Argo Corporation, a technology venture led by former Tesla and Facebook executives, announced its financial results for Q2 2024. The company is transitioning from an EV subscription model to a focus on building the world’s first vertically integrated city transit system. Q2 saw a significant increase in R&D investment, a restructuring of operations, and continued growth in its restaurant supply platform, FoodsUp. Argo aims to revolutionize urban mobility with its integrated transit system, offering convenient first- and last-mile solutions.