- Two bankruptcies bookend the year in transportation with Rad Power Bikes and lidar maker Luminar filing for bankruptcy. Luminar plans to sell off its business and will operate during the process. EV struggles continue as Ford pivots towards hybrids and gas-powered vehicles, ending production of the fully-electric F-150 Lightning. Meanwhile, Rivian prepares to launch more affordable electric trucks. Boatsetter and GetMyBoat merge, while Cowboy e-bike startup is acquired. Nirvana Insurance raises $100 million, and Redwood launches a Battery Collection Bin in San Francisco. Slate Auto garners over 150,000 reservations for its low-cost EV. Tesla faces scrutiny for deceptive marketing of Autopilot and Full Self-Driving capabilities in California.
- Spinny raises around $160 million to acquire GoMechanic, valuing the startup at $1.8 billion. TechCrunch’s Jagmeet Singh reports on startup deals in India. Boatsetter and GetMyBoat merge, while Cowboy e-bike startup is acquired. Nirvana Insurance raises $100 million, and Redwood launches a Battery Collection Bin in San Francisco. Slate Auto garners over 150,000 reservations for its low-cost EV. Tesla faces scrutiny for deceptive marketing of Autopilot and Full Self-Driving capabilities in California.
- Boatsetter and GetMyBoat merge, while Cowboy e-bike startup is acquired. Nirvana Insurance raises $100 million, and Redwood launches a Battery Collection Bin in San Francisco. Slate Auto garners over 150,000 reservations for its low-cost EV. Tesla faces scrutiny for deceptive marketing of Autopilot and Full Self-Driving capabilities in California.
Read more at Yahoo Finance: TechCrunch Mobility: Bankruptcy takes out two
