Heya, folks, welcome to Week in Review (WiR), TechCrunch’s newsletter recapping the noteworthy happenings in tech over the past several days (and change). Famed startup accelerator Y Combinator had its Demo Days, and the venture desk took it all in with an appropriately skeptical eye. You can read their day one and day two coverage, … Read more
Tucked inside Canoo’s 2023 earnings report is a nugget regarding the use of CEO Tony Aquila’s private jet — just one of many expenses that illustrates the gap between spending and revenue at the EV startup. Canoo posted Monday its fourth-quarter and full-year earnings for 2023 in a regulatory filing that shows a company burning … Read more
Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which was touted as a cost-saving measure that will reduce capital expenditures by 20%, comes as Canoo struggles to move beyond prototypes toward commercial production. Canoo … Read more