Mercedes-Benz announced today that Sila’s energy-dense silicon anode is slated for an extended-range version of the electric G-Class that’s due out in 2025. Sila said that its silicon anode material can boost energy density by 20% to 40% over existing cells, enabling a longer range from battery packs that occupy the same physical space. That… Continue reading Electric Mercedes G-Class will go the distance with Sila’s energy-dense silicon anodes
Author: Tech Crunch Online News
Argo AI launches driverless autonomous vehicle testing in Miami, Austin
Argo AI, the autonomous vehicle technology company backed by Ford and Volkswagen, is launching driverless testing operations in Miami and Austin, a significant milestone for the startup that illustrates its progress toward commercialization. Argo’s announcement Tuesday follows a period of consolidation within the industry that has left just a handful of large, capital-rich companies in… Continue reading Argo AI launches driverless autonomous vehicle testing in Miami, Austin
Bird changes course, drops vehicle sales in pursuit of profitability
Bird presented its first quarter 2022 earnings on Monday after the bell. Revenue has decreased consistently since the company went public via a special purpose acquisition merger in November last year. As a result, Bird is looking at streamlining resources so it can achieve profitability this year. Bird’s initiatives involve focusing on its most profitable… Continue reading Bird changes course, drops vehicle sales in pursuit of profitability
Rivian founder RJ Scaringe snaps up $1M worth of EV maker’s stock
Rivian founder and CEO RJ Scaringe bought 41,000 shares of company stock worth about $1 million, a securities filing posted Monday afternoon shows. The latest proxy filing, which pre-dated this purchase, shows Scaringe owns 11.99 million shares of class A stock, or about 1.3%, and 7.82 million class B common stock. He also holds 4.3… Continue reading Rivian founder RJ Scaringe snaps up $1M worth of EV maker’s stock
Rivian says pricing dispute with seat supplier threatens Amazon van program
Rivian filed a complaint against Commercial Vehicle Group, alleging that the supplier violated a contract and nearly doubled prices on a custom seat package bound for the electric vans its producing for Amazon and potentially other commercial customers. WSJ was the first to report on the complaint, which was filed March 9 in the Wayne… Continue reading Rivian says pricing dispute with seat supplier threatens Amazon van program
Everything Uber announced at its global product event
Uber revealed a host of new platforms and features during its global product event, Go Get 2022, on Monday. The new products span Uber’s ride-hail and delivery services, and aim to increase ridership, open new lines of business, incentivize drivers to go electric and more. The new features were highlighted during the event in a… Continue reading Everything Uber announced at its global product event
Investors reward battery startup SES for losing money (but not too much)
It appears battery startup SES’ investors are quite happy with its first earnings report. The company went public in February via a SPAC merger, and to no one’s surprise, reported a loss. And its investors don’t seem to mind. Its shares, while still trading below its SPAC merger price, were up 16.7% at $6.15 at the… Continue reading Investors reward battery startup SES for losing money (but not too much)
Raising monster rounds for self-driving mobility startups on TechCrunch Live
Raquel Urtasun founded Waabi in 2021 after spending nearly three years as Uber’s R&D head of Advanced Technology Group (ATG). Waabi’s mission is to develop an AI-first approach to speed up the commercial deployment of autonomous vehicles, starting with long-haul trucks. To do so, her company raised an $83.5 million Series A with Khosla Venture’s… Continue reading Raising monster rounds for self-driving mobility startups on TechCrunch Live
European micromobility startup Reby acquired by PE player House of Lithium for $100M
Founded in 2018, European micromobility startup Reby took an interesting path. It deployed e-scooters in the city of Zaragoza (Spain), during the COVID-19 pandemic, but also created a SaaS-oriented “MaaS” (mobility-as-a-service) platform. It then won 18 agreements with public administrations for e-mobility across Italy and Spain, slightly under the radar compared with large, well-funded players… Continue reading European micromobility startup Reby acquired by PE player House of Lithium for $100M
Canoo warns it may not have enough funds to bring EVs to market
Canoo’s first-quarter earnings shows a company burning through cash, no near-term revenue and a warning that it may not have enough money to stay in business. Shares of Canoo, which were down 5% Tuesday, fell another 17.5% in after-market trading following the release of its earnings. It has since recovered and is now down more… Continue reading Canoo warns it may not have enough funds to bring EVs to market