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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…

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Daily Crunch: Truth Social says federal grand jury probe could block its planned SPAC merger

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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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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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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To succeed in the mass market, EV makers must focus on cost, not speed

As the global EV industry ramps up and crosses into the mass market, automakers must switch their focus from speed to cost, according to the AlixPartners 2022 Global Automotive Outlook released Wednesday. The world is continuing to electrify, with sales of battery-electric vehicles set to make up h…

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Tesla sued by former workers for allegedly violating federal law during ‘mass layoffs’

Two former Tesla employees filed a lawsuit against the EV maker Sunday alleging that the company did not provide the 60 days of advance notice required by federal law during a recent round of layoffs. It’s the latest in a recent spate of suits brought by former employees against Tesla, but the firs…

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Ferrari will produce its first-ever SUV later this year, and launch its first EV in 2025

Ferrari shared details on its plan to launch its first electric vehicle by 2025 as it aims to go carbon neutral by 2030. The battery-electric supercar will set the tone for Ferrari’s future EVs, CEO Benedetto Vigna said Thursday at the company’s Capital Markets Day from its headquarters in Maranell…

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The Station: EV SPACs face new regulatory speed bump, more on Rivian’s reorg and VW weighs direct sales for Scout brand

Welcome back to The Station, your weekly guide to everything going on in the world of transportation. Many readers of this weekly newsletter are likely enjoying a three-day weekend thanks to the Memorial Day holiday. So, this week I will keep it a wee bit shorter. Before we get started, check out t…

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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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