The trial of Trevor Milton, the founder of electric truckmaker Nikola Motor accused of fraud and securities fraud, has begun. Prosecutors allege Milton exaggerated the company’s technology which led to huge losses…
California to Ban Gas-Powered Vehicle Sales by 2035
California moved a step closer to banning the sale of gasoline-only vehicles by the year 2035, in a landmark move in the state’s attempt to take on climate change. Gavin Newsom, the…
Rivian Announces Production Ramp Up, $1.7 billion loss
Rivian, the electric vehicle manufacturer which went public in the biggest IPO of last year, has reaffirmed its expectation to deliver 25,000 vehicles this year, as it posted a giant loss in…
Tesla Sells Off Majority of Bitcoin Holdings
Electric car maker Tesla has ditched 75% of its holdings in Bitcoin, after the cryptocurrency fell in value by more than 50% this year. In February last year Tesla boss Elon Musk…
For Vertical Farms to Succeed, Sensors Must Take Center Stage
Vertical farming—the process of cultivating produce in stacked, indoor shelves, rather than side-by-side in fields—is a fast-growing industry (pardon the pun). Since it was conjured (or revived, depending who you ask) in…
Chinese Self-Drive Startup Uisee Raises $155m
Uisee, a Chinese autonomous mobility startup, has announced a $155 million funding round, as China continues to dominate emerging markets for self-driving and new-energy vehicles (NEVs). In a signal that China’s Communist…
Germany’s Auto Giant Switches Focus to China NEV Market
Volkswagen, Germany’s largest company, knows where its future lies. The Wolfsburg-based giant, with quarterly revenues of $69 billion, has committed $91bn to electric vehicles (also shortened to NEVs, or new energy vehicles)…
Better Dairy Wins $2.2m to Scale its Animal-Free Dairy Produce
London-based Better Dairy, a startup using fermentation technology to produce dairy proteins, has secured a $2.17m to continue researching its solution and bring products to market by 2022. The seed round was…
During Native American Heritage Month, Here are Some of the Most Exciting Native-run Startups in the US
This month America celebrates Native American Heritage Month with a host of online and in-person events, covering historic issues, culture and modern politics affecting the country’s 562 tribes. The problems facing Native…
Belgium’s Astanor Ventures Raises $324m for Europe’s Biggest Impact Fund
Astanor Ventures, a Brussels-based venture capital firm, has raised €273 million ($324m) for a fund aiming to “revolutionize the food and agriculture sector.” The company will invest its newfound cash exclusively in…