UK-based electric two-wheeler manufacturer Zapp Electric Vehicles is merging with a blank-check company to become publicly traded on the Nasdaq at a post-money valuation of $573 million. Zapp says it will use the proceeds from the merger to bring its long-awaited i300 high performance, seated city scooter to market. The i300 was initially revealed back… Continue reading Electric motorbike maker Zapp Electric Vehicles to go public via SPAC
Author: Tech Crunch Online News
Lyft, Redwood Materials partner to recycle shared e-bike and e-scooter batteries
Lyft is partnering with Redwood Materials, a battery recycling company founded by ex-Tesla co-founder JB Straubel, to ensure the batteries from its fleets of shared electric bikes and scooters don’t end up in landfill at their end of life. The news, reported by The Verge, comes the same week that Lyft ended its dockless bike… Continue reading Lyft, Redwood Materials partner to recycle shared e-bike and e-scooter batteries
HyperloopTT’s SPAC public debut may be going nowhere fast
Hyperloop Transportation Technologies (HyperloopTT) has entered into a definitive merger agreement with special purpose acquisition company (SPAC) Forest Road Acquisition Corp. II, which is led by former Disney executives Tom Staggs and Kevin Mayer. The combined company will list shares at a pre-money valuation of $600 million. In theory, hyperloop technology is a vacuum tube-based… Continue reading HyperloopTT’s SPAC public debut may be going nowhere fast
Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa
Leta, a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets. Leta’s proprietary route and load optimization technology is designed to boost efficiency in the delivery of goods to customers, and… Continue reading Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa
Faraday Future warns it may not be able to deliver its luxury EV
Electric vehicle startup-gone-SPAC Faraday Future has raised a going concern warning, per regulatory filings. The company said it has substantial doubt as to whether it would be able to continue operating over the next year, adding that it is uncertain when it will dispatch first deliveries of its FF 91 luxury EVs. This isn’t the… Continue reading Faraday Future warns it may not be able to deliver its luxury EV
Everything that stood out to us at the 2022 LA Auto Show
The 2022 Los Angeles Auto Show is in the rearview mirror, leaving us with one final task: sharing a roundup of the weird and wonderful, the awkward and eye-popping vehicle unveilings and new announcements that made this year’s show. The auto show didn’t quite capture the energy of those heady pre-COVID pandemic days, although it… Continue reading Everything that stood out to us at the 2022 LA Auto Show
Tesla issues back-to-back recalls
Tesla recalled more than 350,000 vehicles from U.S. customers over the weekend in two separate campaigns. The automaker said Saturday that it was recalling more than 321,000 vehicles over a software glitch that disables the tail lights on some cars. The recall covers 2023 Model 3 sedans, as well as Model Y crossovers for model… Continue reading Tesla issues back-to-back recalls
Inside the Waymo-Zeekr robotaxi, Bird spirals and layoffs come to Nuro
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Inside the Waymo-Zeekr robotaxi, Bird spirals and layoffs come to Nuro
Einride founder on building an underlying business to support future tech goals
Swedish startup Einride was founded in 2016 with a mission to electrify freight transport. Today, that means designing electric trucks and an underlying operating system to help overland shippers make the transition to electric. In the future, it will mean deploying electric autonomous freight — more specifically, Einride’s autonomous pods, which are purpose-built for self-driving… Continue reading Einride founder on building an underlying business to support future tech goals
Hyundai launches home charging ecosystem as part of EV push
Hyundai announced this week at the LA Auto Show a new way for its customers to charge at home as part of the company’s efforts to woo a new group of EV buyers. Hyundai Home, the automaker calls it, incorporates solar panels, energy storage and EV charging for Hyundai owners. Hyundai announced a partnership with… Continue reading Hyundai launches home charging ecosystem as part of EV push