TechCrunch Mobility: Ford’s big bet

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August 19, 2025, 4:02 PM

• •Ford is investing $2 billion in a new EV factory.
• •Kyte, a rental car startup, has gone under.
• •Bumper raised $10.8 million in Series B extension.
• •Chowdeck raised $9 million in Series A.
• •Eve Air Mobility announced a $230 million capital raise.
• •Ultraviolette raised $21 million in an all-equity round.
• •Via filed its S-1 paperwork.
• •WeRide secured an investment from Grab.
• •Foxconn will no longer build electric tractors for Monarch Tractor.
• •Waabi hired Uber Freight CEO as COO.
• •NEVI program spending freeze thawed.
• •Rapido is beta-testing food delivery.
• •Revel is shutting down ride-hailing.
• •Tesla disbanded the Dojo team.
• •Waymo is upgrading its music.

TechCrunch Mobility covers Ford's $2 billion investment in a new EV factory and its risky nature. The article also details the collapse of Kyte, a rental car startup, and various funding rounds for companies like Bumper, Chowdeck, Eve Air Mobility, and Ultraviolette. Other topics include Via's IPO filing, WeRide's investment from Grab, Foxconn's shift away from Monarch Tractor, executive changes in the autonomous vehicle space, and Tesla's decision to disband the Dojo team. Lastly, the article touches on updates from Waymo and Rapido.

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