Transportation

Propelled by surging eCommerce, Drizly cashes in on shuttered bars with sale to Uber. It is the second major deal in the last year for Uber after buying Postmates for $2.65 billion in 2020. [more]

The EV market is experiencing high activity as more EV-focused companies list publicly, expand product offerings, and create partnerships. However, EV sales growth has significantly declined in the past year. [more]

Lordstown Motors, an EV start-up based in the U.S., listed publicly on the NASDAQ through a merger with DiamondPeak. Lordstown’s stock has increased by 39% since it started trading publicly last month. [more]

Last week, DoorDash, a U.S. food delivery company, filed its Form S-1 Prospectus with plans fora NYSE listing under the ticker “DASH”. Earlier this year, DoorDash raised $400 million, on a $16B valuation. [more]

Last month, XL Fleet, a provider of vehicle electrification solutions, announced plans to go public through a merger with Pivotal Investment Corporation II, a special purpose acquisition company. [more]

Alberta’s Energy Minister, Sonya Savage, visited E3’s office in Calgary to show the Alberta Government’s commitment to mineral development in the province. E3’s patented technology extracts lithium from oil field brine waters, with planned production starting in 2022. [more]

eResearch spoke with CEO William Trainer and VP of Corporate Development & Director John LaGourgue about the Company’s upcoming growth initiatives, including the launch of its new electric Vicinity model, and its plans to expand its presence in the U.S. market. [more]

Last week, Snowflake, a U.S. company focused on cloud-driven data query and analytics services, started trading on the NYSE at $245 per share, after pricing its IPO at $120 per share, double the expected range of $75 to $85 per share floated earlier this month. [more]