Like most shared scooter companies, Lime was hit hard by the coronavirus pandemic. “We saw a 95 percent drop in ridership,” Lime CEO Wayne Ting says in an interview. “We’re a mobility company. And one of the things with mobility companies, when communities shut down, riders shut down.” But while the world still remains in… Continue reading Lime’s CEO on the future of scooters: ‘COVID has turned from a headwind into a tailwind’
Author: The Verge Online News
Tesla reportedly cuts its four-year used car warranty to just one year
Tesla has slashed its used car warranty in another round of what could be seen as belt-tightening ahead of what is expected to be a crucial third-quarter financial report. According to Electrek, the automaker previously offered a two- to four-year warranty on used Model S and X vehicles, but now only offers a warranty of… Continue reading Tesla reportedly cuts its four-year used car warranty to just one year
Inside Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
Hopes were high among the employees who joined Foxconn’s Wisconsin project in the summer of 2018. In June, President Donald Trump had broken ground on an LCD factory he called “the eighth wonder of the world.” The scale of the promise was indeed enormous: a $10 billion investment from the Taiwanese electronics giant, a 20… Continue reading Inside Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin
Lime adds Wheels shared e-bikes to its app as it seeks to become a one-stop shop for mobility
The next time you open Lime’s smartphone app, you may see a new type of vehicle that isn’t an electric scooter. The San Francisco-based company announced today that it is integrating Wheels, a shared electric bike startup, into its app so customers can rent an e-bike from Wheels as easily as they would a scooter… Continue reading Lime adds Wheels shared e-bikes to its app as it seeks to become a one-stop shop for mobility
Drone truck startup Einride unveils new driverless vehicles for autonomous freight hauling
Einride, the Swedish autonomous trucking startup, unveiled a new vehicle type that the company hopes to have on the road delivering freight starting in 2021. The vehicles, dubbed Autonomous Electric Transport (AET), came in four different variations. And much like Einride’s previous prototypes, they come without steering wheels, pedals, windshields, and, in general, no cab… Continue reading Drone truck startup Einride unveils new driverless vehicles for autonomous freight hauling
Lucid Motors boasts it will have ‘the fastest charging electric vehicle ever offered’
Lucid Motors announced that its forthcoming all-electric sedan, the Lucid Air, will be the “fastest charging electric vehicle ever offered.” The company claims the Air will have the capability to charge at rates of up to 20 miles per minute — which translates to 300 miles in about 20 minutes. This charging time is possible… Continue reading Lucid Motors boasts it will have ‘the fastest charging electric vehicle ever offered’
Canoo is the latest electric vehicle company to use a ‘reverse merger’ to go public
EV startup Canoo is going public at a valuation of $2.4 billion in an effort to raise enough money to help bring its first vehicle, a VW microbus-style van that was first revealed last year, to market. The company announced Tuesday that it was merging with Hennessy Capital Acquisition Corp IV, a so-called “blank check”… Continue reading Canoo is the latest electric vehicle company to use a ‘reverse merger’ to go public
Faraday Future founder’s bankruptcy spiked a potential deal in the Middle East
Late last year, Faraday Future was supposed to meet with a Middle East sovereign wealth fund to discuss an investment that could have helped pull the struggling EV startup out of its perpetual financial nosedive. But the wealth fund retracted the invite shortly after Faraday Future founder Jia Yueting filed for bankruptcy to resolve billions… Continue reading Faraday Future founder’s bankruptcy spiked a potential deal in the Middle East
Nissan Ariya electric crossover SUV unveiled with up to 300 miles of range
Nissan has long been a leader in electric vehicle sales, despite really only having one EV — the functional-if-uninspiring Nissan Leaf hatchback — on the market. That changed today with the introduction of a new mid-sized SUV with up to 300 miles of range called the Ariya. First unveiled last year as a concept, the… Continue reading Nissan Ariya electric crossover SUV unveiled with up to 300 miles of range
Skydio says it’s not pivoting away from consumer drones, won’t weaponize its self-flying tech
If you’ve been eagerly awaiting the day when self-flying drone startup Skydio becomes a true competitor to DJI, you might taken today’s announcement poorly. You might have assumed that after two impressive drones that didn’t quite fulfill their full potential, Skydio’s decision to build its next flying flagship camera exclusively for the enterprise and military… Continue reading Skydio says it’s not pivoting away from consumer drones, won’t weaponize its self-flying tech