Bankrupt EV startup Fisker is under investigation by the U.S. Securities and Exchange Commission, according to a new filing from the financial regulator. The SEC says in the filing it has sent multiple subpoenas to Fisker as part of the investigation, and that it may send more. The agency does not say what the investigation […]
Fisker faces SEC investigation as bankruptcy case drags on Read More »
When Also Capital managing partner Mike Annunziata walks around New York City these days, he sees lots of vans — and opportunity. It’s something he admits he never noticed until he met former SpaceX engineer Sam Shapiro, who is the founder of a new Detroit-based modular electric RV startup called Grounded. Sometimes, Annunziata told TechCrunch,
Detroit startup Grounded has a Lego-like way of designing EV vans for small businesses Read More »
EV startup Canoo has been hit with two new lawsuits from suppliers linked to the drivetrains that power its electric vehicles, just weeks after the company kicked off a major reorganization that included the departure of its chief technology officer. Canoo has also parted ways with senior director of advanced vehicle engineering Christoph Kuttner, who
Canoo hit with two supplier lawsuits as last remaining co-founder leaves Read More »
When is raising $14 billion not enough? When you’re a battery startup. Northvolt, Europe’s attempt at building a competitor to Asia’s battery manufacturing powerhouses, announced on Monday that it had halted work on a factory expansion and laid off 1,600 employees, or about 20% of the workforce. The company was planning to expand its Ett
Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion Read More »
Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, three years after the EV maker vowed the philanthropy would receive 1% of its equity to make the “natural world” a “stakeholder in our success.” The company launched Monday a website for the foundation that details 41 grantees who will collectively
Rivian reveals first $10M in grants for long-promised Rivian Foundation Read More »
Legacy automakers are experiencing a sort of existential crisis as they grapple with whether to stick to plans to go all-electric or hedge with hybrids. This sudden appetite for options across the industry is creating opportunity for EV startups like Los Angeles’ Harbinger Motors, which announced Monday that it has developed its first hybrid powertrain
Thor and Harbinger Motors’ new hybrid RV will let you spend more time at the campsite Read More »
Bankrupt EV startup Fisker is reversing course just a few days after telling owners that they would have to pay labor costs for recall repairs. The company edited the FAQ page on its website to say “Fisker will provide the necessary parts (including the labor) at no cost to you.” Fisker originally broke the bad
Fisker reverses course on making Ocean owners pay for recall repairs Read More »
EV warranty startup Amber is expanding nationwide, bringing on new vehicles and offering a new remote diagnostic scan — all signs that the one-year-old company is putting its recent $3.18 million seed round to good use. The startup launched an aftermarket warranty product for Tesla vehicles called AmberCare — which is a suite of warranty
EV warranty startup Amber launches a remote diagnostic service for Teslas Read More »
Lucid Motors is just a few months away from finally launching its electric SUV, and the company now says the upcoming vehicle — dubbed Gravity — will have Tesla’s North American Charging Standard (NACS) built right in, making an adapter unnecessary. Lucid announced the news ahead of a planned “Technology and Manufacturing Day” event at
Lucid Motors’ Gravity SUV will have Tesla charging built in Read More »
It’s tempting to think the trend of EV startups merging with special purpose acquisition companies (SPACs) to go public has ended, seeing how many of them are struggling or defunct. But that’s not quite true. A startup called Thunder Power Holdings went public on the Nasdaq exchange in June through a SPAC, and is now
Public EV startup with an indicted CEO is looking to raise an additional $100 million Read More »
