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Flexport taps Shopify for cash, behind the wheel of the Kia EV9 and where Amazon wants to invest
TechCrunch Mobility is a weekly newsletter focused on the future of transportation. This week, learn about Amazon, Fisker, Flexport and Kia.
The startup is kicking off 2024 by shoring up its business with a $260 million “uncapped convertible note” from Shopify, a deal that was announced by Petersen in a series of posts on social media site X. As TC+ reporter Tim de Chant writes: “Northvolt’s $5 billion loan won’t be enough to guarantee success, but it should be enough to help ramp up its production to a targeted 60 gigawatt hours.” Navier, the electric boat startup, has launched a pilot program for its hydrofoiling watercraf t via a partnership with Stripe to bring passengers from San Francisco’s outskirts to the downtown area.
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