The road hasn’t been easy for Next Autoworks (formerly V-Vehicle), which is backed by Google Ventures, T. Boone Pickens, and Kleiner Perkins. But the way forward has grown even rockier as legislators consider a proposal to shuffle around funds set aside for Next Autoworks’ project. Read More »
Cleantech
Execs at green car startups like to give the impression that hundreds of millions of dollars in DOE green car loans are just about to fill up their corporate bank accounts. For some, it could be true. For others, not so much. Read More »
A look at the strategies employed by the venture arms of Intel and Google provide some lessons for where General Motors’ new GM Ventures should go from here. Read More »
Google Ventures will have to brace itself for the majority of investments to break even and lose money. Its investment into green car company V-Vehicle is the classic case in point of how far Google Ventures can miss the mark. Read More »
In northeastern Louisiana, where V-Vehicle (backed by Google Ventures and led by Kleiner Perkins VC Ray Lane) aims to build low-cost gas cars with higher-than-average efficiency, local officials voted on Monday to renew support for the startup in its bid for federal funds. Read More »
V-Vehicle, the secretive auto startup backed by the venture capitalists at Kleiner Perkins, has pulled back the curtain for the first time on its future fundraising plans, stage of development and design elements of its inaugural model, which includes a plastic shell. Read More »
V-Vehicle, the startup with big name investors and plans to build low-cost gas sippers with funding from Uncle Sam, let its factory lease expire last month after losing a bid for federal loans. But now V-Vehicle has renewed its lease on the facility. Read More »
Upstart Saba Motors, a finalist in the $10 million Automotive X Prize competition, is looking for cues in Dell’s business model as it sets out to build an electric sports car. Read More »
V-Vehicle has undergone a shakeup since the feds rejected its request for $321.1 million in loans. V-Vehicle founder Frank Varasano has left his post as chief executive, and investor Ray Lane has stepped into the CEO role, the Monroe News Star reports. Read More »
“Extremely surprised” and “shocked” are some of the words that secretive startup V-Vehicle and local officials in Louisiana have used this week in the wake of V-Vehicle’s failed bid for a federal loan to build a low-cost, high-MPG car. Is it really so shocking? Read More »
V-Vehicle, the stealthy auto startup backed by T. Boone Pickens and Kleiner Perkins that aims to build low-cost, highly efficient, gasoline-powered cars, announced late Wednesday that it’s game over for the company’s bid to secure $321.1 million in federal loans. V-Vehicle had requested funds under the… Read More »
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