Sep 10, 2019

Electric vehicle charging network Volta raises another $20 million

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The cloud over Frankfurt's electric vehicle extravaganza

VW’s new ID.3 electric car at the 2019 IAA Frankfurt Auto Show on September 09, 2019 in Frankfurt, Germany. Photo: Sean Gallup/Getty Images

The long-promised electric car revolution is finally getting underway this week at the Frankfurt auto show, but a host of industry challenges — both economic and technological — "threaten to wipe out profits and shake it to the core," writes Forbes.

Why it matters: Carmakers warned that trade tensions risk dragging the global economy into a recession, according to Bloomberg, casting a pall over the event, one of the industry's most important showcases for future technologies. This is not the way you want to launch some of the most important vehicles in decades.

Go deeperArrowSep 11, 2019

How the world's cities will drive electric vehicle adoption

Illustration: Aïda Amer/Axios

The U.S. vehicle market could finally be going electric — and faster than you might think.

What's happening: While California and the Trump administration go to war over the state's right to set its own tailpipe emissions standards, large cities are taking steps to curb pollution and corporate giants like Amazon are launching their own green agendas.

Go deeperArrowUpdated Sep 28, 2019

E-scooter company Bird raises $275 million

llustration:Rebecca Zisser / Axios

Electric scooter rental company Bird today announced $275 million in Series D funding at what we hear was a $2.5 billion pre-money valuation. CDPQ and Sequoia Capital co-led the round.

The bottom line: E-scooter companies are simultaneously working to curb losses, curry favor with city regulators, and convince investors they're the next great transportation revolution.