It appears battery startup SES’ investors are quite happy with its first earnings report. The company went public in February via a SPAC merger, and to no one’s surprise, reported a loss. And its investors don’t seem to mind. Its shares, while still trading below its SPAC merger price, were up 16.7% at $6.15 at the… Continue reading Investors reward battery startup SES for losing money (but not too much)
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Raising monster rounds for self-driving mobility startups on TechCrunch Live
Raquel Urtasun founded Waabi in 2021 after spending nearly three years as Uber’s R&D head of Advanced Technology Group (ATG). Waabi’s mission is to develop an AI-first approach to speed up the commercial deployment of autonomous vehicles, starting with long-haul trucks. To do so, her company raised an $83.5 million Series A with Khosla Venture’s… Continue reading Raising monster rounds for self-driving mobility startups on TechCrunch Live
European micromobility startup Reby acquired by PE player House of Lithium for $100M
Founded in 2018, European micromobility startup Reby took an interesting path. It deployed e-scooters in the city of Zaragoza (Spain), during the COVID-19 pandemic, but also created a SaaS-oriented “MaaS” (mobility-as-a-service) platform. It then won 18 agreements with public administrations for e-mobility across Italy and Spain, slightly under the radar compared with large, well-funded players… Continue reading European micromobility startup Reby acquired by PE player House of Lithium for $100M
Fully electric RVs are coming—with steeper range and charging challenges than electric cars
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NovaCHARGE deploys 627 charging ports for Florida’s Park & Plug program
NovaCHARGE, an Orlando-based provider of charging hardware, software and cloud-based charger administration, has completed the successful deployment of 627 EV charging ports for Duke Energy Florida’s Park & Plug program. Duke selected NovaCHARGE as the prime contractor for its Park & Plug program, which was launched in 2018. NovaCHARGE was responsible for delivery of a… Continue reading NovaCHARGE deploys 627 charging ports for Florida’s Park & Plug program
Grab vies for AmBank despite tricky nature of deal
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VW’s revived Scout brand of electric pickups and SUVs could be a hit
Volkswagen’s decision to revive the dormant International Scout brand of SUVs and pickups with a family of U.S.-centric electric vehicles is a potential stroke of genius that should cause sleepless nights for executives at Ford, Jeep, Chevrolet and GMC. The new vehicles, which could be on sale as soon as 2026, flow from the confluence… Continue reading VW’s revived Scout brand of electric pickups and SUVs could be a hit
F-150 Lightning review, Scout electric SUVs, Fisker Pear and Lordstown Endurance: The Week in Reverse
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Didi said cybersecurity review completion a “prerequisite” for new listing
On Wednesday, China’s ride-hailing giant Didi urged US investors to vote yes on delisting its shares from New York. Didi said it can’t pursue a new listing as it faces a cybersecurity review launched last July by Chinese regulators, which still has no clear end in sight. Why it matters: The company said in a… Continue reading Didi said cybersecurity review completion a “prerequisite” for new listing
McLaren will join Formula E in 2023
Team news is starting heat up ahead Formula E’s Gen3 debut next season, and today one of the bigger expected announcements was made official. Ahead of the Berlin E-Prix, McLaren Racing announced its move to Formula E for season nine, committing to fielding a team when the series’ new spec makes its first competitive laps.… Continue reading McLaren will join Formula E in 2023