> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # πŸš‹ Mobility Futures #14 - URL: https://newsletters.qs.com/mobility-futures-14/ - Published: 2024-10-21T11:30:01.000Z - Updated: 2024-10-21T11:30:01.000Z - Description: HolonIQ's Mobility Newsletter covers the latest developments in aviation, rail, and marine and highlights the week's top mobility deals. - Author: QS - Tags: Green Skills **Happy Monday πŸ‘‹** Global EV sales surged by [30.5% YoY](https://finance.yahoo.com/news/global-ev-sales-30-5-230431414.html?ref=newsletters.qs.com) in September, driven by robust growth in China and a recovery in Europe. Meanwhile, Eve Air Mobility secured an [$88M](https://www.urbanairmobilitynews.com/air-taxis/eve-air-mobility-secures-usd88-million-loan-for-evtol-production-facility/?ref=newsletters.qs.com) loan to build a production facility for its electric vertical take-off and landing (eVTOL) aircraft. In the Middle East, Saudi Arabia successfully tested its first [hydrogen-powered train](https://www.zawya.com/en/business/energy/saudi-arabia-succeeds-in-test-run-of-first-hydrogen-train-in-the-mideast-region-ceo-edaed1s9?ref=newsletters.qs.com), as part of efforts to expand its railway network. Additionally, a new Port Readiness Level tool is [launched](https://www.portofrotterdam.com/en/news-and-press-releases/new-port-readiness-tool-helps-ports-worldwide-prepare-sustainable-shipping?ref=newsletters.qs.com) to help ports worldwide prepare for the transition to sustainable shipping fuels. Hyundai Motor India has officially launched its [$3.3B](https://www.moneycontrol.com/news/business/ipo/hyundai-motor-india-ipo-gmp-crashes-75-in-2-weeks-as-automaker-announces-details-of-mega-public-issue-12838920.html?ref=newsletters.qs.com) initial public offering (IPO), marking the first by an automobile company in India in over two decades. ## 🚘 Ground Mobility **πŸš— Global EV Sales Up 30.5% in September as China Shines, Europe Recuperates.** According to market research firm Rho Motion, global sales of EVs increased by [30.5% YoY in September](https://finance.yahoo.com/news/global-ev-sales-30-5-230431414.html?ref=newsletters.qs.com), driven by strong growth in China and a recovery in Europe. **πŸš— Car Makers Need 28% BEV Share to Meet EU CO2 Targets by 2025\.** The International Council on Clean Transportation (ICCT) published a study showing that major car manufacturers must increase their battery-electric vehicle share to [around 28% by 2025](https://www.electrive.com/2024/10/15/icct-car-manufacturers-need-28-per-cent-bev-share-to-meet-co2-targets/?ref=newsletters.qs.com) to meet the EU's CO2 emission targets. **⚑ Mahle and Valeo Collaborate on an Emissions-Reducing Motor System.** Mahle and Valeo's iBEE system is a magnet-free electric motor that cuts carbon emissions [by over 40%](https://newatlas.com/automotive/mahle-valeo-magnet-free-induction-motor/?ref=newsletters.qs.com) and eliminates rare earths. It combines efficient inductive rotor technology with advanced controls and offers 220-350 kW (295-469 hp). ## πŸ›¬ Aviation **πŸ›©οΈ Eve Air Mobility Secures Funding for eVTOL Production.** Eve Air Mobility, an aerospace company, [secured an $88M loan](https://www.urbanairmobilitynews.com/air-taxis/eve-air-mobility-secures-usd88-million-loan-for-evtol-production-facility/?ref=newsletters.qs.com) to finance the construction of a production facility for its electric vertical take-off and landing (eVTOL) aircraft. **🚁 United Aircraft Unveils Pilotless Tilt-Rotor Aircraft Prototype.** United Aircraft, a Chinese company, introduced the Lanying R6000, a [10-seater pilotless](https://www.urbanairmobilitynews.com/air-taxis/chinas-united-aircraft-rolls-out-10-seater-pilotless-tilt-rotor-prototype/?ref=newsletters.qs.com) tilt-rotor UAV, touted as the world's first 6-ton model. **πŸ›©οΈ Bengaluru Airport To Launch Air Taxis: $20 For 19 Mins To Electronics City.** Bengaluru's Kempegowda International Airport (KIA) is partnering with Sarla Aviation to explore the potential of electric vertical take-off and landing (eVTOL) aircraft for [city-to-airport commutes](https://trak.in/stories/bengaluru-airport-to-launch-air-taxis-rs-1700-for-19-mins-to-electronics-city/?ref=newsletters.qs.com). ## πŸš‹ Rail **πŸš† Saudi Arabia Tests First Hydrogen Train in Middle East.** Saudi Arabia successfully conducted a test run of the [first hydrogen-powered train](https://www.zawya.com/en/business/energy/saudi-arabia-succeeds-in-test-run-of-first-hydrogen-train-in-the-mideast-region-ceo-edaed1s9?ref=newsletters.qs.com) in the Middle East region. The country is also working to expand its railway network to support various sectors. **πŸš„ $1B Funding for US Intercity Rail System Expansion.** The Federal Railroad Administration (FRA) made [$1B in funding](https://www.railwaypro.com/wp/usd-1-billion-for-us-intercity-system/?ref=newsletters.qs.com) to modernize and expand the intercity rail system in the US, including high-speed rail projects. **πŸš† Germany's Subsidized National Public Transport Ticket Boosts Rail Travel, Reduces Road Traffic.** According to a recent study, the state-subsidized 'Deutschlandticket' in Germany led to an increase in rail travel and [a decrease in individual road traffic](https://www.trendingtopics.eu/deutschlandticket-mehr-bahnreisen-weniger-autoverkehr/?ref=newsletters.qs.com). ## 🚒 Marine **βš“οΈ New Tool Helps Ports Worldwide Prepare for Sustainable Shipping Fuels.** The new [Port Readiness Level tool](https://www.portofrotterdam.com/en/news-and-press-releases/new-port-readiness-tool-helps-ports-worldwide-prepare-sustainable-shipping?ref=newsletters.qs.com) helps ports worldwide assess their preparedness for sustainable fuels like methanol, ammonia, and hydrogen. It provides a step-by-step approach to meet safety and logistical requirements for a smooth transition to low-carbon maritime fuels. **βš“οΈ Swedish Maritime Administration Introduces Unique Electric Pilot Boat.** The Swedish Maritime Administration's new Artemis EF-12 Pilot boat is the [first 100% electric hydrofoil vessel in Nordic waters](https://www.marinelink.com/news/swedish-maritime-administration-orders-518107?ref=newsletters.qs.com). It uses eFoiler technology for zero emissions, reduced drag, and minimal marine ecosystem disruption. **πŸ›₯️ Hyundai Heavy Industries Develops Eco-Friendly Ammonia Dual-Fuel Engine.** HD Hyundai Heavy Industries developed the H22CDF-LA, the [world’s first high-pressure ammonia dual-fuel engine,](https://fuelcellsworks.com/2024/10/15/clean-technology/hd-hyundai-heavy-industries-develops-ammonia-dual-fuel-engine-and-receives-approval-from-7-major-classification-societies?ref=newsletters.qs.com) approved by seven classification societies. The 1.4-2.2MW engine uses carbon-free ammonia, reducing emissions for ships and land power. ## **πŸ’°** Deals of the Week **πŸš— Hyundai Motor India Unveils Mega IPO Details.** Hyundai Motor India has launched a historic [IPO valued at $3.3B](https://m.economictimes.com/markets/ipos/fpos/hyundai-ipo-gmp-falls-to-1-issue-subscribed-by-42-on-day-3-so-far-check-details/articleshow/114302382.cms?ref=newsletters.qs.com), making it one of the largest in Indian market history. This move reflects strong investor confidence and represents a significant step for Hyundai as it aims to expand its operations and investments in India, particularly in electric and hybrid vehicle technology. **πŸš‡ Tokyo Metro's IPO Raises $2.3B in Runaway Success.** Tokyo Metro Co. Ltd. raised [$2.3B](https://www.proactiveinvestors.com/companies/news/1058338/tokyo-metro-raises-2-3-billion-as-ipo-is-a-runaway-success-1058338.html?ref=newsletters.qs.com) in its initial public offering (IPO) due to strong investor demand, with shares priced at the top of the range. **πŸ›΄ Voi Issues €50M Bond for Fleet Expansion and Debt Refinancing.** Voi, a mobility company, issued its first-ever [$52.7M bond ](https://siliconcanals.com/voi-issues-e50m-through-bond-issuance/?ref=newsletters.qs.com)to expand its fleet of e-scooters and e-bikes, refinance debt, and support corporate activities. **🚚 Cartage Secures $3.3M Funding for AI-Powered Freight Automation.** Freight carrier startup Cartage, founded by Harman Sahota, Abdul Basharat, and Josh Lampen, raised [$3.3M](https://www.americanbazaaronline.com/2024/10/14/freight-carrier-startup-cartage-secures-3m-in-funding-744393/?ref=newsletters.qs.com) in funding for their AI-powered freight automation platform. **🚚 Indonesian shipping platform Andalin secures fresh funding as part of Series C round.** Andalin, a Jakarta-based digital freight forwarding company, raised at least [$1.5M](https://www.dealstreetasia.com/stories/andalin-funding-round-415630?ref=newsletters.qs.com) as part of its Series C funding round. **πŸš— Shiftmove Expands into France Through Optimum Automotive Acquisition.** Shiftmove, a company in the mobility industry, [acquired](https://tech.eu/2024/10/15/shiftmove-acquires-optimum-automotive/?ref=newsletters.qs.com) Optimum Automotive, enabling it to expand its operations into France, Europe's largest fleet market. **🚚 HOLT Truck Centers Acquires Kyrish Truck Centers.** HOLT Truck Centers, a HOLT Group operating company, [acquired](https://stnonline.com/industry-releases/holt-truck-centers-acquires-kyrish-truck-centers/?ref=newsletters.qs.com) Kyrish Truck Centers. **πŸš— Chinese Automaker GAC Backs Self-Driving Startup Pony.ai.** Chinese automaker GAC [invested](https://technode.com/2024/10/14/chinas-gac-backs-self-driving-car-startup-pony-ai-in-new-funding/?ref=newsletters.qs.com) in self-driving car startup Pony.ai in a new funding round, aiming to boost its autonomous driving capabilities to catch up with Tesla. --- **Thank you for reading. Have a great week ahead!** Have some feedback or suggestions? Let us know at hello@holoniq.com [ ](https://newsletters.qs.com/psychedelic-mental-health-treatments-south-asia-health-tech-100-2/)