News Summary

• Software and EV charging sure seems like a thing, eh?Other deals that got my attention this week …Ampcontrol, an EV fleet management software startup, raised $10 million in Series A funding round led by the Westly Group.
• While the EPA does review and approve those estimates, it allows automakers to use one of two methods to reach those figures: use a standard formula that converts fuel economy results, or conduct additional tests to come up with their own range estimate.
• Other investors included AngelPad and Lorimer Ventures.Aurora raised $820 million in a public and concurrent private offering (a deal we covered last week).
• Both companies raised profit guidance for the year and GM said it would cut costs another $1 billion as it focuses on earning more money.Ford, which now breaks out earnings for three business units, is tweaking its EV plans.
• As I mentioned in the Equity podcast, tucked inside the SEC filing detailing the deal we learn that Uber invested $1 million in the private placement and $74 million in the public follow-on.
• These days Ford is learning that hybrid technology applied to trucks is particularly attractive to buyers.Ample, a San Francisco-based startup, is bringing its modular EV battery swapping technology to Mitsubishi Fuso’s electric trucks this winter.GM isn’t going to kill off the Chevy Bolt EV after all.