Volocopter Gets Two More Investors to Come Aboard, Raises an Additional $182M in Funding
1 Nov 2022, 14:45 UTC · By: Cristina Mircea / German eVTOL developer Volocopter manages to raise an additional $182 million in funding, getting one step closer to launching commercial air taxi operations.
Faraday Future Directors Hit With Lawsuits and Death Threats
23 Sep 2022, 22:10 UTC · By: Alexandru Boghiu / Faraday Future (FF) is still looking for multiple financing alternatives in order to start the production of its flagship vehicle, the FF 91
"America's First All-Electric RV Company" Gets $23M to Build Its Next-Level Travel Trailer
14 Jul 2022, 14:04 UTC · By: Cristina Mircea / There's a new RV player in town and its name is Lightship. The startup is founded by two former Tesla alums and it plans to reimagine RVing from the ground up
XPeng Raises $100M in Funding, Might Soon Build the First Rideable Robot Unicorn
13 Jul 2022, 09:34 UTC · By: Cristina Mircea / How does a rideable robotic unicorn sound? Chinese technology company, XPeng Robotics, might soon launch one, thanks to $100M raised in a recent funding
Wingcopter Raises $42M, Teams Up With One of the Largest Grocery Retailers in Germany
21 Jun 2022, 14:21 UTC · By: Cristina Mircea / Wingcopter raised $42 million in its latest funding round, bringing one of the largest grocery retailers in Germany on its list of shareholders
Tando Indoor Security Drone Patrols Buildings From Above, Has Human-Like AI Capabilities
17 Jun 2022, 08:24 UTC · By: Cristina Mircea / Tando is dubbed the world's first commercially available indoor drone, boasting human-like AI capabilities and competitive monitoring features.
Overair Receives $145M in Funding, Plans to Fly Its Butterfly eVTOL Next Year
15 Jun 2022, 10:14 UTC · By: Cristina Mircea / Air mobility company Overair is getting closer to flying a prototype of its Butterfly next year, thanks to a recent funding of $145 million
Canoo Sends Conflicting Messages to the Market While Reporting Cash Is Running Out
11 May 2022, 10:44 UTC · By: Gustavo Henrique Ruffo / While the startup tries to make it seem everything is under control, this is not what it was obliged to report: substantial doubt of being able to survive.
First Big Bank To Cut Funding for New Fossil Fuel Projects Is European, of Course
23 Mar 2022, 17:25 UTC · By: Florin Amariei / High gas prices keep popping up almost everywhere, but big banks intend to keep their promise on tackling climate change. Now Europe gets a head start
Volta Truck's Latest Funding Round Brought the Company an Additional $257 Million
24 Feb 2022, 11:17 UTC · By: Cristina Mircea / Volta Trucks raised $257M in its latest funding round, getting them closer to achieving their goal of putting their Volta Zero electric truck on the market
Exodigo's AI-Based 3D Imaging Tech Uses Drones to Explore the Underground in a Smarter Way
21 Feb 2022, 10:18 UTC · By: Cristina Mircea / Exodigo wants to change the way underground exploration takes places, making it greener, safer, more affordable, and smarter
Navier Raises $7.2M to Build the Boat of the Future, a 27-Ft Electric Hydrofoil
9 Feb 2022, 09:32 UTC · By: Cristina Mircea / Navier's electric boat of the future is well on its way to hitting the market, with the company announcing it raised $7.2 million in seed capital.
U.S. House Turns Down Proposal for Increased Vehicle Safety Funds at the Worst Possible Moment
6 Nov 2015, 10:46 UTC · By: Vlad Mitrache / The NHTSA has had its hands full lately, and this decision by the U.S. House of Representatives can't possibly help its case over the next years
DOE May Open Its Funding Program to Auto Suppliers
30 Jan 2014, 14:38 UTC · By: Ciprian Florea / The Obama administration is considering reviving the $25 billion auto loan program by opening funding to auto suppliers, Energy Secretary Ernest Moniz said earlier this week, The Detroit News report...
Bentley Secures £3M Government Grant, to Develop New Engines
31 Oct 2011, 10:04 UTC · By: Andrei Tutu / Bentley today announced it has secured a GBP3 million (USD4.80 million or EUR3.43 at the current exchange rates) grant from the Department for Business Regional Growth Fund (RGF), with the company s...
Saab Secures EUR25M Loan, Hopes to Restart Production Within 2 Weeks
30 Jun 2011, 09:24 UTC · By: Alina Dumitrache / It looks like the first sunrays shine again on Saab’s street, as Swedish Automobile - the company who owns the Swedish auto brand - announced today it has entered into a EUR25 million converti...
EVI Gets California Funding
27 May 2011, 12:07 UTC · By: Daniel Patrascu / In a world where the electric vehicles would have never made it without the substantial support of the money provided by the governments of the world, securing funding is essential for the companies...
Homeland Security Bill Hits EV Funding
26 May 2011, 05:30 UTC · By: Daniel Patrascu / So, what would you have: more money for disaster relief, or more money to be used for the development of advanced technologies for the vehicles of the future? The answer to this question, at least f...
Bentley Gets GBP1.67M Funding
13 Apr 2011, 08:31 UTC · By: Alina Dumitrache / British manufacturer Bentley has recently received a financial boost aimed at allowing it to support its growth, as a conditional allocation of GBP1.68 million has today been confirmed, thanks to an...
Aptera Stuck Due to Lack of Money
7 Feb 2011, 14:30 UTC · By: Daniel Patrascu / Back in 2009, the automotive world was holding its breath, following the announcement about the launch of a three-wheeled electric vehicle called Aptera 2e. Since that announcement though, nothing e...