Lucid Group completed its first quarter as a public company with a booming stock price and customer deliveries underway, as it seeks to grab the top spot in the burgeoning luxury EV market. The company has come a long way since its founding as Atieva in 2007. After shifting its focus from EV battery and… Continue reading Lucid Group’s customer reservations top 17,000 since end of third quarter
Author: Tech Crunch Online News
Canoo is setting up headquarters in Walmart’s hometown, picks Panasonic as battery supplier
Canoo, the electric automaker that became a publicly traded company last year, is expanding its U.S. footprint with plans to establish its headquarters and an advanced manufacturing industrialized facility in Bentonville, Arkansas — a city most famously connected with Walmart. “This is an advanced manufacturing facility that will allow us to produce vehicles for unique… Continue reading Canoo is setting up headquarters in Walmart’s hometown, picks Panasonic as battery supplier
Honda shows off the latest version of its ‘Autonomous Work Vehicle’
At CES 2018, Honda revealed several companion mobility robot concepts. It’s moving forward with at least one of them, an autonomous vehicle that can go off road. Honda and engineering company Black & Veatch have been putting the second-gen Autonomous Work Vehicle (AWV) through its paces at a solar panel construction site. This was the… Continue reading Honda shows off the latest version of its ‘Autonomous Work Vehicle’
Foxconn buys Lordstown Motors’ Ohio factory for $230M, plans to help produce Endurance electric pickup
Electric light-duty truck manufacturer Lordstown Motors has officially sold its 6.2-million-square-foot Lordstown, Ohio factory to Foxconn, the Taiwanese hardware manufacturing company best known for making Apple’s iPhone. The $230 million deal is expected to close by the end of April next year, according to a statement from Lordstown. The terms of the deal are in… Continue reading Foxconn buys Lordstown Motors’ Ohio factory for $230M, plans to help produce Endurance electric pickup
Ample raises $30M to take battery swapping business to Europe
Ample, a startup developing battery swapping technology for electric vehicles, has scored another $30 million from The Blackstone Group and Spanish multinational financial services company Banco Santander. The San Francisco-based company should be at or near unicorn status, considering its valuation back in August was $890 million, according to Pitchbook. Unicorn status means a company… Continue reading Ample raises $30M to take battery swapping business to Europe
Self-driving truck startup Kodiak Robotics raises $125M
Kodiak Robotics, one of the last privately held autonomous truck outfits in Silicon Valley, has raised $125 million in new capital, funding that will be used to double its workforce as it pursues a path to commercialization. The oversubscribed Series B stands out for its lengthy list of backers and notably that the lead investor… Continue reading Self-driving truck startup Kodiak Robotics raises $125M
Intel, Samsung and Porsche among investors in TriEye’s $74M funding round
Israeli startup TriEye has raised $74 million to commercialize a type of sensing technology that can be used to help autonomous and driver-assistance systems to see better in adverse conditions. The technology uses short-wave infrared (SWIR), which refers to a wavelength range that is outside the visible spectrum. While SWIR sensing is not new, it… Continue reading Intel, Samsung and Porsche among investors in TriEye’s $74M funding round
Inspiration, an EV asset financing firm, comes out of stealth with $200M and Revel as first customer
Inspiration wants to help commercial fleets go electric, and it has already started by financing electric mobility company Revel’s ride-hail fleet of blue Teslas. The startup, which finances electric vehicles and has plans to build, own and operating the corresponding charging infrastructure, came out of stealth on Wednesday with an initial $200 million in capital… Continue reading Inspiration, an EV asset financing firm, comes out of stealth with $200M and Revel as first customer
Chinese EV startup Nio’s journey to the West
Nio, a Chinese electric vehicle startup listed on the NYSE, will be in at least six European markets by 2022. The firm shared its ambitions for Europe on its earnings call this week. Nio is already taking orders for its electric SUVs and shipping small batches in Norway, its first stop outside China. It didn’t… Continue reading Chinese EV startup Nio’s journey to the West
Rivian raises $12B in one of the hottest IPOs of 2021
Electric automaker Rivian has priced its initial public offering at $78 a share, pushing it far above its targeted share price as investors dove in the year’s most highly anticipated IPO. Updated: the story haas been updated to reflect the regulatory filing figures. The company offered 153 million shares of common stock at the $78… Continue reading Rivian raises $12B in one of the hottest IPOs of 2021