Volkswagen has started series production of the ID. 4, an all-electric SUV and the first under the automaker’s new ID label to be headed to the United States. Series production of the ID.4 kicked off Thursday at the company’s Zwickau factory in Germany ahead of the vehicle’s world premiere that is scheduled for September. The… Continue reading VW kicks off production of its all-electric SUV, the ID. 4
Author: Tech Crunch Online News
Lucid’s new all-electric sedan will let owners send energy to their homes by mid-2021
Lucid Motors said Wednesday that its upcoming all-electric Air sedan will have fast-charging capability that will let owners add 300 miles of range to the battery in 20 minutes and a home-charging unit that will allow owners to send energy from their car to their home. Lucid said it is able to hit this benchmark… Continue reading Lucid’s new all-electric sedan will let owners send energy to their homes by mid-2021
Omio takes $100M to shuttle through the coronavirus crisis
Multimodal travel platform Omio (formerly GoEuro) has raised $100M in late stage funding to help see its business through the coronavirus crisis. It also says it’s eyeing potential M&A opportunities within the hard-hit sector. New and existing investors in the Berlin-based startup participated in the late stage convertible note, although omio isn’t disclosing any new… Continue reading Omio takes $100M to shuttle through the coronavirus crisis
Tesla announces 5 for 1 share split, rallies 8%
Today after the close of regular trading Tesla, a well-known American electric vehicle company, announced that it intends to split its shares 5 for 1. The split announcement comes after a sharp rally in the value of Tesla equity in recent quarters. The company’s shares quickly rallied on the news, picking up 8% in after-hours… Continue reading Tesla announces 5 for 1 share split, rallies 8%
How Moovit went from opportunity to a $900M exit in 8 years
Private investor (and former Moovit president) Omar Téllez shares the inside story Omar Téllez 12 hours Omar Téllez Contributor Omar Téllez is a private investor in several tech companies based in LatAm and Silicon Valley. A member of Niantic’s executive team, he was previously president of Moovit. More posts by this contributor Top VCs Are… Continue reading How Moovit went from opportunity to a $900M exit in 8 years
Uber picks up Autocab to push into places its own app doesn’t go
Uber has bought UK based Autocab, which sells SaaS to the taxi and private hire vehicle industry, with the aim of expanding the utility of its own platform by linking users who open its app in places where it doesn’t offer trips to local providers who do. No acquisition price has been disclosed and Uber… Continue reading Uber picks up Autocab to push into places its own app doesn’t go
ChargePoint raises $127M as electric vehicle adoption grows among fleet operators
Electric vehicle charging network ChargePoint raised $127 million in funding in a bid to expand its platform for businesses and fleets in North America and Europe. A mix of existing investors from the oil and gas, utilities and venture industries added to the round, including American Electric Power, Chevron Technology Ventures, Clearvision and Quantum Energy Partners.… Continue reading ChargePoint raises $127M as electric vehicle adoption grows among fleet operators
Autonomous vehicle reporting data is driving AV innovation right off the road
Grace Strickland Contributor Grace Strickland is an attorney with more than six years of experience representing technology clients in cutting-edge industries, including autonomous transportation. John McNelis Contributor John McNelis is an intellectual property partner and leader of the autonomous transportation and shared mobility practice at Fenwick & West; he also chairs the California Technology Council’s… Continue reading Autonomous vehicle reporting data is driving AV innovation right off the road
Lordstown Motors becomes latest EV automaker to use a SPAC to go public
Lordstown Motors, the one-year-old Ohio electric automaker that revealed a pickup truck prototype in June, has reached a deal to merge with special-purpose acquisition company DiamondPeak Holdings Corp., with a market value of $1.6 billion. The agreement marks the latest company — and electric automaker — to become a publicly traded company through a merger… Continue reading Lordstown Motors becomes latest EV automaker to use a SPAC to go public
Ford Bronco reservations surpass 150,000
The reception to Bronco 2021 — Ford’s flagship series of 4×4 vehicles that were revealed earlier this month — surpassed expectations of the company’s most optimistic initial projections, CEO Jim Hackett said in an earnings call Thursday. More than 150,000 customers have plunked down $100 to reserve a spot to order one of the vehicles,… Continue reading Ford Bronco reservations surpass 150,000