News

Sweden’s most prominent electric motorcycle and e-moped manufacturer CAKE has just closed a significant funding round that should add another $60 million to the company’s coffers. The funding round includes $14 million in convertible notes and a $46M financing round. The financing round was led by Swedish pension fund AMF and several new investors joined including a number of current…

Ford made a massive announcement today about accelerating electric vehicle production with a giant new factory to produce electric pickup trucks in Tennessee and three new battery gigafactories. The massive new project is called ‘Blue Oval City’. There’s a lot to unpack here, but here are the main new announcements: Blue Oval City is going to be a complex constructed on a nearly…

Following a progress update of its upcoming EV600 electric Light Commercial Vehicle (eLCV), BrightDrop has unveiled a second EV to follow. General Motors’ newly dedicated commercial EV and logistics company has now shared a glimpse of the BrightDrop’s EV410, a smaller version of its flagship eLCV, and announced that Verizon is locked in as the vehicle’s first customer. BrightDrop is an…

Tesla and Arevon have announced that they came to an agreement for the former to supply a massive 2 GW/6 GWh of Megapack batteries to the latter. Over the last year, Tesla has been securing some large orders for the Megapack, which has quickly become the preferred battery system for large-scale energy storage systems. But now the company has secured an order on a whole new level. Arevon…