The IAA Mobility conference in Munich showcased German automakers’ new electric vehicles, aiming to compete with Chinese companies gaining market share in Europe. Rimac Technology developed solid-state battery packs for 2027 release. Hyundai invested $1 billion in self-driving startup Motional, while General Motors hired new talent from Cruise and Tesla.

Transit software startup Via made its IPO debut, raising $492.9 million. Arc Boats secured a $160 million contract for electric tugs, LeydenJar raised €13 million, and Standard Fleet raised $13 million. The FAA launched a pilot program for eVTOL startups, while Hyundai’s Supernal paused its aircraft program and InDrive aims to become a global super app.

Jaguar Land Rover faced a cyberattack, Lyft and May Mobility launched a robotaxi service in Atlanta, and the Boring Company halted work in Vegas due to an injury. Tesla got a permit to test robotaxi technology in Nevada, while Uber and Momenta plan to test robotaxis in Munich. The U.S. Justice Department sued Uber for discrimination, and TechCrunch Disrupt 2025 will feature transportation industry leaders.

Read more at Yahoo Finance: Via raises $492.9M in IPO, and German automakers go on the offensive