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Cartken and its diminutive sidewalk delivery robots first rolled into the world with a narrow charter: carrying everything from burritos and bento boxes to pizza and pad thai that last mile to hungry customers. But the vision — thanks to the startup’s approach to autonomous vehicle technology — was always broader, according to Cartken co-founder […]
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President Joe Biden’s administration said it will provide $3.1 billion in funding to support the domestic production of advanced batteries that will spur electric vehicle adoption. Proponents of the funding, which is part of the Bipartisan Infrastructure Law enacted last year, say supporting local battery initiatives will alleviate fluctuations in global oil markets, specifically the […]
Proterra, a company that develops battery systems for buses and other heavy duty EVs, filed for bankruptcy earlier this week, making it the latest in a string of failures in the EV sector. While some parallels can be drawn between Proterra and other failing or defunct EV companies, this company faces specific headwinds that took […]
Electric trucking startup Nikola is hoping to sell what remains of its whole business as early as April, lawyers for the company told a judge Thursday during the first hearing of its bankruptcy case in Delaware. The lawyers claimed Nikola already has a…