venture capital

Lyft has reportedly raised a new round of funding to support its on-demand ride hailing service. It’s believed that investors have put $500 million more into the company’s coffers, probably invigorated by its recent market growth and Uber’s stumbles. A Lyft spokesperson declined...

Just 18 months after its $90m acquisition of Sakti3, the British consumer-products company Dyson is taking a step back. Dyson has chosen to relinquish its rights to three patents co-owned by the company that were part of the core intellectual property of the Michigan based start-up company. Its...

Dyson, the U.K. company famous for its bagless vacuum cleaners, has acquired solid-state battery company Sakti3 in a deal worth $90 million. The news comes just seven months after Dyson announced a $15 million investment in the company, a spin-out from the University of Michigan. Sakti3 represented...

Over cocktails, two former Lotus colleagues met up in Irvine, California, the mecca for car design. They realized they shared a common dream: to create a next-generation electric vehicle... With a photo of a drink on a bar napkin, so begins the creation myth for Faraday Future, the secretive...

Volta Industries asked companies that value sustainability to underwrite its charging network.

Carmaking is very, very, very expensive. A conventional vehicle platform or architecture generally costs about $1 billion to design, engineer, test, certify, and put into production. And the various models derived from that architecture usually last about seven years. Multiply that by multiple...

Venture capitalists fund a lot of startup companies, and most of them don't pan out. So famed venture firm Kleiner Perkins' stake in Fisker Automotive--which is still trying to sell itself, but hasn't built a car for 12 months--could be viewed as just another failed investment. On the other hand...

Since Tesla issued its first-quarter financials last week, its stock has been on a tear. Not only did the company have its first profitable quarter ever, but the many investors who had shorted the stock of Tesla Motors [NSDQ:TSLA] are now faced with the threat of expensive margin calls. So Tesla is...

In January 2005, legendary car designer Henrik Fisker founded a company to bring innovative new thinking to the automobile industry. Between that date and today, Fisker Automotive would create perhaps the most beautiful car ever made, raise almost $1.4 billion dollars from investors as diverse as...

Investing in startup companies is a risky way to make money. And if the startups are carmakers, it may be even riskier yet--as the Illinois Student Assistance Commission found out recently. The state agency managing the College Illinois prepaid tuition program had invested $10 million in the stock...

We’ve said it many times before, building an auto company from scratch is extremely hard, and expensive. That’s probably why only two major plug-in car startups have made it to the point of building and selling cars globally: Tesla and Fisker. In order to continue, both firms are...

The green technology investing boom has slowed. But if you ask investors, greentech isn’t disappearing, it’s just changing. Between 2006 and 2007, cleantech and greentech emerged as hot terms in the investor vernacular. Startups focused on big-picture energy needs, including solar and...

This is the week when driving impressions of the 2012 Fisker Karma have started to appear, as Fisker invites in waves of automotive journalists for a half-day of driving in and around Los Angeles. (We'll have our report early next week, but we had a brief drive a few weeks ago, and another with...

Of every 10 companies started by entrepreneurs, half or more fail. Some are sold for the parts or the people, a couple of lucky ones may be bought by larger companies, and only the very lucky ones survive as independent companies over the long term. Tesla: Apple or Altair? For every Apple, in other...

Californian electric automaker Coda Automotive might have recently opened its first showroom and signed a deal to open a final assembly plant in Benicia, California where it plans to install the electric drivetrain in its 2012 Coda Sedans -- but it has only just closed an eight-month funding round...