Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch of private individuals and family offices hailing from China, Germany and Taiwan, is hoping to line up the new capital ...

Sila Nanotechnologies and its battery materials manufacturing technology are now worth over $1 billion. The company, which announced a $170 million funding led by Daimler and a partnership with the famed German automaker, started building out its first production lines for its battery materials last year. That first line is capable of producing the material ...

Linear Labs, a startup developing an electric motor for cars, scooters, robots, wind turbines and even HVAC systems, has raised $4.5 million in a seed round led by Science Inc. and Kindred Ventures.  Investors Chris and Crystal Sacca, Ryan Graves of Saltwater Ventures, Dynamic Signal CEO Russ Fradin, Masergy executive chairman and former-CEO Chris MacFarland, ...

Ford plans to invest more than $850 million to add more production capacity at a second U.S. factory for its next-generation battery-electric vehicle program. The investment, which will be made through 2023, will focus on expanding Ford’s Flat Rock Assembly Plant in southeast Michigan. The plant investment also includes funding to build the next-generation Mustang ...

Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and ...

Honda has been teasing its all-electric urban vehicle in 2017, when the automaker showed off its vision of the future — that had a distinct 1970s first generation Civic flare. Now, two years later a production version of the Urban EV is nearly here. And the automaker is finally giving a glimpse —albeit the tiniest ...

Connected car service provider Vinli today announced it closed a $13.5 million Series B financing round. The company says this infusion of capital allows it broaden its mobility services and integrations as it attempts to connect cars around the world. The funding came from new and existing investors and brings the total amount the company ...

In a bid to show that it’s getting ready for the electrification of American roads, Royal Dutch Shell is buying Greenlots, a Los Angeles-based developer of electric vehicle charging and energy management technologies. Shell, which is making the acquisition through its Shell New Energies US subsidiary, snatched the company from Energy Impact Partners, a cleantech-focused ...

Volkswagen will spend $800 million to expand a U.S. factory that will produce the automaker’s next generation of electric vehicles. The factory in Chattanooga, Tenn. will be the company’s North American base for manufacturing electric vehicles, VW CEO Dr. Herbert Diess said during a presentation at the Detroit Auto Show on Monday. The expansion is expected ...

Cadillac revealed Sunday what will likely be the first electric vehicle in the luxury brand’s portfolio. And surprise, it’s a crossover. The images of the full-size crossover SUV, which was unveiled during a debut party for the 2020 Cadillac XT6 in Detroit, kicks off a transformation of GM’s luxury brand. On Friday, GM announced plans ...