New deep tech fund Wave Function Ventures raises $15 million
Former SpaceX Falcon 9 engineer Jamie Gull, who started the fund, has already made nine investments.
Rivian’s best-case guess for 2025 sales is a 16% drop from last year
The company will likely sell fewer EVs this year than in both 2024 and 2023, making next year’s launch of the R2 SUV even more important.
Tesla has its best sales quarter ever as EV tax credit expires
The tax credit’s expiration on September 30 motivated buyers to take advantage of the $7,500 incentive, giving Tesla a shot to return to sales growth in 2025.
Whizz co-founder says Trump’s Chicago crackdown is scaring delivery workers off the streets
Whizz has seen e-bike rentals drop by about 8% since National Guard troops arrived in the city.
Hance will demo its kilobyte-size AI audio processing software at TechCrunch Disrupt 2025
Hance is working on low energy-consuming, on-device processing that’s already attracted the likes of Intel.
Explosion, vehicle fire rock Faraday Future’s LA headquarters
There were no injuries, but the building has been deemed unfit for occupation. Faraday’s landlord is currently trying to find a new tenant as the EV startup’s lease is expiring.
Tesla asks EPA not to roll back emissions rules as Trump calls climate change a ‘con job’
The company’s regulatory policy team is trying to clean up a mess that CEO Elon Musk spent $300 million to help create.
Telo raises $20 million to build tiny electric trucks for cities
The round was co-led by designer Yves Béhar and Tesla co-founder Marc Tarpenning, who helped get Telo off the ground in 2022.
Uber is trying drone delivery again
The company is partnering with Flytrex to make Uber Eats deliveries later this year. Uber is also making a small investment in Flytrex.
Tesla is redesigning its door handles following safety probe, Bloomberg investigation
Chief designer Franz von Holzhausen said Wednesday that the company is “working on” combining the electronic and manual door releases after owners have reported getting trapped.