Mercedes-Benz has confirmed that the EQS sedan, its flagship electric vehicle, will cost at least $100,000, as it began taking orders in Germany on Tuesday. The base model, which has a 90kWh battery pack and uses a single electric motor to power the rear wheels, starts at €106,374.10 — roughly $124,000. The more expensive dual-motor,… Continue reading Mercedes-Benz confirms the electric EQS will cost over $100,000
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Jerry raises $75M at a $450M valuation to build a car ownership ‘super app’
Just months after raising $28 million, Jerry announced today that it has raised $75 million in a Series C round that values the company at $450 million. Existing backer Goodwater Capital doubled down on its investment in Jerry, leading the “oversubscribed” round. Bow Capital, Kamerra, Highland Capital Partners and Park West Asset Management also participated… Continue reading Jerry raises $75M at a $450M valuation to build a car ownership ‘super app’
Moove Raises $23M in Series A Funding
Moove, a Laos, Nigeria-based mobility fintech company, raised $23m in Series A funding. The round was led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Spartech Ventures, Class 5 Global, and Victoria van Lennep, co-founder of Lendable. Africa… Continue reading Moove Raises $23M in Series A Funding
A new Lamborghini Countach is coming, and it might be a hybrid
The official announcement that “the new Lamborghini Countach is coming” aims directly at anyone who had a picture of the iconic sports car on their wall as a kid. With a body covered in angles and show-stopping gull-wing doors, it was the perfect dream car for anyone who didn’t have a driver’s license or plans… Continue reading A new Lamborghini Countach is coming, and it might be a hybrid
The Station: An ADAS business bidding war, the gig worker fight heats up and Biden’s executive order
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. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before… Continue reading The Station: An ADAS business bidding war, the gig worker fight heats up and Biden’s executive order
Workhorse is already redesigning its new electric van
Ohio-based startup Workhorse says it has to redesign its flagship electric van to meet customer needs, after finally getting the vehicle into production this past quarter following years of struggles. The company announced Monday morning that it needs to “revise the design [of] the vehicle” to increase the payload capacity, which has been reported to… Continue reading Workhorse is already redesigning its new electric van
Elon Musk made Tesla a success despite ignoring the golden rule that his rivals have been obsessed with for decades (TSLA)
Car companies with poor quality and reliability have had trouble breaking into the US market. Tesla has been the exception to that rule. The EV-maker has overshadowed its flaws with cutting-edge technology and strong branding. In the past 50 years, automakers have had little hope of breaking into the US market if they couldn’t master… Continue reading Elon Musk made Tesla a success despite ignoring the golden rule that his rivals have been obsessed with for decades (TSLA)
GM to start taking reservations for Cadillac Lyriq electric SUV on Sept. 18 starting at $58,795
GM has confirmed that it will start taking reservations for its upcoming Cadillac Lyriq electric SUV on September 18. The vehicle will start at $58,795. With a lot of demand for compelling new electric vehicles, many automakers have turned to a reservation model when launching a new EV. It helps create a backlog of orders… Continue reading GM to start taking reservations for Cadillac Lyriq electric SUV on Sept. 18 starting at $58,795
France’s Renault, China’s Geely look to set up JV to manufacture hybrid vehicles
France’s Renault SA said on Monday that it is looking to revive business in China by forming a hybrid vehicle joint venture with Geely Holding Group, a year after it ended its previous operation in the world’s largest car market. The two companies have signed a framework agreement to set up the joint venture, which would make… Continue reading France’s Renault, China’s Geely look to set up JV to manufacture hybrid vehicles
Tesla Cybertruck production delayed to 2022
Production on Tesla’s Cybertruck, the automaker’s first electric pickup truck, has been delayed until 2022 according to its order page on the company’s website. First reported by Electrek, under the “due today” section of the Cybertruck’s order page it now reads “you will be able to complete your configuration as production nears in 2022.” This… Continue reading Tesla Cybertruck production delayed to 2022