Seven months after he filed for Chapter 11 bankruptcy to deal with $3.6 billion in personal debt, the reorganization plan laid out by Jia Yueting — the tycoon founder of troubled EV startup Faraday Future — has been approved by a judge. In overly simple terms, the majority of the people and companies he owes… Continue reading Judge approves Faraday Future founder’s personal bankruptcy plan
Author: The Verge Online News
Tier’s shared electric scooters will soon come with foldable helmets
Micromobility rental company Tier is introducing new electric scooters which come with a helmet to protect their riders, the company announced today. 200 of the helmet-equipped scooters will be deployed to Paris and Berlin this month, followed by 5,000 more over the course of the summer. Tier says it’s the first e-scooter company to introduce… Continue reading Tier’s shared electric scooters will soon come with foldable helmets
Jaguar’s I-Pace racing series will end because of COVID-19
The Jaguar I-Pace racing series, which launched in 2018, will come to an end this year after just two seasons due to the economic fallout of the COVID-19 pandemic. Jaguar I-Pace eTrophy, as it’s officially called, will finish out whatever races it can this year alongside electric racing series Formula E and then fold up… Continue reading Jaguar’s I-Pace racing series will end because of COVID-19
James Dyson says he spent £500M of his own money on the company’s canceled electric vehicle
Dyson’s canceled electric vehicle was known internally as the N526, would have had a 600-mile range per charge and could go from zero to 62 mph in 4.8 seconds, company founder James Dyson said in an interview with the (London) Sunday Times. James Dyson says he even drove the prototype of the SUV-style vehicle, meant… Continue reading James Dyson says he spent £500M of his own money on the company’s canceled electric vehicle
GM kills its electric bike project, Ariv
GM has killed its first electric bike. The automaker’s Ariv e-bikes, pronounced like “arrive” and stylized as “ARĪV,” were released last year in a handful of countries in Europe. But thanks to COVID-19, the company said it has decided to wind down its e-bike production. The website where customers previously could place orders now redirects… Continue reading GM kills its electric bike project, Ariv
Nikola gets $4 million pandemic loan, as patent lawsuit against Tesla continues
Electric big rig startup Nikola received a $4.1 million loan from the Small Business Administration’s Paycheck Protection Program (PPP) meant to help small businesses keep people employed during the COVID-19 pandemic, according to an April 15th filing with the Securities and Exchange Commission. It’s at least the third EV startup to receive money from the… Continue reading Nikola gets $4 million pandemic loan, as patent lawsuit against Tesla continues
Faraday Future gets a $9 million government pandemic loan
Electric vehicle startup Faraday Future has obtained a $9,176,800 loan from the Small Business Association’s Paycheck Protection Program (PPP), which was recently launched to help small businesses keep people employed during the COVID-19 pandemic, the company tells The Verge. That’s close to the $10 million maximum allowed in the program, and the loan will be… Continue reading Faraday Future gets a $9 million government pandemic loan
Uber launches new delivery services as demand for ride-hailing plummets
Uber is launching a pair of new services called Uber Connect and Uber Direct as the ongoing COVID-19 pandemic minimizes demand for its traditional ride-hailing business. They are focused on moving items rather than people. Uber Direct will offer deliveries from shops like pharmacies and pet stores, while Uber Connect is a same-day courier service… Continue reading Uber launches new delivery services as demand for ride-hailing plummets
Lime is buying up the remnants of electric skateboard company Boosted
Scooter sharing company Lime is scooping up the assets of defunct electric skateboard startup Boosted, The Verge has learned. At least five of Boosted’s core patents were assigned to Lime’s holding company on April 15th in the government’s database, and two former employees say Lime has been working on acquiring Boosted’s intellectual property dating back… Continue reading Lime is buying up the remnants of electric skateboard company Boosted
Free Zoom backgrounds you can use to disguise your messy remote work rooms
Now that people are finding themselves working remotely or setting up virtual parties to chat with friends and family while maintaining social distance, Zoom is quickly becoming the go-to source for those gatherings. But when you spend days quarantining at home, cleaning up for a Zoom call might be the last thing on your mind.… Continue reading Free Zoom backgrounds you can use to disguise your messy remote work rooms