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It takes just a skim of Eclipse’s recent investments to see where this venture firm’s interests lie — and where it is headed. The Palo Alto-based VC, which saw its median deal size explode over the past several years, has poured an increasing amount of money into the “physical world.” Its deals include electric boat…
Defense startup Hermeus has raised $350 million to keep developing what it calls the “fastest unmanned aircraft,” in a funding round that has pushed its valuation to $1 billion. The Los Angeles-based startup said Tuesday that it has raised $200 million in equity financing, led by Khosla Ventures. Existing investors Canaan Partners, Founders Fund, In-Q-Tel,…
U.S. auto safety regulators closed its investigation into Tesla’s remote parking feature, known as “Actually Smart Summon,” after finding crashes were rare, at low speed, and not severe. The National Highway Traffic Safety Administration (NHTSA) said in its update on Friday that its closing of the investigation does not constitute a finding that a safety-related…
The most recent electric vehicles sales data provided a grim picture — at least for new EVs. Sales of new electric vehicles took a beating in the first quarter, falling some 28% year-over-year after the Trump administration axed the $7,500 consumer tax credit, according to Cox Automotive. Used EVs are moving in the opposite direction….
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! You might recall the congressional hearing last month that sparked criticism against Waymo over its use of remote assistance workers in…
The total workforce at Tesla’s factory outside Austin, Texas shrunk dramatically last year as the company suffered its second straight year of declining sales, according to a compliance report spotted by Austin American-Statesman. Tesla went from employing 21,191 people at the factory in 2024 to 16,506 workers in 2025, a drop of 22%. That’s despite…
Lucid Group finished 2025 on an upswing — building twice as many EVs as the previous year and reporting a 55% uptick in sales. Then the first quarter of 2026 arrived. The company, which makes the Air sedan and Gravity SUV, reported Friday that it sold 3,093 vehicles in the first quarter, a 42% drop…
It’s been looming for weeks, but now the end is near: Just a few hundred Tesla Model S and Model X vehicles remain unsold. Tesla CEO Elon Musk confirmed this week in a post on X that custom orders of the Model S sedan and Model X SUV are over. “All that’s left are some…
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….
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…