China’s LeEco raises $1.08B to build its electric sports car

photo-car-white-side The Chinese market for electric vehicles is hot, and the latest indicator is a $1.08 billion raise from China’s LeEco, a Beijing-based web video company (which now dabbles in everything from televisions to transportation) that’s targeting Tesla with its own electric sports car plans. Funding for its first car is coming from Legend Holdings Corp., Yingda Capital Management Co.… Read More

Categories IT

Spiri’s prototype 200-mile EV is made for on-demand carpooling

spiri_prototype_front Danish startup Spiri revealed their on-demand carpooling service in late August, and is now ready to show off its first prototype vehicle. The company decided to build its own all-electric car from the ground up, using an engineering team with talent from Aston Martin, Tesla and more, in order to arrive at a final product that best suits the needs of frequent, multi-passenger urban… Read More

Categories IT