Rivian gets another B from Volkswagen

Rivian gets another $1B from Volkswagen

Winter testing has been completed for the VW ID.EVERY1, the first vehicle under a joint venture between Rivian and Volkswagen Group to be equipped with the EV maker’s software and electrical architecture. That’s not just progress toward getting this vehicle into customers’ hands; it also unlocks another $1 billion investment from Volkswagen Group into Rivian….

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A little-known Croatian startup is coming for the robotaxi market with help from Uber

A little-known Croatian startup is coming for the robotaxi market with help from Uber

Mate Rimac, the founder of Croatian electric vehicle maker Rimac Group, started working on electric robotaxis seven years ago. Now, part of his vision is coming to fruition through a strategic partnership between Uber, Chinese autonomous vehicle company Pony.ai, and his own robotaxi startup Verne. The three companies announced plans Thursday to launch a commercial…

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The SEC drops its four-year-old investigation into EV startup Faraday Future

The SEC drops its four-year-old investigation into EV startup Faraday Future

The Securities and Exchange Commission has closed its investigation into electric vehicle startup Faraday Future, despite SEC staff on the case recommending an enforcement action last year, TechCrunch has learned. Four sources familiar with the investigation, who were granted anonymity to speak about the government case, told TechCrunch that the SEC informed the company and…

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The SEC closed its investigation into Fisker

The SEC closed its investigation into Fisker

The Securities and Exchange Commission closed its investigation into bankrupt electric vehicle startup Fisker last September, roughly one year after the probe was opened. TechCrunch learned the investigation was closed when the financial regulator responded to a Freedom of Information Act (FOIA) request in January. The SEC’s FOIA department said it had identified “approximately 21.7…

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