Shared electric moped startup Revel has resumed operations in New York City a month after shutting down its service following several deaths. The startup’s blue mopeds that had become a familiar sight in New York City are back, but with a number of new protocols and features aimed at boosting safety and assuaging city officials.…
Tesla is shining in the middle of a pandemic, recording high sales, and strengthening its presence in the Chinese market. Analysts warn that the electric car market’s bubble is imploding, expressing concerns about its sustainability. The sentiment around TSLA remains optimistic, as it remains relatively stable in comparison to other carmakers. Tesla stock (NASDAQ:TSLA) has…
Ola Electric, the EV business that spun out of the ride-hailing giant Ola last year, has acquired an Amsterdam-based electric scooter startup as the Indian firm looks to locally produce and launch its own line of two wheelers as soon as this year. The Indian firm said Wednesday it had acquired Etergo, a Dutch firm…
GE is having a bad year, but new investors are flocking to the stock in droves. The company is facing multiple headwinds due to the coronavirus pandemic. There’s chatter that the 128-year-old conglomerate is on the brink of bankruptcy. General Electric (NYSE:GE) is having an unforgettable 2020. The stock is down nearly 50% year-to-date after…
Ford today took the wraps off an electric Mustang prototype. Called Mustang Cobra Jet 1,400, it carries Ford’s long tradition of drag racing the Mustang. But for the first time, a quiet electric power plant is spinning the slicks instead of a roaring V8. This one-off prototype is said to hit mid-eight second quarter-mile times…
BMW will not bring the iX3, the automaker’s first electric crossover, to the U.S., the latest automaker to shift its EV strategy to Europe and China. BMW told Automotive News, the first media outlet to report the change, that at this time, it doesn’t have plans to bring iX3 to the U.S. market. The change…
Several companies rolled out electric pickups in 2019. Tesla’s Cybertruck got most of the attention, but don’t sleep on General Motors and Ford — bringing electric pickups to market is critical for the viability of electric vehicles. Automakers build vehicles around shared components. These platforms, the underpinnings of the vehicles, often live for 10 or…
Throughout 2019, a number of mobility companies launched in additional markets, while many pulled out of areas that no longer served them. Meanwhile, transportation startups continued to raise more money even as they laid off employees, a sign that industry consolidation has officially begun. In October, Bird raised a $275 million Series D round at…
General Motors could be bringing back the Hummer brand. According to this report by The Wall Street Journal, an all-electric Hummer pickup will be sold under the GMC brand and LeBron James is enlisted to help market the vehicle. There are no details about the pickup’s capability, including electric range or seating capacity. The move…
As renewable energy and energy efficiency continue to make gains among cost-conscious consumers, more companies are looking at ways to give customers better ways to manage the electricity coming into their homes. At the Consumer Electronics Show in Las Vegas, Schneider Electric unveiled its pitch to homeowners looking for a better power management system with…
