> ## 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. # 🚒 Mobility Futures #5 - URL: https://newsletters.qs.com/mobility-futures-5/ - Published: 2024-08-19T11:30:45.000Z - Updated: 2024-08-19T11:30:44.000Z - Description: HolonIQ's Mobility Newsletter covers the latest developments in aviation, rail, and propulsion and highlights the week's top mobility deals. - Author: QS - Tags: Green Skills [*HolonIQ's*](https://www.holoniq.com/?ref=newsletters.qs.com) *mobility futures coverage for the week ahead.* Our Climate Tech coverage has grown significantly and due to popular demand, we're splitting out our coverage into weekly Energy Futures, Enviro Futures, Infra Futures and Mobility Futures newsletters over the coming weeks. This newsletter is 'Mobility Futures,' you can update your subscriptions to any of the other weekly newsletters here. **Happy Monday πŸ‘‹** Shanghai plans to [electrify](https://www.electrive.com/2024/08/13/shanghai-to-electrify-bus-and-taxi-services-by-2027/?ref=newsletters.qs.com) its entire bus and taxi networks by 2027, while [Lithuania](https://www.electrive.com/2024/08/14/lithuania-looks-to-electrify-its-public-transport/%5C?ref=newsletters.qs.com) is subsidizing electric buses and infrastructure, mandating alternative drive systems from 2026\. Archer Aviation is launching an eco-friendly [air taxi](https://cleantechnica.com/2024/08/08/archer-unveils-los-angeles-air-mobility-network-ahead-of-major-worldwide-sporting-events/?ref=newsletters.qs.com) network in Los Angeles, and [Hong Kong](https://hydrogen-central.com/hong-kong-receives-first-hydrogen-powered-light-rail-train-in-green-energy-push/?ref=newsletters.qs.com) is introducing its first hydrogen-powered light rail train to cut emissions. In maritime advancements, [COSCO](https://cleantechnica.com/2024/08/09/largest-battery-electric-container-ship-now-operating-you-know-where/?ref=newsletters.qs.com) launched the world’s largest battery-electric container ship, and ABB will equip the U.S.’s [largest](https://eepower.com/news/abbs-onboard-dc-grid-the-engine-behind-washingtons-ferries/?ref=newsletters.qs.com) ferry system with hybrid-electric propulsion. Additionally, Global Aircraft Leasing raised [$1.1B](https://www.businesspost.ie/news/global-aircraft-leasing-raises-e1bn-to-refinance-debt-on-junk-bond-market/?ref=newsletters.qs.com) to refinance its debt. ## 🚘 Ground Mobility **🚌 Shanghai Electrifying Public Transport by 2027\.** Shanghai revealed plans to overhaul its [bus and taxi networks](https://www.electrive.com/2024/08/13/shanghai-to-electrify-bus-and-taxi-services-by-2027/?ref=newsletters.qs.com), completely switching to new energy vehicles by the end of 2027. **βš–οΈ China Challenges EU's Anti-Subsidy Measures on Electric Vehicles at WTO.** China [challenged](https://www.france24.com/en/live-news/20240809-china-launches-appeal-at-wto-over-eu-electric-vehicle-tariffs?ref=newsletters.qs.com) the European Union's decision to apply provisional anti-subsidy measures on electric vehicles at the World Trade Organization (WTO). This action aims to protect the legitimate rights and interests of Chinese companies. **🚌 Lithuania Embraces Electric Buses for Public Transport.** The Lithuanian government is subsidizing the procurement of electric buses and charging infrastructure for public transport companies with EU funds. From [2026 onwards,](https://www.electrive.com/2024/08/14/lithuania-looks-to-electrify-its-public-transport/%5C?ref=newsletters.qs.com) only buses with alternative drive systems will be allowed. ## πŸ›¬ Aviation **✈️ Archer Aviation Unveils Air Taxi Network in Los Angeles.** Archer Aviation, an aerospace company, announced plans for an [air taxi network](https://cleantechnica.com/2024/08/08/archer-unveils-los-angeles-air-mobility-network-ahead-of-major-worldwide-sporting-events/?ref=newsletters.qs.com) in Los Angeles, aiming to provide an eco-friendly transportation option ahead of major global expansion. **✈️ flydubai Expands European Network with Basel Flights.** flydubai, a UAE-based airline, has launched direct flights between Dubai and Basel, Switzerland, becoming the [first UAE carrier](https://gulfbusiness.com/aviation-flydubai-launches-direct-flight-to-basel/?ref=newsletters.qs.com) to connect EuroAirport Basel-Mulhouse-Freiburg with a four-times-weekly service. ## πŸš‹ Rail **πŸšƒ Hong Kong Introduces Hydrogen-Powered Light Rail Train.** Hong Kong received its [first hydrogen-powered](https://hydrogen-central.com/hong-kong-receives-first-hydrogen-powered-light-rail-train-in-green-energy-push/?ref=newsletters.qs.com) light rail train as part of its efforts to promote green energy and reduce carbon emissions. **πŸš† US Takes a Step Towards Electric Rail Transit.** CalTrain, a commuter rail service in California, introduced two new electric trains, marking a [first for the US](https://www.theverge.com/2024/8/12/24218547/caltrain-electric-train-us-lags-behind-india-china-eu?ref=newsletters.qs.com) and suggesting growing interest in electric rail transit to catch up with other countries. **πŸš‹ Bosch Unveils New Tram Automation Technology.** Bosch Engineering is presenting a new [tram assist suite](https://www.railwaypro.com/wp/new-bosch-tram-assist-suite-the-next-step-toward-automation/?ref=newsletters.qs.com) at the InnoTrans event, aimed at providing seamless protection and improved reliability for trams. ## 🚒 Water Mobility **⚑ Largest Battery-Powered Container Ship Begins Operations.** A major shipping company COSCO launched the [world's largest](https://cleantechnica.com/2024/08/09/largest-battery-electric-container-ship-now-operating-you-know-where/?ref=newsletters.qs.com) battery-electric container ship, signaling a shift towards more environmentally-friendly maritime transportation. ## πŸ›¬ Propulsion **βš“οΈ ABB to Power U.S. Ferry Fleet with Hybrid-Electric Propulsion.** ABB, a leading technology company, is chosen by the largest ferry system in the U.S. to provide its Onboard DC Grid propulsion system for a new fleet of [hybrid-electric ferries](https://eepower.com/news/abbs-onboard-dc-grid-the-engine-behind-washingtons-ferries/?ref=newsletters.qs.com). **✈️ Cryogenic Hydrogen-Electric Propulsion for Net-Zero Air Travel.** The University of Nottingham is working on a $5.83M project to develop a cryogenic hydrogen-electric propulsion system that could enable [net-zero air travel](https://interestingengineering.com/science/cryogenic-hydrogen-electric-propulsion-development?ref=newsletters.qs.com). ## **πŸ’°** Deals of the Week **✈️ Aircraft Leasing Firm Raises $1.1B to Refinance Debt.** Global Aircraft Leasing, which has a stake in the major Irish aircraft leasing company Avalon, raised [$1.1B](https://www.businesspost.ie/news/global-aircraft-leasing-raises-e1bn-to-refinance-debt-on-junk-bond-market/?ref=newsletters.qs.com) on the junk bond market to refinance its debt. **✈️ Stellantis to Fund Archer's Air Taxi Manufacturing.** Stellantis, an automotive company, agreed to contribute up to [$400M](https://www.autofutures.tv/news-features/stellantis-to-help-fund-archer-s-air-taxi-manufacturing-costs/s/b5c22f7d-48bb-4f93-af1e-79a8dc377761?ref=newsletters.qs.com) to help Archer, an air mobility company, scale up manufacturing of its Midnight air taxis. **πŸš— Israeli Startup Element Acquires Autofleet for $110M.** Element, an Israeli startup, acquired Autofleet, a turn-key solution for businesses to launch, manage, and scale sustainable fleet operations globally, in a [$110M](https://www.calcalistech.com/ctechnews/article/ryopo4f90?ref=newsletters.qs.com) deal. **🚲 Ather Energy Becomes a Unicorn with $71M Funding.** Ather Energy, an Indian electric vehicle startup, raised [$71M](https://inc42.com/buzz/ather-energy-joins-unicorn-league-by-raising-71-mn-funding-from-niif/?ref=newsletters.qs.com) in funding from the National Investment and Infrastructure Fund (NIIF), valuing the company at $1.3B post-money and making it a unicorn. **✈️ Surf Air Mobility Secures $35.2M Funding.** Surf Air Mobility, a regional air travel company, closed a [$35.2M](https://greenstocknews.com/news/nyse/srfm/surf-air-mobility-announces-closing-of-35-2-million-mandatory-convertible-security-with-gem-global-yield-llc?ref=newsletters.qs.com) mandatory convertible security deal with GEM Global Yield, a private investment group. **✈️ Cambodia Airways Announces Planned IPO for Fleet Expansion.** Cambodia Airways, an airline company, plans to go public through an initial public offering (IPO) to raise funds for [expanding](https://www.ch-aviation.com/news/143579-planned-cambodia-airways-ipo-to-underpin-future-fleet-growth?ref=newsletters.qs.com) its aircraft fleet. --- **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/)