After an early bet on Tesla, Daimler cashes in
Daimler was an early believer in Tesla, but now that the Silicon Valley car maker has grown up, it looks time to move on.
Daimler acquires transportation apps RideScout and myTaxi
Daimler moves ever deeper into software and tech for urban mobility with its acquisition of these two startups.
A look under the hood: why electric car startup Fisker crashed and burned
We bring you the behind the scenes story of how electric car startup Fisker Automotive spent over a billion dollars, took down a government loan and ultimately delivered about 2,000 cars, a small fraction of what it originally promised.
How China’s city-focused electric car programs fell short
China’s cities are macro-laboratories that the government has been using to test out various roll-out strategies from industrial partnerships, to fast charging stations to rental systems. So why have the early numbers fallen short?
Mercedes and Bosch push for new ideas around connectivity and big data
Mercedes-Benz, Bosch and the industrial insurance firm HDI have partnered up with European accelerator network Startupbootcamp. With names like that on the roster, it’s a fair bet that connected car technology will be a focus.
MyTaxi rides into U.S. market with a trick up its sleeve
Taxi-hailing apps are already starting to crowd the U.S. market, but the German myTaxi may just have an edge. It already has 2.3 million users, for one thing, but it also has a clever plan in mind.
Today in Green IT: Zipcar finally profitable
Our GigaOM Pro Green IT analyst Adam Lesser reports: Zipcar reported its third quarter after the bell yesterday and finds itself getting hammered this morning, down 5 percent. Sadly, the street is missing the story. Zipcar is finally profitable. Period.
LG joins forces with GM to design electric cars
The team approach is becoming popular in the electric car development space. General Motors and LG Group announced Thursday a plan to co-develop electric vehicles in order to speed up their deployment.
Don’t Forget: Tesla Is Moving Into A Difficult Financial Period
While it’s good news for Tesla that it will have $234 million to develop its third electric car the Model X, the funding underscores how Tesla will be transitioning into a period where the company will be generating a lot less revenue for several months.
Tesla Plans to Raise $234M in Second Share Sale
Electric car company Tesla plans to raise $234 million in a combination of a follow-on offering and a private placement. On Friday morning, Tesla priced the 5.3 million shares it plans to offer for its follow-on offering (announced last week) at $28.76 per share.