Rimac Group made headlines after raising a Series D round that valued the Croatian startup at $2.2 billion, prompting the question: How has it succeeded where so many other EV makers have struggled?
Pitch Deck Teardown: WayRay’s $80M Series C deck
WayRay's deck consists of a whopping 75 slides — around 50 more than I would typically recommend — and it's clear that the founders took a different tack than what we're used to seeing these days.
Why Porsche is turning to startup builder UpLabs to solve its biggest problems
John Kuolt hates the term “incubator” — at least when describing UP.Labs, a new venture that launched this week with inaugural partner Porsche. “It has a connotation that we aren’t,” the CEO and founder of UP.Labs told TechCrunch. So what is Up.Labs beyond the “b…
The Station: Ford’s vision for dealerships and Rimac’s big raise
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. S…
Rimac raises more than $500M from Porsche, Softbank and Goldman Sachs
Rimac Group said Tuesday it has raised 500 million euro ($536 million), funds that will help the Croatian startup expand beyond its electric hypercar roots and grow into a global EV components supplier — and eventually a publicly traded company. Softbank Vision Fund 2 and Goldman Sachs led the Seri…
Toyota isn’t the first automotive brand that pops to mind when it comes to battery electric vehicles. Toyota might be the largest automaker in the world — reportedly selling more than 9.5 million vehicles globally and stealing the crown from Volkswagen Group — but the company has been markedl…
The Mercedes-Benz EQXX EV demo is the latest flex against Tesla
In a direct and perhaps theoretical challenge to Tesla, Mercedes-Benz brought to the New York International Auto Show on Wednesday its Vision EQXX concept, freshly returned from a European road trip where it traveled 621 miles on a fully charged battery. The long-range demo is the latest flex again…
Remove that ‘exit strategy’ slide from your pitch deck
A lot of pitch decks I review have a slide that really shouldn't be there: the exit strategy slide. As an early-stage startup, it's downright nonsensical, and it shouldn't be part of your deck at all.