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!
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GE Vernova has produced over half the turbines needed for SunZia Wind, which will be the largest wind farm in the Western Hemisphere when it comes online in 2026.
GE Vernova has manufactured enough turbines at its Pensacola, Florida, factory to supply over 1.2 gigawatts (GW) of the turbines needed for the $5 billion, 2.4 GW SunZia Wind, a project milestone. The wind farm will be sited in Lincoln, Torrance, and San Miguel counties in New Mexico.
At a ribbon-cutting event for Pensacola’s new customer experience center, GE Vernova CEO Scott Strazik noted that since 2023, the company has invested around $70 million in the Pensacola factory.
The Pensacola investments are part of the announcement GE Vernova made in January that it will invest nearly $600 million in its US factories and facilities over the next two years to help meet the surging electricity demands globally. GE Vernova says it’s expecting its investments to create more than 1,500 new US jobs.
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Vic Abate, CEO of GE Vernova Wind, said, “Our dedicated employees in Pensacola are working to address increasing energy demands for the US. The workhorse turbines manufactured at this world-class factory are engineered for reliability and scalability, ensuring our customers can meet growing energy demand.”
SunZia Wind and Transmission will create US history’s largest clean energy infrastructure project.
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Circle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.
The prospectus, filed with the SEC on Tuesday, lays the groundwork for Circle’s long-anticipated entry into the public markets.
JPMorgan Chase and Citigroup are serving as lead underwriters, and the company is reportedly aiming for a valuation of up to $5 billion. It will trade under ticker symbol CRCL.
It marks Circle’s second attempt at going public. A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position itself closer to the heart of global finance, including the announcement last year that it would relocate its headquarters from Boston to One World Trade Center in New York.
Circle reported $1.68 billion in revenue and reserve income in 2024, up from $1.45 billion in 2023 and $772 million in 2022. The company reported net income last year of about $156 million., down from $268 million a year earlier.
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A successful IPO would make Circle one of the most prominent pure-play crypto companies to list on a U.S. exchange. Coinbase went public through a direct listing in 2021 and has a market cap of about $44 billion.
Circle will be trying to hit the public markets at a volatile moment for tech stocks, with the Nasdaq having just wrapped up its steepest quarterly drop since 2022. The tech IPO market has been mostly dry for over three years, though there are signs of life. Online lender Klarna, digital health company Hinge Health and ticketing marketplace StubHub have all filed their prospectuses recently. Late last week, artificial intelligence infrastructure provider CoreWeave held the biggest IPO for a U.S. venture-backed tech company since 2021. But the company scaled back the offering and the stock had a disappointing first two days of trading before rebounding on Tuesday.
Circle is best known as the issuer of USD Coin (USDC), the world’s second-largest stablecoin by market capitalization.
Pegged one-to-one to the U.S. dollar and backed by cash and short-term Treasury securities, USDC has roughly $60 billion in circulation and makes up about 26% of the total market cap for stablecoins, behind Tether‘s 67% dominance. Its market cap has grown 36% this year, however, compared with Tether’s 5% growth.
The company’s push into public markets reflects a broader moment for the crypto industry, which is enjoying political favor under a more crypto-friendly U.S. administration. The stablecoin sector specifically has been ramping up as the industry gains confidence that the crypto market will get its first piece of U.S. legislation passed and implemented this year, focusing on stablecoins. President Donald Trump has said he hopes lawmakers will send stablecoin legislation to his desk before Congress’s August recess.
Stablecoins’ growth could have investment implications for crypto exchanges like Robinhood and Coinbase as they become a bigger part of crypto trading and cross-border transfers. Coinbase also has an agreement with Circle to share 50% of the revenue of its USDC stablecoin, and Coinbase CEO Brian Armstrong said on the company’s most recent earnings call that it has a “stretch goal to make USDC the number 1 stablecoin.”
The stablecoin market has grown about 11% so far this year and about 47% in the past year, and has become a “systemically important” part of the crypto market, according to Bernstein. Historically, digital assets in this sector have been used for trading and as collateral in decentralized finance (DeFi), and crypto investors watch them closely for evidence of demand, liquidity and activity in the market.
After its meteoric rise in the global auto industry last year, the Chinese EV giant is off to a hot start in 2025. BYD sold over one million EVs and plug-in hybrids in the first three months of the year. Even more impressive, BYD’s overseas sales doubled to start the year as it expands into new markets. With new EVs arriving, some predict BYD could see even more growth this year.
BYD’s overseas sales are surging as new EVs arrive
BYD sold 377,420 new energy vehicles (NEVs) last month alone. Like most Chinese automakers, BYD reports NEV sales, including plug-in hybrids (PHEVs) and fully electric vehicles (EVs).
Of the 371,419 passenger vehicles BYD sold in March, 166,109 were EVs, and the other 205,310 were PHEVs. Combined, BYD’s sales were up 23% compared to last year.
BYD’s Dynasty and Ocean series accounted for 350,615, while its luxury Denza brand sold 12,620, Fang Cheng Bao had 8,051, and its ultra-luxury Yangwang brand sold another 133 models.
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Through the first three months of 2025, BYD sold over one million (1,000,804) NEVs. That’s up 60% from the 626,263 sold in Q1 2024. Fully electric models accounted for 416,388 while PHEV sales reached 569,710, an increase of 39% and 76% from last year, respectively.
BYD Dolphin (left) and Atto 3 (right) at the 2024 Tokyo Spring Festival (Source: BYD Japan)
BYD’s overseas sales reached a new record last month, with 72,723 vehicles sold in markets outside of China. Through March, BYD has sold over 206,000 NEVs overseas, more than double (+110%) the number it sold last year.
BYD has made a name for itself with ultra-low-cost EVs like the Seagull, which starts at under $10,000 in China. In overseas markets, like Mexico, it’s sold as the Dolphin Mini and starts at around 358,800 pesos, or around $20,000.
BYD Seagull EV (Dolphin Mini) testing in Brazil (Source: BYD)
The world’s largest EV maker is quickly expanding into new segments with pickup trucks, smart SUVs, luxury models, and electric supercars rolling out.
Last week, BYD launched the Yangwang U7, its first ultra-luxury electric sedan. With four electric motors, the U7 packs 1,287 horsepower, good for a 0 to 62 mph (0 to 100 km/h) sprint in just 2.9 seconds. It also has up to 720 km (447 miles) CLTC driving range.
BYD Yangwang U7 ultra-luxury electric sedan (Source: Yangwang)
The Porsche Panamera-size EV is loaded with BYD’s top-tier “God’s Eye” A advanced driving assistance system, DiPilot 600, and a host of other premium features. All of that, and it starts at just just 628,000 yuan ($87,700).
In Europe, BYD is aggressively expanding with new vehicles tailored to buyers in the region, like the Sealion 7 midsize SUV and Atto 2. It’s also expected to launch the low-cost Seagull EV in Europe later this year or early 2026 as the “Dolphin Surf.”
BYD’s wide-reaching electric vehicle portfolio (Source: BYD)
According to S&P Global Mobility, BYD’s sales are expected to double in Europe this year to around 186,000. By 2029, that number could reach 400,000 or more.
BYD outsold Honda and Nissan in 2024. As it aims to sell 5.5 million vehicles this year, BYD could be on track to surpass Ford in global sales this year. BYD also aims to sell over 800,000 EVs overseas in 2025, double the number it sold last year.
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