks for growing microgreens and herbs [1][2] - The Mobile Vertical Farm initiative is set to launch in the Los Angeles market in the second quarter of 2025, utilizing hydroponic technology and environmentally friendly EVs [2][3] - Each Mobile Vertical Farm truck can grow approximately 3,000 pounds of fresh produce annually, catering to the needs of up to 40 people for fresh salad [2] Company Overview - Nature's Miracle is a growing agriculture technology company focused on providing products and services in the Controlled Environment Agriculture (CEA) industry in the U.S. [3] - The company's common stock trades on the OTCQB market under the symbol "NMHI" [3] Partnership Details - The partnership with ZO Motors aims to revolutionize the supply chain for fresh vegetables, emphasizing sustainability and local delivery [3][4] - ZO Motors specializes in zero-emission commercial vehicles and is committed to sustainable transportation solutions [4] Environmental Impact - The Mobile Vertical Farms are designed to save up to 90% of water compared to traditional farming methods, promoting environmentally friendly practices [2] - The initiative may also qualify for USDA subsidies and financing, enhancing its financial viability [1]

Core Insights - Mixed Martial Arts Group Limited (MMA.inc) has announced a strategic partnership with Clark Gracie, a prominent figure in Brazilian Jiu-Jitsu, aimed at digitizing and unifying the martial arts industry [2][4][9] - The partnership will unlock new revenue streams and provide exclusive access to BJJLink, a gym management platform, for Gracie-affiliated gyms [5][8] - MMA.inc targets a global audience of 640 million MMA fans, with 11.8 million active participants in the U.S., addressing the fragmented nature of the industry [9][12] Company Overview - MMA.inc operates four core business units and has a significant online presence with over 5 million social media followers, 530,000 user profiles, and 50,000 active students [12] - The company aims to enhance engagement across fans, athletes, coaches, and gym owners through its technology [12] Partnership Details - Clark Gracie will co-develop content and play a key role in the evolution of MMA.inc's products, including the upcoming Community & Commerce Platform set to launch in Q2 2025 [5][7] - The partnership is expected to provide a comprehensive suite of mobile-enabled tools for BJJ academies, enhancing operational efficiency [6][10] Revenue Model - MMA.inc plans to expand its revenue opportunities through subscriptions, transaction fees, and advertising, creating a scalable business model [10]

CHENGDU, China, April 28, 2025 (GLOBE NEWSWIRE) -- On April 29, on the eve of International Workers' Day, the countdown to the TWG 2025 Chengdu will reach the critical 100-day mark. Chengdu, the host city, is welcoming the upcoming The World Games 2025 Chengdu (TWG 2025 Chengdu) set to take place this August with a series of vibrant events, leveraging the international major festivals to amplify economic and social benefits. A Media Snippet accompanying this announcement is available by clicking on this li ...

Love to see this!Secretary Sean Duffy (@SecDuffy):From the Wright Brothers to the first astronauts on the moon, our nation has always been at the forefront of transportation technology.That’s why today we're unveiling a new Automated Vehicle Framework from @USDOT’s Innovation Agenda ⬇️ ⬇️ https://t.co/W3kbMUwQSn ...

Core Insights - Garrett Motion Inc. and Shaanxi Hande Axle Co., Ltd. have signed a strategic agreement to co-develop advanced electric beam axle systems for medium and heavy-duty trucks, marking a significant milestone in the electrification of commercial transport [1][5][7] Company Overview - Garrett Motion is a leading differentiated automotive technology provider with a 70-year history of innovation in the automotive sector, focusing on turbocharging and electric propulsion technologies [10] - The company has established a strong presence in China since 1994, with advanced manufacturing facilities in Shanghai and Wuhan, and a dedicated R&D team of over 200 specialists [8][9] Strategic Partnership Details - The partnership aims to integrate Garrett's high-speed e-motor and inverter technology into HanDe's axle and transmission platforms, targeting production for 2027 [5][6] - Initial manufacturing will occur in Xi'an and Wuhan, with test fleets expected to begin field trials in 2026 as part of a global rollout strategy [6] Technological Advancements - Garrett's technology promises significant reductions in size and weight compared to current industry benchmarks, leading to lower total cost of ownership (TCO) for fleets through reduced energy use and maintenance [4] - The collaboration aims to minimize the use of rare earths and critical minerals, supporting sustainable sourcing and contributing to the local electrification ecosystem [4][7] Market Impact - The strategic partnership includes a multi-year production award from major Chinese commercial vehicle manufacturers, supporting both domestic output and international expansion [6] - There is strong interest from global commercial vehicle OEMs and fleet operators in adopting Garrett's E-powertrain solution due to its tangible TCO savings and sustainability benefits [4][7]

Joby Aviation TodayJOBYJoby Aviation$5.86 +0.07 (+1.28%) 52-Week Range$4.50▼$10.72Price Target$8.58Add to WatchlistShares of Joby Aviation NYSE: JOBY have experienced significant turbulence in recent months. The stock has pulled back considerably, trading near its 50-day low of $5.32 and down approximately 33% year-to-date as of mid-April 2025. Recent insider selling activity has accompanied this downward pressure, further contributing to investor scrutiny. However, this market narrative contrasts sharply ...