article thumbnail

Canoo warns it may not have enough funds to bring EVs to market

TechCrunch

in after-market trading following the release of its earnings. Canoo’s net loss reached $125.4 million in the same quarter last year, with net cash used in operating activities totaling $120.3 with a market valuation of $2.4 with a market valuation of $2.4 It has since recovered and is now down more than 11%.

Marketing 237
article thumbnail

Automotive Software Development Services

Mobilunity

The automotive industry has been an engine of transformation and innovation for over a century, revolutionizing the way we travel and shaping the modern world. In this article, we embark on a journey through the realms of the automotive industry, exploring its vibrant landscape, emerging trends, and groundbreaking advancements.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Investors reward battery startup SES for losing money (but not too much)

TechCrunch

at the time of writing, outpacing broader markets gains earlier in the day. . It reported a net loss of $27 million, or $0.12 By first quarter next year, Hu expects to begin shipping cells directly to automotive companies so they can do their own testing. The company posted an operating loss of $19.2

article thumbnail

AEye becomes latest lidar company to go public via SPAC

TechCrunch

with a market value of $1.8 Dozens of startups have popped up in the past several years aiming to carve away market share from Velodyne, each one pitching its own variation on the technology and business approach. The company said the capital raised by going public will be used to scale the company in key markets.

Company 246
article thumbnail

Peer-to-peer car-sharing company Turo files IPO to go public

TechCrunch

Challenges in the traditional car rental industry have certainly allowed Turo to gain some market share, despite steep competition, but that popularity has come with a cost at times, a reading of the risk factors portion of the S-1 shows. In 2020, Turo generated net revenue of $149.9 In 2020, Turo generated net revenue of $149.9

Company 262
article thumbnail

EV startup Fisker sets moonshot goal of making a climate-neutral EV by 2027

TechCrunch

Fisker has yet to bring a vehicle to market — climate neutral or not — making this an ambitious target. billion, aims to have four vehicles to market by 2025. Fisker said that the company’s manufacturing partners have climate-neutral goals of their own, which is true for automotive contract manufacturer Magna Steyr.

article thumbnail

Industrial cybersecurity startup Claroty raises $140M in pre-IPO funding round

TechCrunch

Claroty tells TechCrunch it has seen “significant” customer growth over the past 18 months, largely fueled by the pandemic, with 110% year-over-year net new logo growth and 100% customer retention. . The end goal here is to be the market leader for industrial cybersecurity. Vardi said.

Industry 250