The battery business is booming and Zeekr kicks off it IPO roadshow | TechCrunch

Image for article The battery business is booming and Zeekr kicks off it IPO roadshow | TechCrunch

News Summary

  • The company has raised $9 billion in debt and equity since 2017, including $1.1 billion in convertible notes last year.
  • The SEC said 3,350 eligible claimants will share in the $42.3 million payout.Speaking of Tesla, CEO Elon Musk livestreamed a test drive of FSD Beta v12 — a yet-to-be-released version of its automated driving software (the video has since been posted on YouTube by a number of people).
  • Polestar plans to add Chauffeur at a later date, but did not specify when.Tesla shareholders who sued the company for financial losses stemming from Elon Musk’s “funding secured” tweet in 2018 are set to receive compensation now that the case has been settled.
  • If you prefer to remain anonymous, click here to contact us, which includes SecureDrop (instructions here) and various encrypted messaging apps.The battery business keeps attracting capital.Just take a look at Swedish lithium-ion battery producer Northvolt.
  • The company raised around $1.2 billion in a convertible notes from BlackRock and various Canadian pension plans.
  • Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.We have a lot to cover so let’s jump in.
The Station is a weekly newsletter dedicated to all things transportation.Sign up here just click The Station to receive the newsletter every weekend in your inbox. Subscribe for free.Welcome b [+7298 chars]

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