Electric vehicle startup Rivian hopes to raise up $8.4 billion in its initial public offering, according to a regulatory filing posted Monday. The company, which is backed by Amazon, said in the filing that it plans to offer 135 million shares at a price between $57 and $62. Underwriters also have an option to buy up… Continue reading Electric vehicle maker Rivian seeks to raise $8.4 billion in IPO
Author: Tech Crunch Online News
The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your spooktacular central hub for all past, present and future means of moving people and packages from Point A to Point B.… Continue reading The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup
Amazon reveals 20% stake in Rivian ahead of EV maker’s IPO
Amazon disclosed Friday that it owns a 20% stake in Rivian, the electric automaker that filed for an IPO earlier this month. As of September 30, the e-commerce giant held equity investments, including preferred stock of Rivian that represented about 20% ownership interest, according to the filing. That holding had a “carrying value” of $3.8… Continue reading Amazon reveals 20% stake in Rivian ahead of EV maker’s IPO
Toyota’s first battery EV has 280-mile range and a solar roof option
This past April, Toyota teased the bZ4X, the first of seven “Beyond Zero” fully electric vehicles the automaker said it would debut by 2025. Other than to reveal it was working with Subaru to develop the SUV and that it would include its upcoming e-TNGA powertrain, the company didn’t share many details about the bZ4X. On… Continue reading Toyota’s first battery EV has 280-mile range and a solar roof option
Bosch to invest another $467 million to boost chipmaking capacity
German technology and parts supplier Robert Bosch GmbH will invest another 400 million euros ($467 million) to expand its chip manufacturing facilities in response to the ongoing semiconductor shortage that has wreaked havoc on the production of everything from vehicles and appliances to personal computers and power tools. The boosted expenditure, which is earmarked for… Continue reading Bosch to invest another $467 million to boost chipmaking capacity
Mercedes cars will have optional Dolby Atmos audio starting in 2022
You won’t have to buy a Lucid Air if you want a car with more immersive Dolby Atmos. Mercedes will equip its cars with Atmos audio on all models that use both its latest MBUX interface (introduced with the latest S-Class) and an optional Burmester 3D or 4D sound system. Whether or not you’ll driving, you’ll hear compatible music in… Continue reading Mercedes cars will have optional Dolby Atmos audio starting in 2022
Audi turns to software to add more range to its older e-tron EVs
Audi has rolled out a new software update to its 2019 model year e-tron electric SUV that will add up to 12 miles of range to the battery. While the improvement might not seem significant — it is, after all, only 12 miles — it does show how automakers are using software to improve older… Continue reading Audi turns to software to add more range to its older e-tron EVs
Bolt to expand EV option in South Africa
Estonian on-demand transport firm Bolt is set to roll out electric taxi options in South Africa four months after introducing e-bike food delivery services in the country. Bolt’s plan follows the introduction of a ‘green category’ – which lets riders hail an electric or a hybrid vehicle. This comes as the company expands its services… Continue reading Bolt to expand EV option in South Africa
An all-electric Range Rover is coming in 2024
Land Rover plans to add an all-electric Range Rover to its lineup in 2024, the brand said Tuesday. The announcement was made alongside its reveal of the 2022 Range Rover, the redesigned fifth generation of its luxury SUV that is loaded with tech, features an electrical architecture to support over-the-air software updates and sits on… Continue reading An all-electric Range Rover is coming in 2024
Tier scoots off with $200M, all-equity ‘first close’ of Series D
Berlin-based e-scooter rentals company Tier Mobility has announced a $200 million raise which it says is the “first close” of its Series D, as investors continue to plough money into urban micromobility. The startup confirmed to TechCrunch it will be raising a larger amount before the Series D is closed out (and the full round… Continue reading Tier scoots off with $200M, all-equity ‘first close’ of Series D