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Why Fisker failed  | TechCrunch

Jun 20, 2024 - techcrunch.com
TechCrunch Mobility, a hub for transportation news, covers a range of topics including the bankruptcy of Fisker, a major electric vehicle (EV) manufacturer, and the recent funding deals in the EV world. The biggest deal of the week was self-driving trucking startup Waabi raising $200 million from investors including Uber and Khosla Ventures. The company plans to use the funds for a fully driverless commercial launch in 2025. Other notable deals include Bitsensing's $25 million Series B funding for its high-res radar technology and LD Carbon's $28 million Series C round for its initiative to divert used tires from landfills.

The article also highlights a study from the University of Central Florida suggesting that autonomous vehicles are safer than human drivers in routine daylight conditions. In other news, Tesla held its shareholder meeting where investors approved CEO Elon Musk's pay package and voted in favor of reincorporating Tesla in Texas. However, a group of shareholders sued Musk and the Tesla board, alleging breach of fiduciary duties. The article concludes with a preview of upcoming reviews on various transportation products including the Fiat 500e and the 2024 Nissan Ariya Empower+.

Key takeaways:

  • TechCrunch Mobility provides news and insights on the future of transportation, covering various modes of transport and companies in the sector.
  • Self-driving trucking startup Waabi raised $200 million in a funding round from investors including Uber and Khosla Ventures, with plans to launch a fully driverless commercial service in 2025.
  • Other notable deals include Bitsensing's $25 million Series B round for its high-res radar technology for autonomous vehicles, and LD Carbon's $28 million Series C round to divert used tires from landfills and develop high-performance recycled car parts.
  • Tesla's shareholder meeting resulted in approval of Elon Musk's pay package and a vote in favor of reincorporating Tesla in Texas, but also led to a lawsuit from a group of shareholders accusing Musk and the board of breaching fiduciary duties.
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