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Bond Mobility CEO Raoul Stockle on a bike at the micromobility summit. Photo: Bond Mobility

Some prominent names from the mobile world have teamed up to form Bond Mobility, an e-bike startup that has raised $20 million from backers including Japanese car parts giant Denso.

The bigger picture: Bond enters an already crowded micromobility market filled with bike-sharing and scooter startups. To stand out form the pack — and compete against Uber-owned Jump — Bond is betting on a fast, dockless e-bike capable of traveling up to 30 miles per hour.

Former Cyanogen CEO Kirt McMaster is Bond's chief business officer, while prominent analyst Horace Dedieu is a co-founder and chief strategy officer.

Bond is actually a rebranding and broadening of an existing e-bike venture, Smide, that has been up and running in Zurich, Switzerland since 2016.

Unlike rival bike-sharing services, McMaster says Bond competes more with cars than scooters or walking.

"Jump does not substitute a car," McMaster said in an interview. "This substitutes a car."

What's next: McMaster says the company hopes to operate in Silicon Valley, Southern California and a few other West Coast cities.

Go deeper

Trump impeachment trial to start week of Feb. 8, Schumer says

Senate Majority Leader Chuck Schumer. Photo: The Washington Post via Getty

The Senate will begin former President Trump's impeachment trial the week of Feb. 8, Majority Leader Chuck Schumer announced Friday on the Senate floor.

The state of play: Schumer announced the schedule after reaching an agreement with Republicans. The House will transmit the article of impeachment against the former president late Monday.

1 hour ago - Health

CDC extends interval between COVID vaccine doses for exceptional cases

Photo: Joseph Prezioso/AFP via Getty

Patients can space out the two doses of the coronavirus vaccine by up to six weeks if it’s "not feasible" to follow the shorter recommended window, according to updated guidance from the Centers for Disease and Control and Prevention.

Driving the news: With the prospect of vaccine shortages and a low likelihood that supply will expand before April, the latest changes could provide a path to vaccinate more Americans — a top priority for President Biden.

Texas AG sues Biden administration over deportation freeze

Texas Attorney General Ken Paxton speaks to members of the media in 2016. Photo: Alex Wong/Getty Images

Texas Attorney General Ken Paxton is suing the Biden administration in federal district court over its 100-day freeze on deporting unauthorized immigrants, and he's asking for a temporary restraining order.

Between the lines: The freeze went into effect Friday, temporarily halting most immigration enforcement in the U.S. In the lawsuit, Paxton claims the move "violates the U.S. Constitution, federal immigration and administrative law, and a contractual agreement between Texas" and the Department of Homeland Security.