Tim De Chant’s Post

Interesting story to understand the risk & challenges involved in the automotive industry. Probably a great lesson for all new age EV startups, mushrooming in India and across the world. The beginning of an EV startup has always been simple since EVs have much lower mechanical complexity compared to ICEVs, but to scale up to an Industry level is a different ball game altogether and it demands hell lot of blood & sweat of too many people, one who can afford, will only survive in times to come. #ev #electricvehicle #evstartup https://lnkd.in/gdb58_35

Dive into the rise and fall of EV startup Fisker with this detailed timeline. From flawed SUVs to internal power struggles, learn about the mistakes that led to its downfall. Check out the full article here: https://okt.to/TWDhQO

Dive into the rise and fall of EV startup Fisker with this detailed timeline. From flawed SUVs to internal power struggles, learn about the mistakes that led to its downfall. Check out the full article here: https://okt.to/QDPvHS

$1B Series A Let it sink. That $1B round went to Stack AV, a company in autonomous trucking tech. Meanwhile, a California bill passed the state Senate banning the type of technology Stack AV build. Interesting times. Now how does it compare to space sector investments? --- "Brand-new self-driving, commercial trucking startup Stack AV leads the way in what was a big week. […] Bloomberg reported SoftBank Group is backing the new venture with more than $1 billion. The round is the third-largest ever for a Pittsburgh-based startup behind only two of Argo AI’s rounds." - Crunchbase.

Discover the rise and fall of EV startup Fisker through a detailed timeline that unveils the challenges faced by the company. From flawed vehicles to internal struggles, delve into the story behind the downfall. Learn more at: https://okt.to/9hdawM

Discover the rise and fall of EV startup Fisker through a detailed timeline that unveils the challenges faced by the company. From flawed vehicles to internal struggles, delve into the story behind the downfall. Learn more at: https://okt.to/9kfpLg

Congratulations to Foretellix for successfully closing its Series C funding round! Woven Capital is proud to support the team and excited to be a part of Foretellix’s journey. You can read more details about the news on TechCrunch.  https://lnkd.in/gySysXvH #AV #VC #VentureCapital #startup #innovation #opportunities #venture #investments #business #entrepreneurship #funding

London-based self-driving car startup Wayve has raised $1.05 billion in a SoftBank-led round, marking one of the largest funding deals on record for a British startup and signaling continued investor fervor for all things artificial intelligence. Nvidia and existing investor Microsoft, both active investors in the #AI space, also joined in the Series C funding. Wayve.ai has now raised $1.3 billion, per Crunchbase. #europeanstartups #brithishstartups #aibusiness #aistartups #automotive #techstartups #selfdrivingcars #automotiveindustry #embodiedAI #artificialgeneralintelligence #crunchbase #artificialintelligencetechnology #aiapplications #ml #aidevelopment #airace #agi #llm #vc #scaleups #startupfunding #startups #vcfunding #startupjourney #investment #successstory #scalingbusiness #scalingup #venturefund #venturecapital #startupgrowth #startupjourney #fundraising #investorrelations #earlystagestartups #seed #seedround #seriesc #startupfinancing #startupinvestment #investors #venturecapitalists #capitalraising #fundingstrategy #venturefunding #pmf #raisingmoney #breakthrough #selfdrivingvehicles #transportation #unicornstartup #unicorn #autonomousvehicles #machinelearning #venturenews #innovation #vctrends #futuretech #robotics #wayve #techInvestment #aitechnology #smartmobility #autonomousdriving #londontech #deeplearning #techupdate #urbanmobility #airesearch #mobility #smartcities #autonomousdelivery #techfunding #emergingtech #futureofdriving #digitalInnovation #embodiedintelligence

Inside EV startup Fisker’s collapse: how the company crumbled under its founders’ whims An autonomous pod. A solid-state battery-powered sports car. An electric pickup truck. A convertible expansive tourer EV with up to 600 miles of range. A “fully connected mobility device” for young municipality innovators to beryllium built by Foxconn and priced nether $30,000. The next Popemobile. Over the past 8 years, famed conveyance decorator Henrik Fisker suggested his electrical conveyance startup would present connected each of these promises. None came true. Instead, Fisker Inc. is connected the brink of bankruptcy aft having delivered conscionable a fewer 1000 electrical Ocean SUVs. As the institution grasps for an improbable rescue, employees who spoke to TechCrunch accidental the blasted mostly rests connected the shoulders of 2 people: the husband-and-wife squad whose sanction is connected the hood. Taking Fisker’s archetypal and lone model, the Ocean SUV, from the sketchbook to the assembly enactment was nary tiny feat. One look astatine the wreckage near by different EV startups that tried to recreate Tesla’s occurrence illustrates however hard it tin be. The roadworthy to Fisker’s eventual ruin whitethorn commencement and extremity with its flawed Ocean SUV, which has been riddled with mechanical and bundle problems. But it was paved with hubris, powerfulness struggles, and the repeated nonaccomplishment to acceptable up basal processes that are foundational for immoderate automaker. “The deficiency of processes and procedures was benignant of mind-blowing,” Sean O’Grady, a erstwhile determination income manager astatine Fisker, told TechCrunch. “The aforesaid excuse that I kept proceeding each the clip was, well, if you’ve ne'er worked for a startup before, this is what it’s like, it’s chaotic.” That chaos whitethorn beryllium what yet dooms the company, according to O’Grady and 7 different employees, who person spoken to TechCrunch connected the information of anonymity implicit the past fewer months. It persisted passim the company, seeping into seemingly each division. There was inadequate lawsuit service, nary decently functioning warranty system, and a dearth of spare parts, 4 of the employees said. Fisker had trouble keeping way of wealth it collected, astatine 1 constituent losing astir $16 million, according to O’Grady and respective different employees who were straight progressive successful uncovering the payments. Employees accidental they were drowning from this deficiency of process portion the enactment squad focused connected protecting Fisker’s reputation. Every incorrect determination took the institution further from its extremity of making and selling a mass-market EV. The fallout from each this: Customers person been saddled with dying cars, faulty brakes, stuck door...

Funding To Autonomous Driving Startups Surprisingly Starts To Move Again #startup  #fundraising  #angelinvestor  #investments  #VentureCapital  #vc #Entrepreneurship  #venturefunding  #investing #TechNews #Innovation #technology  https://lnkd.in/eBcRvfVu