Electric vehicle startup Mullen returns to Nasdaq, clinging to life
The company unveiled a 1,000-horsepower electric SUV called the Five RS at CES in January. Mullen said production of its stylish SUV will begin next year, but whether that will be achieved remains to be seen. Nasdaq has been keeping a close eye on Mullen's stock price for more than two years. Small electric car maker Mullen Automotive has been warned again that it could be delisted from Nasdaq for failing to meet minimum bid requirements. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd(" 6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); The startup, which was founded a few years ago, has showcased several vehicles but has yet to start production on any of them. The company has been teetering on the edge of being delisted from public trading for the past two years after failing to meet its $1 minimum purchase price. In September 2022, it received notice from Nasdaq for the first…
Toyota invests an additional $500 million in air taxi startup
Automaker's cash infusion into Joby Aviation will help the California-based company begin commercial operations in late 2025 go through Chris Chilton October 2, 2024 20:30 Toyota also invested $500 million in California-based air taxi startup Joby Aviation. The cash, which will be split into two tranches, is expected to allow Joby to begin flying commercially in 2025. The new capital injection brings Toyota's total investment in Joby to $894 million. Toyota is investing $500 million in an air taxi startup that plans to begin commercial flights next year. The automaker has been working with California-based Joby Aviation since 2020, and the latest cash infusion brings Toyota's total investment in the company to $894 million. Joby will receive the new cash in two tranches, with the first arriving in Santa Cruz later this year and the remainder due in 2025, the year the company hopes to truly launch its electric air taxi business. RELATED: Toyota invests $394 million in bet on…
How a capital injection from Monievest can transform your startup
introduce Imagine a startup with groundbreaking technology but limited funding. Despite its huge potential, it struggles to get off the ground due to lack of funding. Capital infusion is a vital financial lifeline that can transform such a startup into a thriving business. Capital infusions, including those from platforms like Monievest, play a vital role in business growth, innovation, and overall economic development. This article will delve into the nuances of capital infusions, its types, benefits, and its impact on various industries. Learn about funding Funding Type Recapitalization is the injection of capital into a business to support its operations, growth or development. Recapitalization can take several forms: Cash Injection: Provide direct cash assistance to businesses. Equity Injection: Investment in exchange for ownership of a company. Debt injection: A loan or credit facility provided to a business. Pros and Cons Each type of capital injection has its advantages and disadvantages: Cash Injection: advantage: Immediate cash out without dilution of ownership.…
China’s HiPhi electric car startup in trouble, parent company
The high-end electric vehicle startup halted production in February last year and has not been able to resume since. Human Horizons, which owns HiPhi, filed for bankruptcy after being unable to repay its debts. The company entered a court-driven restructuring as a last-ditch effort to save the company. HiPhi ceased production in February last year, and rumored acquisition deals have all fallen through. Competition in China's electric vehicle market is so fierce that automakers are having a hard time staying afloat. Human Horizons Group, the parent company of premium electric vehicle startup HiPhi, has entered a restructuring process after a long period of financial troubles. Human Horizons recently filed for bankruptcy with the People's Court of Yancheng, China, admitting that it was unable to repay its debts as of April 30. The court in the same city where HiPhi is made accepted the application on August 8, ordering the company to enter a restructuring phase. MORE: 1,287-horsepower HiPhi A thinks…
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