$1,400 instead of a new battery?

General Motors is offering 2020-2022 Chevrolet Bolt EV and EUV owners an early $1,400 payment for a class-action lawsuit settlement over the recalled EVs in exchange for installing diagnostic software the automaker plans to use to determine if cars need new battery packs. First reported by Electrek, the payment offer is the latest development in…

Read More

Ather Energy raises $50 million in funding as it ramps up electric scooter production, ET Auto

Herald Square Ventures also participated in the latest funding round. Electric scooter maker Ather Energy has raised $50 million, led by existing backer Caladium Investment, regulatory filings sourced through business intelligence platform Tofler showed. Herald Square Ventures also participated in the latest funding round. The company has been valued at $700-800 million after the round,…

Read More