In the electric vehicle sector, Harbinger, a startup building medium-duty electric commercial vehicle chassis, has secured $400 million of binding vehicle preorders and closed an additional $13 million in Series A funds. Other deals include South 8, a battery startup, attracting funding from Porsche Ventures, and Spiro, an Africa-based electric two-wheeler company, securing a $50 million debt facility. The article also highlights partnerships, new product launches, and legislative changes in the autonomous and electric vehicle sectors.
Key takeaways:
- The Tesla board is trying to convince shareholders to vote in favor of relocating the company to Texas and to approve CEO Elon Musk’s $56 billion pay deal.
- BluSmart, an India-based ride-hailing company, has quietly launched a service in Dubai, with a formal launch planned for early June.
- Harbinger, a startup building medium-duty electric commercial vehicle chassis, has secured $400 million of binding vehicle preorders and closed an additional $13 million in Series A funds.
- Aurora Innovation has revealed a new self-driving truck, manufactured by Volvo, that could be on public highways as early as this summer.