Bengaluru-based Airbound has secured $8.65 million in seed funding as it develops rocket-style drones capable of ultra-low-cost deliveries, including a pilot program with a private hospital. The round was led by Lachy Groom, co-founder of Physical Intelligence, with participation from Humba Ventures, Lightspeed Venture Partners, and executives from Tesla, SpaceX, and Anduril. Founded in 2020 … Continue reading “Indian Drone Startup Airbound Raises $8.65M for One-Cent Delivery – iShook Finance”
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Milan, Oct. 15 — Europe’s carmakers are facing new risks to electric vehicle production as China prepares to tighten restrictions on rare earth metal exports, according to Italy’s leading auto parts industry group. Roberto Vavassori, chairman of the Italian Automotive Industry Association (ANFIA), said on Tuesday that the region’s reserves of rare earth materials have … Continue reading “China’s Rare Earth Export Curbs Put Europe’s Electric Vehicle Industry at Risk – iShook Finance”
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Chinese battery supplier EVE Energy and Green Whale Technology (GWT) have signed a strategic partnership agreement to provide marine battery energy storage systems (BESS) and service to customers worldwide. The collaboration combines EVE Energy’s lithium marine battery system technology and GWT’s marine engineering, lifecycle service and commissioning expertise. The strategic agreement is structured as a … Continue reading “EVE Energy partners with Green Whale to accelerate marine battery adoption”
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There’s no one-size-fits-all solution when it comes to batteries, especially those used in automotive applications. For electric vehicles, automakers use different chemistries, cell formats and pack designs based on trade-offs around cost, range and performance—much like how engines range from small naturally aspirated four pots to turbocharged V8s. But if you’re a casual EV enthusiast … Continue reading “All Major EV Battery Chemistries, Explained”
![Hyundai’s electric hot hatch spotted out in the wild for the first time [Images]](https://ev-magazine.com/wp-content/uploads/2025/12/1766723605_Hyundais-electric-hot-hatch-spotted-out-in-the-wild-for.jpeg)
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It’s official. Hyundai is giving its electric hot hatch the N-Line treatment, and we are getting our first look at it. Hyundai is giving its electric hot hatch an N-Line upgrade Hyundai is gearing up to launch the IONIQ 3, a smaller sibling to the IONIQ 5. Although it’s part of the IONIQ series, the … Continue reading “Hyundai’s electric hot hatch spotted out in the wild for the first time [Images]”
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VisIC Technologies, which is developing gallium nitride (GaN) power semiconductors for EVs, has announced the second closing of its Series B funding, securing $26 million. The round was led by an unnamed global semiconductor company and included participation from automakers Hyundai Motor and Kia. The lead investor’s focus on advancing critical semiconductor technologies complements VisIC’s … Continue reading “Hyundai and Kia invest in VisIC for power semiconductors”
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The Delaware Supreme Court made its ruling in the fight over Tesla CEO Elon Musk’s $55 billion pay package from 2018, reversing the Court of Chancery’s decision and reinstating the pay package. But the Court still penalized Musk $1 plus attorney’s fees due to the award’s unfairness. The ruling is the latest and likely last … Continue reading “Delaware Court reinstates Musk’s $55B pay package, penalizes him $1 instead”
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As expected, Ford has cancelled production of its F-150 Lightning electric pickup truck. Also no surprise to those of us who follow the industry: the company has issued a pair of press releases designed to frame the failure as a positive development. And it may be—if the company’s goals are to shore up its bottom … Continue reading “Ford dials back EV efforts, will focus on high-margin fossil fuel trucks”
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Interview: Thomas McIntyre Schultz Volvo has long been known for building safe cars with innovative engineering. Ask pretty much anyone who has owned one, and they will tell you the confidence they get from driving a safe, well-built car was a major reason for their decision to go with Volvo. This year (2025) is the … Continue reading “News: Volvo Marks 70 Years in the U.S., Looks Forward”
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Volkswagen is putting its Tesla Robotaxi rival through its paces in Wolfsburg, Germany, where the self-driving Gen.Urban research vehicle is now driving autonomously in real urban traffic – without a steering wheel or pedals! VW’s Gen.Urban research project sets out to explore how passengers experience riding in a self-driving vehicle on real roads, among real drivers, … Continue reading “Volkswagen’s Tesla Robotaxi rival gets put to the test in Wolfsburg”