QuantumScape has issued a share offering to pay for an expanded pilot production line for its solid-state batteries just months after it became a publicly traded company via a reverse merger. QuantumScape said in a regulatory filing that the net proceeds from its sale of 13 million shares, — along with an additional 1.95 million… Continue reading QuantumScape’s share sale to fund solid-state battery production roils its market value
Author: Tech Crunch Online News
BMW and PG&E team up to prepare the electric grid for millions of EVs
BMW Group and California utility Pacific Gas & Electric are rolling out the next phase of a pilot that aims to test — and learn — how electric vehicles could support the integration of renewable energy on the electric grid. The ChargeForward program, now entering its third phase, is open to PG&E customers who drive… Continue reading BMW and PG&E team up to prepare the electric grid for millions of EVs
Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round
Across the street from Suzhou North, a high-speed railway station in a historic city near Shanghai, a futuristic M-shaped building easily catches the eye of anyone passing by. It houses the headquarters of the five-year-old Chinese autonomous driving startup, Momenta. Like other major Chinese cities, Suzhou, which is famous for its serene canals and classical… Continue reading Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round
Amazon begins testing its Rivian electric delivery vans in San Francisco
Amazon is expanding customer deliveries via electric cargo vehicle to San Francisco, making the Bay Area the second of 16 total cities the company expects to bring its Rivian-sourced EVs to in 2021. San Francisco’s unique terrain and climate were a couple of the reasons Amazon said it chose the city for its second round… Continue reading Amazon begins testing its Rivian electric delivery vans in San Francisco
Daily Crunch: Uber to classify UK drivers as workers
Uber changes driver classification following a legal defeat in the U.K., Facebook says it will crack down on rule-breaking Groups and Snap makes an e-commerce acquisition. This is your Daily Crunch for March 17, 2021. The big story: Uber to classify UK drivers as workers Following a Supreme Court ruling, Uber said it will classify… Continue reading Daily Crunch: Uber to classify UK drivers as workers
Unagi expands e-scooter subscriptions with $10.5M in new funding
Unagi, the startup behind the portable, design-centric electric scooters, is launching its subscription service to six more U.S. cities in an expansion fueled by $10.5 million in funding. The startup, launched in late 2018 by former Beats Music CEO David Hyman and Mog co-founder, said Wednesday it is bringing its subscription service to Austin, Miami,… Continue reading Unagi expands e-scooter subscriptions with $10.5M in new funding
Arrival to open a second US microfactory to build electric vans for UPS
Arrival, the UK electric vehicle startup that will soon be a publicly traded company, plans to build a second microfactory in the United States. The announcement comes several months after Arrival picked Charlotte, North Carolina for its North American headquarters. This new microfactory will be located in West Charlotte near the airport and about 32… Continue reading Arrival to open a second US microfactory to build electric vans for UPS
Ford expands robotics research with $75 million U-M facility
Ford Motor Company will be embedding 100 of its researchers and engineers in a new $75 million robotics and mobility facility on the University of Michigan’s Ann Arbor campus. This is not the first collaboration between the automaker and the university. Ford is UM’s single largest corporate donor and the two entities have previously teamed… Continue reading Ford expands robotics research with $75 million U-M facility
Dutch court rejects Uber drivers’ ‘robo-firing’ charge but tells Ola to explain algo-deductions
Uber has had a good result against litigation in the Netherlands, where its European business is headquartered, that had alleged it uses algorithms to terminate drivers — but which the court has rejected. The ride-hailing giant has also been largely successful in fending off wide-ranging requests for data from drivers wanting to obtain more of… Continue reading Dutch court rejects Uber drivers’ ‘robo-firing’ charge but tells Ola to explain algo-deductions
Luminar, Volvo subsidiary partner to sell automated driving systems to automakers
Luminar Technologies has deepened ties with Volvo Cars to develop and eventually sell an automated driving system for highways to other automakers. The partnership, announced Thursday, is between Luminar and Volvo’s self-driving software subsidiary Zenseact. The two companies are combining their tech to create what Luminar founder and CEO Austin Russell described as a “holistic… Continue reading Luminar, Volvo subsidiary partner to sell automated driving systems to automakers