Gogoro, the Taiwanese company that’s commercializing battery swapping ecosystems for electric scooters, is targeting the Philippines as its next market. The startup said Tuesday it has partnered with Filipino conglomerate Ayala Corporation, telecomms provider Globe and corporate venture builder 917Ventures to launch a B2B battery swapping pilot in Manila in the first quarter of 2023.… Continue reading Gogoro to pilot battery swapping and Smartscooters in Philippines next year
Author: Tech Crunch Online News
Lordstown Motors begins shipping its Foxconn-made EV pickup trucks
Lordstown Motors has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year. Lordstown Motors, which has experienced investigations, executive upheaval and a shortage of capital, said Tuesday that its full-sized EV truck received full homologation with certification from both the EPA and CARB that clears the… Continue reading Lordstown Motors begins shipping its Foxconn-made EV pickup trucks
If EVs can work in rental car fleets, they can work anywhere
I rented a Tesla during the holiday crush. AMA Tim De Chant 9 hours When I went to book a rental car for Thanksgiving a few months ago, all that Hertz had left at O’Hare International Airport were Teslas. Usually, I end up with something like a Nissan Altima — not an amazing car, but… Continue reading If EVs can work in rental car fleets, they can work anywhere
Moovit users can now track transit vehicles on map in real time
Israeli urban trip planning app Moovit unveiled a new feature Tuesday that allows users to follow a transit line’s movements along the map in real time. The new feature, which is in addition to Moovit’s real time arrival countdown, brings a new level of accuracy and certainty to users’ commutes, the company says. “Live Location… Continue reading Moovit users can now track transit vehicles on map in real time
EV SPAC Faraday Future ousts its CEO
Faraday Future, the troubled EV startup-turned-publicly-traded company has shuffled its executive ranks once again. The board fired its CEO Carsten Breitfeld, according to a regulatory filing posted Monday after the markets closed. Brietfeld, who was the former co-founder of failed EV startup Byton, took the leadership role at Faraday Future in September 2019. The board… Continue reading EV SPAC Faraday Future ousts its CEO
SWVL reduces its headcount by 50% six months after axing 400+ staff
Cairo-born and Dubai-based mass transit and shared mobility services provider SWVL has carried out its second round of layoffs affecting 50% of its remaining headcount, according to a statement shared by the company. The news is coming six months after SWVL laid off 32% of its workforce in a “portfolio optimization program” effort geared towards… Continue reading SWVL reduces its headcount by 50% six months after axing 400+ staff
Stellantis to restructure European dealer network in July 2023
Stellantis, the parent company to brands like Jeep, Dodge, Fiat, Maserati and Peugeot, said Thursday it would reorganize its European dealer networks in July 2023 in an effort to cut costs and support its investment into electrification. Starting next summer, Stellantis said it would end all current sales and services contracts with dealers in Austria,… Continue reading Stellantis to restructure European dealer network in July 2023
Tesla extends FSD access to “anyone in North America who requests it”
Tesla is extending its “full self-driving” (FSD) beta software “to anyone in North America who requests it from the car screen,” according to CEO Elon Musk who tweeted out the news late Wednesday evening. The rollout of FSD across the continent comes as Tesla is potentially facing a criminal investigation from the U.S. Department of… Continue reading Tesla extends FSD access to “anyone in North America who requests it”
What it would mean for Tesla to buy back shares
Tesla investors are begging CEO Elon Musk and the board of Tesla to consider buying back shares as the company’s stock price slumps to a two-year low. Tesla stock was trading at $183.20 after hours on Wednesday, and its market capitalization has plunged by almost $700 billion since its peak a year ago. Musk said… Continue reading What it would mean for Tesla to buy back shares
Dat Bike gets another $8M to put more e-bikes on Vietnam’s roads
Dat Bike is on a mission to put more electric bikes on Vietnam’s roads. The startup said today it has raised $8 million led by returning investor Singapore-based firm Jungle Ventures, just seven months after its first round of funding was announced. GSR Ventures and Delivery Hero Ventures also participated in this round, along with… Continue reading Dat Bike gets another $8M to put more e-bikes on Vietnam’s roads