Last summer I had the chance to test out the European designed and manufactured electric scooter Äike T at its world debut launch. As one of the first-ever test riders, I didn’t quite know what to expect. But after checking it out and doing my first few parking lot donuts, I knew this would be something special. Now nearly a year later, the Äike T is finally coming to the US via a new subscription service known as Tempo.
The Äike T is one of the first partners of Tempo, a new electric mobility subscription platform led by the founder of e-scooter pioneer Scoot, Michael Keating.
The subscription service is first launching in San Francisco, but the team behind the 20 mph (32 km/h) Äike T electric scooter expect to expand further around the US in the coming year.
As part of the exclusive partnership with Tempo, Äike customers can subscribe to the company’s award-winning Äike T scooter on a month-to-month or annual basis.
When I first covered the scooter, I called it one of the best designed options on the market. And nearly a year later I still stand by that description. The Äike T is a groundbreaking electric scooter in a number of ways.
First, it is entirely developed and produced in Europe, bucking the industry trend of relying on Chinese off-the-shelf parts and assembly for nearly all other electric scooters. It is one of the only electric scooters in the world designed and built in-house, and it shows.
It was also built by the team behind Comodule, the connectivity platform that powers countless electric mobility products from e-bikes like SUPER73s to high-end CAKE electric motorcycles. That gives the Äike T industry-leading connectivity for features like GPS tracking for anti-theft as well as telemetrics that communicate between riders’ phones and their scooters.
The scooter can be locked remotely by the rider and even disabled remotely, removing any resale value in a stolen scooter (and hopefully eventually making the scooters unattractive to thieves once word gets out that they can’t be used or resold).
Riders can also control features like the regenerative braking intensity, which is used to recharge the battery and add more support to the sealed drum brakes.
Unlike disc brakes that fade when wet, the drum brakes could theoretically work just as well even submerged under water. And thanks to the waterproof design of the scooter, wet riding is entirely possible (though still not all that advisable… friction being what it is and all).
The scooter is one of only a handful on the market to include a removable battery, making it possible to swap out batteries to double a rider’s range or simply charge the battery inside while leaving the scooter locked outside or in a garage.
The 583 Wh battery is rated for around 25 miles (40 km) per charge. While that range isn’t groundbreaking by itself, the removable battery is still a rarity in this industry.
And speaking of charging, the Äike T is also the only electric vehicle in the world that can charge from a USB-C laptop charger, making it easy to top up the battery on the go even if riders didn’t bring their charger from home. Nearly any USB-C laptop charger will work, though the higher power 100W models will make the charging process quicker.
Äike CEO Kristjan Maruste explained that the US launch will hopefully help push the local e-scooter market forward:
As we kick off our North American launch in San Francisco, we think consumers will be shocked how different, and how fun, the Äike T e-scooter is compared to the mass-produced e-scooters currently flooding the U.S. market. With its sleek award winning design, user-friendly features, removable battery, and high customizability, having the Äike T now available on Tempo is an important stepping stone to converting the U.S. to high-quality electric scooters.
My first test ride on the Äike T electric scooter, last year in Tallinn, Estonia.
In terms of construction, the Äike T is built like a tank. Don’t let the elegant-looking single side-supported wheels fool you; the Äike T is rated for riders weighing up to 150 kg (330 lb.). I could stack five cases of beer on the spacious deck, sit on those to ride it, and still be under the weight limit.
That would probably work pretty well, too. The deck is designed to be wide enough to accomodate a rider with feet side-by-side, though I’m not sure why anyone would want to ride that way. Perhaps it’s because I’m used to riding electric skateboards, but having a forward and rearward point of contact on a deck just seems more stable to me so I can shift my weight while braking or accelerating. But if you like to ride your scooter like a bathroom scale, you can do it on the Äike T.
The scooter is also designed to handle potholes and rough road conditions that could shake other scooters to bits. The 11-inch wheels with automotive-style tubeless pneumatic tires and rims help to upgrade that durability and longevity. The hub motor is rated at 350W nominal, though puts out 1,000W of peak power. The top speed in the US is limited to 20 mph (32 km/h). While at the launch, I asked Maruste what the true top speed was if the scooter was unlocked. With a sly smile he replied, “Much faster.”
I don’t expect that riders will be given that option to unlock the speed, but it shows that the scooter is built to handle much more than its likely use case, meaning riders won’t have to worry about longevity. But of course that’s one of the advantages to subscription services anyway, that riders don’t have to worry about as many of the hassles of conventional ownership. They also get the chance to use higher-quality machines than they might not otherwise be able to afford to buy outright. Subscription prices for the Äike T start at US $75 per month in the US, compared to the scooter’s purchase price in Europe of between €1,400 to €2,000 (US $1,500 to $2,150), depending on the model.
Keating further expanded on the subscription model:
At Tempo, we believe we can all have freedom of movement while protecting our communities and our planet. By offering electric bikes and scooters on a subscription basis, we are opening up electric mobility to millions of new riders. To show the world how great this can be, we are launching our service with the world’s best performing, best designed, and most technologically advanced scooter: the Äike T.
Electrek’s Take
The Äike T is by far one of the nicest electric scooters I’ve ever tested, and seeing the engineering that went into its design makes it that much more beautiful, inside and out. To see it finally come stateside is an exciting day! They’re also just a really fun company that takes a huge amount of pride in their work. They even put their own employees in the marketing images. That’s the CEO in the old-timey bathing suit at the top of this article, and the head of growth in the next two pictures.
But as nice as the scooter is, the subscription model is a really cool addition to this story since most electric scooter riders aren’t chomping at the bit to lay down nearly two g’s for a scooter.
Other premium electric scooter models like Unagi have found major success with a subscription model, and it certainly makes sense in cities like San Francisco, New York, and other major metropolitan areas where so many trips can easily be completed by a scooter, yet many younger workers are living on tighter budgets stretched even thinner due to high rents and a soaring cost of living.
Here’s to hoping that we’ll see Äike expand even further around the US soon!
FTC: We use income earning auto affiliate links.More.
Tesla’s ‘Supervised Full Self-Driving’ (FSD) in customer vehicles hasn’t improved all year, based on the best available data previously praised by CEO Elon Musk.
Now Musk points to having to wait until later this year, but wait for what?
Musk had previously claimed that v13 would enable “a 5 to 6x increase in miles between disengagements compared to v12.5.”
Advertisement – scroll for more content
The automaker never released any disengagement data to prove any improvement. Therefore, we have had to rely on crowdsourced data. There is a particular dataset that Musk himself previously shared positively, suggesting that the limited dataset is somewhat reflective of what Tesla is seeing in its own data.
As we previously reported, HW3 vehicles are still stuck on v12, and Musk has admitted that the hardware will never support the promised unsupervised self-driving capability, with no plans to rectify the situation in sight.
Now, six months after Tesla released v13, the program has stagnated as the automaker shifted all its efforts to a “robotaxi” pilot program in Austin, Texas.
Tesla has released a new version, v13.2.9 (left), but it has been performing worse than the previous update (v13.2.8 – right) after over 5,000 miles of data:
The latest data on Tesla FSD v13.2.9 points to 371 miles between critical disengagements.
As we previously reported, the robotaxi pilot program in Austin is a moving of the goalpost for Tesla, which has been promising that all its customer vehicles built since 2016 would become capable of unsupervised self-driving with future software updates.
It operates only in a geo-fenced area of Austin, where Tesla is specifically training its neural nets to be optimized for the area. Furthermore, it is using “plenty of teleoperation” to support the fleet, something that can’t scale to customer vehicles.
The hope is that Tesla’s optimization and focus on this pilot project in Austin will ultimately result in Tesla improving FSD in customer vehicles.
Musk has now commented on this effort:
It’s a new version of software, but will merge to the main branch soon. We have a more advanced model in alpha stage that has ~4X the params, but still requires a lot of polishing. That’s probably ready for deploy in a few months.
Quickly after claiming a 4x increase in parameters, Musk said that this would be coming “later this year”:
~4.5X increase in params should be ready for wide release later this year. Super frugal use of memory bandwidth, caching exactly what is needed & squeezing microseconds out of everything are needed to maintain the frame rate. And the whole system needs to be retrained.
It’s worth noting that Musk’s timelines for FSD releases have historically been extremely late.
The better question is what this long-awaited update will bring to Tesla owners?
Electrek’s Take
The promised and paid-for unsupervised self-driving? No. The “unsupervised” self-driving that Tesla is launching as part of the pilot program in Austin is not transferable to the customer fleet. It is geofenced in a small area around Austin, Texas, and it relies on teleoperation, which doesn’t scale to millions of vehicles like Tesla promised.
It’s also important to note that it’s not the first time that Musk has promised a significant increase in parameters. The CEO said that FSD v12.5 on HW4 was a “5x increase in parameters” and that was quite disappointing.
FSD v12.5 on HW4 (left) only brought a 22% increase in miles between critical disengagement compared to v12.3 (right):
In fact, the miles between critical disengagements plummeted with other v12.5 point updates, and it ultimately ended at 184 miles between critical disengagements, significantly below v12.3:
Therefore, it’s hard to get too excited about a new “~4.5x increase in parameters” when that’s what happened the last time Musk called for it.
Additionally, at that time, Musk stated that HW4 could support an “8x increase in parameters,” and it was around this time that he began to express less confidence in his comments about HW3.
It took another 6 months before he finally admitted that HW3 would not support unsupervised self-driving, and Tesla basically stopped making any significant updates on the hardware since.
Tesla is also quickly approaching the limits of HW4 with recent updates.
I think it’s becoming clear that the robotaxi launch in Austin is just another distraction from the fact that Tesla can’t deliver on its promise of making millions of vehicles delivered since 2016 capable of “unsupervised self-driving.”
I’m sure that the effort is going to result in improvements in FSD in customer vehicles later this year, but it won’t be to the level needed to achieve unsupervised self-driving without teleoperation, which again is not scalable.
If Tesla can get closer to 1,000 miles between critical disengagements, it would be nice, but 99% of the value of FSD lies in level 4-5 unsupervised self-driving, and we won’t be even close to that. And that’s what people paid for.
FTC: We use income earning auto affiliate links.More.
BP logo is seen at a gas station in this illustration photo taken in Poland on March 15, 2025.
Nurphoto | Nurphoto | Getty Images
UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP‘s highly prized assets, as takeover speculation for the embattled energy major kicks into overdrive.
Abu Dhabi National Oil Company is thought to be weighing up a move for some of the London-listed firm’s assets, should the oil major break up or seek to divest more units, Bloomberg reported Wednesday, citing unnamed sources familiar with the matter.
ADNOC is reportedly most interested in BP’s liquefied natural gas (LNG) assets, although it is also said to have considered a full takeover of the company. It is understood by Bloomberg that any prospective deal would likely take place via ADNOC’s international unit, XRG.
Spokespeople at BP, ADNOC and XRG declined to comment on the speculation when contacted by CNBC.
A protracted period of underperformance relative to its industry peers has thrust BP into the spotlight as a prime takeover candidate. British rival Shell, as well as U.S. oil giants Exxon Mobil and Chevron, are among some of the names that have been touted as possible suitors.
Any potential deal between ADNOC and BP is seen as far from a foregone conclusion, but analysts point out that the two companies share a long-standing relationship across hydrocarbons and renewables over a range of geographies, most notably in Abu Dhabi and most recently in Egypt.
Former BP CEO Bernard Looney, who left the company after less than four years in the job in September 2023, sits on the XRG board alongside ADNOC CEO Sultan al-Jaber.
Maurizio Carulli, global energy and materials analyst at Quilter Cheviot, said ADNOC’s purported interest in some of BP’s assets is a “significant” development — albeit one that is somewhat expected, given ADNOC is a growing, cash-rich business looking to expand further into gas.
“That said, it seems unlikely that Adnoc would consider a full bid for BP as a whole given the company would not be strategically interested in BP’s oil assets. A few other listed oil majors might, though,” Carulli told CNBC by email.
“BP’s discrete assets, both upstream and downstream, will no doubt capture large interest from a number of both energy and private equity players,” he added.
Strategic reset
Last month, BP reportedly attracted interest from a number of possible buyers for its Castrol lubricants business, a unit thought to be one of the “crown jewels” of its portfolio.
Energy companies including India’s Reliance Industries and Saudi Arabia’s oil behemoth Aramco, as well as private equity firms Apollo Global Management and Lone Star Funds, were all previously touted as suitors for BP’s Castrol unit, Bloomberg reported on May 28, citing people familiar with the matter.
Apollo Global Management and Lone Star declined to comment on the report. CNBC has also contacted Reliance Industries and Aramco.
BP is seeking to fend off a prospective takeover by restoring investor confidence. The company launched a fundamental strategic reset earlier in the year and, despite posting weaker-than-expected first-quarter profit, CEO Murray Auchincloss told CNBC in late April that the firm was “off to a great start” in delivering on its new direction.
Shares of BP have stabilized in recent weeks, following a sharp fall in early April, as trade war volatility rocked financial markets. The stock price is down more than 4% in the year to date.
Allen Good, director of equity research at Morningstar, said it is unlikely BP will be prepared to split with significant pieces of its upstream portfolio, given the firm’s recent green strategy U-turn to double down on hydrocarbons.
Cars are seen at ADNOC gas station in United Arab Emirates on November 26, 2023.
Nurphoto | Nurphoto | Getty Images
As part of BP’s strategic reset, the company announced plans to increase annual oil and gas spending to investment to $10 billion through 2027, while slashing spending on renewables. It is also targeting $20 billion in divestments over the coming years.
“Activist pressure has been more on further cost and capital reductions, not necessarily core divestitures. Breaking up the company is unlikely to be the solution shareholders are looking for,” Allen told CNBC by email.
‘A global energy and chemicals leader’
For XRG, which ADNOC launched last year, reports of interest in some of BP’s assets come as the investment company seeks deals on gas and chemicals assets to help it reach an enterprise value of $80 billion.
“We are committed to delivering long-term value for our stakeholders and reinforcing Abu Dhabi and the UAE’s role as a global energy and chemicals leader,” ADNOC’s al-Jaber said at the time.
Sultan Ahmed Al Jaber, chief executive officer of Abu Dhabi National Oil Co. (ADNOC) and president of COP28, during the CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 11, 2025.
Bloomberg | Bloomberg | Getty Images
Russ Mould, investment director at AJ Bell, said any potential transactions between ADNOC and BP were likely to be hard-driven, with each party striving to defend its own interests.
“BP is under pressure to deliver on its goal to reduce debt, through improved organic cash flow and asset disposals,” Mould told CNBC.
“ADNOC will be well aware of this, and how the clock may be ticking so far as BP management is concerned, and it will therefore look to drive a hard bargain in the process, should it indeed be interested in some of BP’s assets, as reports suggest,” he added.
Chime priced its IPO at $27 per share on Wednesday, above the expected range, in an offering that values the provider of online banking services at $11.6 billion
The company raised roughly $700 million in the IPO, with another $165 million worth of shares being sold by existing investors. The stock is expected to begin trading Thursday under ticker symbol CHYM.
The offering comes after a years-long freeze in the fintech IPO pipeline, as rising interest rates and valuation resets kept many late-stage companies on the sidelines. The market has started to loosen. Trading platform eTorojumped 29% in its Nasdaq debut last month, and crypto company Circle popped after hitting the market last week.
Chime’s decision to go public — even after a steep cut from its last private valuation of $25 billion — marks a major test of investor appetite for consumer-facing finance companies. SoftBank, Tiger Global, and Sequoia all invested in the 2021 round at Chime’s private market peak.
The company’s top institutional shareholders are DST Global and Crosslink Capital, which owned 17% and 9.5%, respectively, of shares before the offering.
Chime’s core business — offering no-fee banking services, debit cards, and early paycheck access — draws most of its revenue from interchange fees. The company competes in various areas with fintech incumbents PayPal, Square and SoFi.
Revenue in the latest quarter climbed 32% from a year earlier to $518.7 million. Net income narrowed to $12.9 million from $15.9 million a year ago.
Morgan Stanley, Goldman Sachs and JPMorgan Chase are leading the IPO.