Solid Power, the solid-state battery developer backed by Ford and BMW, is hitting the public markets running with a spike in stock price shortly after trading opened Thursday. The company is one of a handful in the electric mobility space to have gone public via a merger with a blank-check firm. Solid Power announced the… Continue reading Solid Power ramps up solid-state battery race with public market debut
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High tech Tesla Cybertruck camper is raising money at astronomical $400 million valuation
CyberLandr, a very ambitious high-tech camper designed for the Tesla Cybertruck, is raising money at an astronomical $400 million valuation. Earlier this year, we reported that people had already started selling third-party Tesla Cybertruck accessories even though the truck is not on the market yet. It started with this camper system for Cybertruck called Cyberlandr. We… Continue reading High tech Tesla Cybertruck camper is raising money at astronomical $400 million valuation
Ford stops taking reservations for the F-150 Lightning
Ford has stopped taking reservations for the all-electric F-150 Lightning as it prepares to start making and shipping the new pickup truck in the first half of 2022. The company says it has collected 200,000 refundable $100 deposits for the Lightning since it debuted in May. That means that anyone not already in line may… Continue reading Ford stops taking reservations for the F-150 Lightning
The Chevy Silverado EV pickup truck will go into production early 2023
The Chevy Silverado EV will go into production in early 2023, according to Automotive News. The electric truck, which will make its public debut in a few weeks at the 2022 Consumer Electronics Show (CES) in January in Las Vegas, will go on sale in late 2023. The Silverado EV will be the second electric… Continue reading The Chevy Silverado EV pickup truck will go into production early 2023
Indian ride-hailing major Ola raises $139m at $7.3b valuation: Report
Bengaluru based ride-hailing aggregator Ola has raised about $139 million (Rs 1,049 crore) in its Series J funding round led by Edelweiss, according to several Indian media reports. The round was backed by family offices, corporates, and high net worth individual investors. Concurrently, the company has acquired geospatial services provider GeoSpoc for Rs 26 crore, the… Continue reading Indian ride-hailing major Ola raises $139m at $7.3b valuation: Report
India: Ola Electric raises $53m led by Temasek, valued at $2.7b
Temasek, which invested through its affiliate Macritchie Investments Pte. Ltd., led a ₹398 crore ($53 million) financing round for Ola Electric at a post-money equity valuation of $2.7 billion ( ₹2025 crore), according to VCCircle estimates. The company issued 371 Series C preference shares to a dozen investors at ₹1,07,34,860 apiece, according to a recent regulatory disclosure filing.… Continue reading India: Ola Electric raises $53m led by Temasek, valued at $2.7b
Volkswagen closes three new partnerships to amp up EV production
Volkswagen has entered into three new partnerships related to electric vehicle batteries, as the German automaker looks to transition its entire portfolio of cars, trucks and SUVs to zero-emission vehicles by 2040. The three separate partnerships, all of which were announced Wednesday, are with materials technology group Umicore, battery specialist 24M Technologies and Vulcan Energy… Continue reading Volkswagen closes three new partnerships to amp up EV production
Autonomous driving startup Deeproute.ai prices L4 solution at $10,000
Deeproute.ai, an autonomous vehicle startup with offices in Shenzhen and Fremont, California, unveiled an ambitious self-driving solution on Wednesday. The package, named DeepRoute-Driver 2.0, is a production-ready Level 4 system that costs approximately $10,000. The price tag is incredible given the hardware used: five solid-state lidar sensors, eight cameras, a proprietary computing system, and an… Continue reading Autonomous driving startup Deeproute.ai prices L4 solution at $10,000
China’s Evergrande edges closer to default, misses debt deadline
China Evergrande did not make payments on some U.S. dollar bonds at the end of a month-long grace period, sources familiar with the situation told Reuters on Tuesday, setting the stage for a massive default by the world’s most indebted property developer. Adding to a liquidity crisis in China’s once bubbling property market, smaller peer Kaisa Group Holdings was also unlikely… Continue reading China’s Evergrande edges closer to default, misses debt deadline
Elon Musk: Tesla Bot can solve labor shortage, but there’s no clear timeline
Elon Musk gave an update on Tesla Bot, Tesla’s upcoming humanoid robot project, and said that he believes it can solve the labor shortage issue. But the CEO is not committing to any timeline. Earlier this year, Musk announced plans for Tesla Bot, a humanoid robot equipped with artificial intelligence aimed at completing general repetitive tasks. At… Continue reading Elon Musk: Tesla Bot can solve labor shortage, but there’s no clear timeline