Zin Boats' bigger, faster electric leisure craft is built from the hull up with PNW pride

electric Zin Boat on display

Image Credits: Zin Boats

After taking on water during the pandemic, Zin Boats is back with a bigger, better electric watercraft that it has built from the hull up — again. And with the first craft off the line going to none other than Bill Gates, the company’s plan to power a new generation of clean, high-tech boats has kicked off to a promising start.

As with so many businesses, the pandemic hit Zin hard. Despite significant interest in its 20-foot Z2R runabout, the company found itself, like most of the world, unable to assemble suitable supply and manufacturing lines. To add to that, the automotive and marine suppliers providing equipment like batteries, propulsion and the like ended up being less reliable than the startup had hoped.

Founder and CEO of the eponymous company, Piotr Zin, took these setbacks as a challenge. If the car industry wouldn’t sell him batteries, he’d find someone else. And if existing marine motors and parts weren’t good enough, he’d design his own. Such determination is admirable, but the plan did require a bit of time and money.

“Rather than retreat, we said, let’s use this time to invest in R&D,” Zin Boats’ President and COO, David Donovick, said. “We were first to do an electric runabout, but what’s something that we haven’t done?”

Apparently the answer was to make something bigger — and much fancier.

It’s hard to argue with the results. The 11-meter Z11, which will reportedly (though this has not been officially announced or confirmed) act as a tender for a hydrogen-powered $640 million megayacht commissioned by Gates, is the first to use the company’s new technology platform, which will be debuted next week in Tampa. But TechCrunch got a sneak peek at what’s under the floorboards, which is where the magic happens.

(You’ll have to wait for the full reveal to get the real glamour pics. These were taken by the Zin Boats team at their Seattle headquarters.)

A pickup truck’s weight in space batteries

Image Credits: Zin Boats

For Piotr Zin (who is, by chance, my neighbor here in Seattle), starting from scratch offered an opportunity to truly reinvent how a boat like this works. One of the first decisions the company had to make was regarding the battery and control systems.

The startup had learned its lesson from relying on more or less off-the-shelf automotive batteries and marine control systems.

Of the batteries, which it originally got from BMW, Zin said, “We were basically in a subservient position where we got their leftovers. We needed a battery supplier that wasn’t going to cut us off.” But the batteries still had to be customizable, highly energy dense, and extremely safe. It only takes one flaming boat to sink a marine startup’s ambitions.

The startup found a supplier in Xerotech, an Irish company that makes a high-durability battery used by electric ore transport vehicles in mines. Its batteries had also been tested and chosen by the European Space Agency for inclusion on the International Space Station. So that’s pedigree taken care of!

These highly customizable cells are super safe and can be put together in hundreds of configurations for powering large or small boats. They’re further wrapped in a thermal isolation material used for orbital reentry vehicles. And if, by some cosmic joke, a cell did manage to ignite, it would immediately be extinguished by a flooding mechanism. No chances are being taken here.

Zin is proud of the fact that the startup not only found this great supplier, but locked down a global exclusive on the marine batteries.

The first Z11 is carrying 400 kWh of batteries — for comparison, a Tesla Model 3 maxes out at 83 kWh. Zin and Donovick said the batteries weigh as much as a Ford F150, and are located below deck to provide maximum stability. All told, the boat tips the scales at 6,266 kilograms. That’s pretty low for a boat carrying a pickup truck — mostly because Zin chose to use carbon fiber for every place another material isn’t absolutely necessary.

‘You literally just plug this into that’

Image Credits: Zin Boats

One would think that the relative simplicity of electric drive systems, compared with their internal combustion cousins, would be simpler to control. And they are — but simpler doesn’t mean simple.

Zin, an experienced industrial and electric engineer, gave up on using the standard components used by most boats to connect the control systems, batteries, and motors.

“I had crates of random electronics and cabling; their technician came over to put it together. It was supposed to take a day, and it took a week and a half. So our system, you literally just plug this into that,” he said.

“This,” to be clear, is Zin’s all-in-one control unit that unifies a dozen functions in one attractively machined block of aluminum that turns joystick movements into thrust vectors and propeller speeds. Whether you have two motors or one, or three, or extra thrusters, or this or that voltage or some other variation, you just plug the control unit in to “that,” meaning the propulsion and general cabling.

In fact, Zin is planning to sell this central control unit and all the below-deck stuff. The Z11 is sort of “both a prototype and a viable boat — it demonstrates that the next generation of technology is not just possible, but it’s here,” said Donovick.

Image Credits: Zin Boats

“The majority of our work went into just making the damn thing go,” said Zin. “What we put on top, how it looks and feels, is not that difficult to change.”

Zin will make its own boats, but it also intends to happily sell the basic package — batteries, control unit, and propulsion — for as little as about $25,000, and boat makers can (and some already are) build their own style of craft on top of it. Smaller Zin boats are planned, but you may buy something from a well-known brand and see a little Zin badge on it, too.

The startup doesn’t plan on making it the most affordable boat out there — it’s too fundamentally high-end — but it said it expects plenty of others to fill in the other market segments. Lenovo and Apple both exist, it noted, and you’re free to choose either one.

But as Zin pointed out, the extra money you might pay up front is offset by a near-total lack of maintenance needed, and, of course, savings on fuel. Depending on the size of one’s boat, that can save tens of thousands yearly.

Proudly made in the Pacific Northwest

Image Credits: Zin Boats

One aspect of a boat like this you might not expect to hear about is local pride. Seattle has always been a center of marine activity — we have big ports, bigger ferries and tons of recreational boaters. But it’s one thing to make a custom speedboat, and quite another to make an industry-leading, category-redefining, electric tender of a size and performance few have even attempted.

Turns out, however, nearly everything Zin Boats needed was within about 200 miles of Seattle.

“When I moved here, I fell in love with Seattle and the Pacific Northwest,” Zin said. “And as I learned more about the history of this place, I learned we’re living on top of an untapped talent pool here. That boat [the Z11] supports over a hundred individuals at dozens of companies within the greater Seattle area. The Pacific Northwest is open for business, for building really nice boats.”

Donovick also pointed out that the risk of running a global supply chain has only worsened. If everything but the batteries is within a few hours’ drive, that’s not just convenient, it makes the business more resilient.

“We love the local impact,” he said. “But the other thing is, we’re living in scary times, with trade wars, tariffs, and supply chain problems. These are real concerns.” Focusing not just on being U.S.-built but locally built has a cost, but it also has significant benefits.

The new Zin platform (but not this Z11 specifically) will get its official debut at the International BoatBuilders’ Exhibition in Tampa on October 1.

H3X scales up its electric aerospace ambitions with $20M in new funding

Image Credits: H3X

Many industries that rely on legacy energy sources are aiming to electrify or at least streamline their operations, but for countless use cases, the tech just isn’t there. H3X is changing the game with electric motors so compact and efficient that the aerospace and marine world — not to mention investors — are taking notice.

We covered H3X’s launch from stealth back in 2021; since then, CEO Jason Sylvestre exclusively told TechCrunch that H3X has “mainly been showing that this tech works, and we’ve gotten orders from a lot of aerospace companies to prove it.”

They’ve also grown from the founding team (Sylvestre, CTO Max Liben, and COO Eric Maciolek) to a still lean 33 people — “maybe leaner than we should be.”

H3X makes electric motors, which, to be clear, does not mean full powertrains like the battery-motor-wheels combo you see in an electric car or the propeller mechanism in a plane. It’s the middle part of the equation, turning electricity into mechanical force, usually a spinning driveshaft.

What sets the company’s gear apart, though it may sound prosaic, is simply how small they are for how much power they put out. Electric motors are generally smaller and simpler than internal combustion engines. But they still need to have room for all the wiring, cooling and other components of the system, especially when they need to drive something as big as a vehicle.

As a very rough comparison, if you were using an electric motor the size of a dishwasher, the H3X equivalent — same power, same torque, etc. — might be the size of a microwave. That’s a tremendous change in industries where every inch and pound counts, like drones and small aircraft.

Sylvestre said that although their series of smaller motors (think hundreds of kilowatts) have been popular and useful, a new $20 million funding round will allow the team to complete development of their megawatt-scale motors, which they hope will change the game completely.

A mockup of the megawatt unit, and H3X’s test facility.
Image Credits: H3X

“We think we’re going to come in and establish a new market-leading product that will transform the aerospace and marine industries,” he told TechCrunch. “It should be a pretty stark contrast: megawatt machines would take up this whole room [i.e., an ordinary small meeting room]; ours is about two feet in diameter and about one foot thick.”

For those of you without an innate sense of how many watts are needed to do things, a megawatt motor would be able to run something on the scale of a small passenger aircraft. And that’s just where the company is seeing traction.

“We’ve seen a ton of interest in hybrid electric aircraft because you get to realize the benefits of electric propulsion, but without the drawbacks and limitations of batteries,” Sylvestre said.

Hybrid architectures have been demonstrated at a smaller scale (like a two-seater or seaplane), but with what’s out there, the math just doesn’t work out for anything larger.

A test aircraft using an H3X motor.
Image Credits: H3X

Fortunately, H3X’s motors seem tailor-made for this application (and indeed in a sense can be said to be so).

First, the design is reversible, meaning it can seamlessly act as a motor or a generator, or both. This simplifies hybrid powertrains, in which a combustion engine drives a generator, and in turn powers an electric motor, which drives propulsion. That may sound unnecessarily complicated, but it allows both engine and motor to run at peak efficiency with minimal loss; many ships already run on diesel-electric hybrid engines. The gains would be compounded with two H3X units in series.

Second, because the units are small and the power electronics are built in, you can just add as many as you need to scale up.

“If you were to use a traditional megawatt class generator, as they exist today, that aircraft would have a tough time getting off the ground. And if it did, it wouldn’t fly very far,” he continued. “We’ve got two customers in commercial aviation; one is working on a 19-seat aircraft, the other on a 30-seat aircraft. But these units are stackable, so to get to higher power levels you just stack them up: you could power a 50-seat or 100-seat aircraft.”

They have contracts and customers across aerospace, marine and the military to power things like drones and small aircraft, some kind of marine racing setup (whatever that means) “and one classified one where they actually can’t tell us what it is.” (Fortunately, the tech doesn’t seem well suited for weapons development, though in a press release, investor Cubit Capital’s Philip Carson said the company has “strong traction today at the Department of Defense.”)

Image Credits: H3x

The marine side is another promising growth area, with much of the industry pushing to decarbonize or at least minimize reliance on the aging diesel engines that power so much of shipping and passenger traffic on the water. But the power involved is tremendous, and space on board is limited — so low volume and high output are music to the industry’s ears.

Even heavy industry, which uses generators to power some facilities or equipment, is interested. Why, when they have as much space as they need? Sylvestre said a stack of H3X units may well be simpler and easier to maintain than a traditional setup, not to mention it involves hauling a lot less metal around.

Though the company’s megawatt dreams have yet to be realized, H3X is already generating revenue. Sylvestre declined to get too specific but said it was “in the millions” last year, on track to 5x this year, with an aim of profitability in 2026.

The $20 million A round will enable the company to hire up and build out the facilities necessary to finish the megawatt units and complete their existing contracts. There’s still plenty of demand for the kilowatt-scale motors, but the megawatts are the ones that could crack open new markets.

The funding round was led by Infinite Capital, with participation from Hanwha AM, Cubit Capital, Origin Ventures, Industrious Ventures, Venn10 Capital, as well as existing investors Lockheed Martin Ventures, Metaplanet, Liquid 2 Ventures and TechNexus.

If electrification really is the next phase of shipping and local/regional air travel, it’s going to be hard to match what H3X is putting out there. But startups like this are increasingly drivers of change in legacy industries, and there’s plenty of room for everyone up there.

H3X scales up its electric aerospace ambitions with $20M in new funding

Image Credits: H3X

Many industries that rely on legacy energy sources are aiming to electrify or at least streamline their operations, but for countless use cases the tech just isn’t there. H3X is changing the game with electric motors so compact and efficient that the aerospace and marine world — not to mention investors — are taking notice.

We covered H3X’s launch from stealth back in 2021; since then, CEO Jason Sylvestre exclusively told TechCrunch that H3X has “mainly been showing that this tech works, and we’ve gotten orders from a lot of aerospace companies to prove it.”

They’ve also grown from the founding team (Sylvestre, CTO Max Liben, and COO Eric Maciolek) to a still lean 33 people — “maybe leaner that we should be.”

H3X makes electric motors, which, to be clear, does not mean full powertrains like the battery-motor-wheels combo you see in an electric car, or propeller mechanism in a plane. It’s the middle part of the equation, turning electricity into mechanical force, usually a spinning driveshaft.

What sets the company’s gear apart, though it may sound prosaic, is simply how small they are for how much power they put out. Electric motors are generally smaller and simpler than internal combustion engines. But they still have to have room for all the wiring, cooling and other components of the system, especially when they need to drive something as big as a vehicle.

As a very rough comparison, if you were using an electric motor the size of a dishwasher, the H3X equivalent — same power, same torque, etc. — might be the size of a microwave. That’s a tremendous change in industries where every inch and pound counts, like drones and small aircraft.

Sylvestre said that although their series of smaller motors (think hundreds of kilowatts) have been popular and useful, a new $20 million funding round will allow the team to complete development of their megawatt-scale motors, which they hope will change the game completely.

A mockup of the megawatt unit, and H3X’s test facility.
Image Credits: H3X

“We think we’re going to come in and establish a new market-leading product that will transform the aerospace and marine industries,” he told TechCrunch. “It should be a pretty stark contrast: megawatt machines would take up this whole room [i.e. an ordinary small meeting room]; ours is about two feet in diameter and about one foot thick.”

For those of you without an innate sense of how many watts are needed to do things, a megawatt motor would be able to run something on the scale of a small passenger aircraft. And that’s just where the company is seeing traction.

“We’ve seen a ton of interest in hybrid electric aircraft because you get to realize the benefits of electric propulsion, but without the drawbacks and limitations of batteries,” Syvestre said.

Hybrid architectures have been demonstrated at a smaller scale (like a two-seater or seaplane), but with what’s out there, the math just doesn’t work out for anything larger.

A test aircraft using an H3X motor.
Image Credits: H3X

Fortunately, H3X’s motors seem tailor-made for this application (and indeed in a sense can be said to be so).

First, the design is reversible, meaning it can seamlessly act as a motor or a generator, or both. This simplifies hybrid powertrains, in which a combustion engine drives a generator, and in turn powers an electric motor, which drives propulsion. That may sound unnecessarily complicated, but it allows both engine and motor to run at peak efficiency with minimal loss; many ships already run on diesel-electric hybrid engines. The gains would be compounded with two H3X units in series.

And second, because the units are small and the power electronics are built in, you can just add as many as you need to scale up.

“If you were to use a traditional megawatt class generator, as they exist today, that aircraft would have a tough time getting off the ground. And if it did, it wouldn’t fly very far,” he continued. “We’ve got two customers in commercial aviation; one is working on a 19-seat aircraft, the other on a 30-seat aircraft. But these units are stackable, so to get to higher power levels you just stack them up: you could power a 50-seat or 100-seat aircraft.”

They have contracts and customers across aerospace, marine and the military to power things like drones and small aircraft, some kind of marine racing setup (whatever that means) “and one classified one where they actually can’t tell us what it is.” (Fortunately, the tech doesn’t seem well suited for weapons development, though in a press release, investor Cubit Capital’s Philip Carson said the company has “strong traction today at the Department of Defense.”)

Image Credits: H3x

The marine side is another promising growth area, with much of the industry pushing to decarbonize or at least minimize reliance on the aging diesel engines that power so much of shipping and passenger traffic on the water. But the power involved is tremendous, and space on board is limited — so low volume and high output are music to the industry’s ears.

Even heavy industry, which uses generators to power some facilities or equipment, is interested. Why, when they have as much space as they need? Sylvestres said a stack of H3X units may well be simpler and easier to maintain than a traditional setup, not to mention it involves hauling a lot less metal around.

Though the company’s megawatt dreams have yet to be realized, H3X is already generating revenue. Sylvestre declined to get too specific, but said it was “in the millions” last year, on track to 5X this year, with an aim of profitability in 2026.

The $20 million A round will enable the company to hire up and build out the facilities necessary to finish the megawatt units and complete their existing contracts. There’s still plenty of demand for the kilowatt-scale motors, but the megawatts are the ones that could crack open new markets.

The funding round was led by Infinite Capital, with participation from Hanwha AM, Cubit Capital, Origin Ventures, Industrious Ventures, Venn10 Capital as well as existing investors Lockheed Martin Ventures, Metaplanet, Liquid 2 Ventures and TechNexus.

If electrification really is the next phase of shipping and local/regional air travel, it’s going to be hard to match what H3X is putting out there. But startups like this are increasingly drivers of change in legacy industries, and there’s plenty of room for everyone up there.

Honda bets its electric future on 'thin, light' 0 series EVs at CES 2024

Honda unveils concept EVs and teases new 0 series lineup

Image Credits: Kirsten Korosec for TechCrunch

Honda is dunking on the “thick, heavy” electric vehicle trend in an attempt to build buzz around its upcoming 0 series EVs.

At CES 2024, the automaker teased two concept vehicles, the Saloon and Space-Hub, and said the first commercial model in its 0 series EV lineup will launch in North America in 2026.

Honda’s first 0 series model is apparently “based on” the Saloon concept — a low-slung, roomy yet sporty EV that looks a little like a CGI set piece from a Blade Runner sequel.

Honda unveils concept EVs and teases new 0 series lineup
Image Credits: Kirsten Korosec for TechCrunch
Image Credits: Kirsten Korosec for TechCrunch

The van-like Space-Hub, meanwhile, seems a bit less dystopic and more family-focused at first blush. My colleague Alex Wilhelm likened it to a “weird fish bowl” in TechCrunch Slack.

Honda unveils concept EVs and teases new 0 series lineup
Image Credits: Kirsten Korosec for TechCrunch
Image Credits: Kirsten Korosec for TechCrunch

Honda exec Shinji Aoyama boasted in a statement that these concepts are “overwhelmingly different from other EVs,” but that’s typical of concepts; by the time vehicles commercially launch, practicality and mass-market appeal typically win out over aesthetic exploration.

In other words, don’t hold your breath for headrests that double as touchscreen displays.

The interior of Honda's Saloon concept EV
An render depicts the inside of Honda’s Saloon concept EV. Image Credits: Honda
Image Credits: Honda

Honda’s announcement included a dig at the maximalist approach electric-vehicle makers have taken lately. “The mobility we dream of is not an extension of the trend of ‘thick, heavy, but smart’ EVs,” global CEO Toshihiro Mibe said in a statement. “We will create a completely new value from zero based on thin, light and wise as the foundation for our new Honda 0 EV series,” he added. Electric vehicles are getting dangerously heavy, a trend that threatens the lives of pedestrians and demands larger batteries and more energy to compensate for vehicle weight. Honda didn’t go into specifics about the first 0 series models; for now, all we have are these brief comments. (But if the company wants to prioritize relatively light vehicles, then why did it kill the Honda e?)

The Saloon features “sustainable materials […] throughout the exterior and interior,” according to Honda’s press release. Yet, Honda didn’t say which materials it used when TechCrunch asked for details. Honda also didn’t specify if it plans to use such materials when it commercially launches its first 0 series electric vehicles.

Honda unveils concept EVs and teases new 0 series lineup
Image Credits: Kirsten Korosec for TechCrunch
Image Credits: Kirsten Korosec for TechCrunch

Honda has lagged in the switch to electrics, and it recently called it quits on a plan to co-develop “affordable” electric vehicles with GM. Though Honda plans to launch an electric Prologue this year, the automaker intends to launch 30 EVs by 2030. That’s why the 0 series launch will be a big moment for Honda. It’s not much to go on, but it’s still our closest look yet at Honda’s electrified future.

Read more about CES 2024 on TechCrunch
VinFast VF Wild pickup truck concept at CES 2024

EV startup VinFast adds an electric pickup truck to the long list of things it hopes to build

VinFast VF Wild pickup truck concept at CES 2024

Image Credits: Kirsten Korosec

Vietnamese EV startup VinFast is trying to get into the electric pickup truck game, as it revealed a new concept called the VF Wild at CES 2024 in Las Vegas. The company announced it also plans to start selling its smallest EV, the VF3, outside of Vietnam, as previously hinted.

It’s hard to say much more about what VinFast has planned for both vehicles, though. The truck will have mid-size pickup dimensions, and a folding mid-gate to allow the five-foot bed to turn into something functionally closer to an eight-foot bed (when the rear seats are down). But the company didn’t share its ambitions for range or pricing, or even when (or if) it plans to mass-produce the thing. It’s a CES concept car in the truest sense — down to the fact that the company did not even have official images of it ready at the time of its launch Tuesday.

 

The VF3 is a plucky little EV that VinFast announced in Vietnam earlier this year. It’s a two-door city car with limited range and an affordable price tag (think sub-$20,000). It has yet to ship in VinFast’s home country, but the company now says it will sell the car globally. It did not say which countries will be first, or share any other info about what a global launch would look like.

Developing a truck and globally launching a compact EV aren’t even the biggest things on VinFast’s plate. The company is also trying to build factories in North Carolina, Indonesia and India, and has multiple other models in the works.

If this all sounds a little haphazard, then it’s pretty in-character for VinFast. The young company — which is backed by Vietnam’s richest man, Pham Nhat Vuong — has been a little all over the place since its founding in 2017.

VinFast originally built combustion-engine vehicles but quickly pivoted to EVs, starting with the VF8 SUV, which it rather quickly tried bringing to the United States. That rollout has not gone well, as the VF8 was met with very poor reviews. VinFast has struggled to sell the SUV at scale in the U.S. The company recently pivoted to working with dealers to boost sales here.

Globally, the overwhelming majority of VinFast’s EV sales have been to a taxi company owned by Vuong. Oh, and he recently took over as VinFast’s CEO, the latest in a series of shakeups across its many different divisions.

This post has been updated with photos of the VF Wild from the CES show floor.

Read more about CES 2024 on TechCrunch

an electric air taxi paint in white sits on a platform at CES 2024

Hyundai says its electric air taxi business will take flight in 2028

an electric air taxi paint in white sits on a platform at CES 2024

Image Credits: Kirsten Korosec

Supernal, the advanced air mobility company under Hyundai Motor Group, took the wraps off its latest iteration of an electric vertical takeoff and landing aircraft called the S-A2 that executives say is designed to shuttle passengers by 2028.

The S-A2 is essentially a more fully baked version of what it intends to launch commercially and confirms that, at least for now, Hyundai is still intent on getting into the yet-to-exist electric air taxi business.

That timeline, which was announced Tuesday during CES 2024, has come down to earth in the three years since it revealed its vision concept, also known as S-A1. At that time, Hyundai announced a partnership with Uber Elevate — a company that was gobbled up by Joby Aviation — to develop and potentially mass-produce air taxis for a future aerial rideshare network. Uber Elevate said it would start flight demos in 2020 and offer commercial rides in 2023.

With the eVTOL industry still lacking a single commercial operator, Hyundai’s Supernal came back to CES 2024 with more grounded plans.

supernal evtol hyundai
Image Credits: Kirsten Korosec

And it’s certainly throwing resources at the project to get there — although Hyundai has never disclosed its exact investment. Supernal has grown to a 600-person team and is also using technical and business capabilities of Hyundai Motor Group and aviation suppliers around the world as it works toward a commercial launch, according to Jaiwon Shin, Hyundai Motor Group president and CEO of Supernal.

There is still quite a bit of work to be done before that can happen, Supernal CTO Ben Diachun noted on the sidelines of the event.

The S-A2 will have to go through a lengthy Type 1 certification process with the Federal Aviation Administration before it can fly commercially. The company will begin testing this year in California its so-called technology demonstrator vehicles, Diachun said. Supernal will also submit this year its application to the FAA. In 2025, Supernal will submit to the FAA its proposal for means of compliance, he added.

The nuts and bolts

The aircraft shown Tuesday is a V-tail with a distributed electric propulsion architecture and eight all-tilting rotors. The S-A2 is loaded with the kind of redundant components like the powertrain, flight controls and avionics — all of the safety critical systems required for commercial aviation.

The aircraft is designed to cruise 120 miles-per-hour at a 1,500-foot altitude. This is meant to be for suburban into inner city travel, with trips falling between 25 and 40 miles, initially.

Diachun said onstage that the aircraft would operate at about 65 decibels as it takes off and lands and 45 decibels while cruising, about the same as a dishwasher, he claimed.

The company’s designers and engineers also made the interior modular, including the ability to replace the battery as technology improves.

Read more about CES 2024 on TechCrunch

Archer, Kakao Mobility partner to bring electric air taxis to South Korea in 2026

Image Credits: Archer Aviation

Archer Aviation is partnering with ride-hailing and parking company Kakao Mobility to bring electric air taxi flights to South Korea starting in 2026, if the company can get its aircraft developed in time. 

The move to South Korea is part of an international strategy that will also see Archer commercially launch in the United Arab Emirates and India that same year. Competitor Joby Aviation is also targeting South Korea in partnership with SK Telecom and UT, a ride-hailing joint venture between Uber and T Map Mobility, that integrates air and land travel. 

Per the terms of Archer’s latest deal, Kakao Mobility plans to own and operate Archer’s Midnight electric vertical takeoff and landing (eVTOL) aircraft so it can offer air taxi rides to the over 30 million registered users on its Kakao T mobile app, starting in Seoul. 

Archer says the Midnight aircraft has a 100-mile range and is designed for urban environments where the average trip is around 20 miles. The vehicle has an expected payload of more than 1,000 pounds and can carry four passengers in addition to the pilot. However, the vehicle is still in development and has not received an FAA certification yet. 

“The vision is clear – reduce the hours lost in traffic and elevate everyday travel with an electric air taxi service that features Archer’s Midnight aircraft,” said Christopher SungWook Chang, senior vice president of Kakao Mobility, in a statement.

Kakao had previously signed a similar deal with British eVTOL startup Vertical Aerospace. Neither company has responded to TechCrunch’s request for more information on whether that deal is still active.

Kakao and Archer are also jointly participating in the K-UAM (Korea Urban Air Mobility) Grand Challenge, an initiative led by the South Korean government to develop and test UAM commercial technologies that can address issues like traffic congestion and air pollution. The culmination of that challenge will be a public demonstration of Archer’s aircraft in South Korea in late 2024. 

To help Archer’s early commercialization efforts in Korea, Kakao is providing the company with $7 million this year, with a second installment planned for the first-quarter of 2025. 

In total, Kakao has agreed to purchase up to 50 Midnight aircraft, worth approximately $250 million, including pre-delivery payments. Archer didn’t provide more details about when it expects to fulfill all 50 orders, or even the first few. The startup turned SPAC has an agreement with automaker Stellantis to mass produce its eVTOLs and grant the company access to up to $150 million in additional capital. That said, Archer still has to incur all of the costs associated with that collaboration. 

In the first-quarter of 2024, Archer $83.5 million in R&D expenses. Since its inception, the company has incurred around $807.4 million in losses, per regulatory filings. Those losses will only continue to mount as Archer aims to deliver vehicles and build air taxi networks – which won’t be profitable for some time – over the next few years. 

Archer has also shared plans to launch air taxi services in Miami and San Francisco in 2025 in partnership with United Airlines and fixed-base operator Atlantic, but the company has not provided TechCrunch with updates on those planned launches.

Indian EV startup Zypp Electric secures ENEOS backing to fund expansion to Southeast Asia

Zypp Electric last-mile deliveries

Image Credits: Zypp Electric

Indian startup Zypp Electric plans to use fresh investment from Japanese oil and energy conglomerate ENEOS to take its EV rental service into Southeast Asia early next year, TechCrunch has exclusively learned.

The company aims to be in 15 markets over the next two years. Of those 15 markets, Zypp Electric plans to launch its pilot in at least one Southeast Asian market early next year, co-founder and CEO Akash Gupta told TechCrunch in an exclusive interview. The latest funding, which amounted to $15 million and is led by ENEOS, is part of Zypp Electric’s Series C round, which Gupta projects will be between $35 million to $40 million and will be closed in six to eight weeks.

Indonesia, Thailand and the Philippines are potential markets for Zypp Electric. All of these countries are two-wheeler-centric and handle a lot of deliveries, the co-founder said, adding that Indonesia will be the first market to begin in.

“There are different ways we are thinking and discussing that [Southeast Asia launch plan] with a few players. We’ll lay out that in the next two to three quarters,” Gupta said.

He also mentioned that the startup is in early talks to foray into the Middle East as part of its global expansion. However, the exact details of the Middle Eastern launch were not disclosed.

The Gurugram-based startup, which currently operates in major Indian cities Delhi, Bengaluru, Mumbai and Hyderabad, offers an EV-as-a-service platform that caters to e-commerce companies and gig workers. The platform includes an app and accompanying software that provides data and analytics for fleet and delivery management as well as a fleet of electric two-wheelers. Gig economy workers, which can rent the ebikes via a daily, weekly or monthly subscription, make up about 28% of Zypp’s revenue. The remainder of its business serves courier, e-commerce, food and grocery delivery and ride-sharing companies such as Amazon, BigBasket, DHL, Uber, Swiggy, Zepto and Zomato. The startup’s platform is used to make 5 million deliveries every month.

Zypp Electric has been working to expand its business — geographically and by volume. The company earlier planned to expand its fleet to 200,000 electric two-wheelers and enter 30 Indian cities by the end of 2025. However, Gupta told TechCrunch that the startup has decided to go deeper into markets rather than launching in new cities with minimal presence.

The startup has also started offering electric three-wheelers in Delhi and Bengaluru and plans to expand to Mumbai very soon. The three-wheeler fleet already contributes to 10% of the startup’s total revenue, the co-founder said.

Today, Zypp has about 15,000 electric two-wheelers in Delhi, 5,000 in Bengaluru, 1,000 in Mumbai and 500 in Hyderabad.

“The idea is to go deeper in these markets and, in parallel, launch a new market every quarter,” Gupta said. The company plans to grow its fleet of 22,000 electric two-wheelers to 50,000 over the next year. The company wants to expand further to a fleet of 200,000 electric two-wheelers over the next two and a half years, according to Gupta.

In February last year, Zypp Electric raised $25 million in a Series B round led by Taiwan’s battery-swapping company Gogoro. It also counts Goodyear Ventures, Google for Startups and Shell E4 among its key backers.

Gupta said Zypp Electric is already operationally profitable and on track to become EBITA (earnings before interest, taxes and amortization) positive in six to eight months and achieve profit after taxes in 12 to 14 months.

Honda unveils concept EVs and teases new 0 series lineup

Honda bets its electric future on 'thin, light' 0 series EVs at CES 2024

Honda unveils concept EVs and teases new 0 series lineup

Image Credits: Kirsten Korosec for TechCrunch

Honda is dunking on the “thick, heavy” electric vehicle trend in an attempt to build buzz around its upcoming 0 series EVs.

At CES 2024, the automaker teased two concept vehicles, the Saloon and Space-Hub, and said the first commercial model in its 0 series EV lineup will launch in North America in 2026.

Honda’s first 0 series model is apparently “based on” the Saloon concept — a low-slung, roomy yet sporty EV that looks a little like a CGI set piece from a Blade Runner sequel.

Honda unveils concept EVs and teases new 0 series lineup
Image Credits: Kirsten Korosec for TechCrunch

The van-like Space-Hub, meanwhile, seems a bit less dystopic and more family-focused at first blush. My colleague Alex Wilhelm likened it to a “weird fish bowl” in TechCrunch Slack.

Honda unveils concept EVs and teases new 0 series lineup
Image Credits: Kirsten Korosec for TechCrunch

Honda exec Shinji Aoyama boasted in a statement that these concepts are “overwhelmingly different from other EVs,” but that’s typical of concepts; by the time vehicles commercially launch, practicality and mass-market appeal typically win out over aesthetic exploration.

In other words, don’t hold your breath for headrests that double as touchscreen displays.

The interior of Honda's Saloon concept EV
An render depicts the inside of Honda’s Saloon concept EV. Image Credits: Honda

Honda’s announcement included a dig at the maximalist approach electric-vehicle makers have taken lately. “The mobility we dream of is not an extension of the trend of ‘thick, heavy, but smart’ EVs,” global CEO Toshihiro Mibe said in a statement. “We will create a completely new value from zero based on thin, light and wise as the foundation for our new Honda 0 EV series,” he added. Electric vehicles are getting dangerously heavy, a trend that threatens the lives of pedestrians and demands larger batteries and more energy to compensate for vehicle weight. Honda didn’t go into specifics about the first 0 series models; for now, all we have are these brief comments. (But if the company wants to prioritize relatively light vehicles, then why did it kill the Honda e?)

The Saloon features “sustainable materials […] throughout the exterior and interior,” according to Honda’s press release. Yet, Honda didn’t say which materials it used when TechCrunch asked for details. Honda also didn’t specify if it plans to use such materials when it commercially launches its first 0 series electric vehicles.

Honda unveils concept EVs and teases new 0 series lineup
Image Credits: Kirsten Korosec for TechCrunch

Honda has lagged in the switch to electrics, and it recently called it quits on a plan to co-develop “affordable” electric vehicles with GM. Though Honda plans to launch an electric Prologue this year, the automaker intends to launch 30 EVs by 2030. That’s why the 0 series launch will be a big moment for Honda. It’s not much to go on, but it’s still our closest look yet at Honda’s electrified future.

Read more about CES 2024 on TechCrunch