$70 Million Financing Keeps Workhorse’s Share Surge Humming

Parked Workhorse van More Shares of Workhorse Group Inc. (NASDAQ: WKHS) continued their ascent after the company announced a new $70 million financing agreement. The designer and maker of electric vehicles and truck-mounted delivery drones entered into a financing agreement with institutional investor, HT Investments (High Trail Capital), for a $70 million senior secured convertible… Continue reading $70 Million Financing Keeps Workhorse’s Share Surge Humming

Truck Maker Aiming for 400 Vehicle Sales Is Worth $1 Billion

(Bloomberg) — Shares of Workhorse Group Inc., a maker of electric delivery vehicles, are surging as investors bet the Trump administration will want the company and a fellow Ohio-based affiliate to succeed. Workhorse’s stock soared as much as 38% on Tuesday after the company announced it had secured $70 million in financing from an institutional… Continue reading Truck Maker Aiming for 400 Vehicle Sales Is Worth $1 Billion

Another Bugatti-Rivalling 3000-HP Hypercar Is Coming From Greece – CarBuzz

Meet the Apeiron. Niche supercar manufacturers have been popping up all over the world for some time now. The Lykan Hypersport, the Devel Sixteen, and more recently Spyros Panopoulos Automotive’s Chaos are among the most extreme hypercars ever – cars that challenge the abilities of established rulers like the Bugatti Chiron Super Sport 300+. That… Continue reading Another Bugatti-Rivalling 3000-HP Hypercar Is Coming From Greece – CarBuzz

Lordstown Motors Says First-Year Electric Pickup Build Is Sold Out

A commercial fleet-focused electric pickup from Lordstown Motors Corp. (LMC) is sold out for its first year – if the startup secures the $450 million needed to retool a former General Motors Company (NYSE: GM) car plant to make full-size trucks. LMC revealed a prototype of its Endurance on Thursday with Vice President Mike Pence… Continue reading Lordstown Motors Says First-Year Electric Pickup Build Is Sold Out

Workhorse Gets Final Safety Nod To Begin Electric Van Ramp-Up

Workhorse C1000 electric delivery van More Workhorse Group Inc. (NASDAQ: WKHS) can begin ramping up production of its composite-body electric delivery van now that it has met federal safety standards. Production of the C-Series 1,000- and 650-cubic-foot vans is trickling through assembly at Workhorse’s plant in Union City, Indiana. Workhorse has about 1,100 orders pending… Continue reading Workhorse Gets Final Safety Nod To Begin Electric Van Ramp-Up

@FaradayFuture: Fully Submerged Battery Pack

FF was established in 2014 with a visionary approach, to transform the way people move and live. From that vision, the remarkable FF 91 was born, a vehicle that truly disrupts the traditional automotive space and in turn demands the highest performance of all its systems. The foundation beneath the FF 91 is the Variable Platform… Continue reading @FaradayFuture: Fully Submerged Battery Pack

Update: RiverSimple’s Latest Seedrs Campaign Surpasses £500,000 – Crowdfund Insider

Wales-based hydrogen-electric car company Riversimple has successfully secured more than £500,000 through its latest equity crowdfunding campaign on Seedrs. The funding round, which originally sought to raise £200,000, made its debut less than a year after Riversimple raised £839,958 through its previous Seedrs campaign. As previously reported, Riversimple has designed a new car called the… Continue reading Update: RiverSimple’s Latest Seedrs Campaign Surpasses £500,000 – Crowdfund Insider