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India’s bike rental startup Bounce raises $3m from Innoven Capital

April 22, 2019 Two-wheeler rental startup Bounce has raised $3 million in debt funding from Innoven Capital, according to a company statement on Monday. This is Bounce’s second round of funding from the InnoVen, taking their total debt investment to $6 million. Till date, the company has raised over $22.5 million across two rounds. Mint… Continue reading India’s bike rental startup Bounce raises $3m from Innoven Capital

UPDATE 2-Tesla reveals computer chip at heart of self-driving initiative

SAN FRANCISCO (Reuters) – Tesla Inc unveiled on Monday technical details on the computer chip at the center of its self-driving strategy as Chief Executive Elon Musk tries to show that the electric car maker’s massive investment in the sector will pay off. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S.… Continue reading UPDATE 2-Tesla reveals computer chip at heart of self-driving initiative

UPDATE 2-Nissan to reject new integration proposal from Renault – Nikkei

TOKYO (Reuters) – Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. FILE PHOTO: Renault CEO Thierry Bollore, Renault Chairman Jean-Dominique Senard, Nissan CEO Hiroto Saikawa, Mitsubishi Motors Chairman and CEO Osamu Masuko… Continue reading UPDATE 2-Nissan to reject new integration proposal from Renault – Nikkei

UPDATE 1-Nissan to reject new integration proposal from Renault – Nikkei

TOKYO (Reuters) – Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. FILE PHOTO: Renault CEO Thierry Bollore, Renault Chairman Jean-Dominique Senard, Nissan CEO Hiroto Saikawa, Mitsubishi Motors Chairman and CEO Osamu Masuko… Continue reading UPDATE 1-Nissan to reject new integration proposal from Renault – Nikkei

Nissan ex-boss Ghosn hit with fresh charge

Former Nissan boss Carlos Ghosn has been indicted by prosecutors in Japan on a fresh charge of aggravated breach of trust. It is the fourth charge brought against Mr Ghosn and relates to the alleged misuse of company funds. The 65-year-old is in detention in Tokyo and his lawyers have applied for bail. Mr Ghosn,… Continue reading Nissan ex-boss Ghosn hit with fresh charge

UPDATE 4-Tesla investigates video of parked Model S exploding in Shanghai

SHANGHAI (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc said it has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving its cars. FILE PHOTO: A Tesla logo is seen on a wheel rim… Continue reading UPDATE 4-Tesla investigates video of parked Model S exploding in Shanghai

Report: Rivian plans six new models by 2025

Rivian R1T
Rivian has been taking, not just the electric-car world, but the car world in general by storm with its planned all-electric pickup and SUV. But its plans don't stop there.

CEO RJ Scaringe told Bloomberg last week that the company will bring six new all-electric models to market by 2025.

DON'T MISS: Rivian R1T all-electric pickup revealed: 400-mile range, 160-kw DC fast charging

We've caught glimpses of the first three: the R1T pickup and R1S SUV that the company showed in prototype form at the LA Auto Show last November, and the spy photos of a high-performance off-road rally car that the company has hinted will be its third model.

Rivian R1S

The pickup is expected to arrive in 2021 as a 2022 model and the seven-passenger R1S SUV a year later. The rally car would arrive sometime after that.

The other models will also be focused on the truck and SUV market, Scaringe said.

CHECK OUT: Rivian off-road rally performance car could follow electric pickup, SUV

Those six electric trucks and SUVs may not be the end, either. They comprise models that Rivian will produce under its own brand, but the company has said that it plans to license its “skateboard” electric-car chassis to other automakers as well, to produce products that won't compete directly with its own models.

In its latest investment round last fall, Rivian announced that it received $700 million from Amazon, and rumors swirled that the company was also talking to GM.

READ MORE: Electric upstart Rivian plans for dealers, but not to sell trucks

In the interview, Scaringe revealed that the company rejected an offer from GM to trade its electric powertrain expertise with GM in return for GM's manufacturing and production prowess, in order to protect its ability to license its technology to other automakers.

The Michigan-based startup automaker also owns the vast former Mitsubishi factory in Normal, Illinois, that used to churn out everything from Eclipse hatchbacks to hulking Endeavor SUVs (and Chrysler, Dodge, and Plymouth badge-engineered products). That's where Rivian plans to produce its own cars, as well as potentially those for other clients.