The round attracted renowned international investors from all around the globe, including Moore Strategic Ventures (MSV), the privately held investment company for Louis M. Bacon, founder & CEO of Moore Capital Management, LP; John Snow, Previous U.S. Secretary of Treasury; Alejandro Agag, the founder and Chairman of Formula E and a pioneer in EV racing… Continue reading German Electric Vehicle (EV) manufacturer, e.GO Mobile, successfully closes Series B funding round
Tag: Strategy
@Daimler: Daimler Truck AG ends 2020 COVID year confident and sees significant increase in unit sales in 2021
COVID year 2020 characterized by significantly declined markets in the first two quarters, impact on unit sales, revenue and earnings Recovery of markets in the second half of the year; positive order intake signals growth course; increase of market shares Daimler Truck AG expects increase in sales, revenue, return on sales in 2021 Planned Spin-off… Continue reading @Daimler: Daimler Truck AG ends 2020 COVID year confident and sees significant increase in unit sales in 2021
@niche: Workhorse Stock Extends Slide After Losing $6 Billion USPS Fleet Upgrade Deal000564
Bloomberg Sudden Demise of $1.8 Billion Fund Points to Long-Feared Danger (Bloomberg) — An early sign of trouble for James Velissaris’s complex mutual fund emerged in the waning days of a chaotic year.Investors in his $1.8 billion fund at Infinity Q Capital Management received a message in December that it would stop accepting new money… Continue reading @niche: Workhorse Stock Extends Slide After Losing $6 Billion USPS Fleet Upgrade Deal000564
Ford CEO calls on U.S. government to support EV batteries, charging
By Paul Lienert 2 Min Read (Reuters) – Ford Motor Co’s Chief Executive on Wednesday called on the U.S. government to support battery production and charging infrastructure development, as he outlined the automaker’s plan to develop electric platforms for its top-selling trucks, vans and SUVs. FILE PHOTO: Ford Motor Co. CEO Jim Farley walks to… Continue reading Ford CEO calls on U.S. government to support EV batteries, charging
@Geely: Volvo Cars and Geely Auto to Deepen Collaboration
2021 February 24, Hong Kong/Gothenburg. Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximise the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales. Powertrain operations to be combined in new company focused on next-generation… Continue reading @Geely: Volvo Cars and Geely Auto to Deepen Collaboration
Trov Mobility Partners with Zoom EV to Right-Size Coverage For Their New EV Car Share Program
LONDON, Feb. 24, 2021 /PRNewswire/ — Trov (www.trov.com), a global leader in embedded insurance technology, today announces the continuation of the company’s expansion in the United Kingdom through a new partnership with Zoom EV (www.zoom-ev.com), a British e-mobility brand with an innovative approach to car sharing. Zoom EV’s new car share service will allow auto-dealer networks… Continue reading Trov Mobility Partners with Zoom EV to Right-Size Coverage For Their New EV Car Share Program
Lucid Motors is set to go public with a $24 billion valuation. It probably couldn’t have happened without billions in Saudi money.
Electric vehicle startup Lucid Motors plans to go public via SPAC at a $24 billion valuation. The company struggled for years before getting $1.3 billion from Saudi Arabia in 2019. The deal increases Saudi Arabia’s ownership stage from 67% to 85%. Visit the Business section of Insider for more stories. Somewhere out there, there’s a… Continue reading Lucid Motors is set to go public with a $24 billion valuation. It probably couldn’t have happened without billions in Saudi money.
Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024
Archer Aviation, the electric aircraft startup that recently announced a deal to go public via a merger with a blank-check company, plans to launch a network of its urban air taxis in Los Angeles by 2024. The announcement comes two months after the formation of the Urban Air Mobility Partnership, a one-year initiative between Los… Continue reading Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024
Cazoo acquires German car subscription platform
Cazoo has acquired Cluno, Germany’s leading consumer car subscription platform, for an undisclosed sum. Founded in 2017, Cluno has grown to a team of over 100 based in Munich. Cluno offers a flexiblealternative to car ownership, offering a choice of up to 100 makes and models, with a single monthly subscription fee which includes the car,… Continue reading Cazoo acquires German car subscription platform
@VW Group: More powerful battery, longer range: upgrade for the Audi plug-in hybrids Q5, A6, and A7002461
Upgrade for the Audi plug-in hybrids Q5, A6, and A7 Sportback: The TFSI e models now come with even greater battery capacity. The lithium-ion battery now delivers 14.4 kWh net (17.9 kWh gross) and allows an increased electric range of up to 91 kilometers, measured in accordance with the NEDC cycle (73 km according to… Continue reading @VW Group: More powerful battery, longer range: upgrade for the Audi plug-in hybrids Q5, A6, and A7002461