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Volkswagen Group subsidiary Electrify America said Tuesday it raised $450 million in a deal that includes its first external investor as it aims to accelerate its rollout of ultra-fast charging stations in the U.S. and Canada. The deal, which values North America’s largest ultra-fast EV charging ne…
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…
US investment in smart roadways will pave the path to an economic boom
The adage of "the way we've always done it" needs to fall by the wayside. Putting public investment into infrastructure is how we got paved roads 100 years ago and interstates 60 years ago.
ChargerHelp raises $2.75M to keep EV chargers working
The coming wave of electric vehicles will require more than thousands of charging stations. In addition to being installed, they also need to work — and today, that isn’t happening. If a station doesn’t send out an error or a driver doesn’t report it, network providers might never…
From the ashes of nearly a billion dollars, Ample resurrects Better Place’s battery swapping business model
A little over 13 years ago, Shai Agassi, a promising software executive who was in line to succeed the chief executive at SAP, then one of the world’s mightiest software companies, left the company he’d devoted the bulk of his professional career to and started a business called Better …
ChargeLab raises seed capital to be the software provider powering EV charging infrastructure
As money floods into the electric vehicle market a number of small companies are trying to stake their claim as the go-to provider of charging infrastructure. These companies are developing proprietary ecosystems that work for their own equipment but don’t interoperate. ChargeLab, which has r…
Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom
Shell’s plan to roll out 500,000 electric charging stations in just four years is the latest sign of an EV charging infrastructure boom that has prompted investors to pour cash into the industry and inspired a few companies to become public companies in search of the capital needed to meet de…
TikTok says ‘Project Texas’ will bolster security for U.S. users in wake of China data access concerns
Over the weekend, TikTok wrote to Republican Senators to assure them that it’s working on a program called “Project Texas” to bolster data security for U.S.-based users. This was in response to the Senators’ letter to the company dated June 27 that questioned its data access…
Meta is pulling the plug on its crypto payments wallet, Novi
Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Novi, the digital wallet payments pilot it launched last October, will be ending on on September 1. In…