This week's transportation news highlights key developments, including Lyft's European expansion, Nuro's entry into Japan, and the unveiling of the Lucid Gravity SUV. Additionally, the return of SPACs is notable, with Kodiak Robotics merging with Ares Acquisition Corporation II to secure funding for its autonomous vehicle technology. The market is also looking at the potential for eVTOL infrastructure to drive up real estate values in rural areas, indicating a shift towards innovative transportation solutions that could reshape industry dynamics.
"The transaction values Kodiak, which has raised around $243 million to date, at about $2.5 billion pre-money."
"SPACs? Say it ain't so. And yet, here we are with a fresh merger between autonomous vehicle technology startup Kodiak Robotics and special purpose acquisition company Ares Acquisition Corporation II."
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