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Startup EV manufacturer Drako Motors previewed today the follow-up to its $1.25 million Drako GTE: the 2,000-horsepower Drako Dragon Super-SUV. The San Jose, California-based automaker said the Dragon zips from 0 to 60 mph in 1.9 seconds using the company’s in-house DriveOS Quad Motor Powertrain, a…

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BMW taps Valeo for driving assistance systems in its next-gen EVs

BMW Group has tapped Valeo to provide the advanced driver assistance system for the automaker’s new electric vehicle platform due to launch in 2025. The deal, a significant win for Valeo, also holds importance for BMW. The automaker is aiming to capture a 50% market share of global EV sales b…

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JD Power: EVs and and plug-in hybrids have more problems than combustion engine cars

Battery-electric vehicles and plug-in hybrids have more problems than the average car, according to the annual J.D. Power U.S. Initial Quality Study (IQS) released Wednesday. The 2022 survey found that EV owners cited 39% more problems with their new vehicles than did owners of new combustion-engin…

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Volkswagen unveils ID.AERO concept that will provide the basis for 2023 flagship EV

Volkswagen Group unveiled its ID.AERO concept in China on Monday — slated to serve as the inspiration behind the automaker’s flagship EV, and first-ever global all-electric sedan, next year. A version of the Volkswagen ID.AERO concept will go into production for the Chinese market in the second hal…

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Why LFP batteries are poised to bring down entry-level EV prices

An older, cheaper and safer battery technology is poised to reshape battery manufacturing worldwide and boost EV sales in the U.S. — if the global lithium supply remains stable.

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EV fleet management startup Synop steers its way to $10M seed round

Commercial fleets are poised for electrification, and Synop wants to give operators more control over their vehicles.

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GM is latest to join the race to streamline EV charging

General Motors said Wednesday it will join a growing list of automakers focused on streamlining the EV charging process by equipping its models with ‘Plug and Charge’ capability — aka the ability to easily plug in and automate payment at a range of different charging stations. Though Pl…

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Dual-chemistry battery tech could push BMW’s iX EV to 600-mile range

BMW’s iX was introduced late last year with a maximum range of 324 miles. With the prototype, ONE is hoping to nearly double that to 600 miles.

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Nimbus launches tiny EV prototype that’s like a motorbike with a roof

As shared e-scooter companies have infiltrated cities and e-bike sales have soared, micromobility has been offered up as a panacea to save us all from the ill humors and packed streets caused by gas-guzzling cars. However, one of the major roadblocks in front of well-intentioned city dwellers who&#…

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Without a clear ask, your pitch deck is useless

Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.

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Equity crowdfunding appears immune to market volatility, on track for its best year yet

With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.

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