Owen Diaz, a former elevator operator at Tesla’s Fremont factory who accused the company of racial discrimination, will once again face off against the automaker in court. After Diaz and his lawyers rejected a $15 million payout last week, which had been slashed from a jury-awarded $137 million, a federal California judge granted Tesla’s motion… Continue reading Tesla will go back to court for racial discrimination lawsuit
Author: Tech Crunch Online News
How Cadillac plans to use its $300,000 Celestiq EV to rebuild the brand
The Cadillac Celestiq, the brand’s halo EV set to debut during Monterey Car Week in August, will reportedly start around $300,000, pushing it well above the top variants from other luxury EVs, including the Lucid Air Dream Edition, Porsche Taycan Turbo S and Tesla Model X Plaid. While Cadillac would not confirm the eye-popping price… Continue reading How Cadillac plans to use its $300,000 Celestiq EV to rebuild the brand
Volkswagen unveils ID.AERO concept that will provide the basis for 2023 flagship EV
Volkswagen Group unveiled its ID.AERO concept in China on Monday — slated to serve as the inspiration behind the automaker’s flagship EV, and first-ever global all-electric sedan, next year. A version of the Volkswagen ID.AERO concept will go into production for the Chinese market in the second half of 2023. The automaker hasn’t announced a… Continue reading Volkswagen unveils ID.AERO concept that will provide the basis for 2023 flagship EV
What’s the ‘secret sauce’ behind Croatian EV maker Rimac?
The startup, valued at $2.2B, has sights set on an IPO — but certainly not a SPAC Jaclyn Trop 7 hours Rimac Group made headlines in June after it raised €500 million ($537 million) in a Series D round led by Goldman Sachs and SoftBank Vision Fund 2. The deal valued the Croatian startup at… Continue reading What’s the ‘secret sauce’ behind Croatian EV maker Rimac?
Bird gets a warning from the NYSE because its stock price is too low
Scooter and micromobility company Bird has to fly at a slightly higher altitude — at least if it wants to keep its New York Stock Exchange (NYSE) listing. The company issued a press release on Friday noting that it had received word from the NYSE that its share price was “not in compliance” with the… Continue reading Bird gets a warning from the NYSE because its stock price is too low
EV fleet management startup Synop steers its way to $10M seed round
When it comes to moving the transportation sector over to EVs, commercial fleets are probably some of the lowest hanging fruit. More often than not, they have consistent routes, reserved off-hour parking, and cost a lot less to drive and maintain. But for many commercial operators, EVs are still a wildcard. Gagan Dhillon and Andrew… Continue reading EV fleet management startup Synop steers its way to $10M seed round
GM is latest to join the race to streamline EV charging
General Motors said Wednesday it will join a growing list of automakers focused on streamlining the EV charging process by equipping its models with ‘Plug and Charge’ capability — aka the ability to easily plug in and automate payment at a range of different charging stations. Though Plug and Charge technology has been available since… Continue reading GM is latest to join the race to streamline EV charging
Einride to operate its cab-less autonomous pods on U.S. public roads
Einride, the Swedish startup that wants to electrify the autonomous freight industry, will begin operating its purpose-built, self-driving pods on public roads in the U.S. this year as part of an existing partnership with General Electric Appliances (GEA). Einride’s pods are built without a front cabin for a human safety operator, which the company says… Continue reading Einride to operate its cab-less autonomous pods on U.S. public roads
The Station: Tesla leads in ADAS crashes, gig companies lose battle in MA
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Your usual host, Kirsten Korosec, is off the grid and hopefully having a fabulous vacation, so I’ll be taking over the newsletter this week. Up first: NHTSA’s report on… Continue reading The Station: Tesla leads in ADAS crashes, gig companies lose battle in MA
Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding
The e-commerce market in Egypt is expected to grow 30% to $7.5 billion this year, spurred by a growing number of younger shoppers and rising incomes. Local merchants are essential in driving this growth, and solving their logistical and operational needs end-to-end is where new upstarts in Egypt notice the most opportunity. Khazenly, founded in… Continue reading Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding