Volvo Cars said it will only make and sell all-electric vehicles by 2030, as part of a broader transformation of the automaker that will include shifting sales online. “The key to sustainability is electrification, said Volvo Cars CEO Håkan Samuelsson during a presentation Tuesday. “Together with investments in charging infrastructure that is the right way… Continue reading Volvo to sell only all-electric vehicles by 2030
Author: Tech Crunch Online News
Offering a service that prioritizes the highest-paying gigs in the gig economy, Stoovo raises funding
Semih Korkmaz and Hantz Févry launched Stoovo in 2019 as a way to help gig workers make the best use of their time. Févry, who immigrated to the U.S. from Haiti, knew first hand the struggles that come with part time work from his days as a student at Stonybrook University. While there bouncing from… Continue reading Offering a service that prioritizes the highest-paying gigs in the gig economy, Stoovo raises funding
Hyzon Motors’ hydrogen fuel ambitions include two US factories
Hyzon Motors plans to produce fuel cells, including a critical component required to power hydrogen vehicles, at two U.S. factories in a move aimed at kickstarting domestic production at a commercial scale. The hydrogen-powered truck and bus manufacturer has already leased a 28,000-square-foot facility in the Chicago suburb of Bolingbrook and plans to expand it… Continue reading Hyzon Motors’ hydrogen fuel ambitions include two US factories
The Station: Lucid Motors, Joby Aviation take the SPAC path and Sergey Brin’s airship ambitions
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. Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to… Continue reading The Station: Lucid Motors, Joby Aviation take the SPAC path and Sergey Brin’s airship ambitions
Lime unveils new ebike as part of $50 million investment to expand to more 25 cities
Lime said Monday it has allocated $50 million towards its bike-share operation, an investment that has been used to develop a new ebike and will fund its expansion this year to another 25 cities in North America, Europe, and Australia and New Zealand. If the company hits its goal, Lime’s bike-share service will be operational… Continue reading Lime unveils new ebike as part of $50 million investment to expand to more 25 cities
Aurora acquires a second lidar company in push to bring self-driving trucks to the road
Aurora, the autonomous vehicle company that recently closed its acquisition of Uber’s self-driving subsidiary, has snapped up another startup. This time, Aurora is buying OURS Technology, the second lidar startup it has acquired in less than two years. Aurora acquired Blackmore, a Montana-based lidar startup, in May 2019. Aurora declined to disclose the acquisition price… Continue reading Aurora acquires a second lidar company in push to bring self-driving trucks to the road
Joby Aviation takes flight into the public markets via a SPAC merger
Joby Aviation, a startup that has spent more than a decade developing an all-electric, vertical take-off and landing passenger aircraft, will become a public company through a merger with Reinvent Technology Partners, a special purpose acquisition company from well-known investor and LinkedIn co-founder Reid Hoffman. The combined company, which will be listed on the New… Continue reading Joby Aviation takes flight into the public markets via a SPAC merger
Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024
Archer Aviation, the electric aircraft startup that recently announced a deal to go public via a merger with a blank-check company, plans to launch a network of its urban air taxis in Los Angeles by 2024. The announcement comes two months after the formation of the Urban Air Mobility Partnership, a one-year initiative between Los… Continue reading Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024
ChargeLab raises seed capital to be the software provider powering EV charging infrastructure
As money floods into the electric vehicle market a number of small companies are trying to stake their claim as the go-to provider of charging infrastructure. These companies are developing proprietary ecosystems that work for their own equipment but don’t interoperate. ChargeLab, which has raised $4.3 million in seed financing led by Construct Capital and… Continue reading ChargeLab raises seed capital to be the software provider powering EV charging infrastructure
Lucid Motors strikes SPAC deal to go public with $24 billion valuation
Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup. The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction… Continue reading Lucid Motors strikes SPAC deal to go public with $24 billion valuation