Page 2 - Rev Startups News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Arkam marked its first investment in the manufacturing space on Tuesday, jointly leading a $6.3 million Series A funding round in custom manufacturing platform Karkhana.io

Rivian: The company handed over 13,972 vehicles in the last three months of 2023, 10% lower than the previous quarter, and below estimates of 14,430, per 13 analysts polled by Visible Alpha. High interest rates in the United States have raised monthly payments for electric vehicles, making them less affordable and prompting a price war by market leader Tesla.

A year ago, electric vehicles looked ready to take over the market. Carmakers left and right were preparing to launch dozens of new models while the pric...

EV Strategies: As the year closes, legacy automakers as well as Tesla, Rivian and other EV startups are throttling back investments and reworking product strategies. Legacy automakers are appealing to policymakers for more help to offset the high costs of the EV transition, on top of billions of dollars already pumped into EV subsidies. Consumer demand for EVs is growing worldwide. But EV adoption is not happening as fast or as profitably as industry executives anticipated, especially in the United States.

Tevva, which has so far raised about USD 140 million from investors, said it had provided "full and open access" to ElectraMeccanica and "will be seeking recourse through due legal process."