Apple is scuttling its secretive, long-running project to build an autonomous electric car, according to Bloomberg. The company has already started laying off some people who worked on the project, TechCrunch has learned. The scope of the layoffs could not immediately be determined. Many of the nearly 2,000 employees who were still working on the […]
Florida man buys Cake’s remaining US inventory of electric motorbikes
The future of bankrupt electric motorbike startup Cake is still uncertain, but the majority of its U.S. inventory is going to a guy in Florida. Michael Joyce, who runs a retail shop in St. Petersburg called Emoto, tells TechCrunch that he bought all of the Cake Makka and Ösa motorbikes that had been shipped stateside […]
Ford cuts prices on electric Mustang as demand softens for premium EVs
Ford is cutting prices of its all-electric 2023 Mustang Mach-E by has much as $ 8,100 as the automaker attempts to rid itself of inventory and compete with Tesla and its increasingly cheaper EVs. Total market share of new EV sales has grown, reaching nearly 8% in U.S. in 2023. But as market share has […]
Roam raises $24M to scale electric vehicle production in Kenya
Roam, an EV startup based in Kenya, has raised $ 24 million in a Series A round, including up to $ 10 million debt commitment from the U.S International Development Finance Corporation (DFC), to scale the production of electric motorcycles and buses. Equator, an Africa-focused climate tech VC fund, led the round, which also had […]
Yamaha Motor fuels River’s ambitious electric SUV two-wheeler rollout in India
River, an Indian startup manufacturing electric two-wheelers, has raised $ 40 million in a funding round led by Japan’s Yamaha Motor as the nearly three-year-old startup looks to increase R&D spending and expand the market presence of its first electric ‘SUV’ two-wheeler in India. The all-equity Series B round also saw participation from startup’s existing […]