Onto has raised $175 million in a combined equity and debt Series B round, capital the U.K.-based electric vehicle subscription startup plans to use to expand within the country as well as move into new markets. This latest round brings Onto’s total funding to $245 million. Swedish VC Alfvén & Didrikson is leading the round… Continue reading Onto raises $175 million in Series B to expand EV subscription service in the UK
Tag: Tesla
Lucid Motors goes public, collects $4.5 billion
Electric vehicle startup Lucid Motors is now a publicly traded company, following the completion of a merger where it fetched an eye-watering $4.5 billion in fresh capital. Shares of the Saudi-owned, California-based startup began trading on the Nasdaq stock exchange Monday morning. Lucid Motors will now turn its full attention back to an even taller… Continue reading Lucid Motors goes public, collects $4.5 billion
Google’s self-driving startup Waymo argues the UK shouldn’t cap autonomous cars on the road
Google’s self-driving division Waymo argued the UK shouldn’t restrict autonomous cars on the road. Its comments come as the UK consults on the regulation of driverless cars. Cars with some level of self-driving capabilities will be permitted on UK roads this year. Loading Something is loading. Waymo, the self-driving vehicles startup owned by Google, has… Continue reading Google’s self-driving startup Waymo argues the UK shouldn’t cap autonomous cars on the road
Autos & Transportation · July 24, 2021 · 12:48 PM UTCGM, Cruise sue Ford to block use of ‘BlueCruise’ name for hands-free drivingGeneral Motors Co (GM…
DETROIT, July 24 (Reuters) – General Motors Co (GM.N) and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor Co (F.N) from using the name “BlueCruise” to market its hands-free driving technology, the companies said on Saturday. In a statement released shortly after midnight Detroit time, GM said Ford’s use of the… Continue reading Autos & Transportation · July 24, 2021 · 12:48 PM UTCGM, Cruise sue Ford to block use of ‘BlueCruise’ name for hands-free drivingGeneral Motors Co (GM…
Elon Musk says Tesla is ‘quite likely’ to build a factory in India but only if import taxes are lowered
Tesla CEO Elon Musk on Friday said a new factory in India was “quite likely.” But he added that the country would first have to lower its import fees for completed vehicles. Tesla has been lobbying government officials to lower import duties, Reuters reported. Loading Something is loading. Tesla is “quite likely” to build an… Continue reading Elon Musk says Tesla is ‘quite likely’ to build a factory in India but only if import taxes are lowered
WeVee Raises $7M Seed Funding
WeVee, a London UK-based electric vehicle leasing platform, raised $7M in seed funding. The round – which will take WeVee’s combined valuation to over $40m – was led by German entrepreneurs Rahmyn Kress and Michael Perschke, who joined WeVee Founder Paul Fagan as co-founders and board members. The company intends to use the funds to expand… Continue reading WeVee Raises $7M Seed Funding
Elon Musk confirms Tesla will not offer a regular steering wheel on new Model S/X
Elon Musk has confirmed that Tesla will not offer a regular steering wheel option on new Model S and Model X vehicles. When Tesla unveiled the new Model S with the “yoke” butterfly steering wheel, it was controversial. Some were worried about the actual shape of the wheel being problematic and others about the lack… Continue reading Elon Musk confirms Tesla will not offer a regular steering wheel on new Model S/X
Tesla lobbies India for sharply lower import taxes on electric vehicles -sources
By Aditi Shah 3 Min Read NEW DELHI (Reuters) – Tesla Inc has written to Indian ministries seeking a big reduction in import duties on electric vehicles (EVs), a move it says will boost demand and generate revenue for the government, two sources with knowledge of the matter said. FILE PHOTO: A Tesla logo is… Continue reading Tesla lobbies India for sharply lower import taxes on electric vehicles -sources
Tesla (TSLA) is going on a salesforce hiring spree as demand ramps up in the US
Tesla (TSLA) is going on a salesforce hiring spree as demand is expected to ramp up in the US. However, the automaker is focusing on part-time positions to cut costs. Sources familiar with the matter told Electrek that Tesla is embarking on a new hiring spree for sales staff in North America. The hiring spree… Continue reading Tesla (TSLA) is going on a salesforce hiring spree as demand ramps up in the US
Tesla signs nickel deal with BHP to secure non-Chinese supply
Tesla has agreed to buy nickel for its batteries from BHP, the world’s largest miner, as it looks to lock up supplies of the metal not controlled by China. The deal is the third agreement for nickel that the electric carmaker has signed in the last eight months, following deals with Vale and the Trafigura-backed… Continue reading Tesla signs nickel deal with BHP to secure non-Chinese supply