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…

Read More
Travis Kalanick reportedly starting a new self-driving company backed by Uber

Travis Kalanick reportedly starting a new self-driving company backed by Uber

Travis Kalanick is reportedly starting up a new self-driving vehicle company with “major backing” from Uber, according to The Information. He has reportedly told people he “wants to be more aggressive in rolling out self-driving technology than Waymo,” per the report. The Uber founder is also considering acquiring Pronto, the autonomous vehicle startup focused on…

Read More
Electric air taxi maker Archer hits back at Joby in countersuit alleging concealed Chinese ties

Electric air taxi maker Archer hits back at Joby in countersuit alleging concealed Chinese ties

Electric air taxi developer Archer Aviation responded to a lawsuit Monday with its own counterclaims that rival Joby Aviation allegedly defrauded the U.S. government and its competitors by falsely presenting itself as an American-made company. The counterclaim, filed in federal court, alleges Joby relied on a Chinese manufacturing subsidiary to source critical components from Chinese…

Read More