Fisker, an EV startup, is under scrutiny after customers reported over 100 separate loss-of-power incidents and other problems with the Fisker Ocean SUV. Indian startup River raised $40 million in a Series B funding round led by Yamaha Motor for its "SUV" two-wheeler. Other notable deals include Elroy Air raising $48.9 million for its autonomous cargo drones, Guided Energy raising $5.2 million for its EV fleet management software, and Starship Technologies raising $90 million for its delivery robotics. Arrival announced its UK division is entering administration, and Ford is reportedly working on a low-cost EV.
Key takeaways:
- Rivian has officially announced the reveal date for its next-gen EV, and Waymo's robotaxi was involved in an accident with a bicyclist.
- Joby Aviation, a company developing all-electric aircraft for commercial passenger service, announced an agreement with Dubai regulators to launch air taxi services there by early 2026.
- Fisker Ocean SUV customers have reported more than 100 separate loss-of-power incidents as well as other problems, leading to investigations by federal regulators.
- Indian startup River recently raised $40 million in a Series B funding round led by Japan’s Yamaha Motor, aiming to meet the demand for zero-emission vehicles in one of the largest two-wheeler markets in the world.