Porsche said Monday it will add a full-sized all-electric SUV to its lineup — slotting above several other upcoming EVs — as part of its goal for 80% of all new sales to be EVs by 2030. Porsche didn’t share many details about the all-electric SUV, including its name, price point or specific production date. The… Continue reading Porsche adds all-electric flagship SUV to its growing EV lineup
Author: Tech Crunch Online News
Rivian in talks with Amazon to remove exclusivity clause of EV van agreement
Rivian is in discussions with Amazon to dissolve the exclusivity piece of their commercial EV van deal, the WSJ reported this morning, citing unnamed sources. If successful, Rivian would be free to sell its commercial all-electric vans to other customers. The talks are ongoing, according to the WSJ’s sources. Amazon confirmed that the exclusivity deal… Continue reading Rivian in talks with Amazon to remove exclusivity clause of EV van agreement
EV SPACs hunt for cash, the SVB fallout continues and a new AV startup emerges
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point… Continue reading EV SPACs hunt for cash, the SVB fallout continues and a new AV startup emerges
Bird still has a long way to go to reach profitability
Shared micromobility company Bird reported a somewhat head-scratching fourth quarter and full year 2022 earnings Friday morning. At first glance, Bird’s earnings show a company that beat Wall Street revenue expectations and is promising free cash flow positivity by the end of this year. But at second glance, that revenue beat isn’t as simple as… Continue reading Bird still has a long way to go to reach profitability
Arrival is running out of cash — and fast
The high cost of trying to develop and produce vehicles, a business pivot and three restructurings has taken a toll on commercial EV maker Arrival. And it doesn’t look like it’s going to get any easier for the company. Arrival, which went public in 2021 via a merger with a special purpose acquisition company, posted preliminary… Continue reading Arrival is running out of cash — and fast
E-bike maker Cowboy raises new funding round and launches AdaptivePower
Brussels-based startup Cowboy has been in the news lately for its cash burn rate. But the company wants to control its narrative again with some product and business news. Cowboy is launching a new feature called ‘AdaptivePower’, which automatically adjusts the power of the motor depending on the current slope and weather conditions. Cowboy’s electric… Continue reading E-bike maker Cowboy raises new funding round and launches AdaptivePower
Envisics raises $50M at a $500M valuation for its in-car holographic tech
The automotive industry is starting to show some signs of recovery after a big contraction during the Covid-19 pandemic, and carmakers planning for the next five years are looking at what new features might help them eek out more sales. Envisics — a U.K. startup that designs holographic in-car technology that projects navigation, safety alerts and… Continue reading Envisics raises $50M at a $500M valuation for its in-car holographic tech
Faraday Future on track to start production of FF 91 this month if funds come through
Faraday Future said Wednesday it plans to start production of its all-electric FF 91 Futurist SUV at the end of March after years of delay, lack of capital and internal drama that threatened the company’s existence. Faraday Future had previously indicated that production would start in March, but had yet to select a date. There… Continue reading Faraday Future on track to start production of FF 91 this month if funds come through
Tesla under investigation after steering wheels fall off two Model Y vehicles
Federal safety regulators are looking into Tesla again — this time over concerns of steering wheels falling off 2023 Model Y vehicles. The National Highway Traffic Safety Administration said Wednesday it received two complaints from owners of the 2023 Model Y that the steering wheel came off while the vehicles were being driven. The investigation… Continue reading Tesla under investigation after steering wheels fall off two Model Y vehicles
Gatik’s Gautam Narang on the importance of knowing your customer
Gatik is something of an outlier in the autonomous vehicle space. Whereas most companies are either trying to scale robotaxis or commercialize long-haul self-driving with Class 8 trucks, Gatik is more focused on smaller box trucks and middle-mile logistics. Gatik CEO and co-founder Gautam Narang said there are two main reasons behind this go-to-market strategy.… Continue reading Gatik’s Gautam Narang on the importance of knowing your customer