• Bytemeister@lemmy.world
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    3 hours ago

    Telo is getting funded.

    Aptera is doing another round of funding (for like the 7th time)

    Slate immediately got funded by Bezos.

    I think the market is pretty clear. People want cheaper, smaller, and more “every day” EVs, rather than the insanity 1.2 second 0-60 dystopian-proof luxury crossovers/trucks.

    The first company to make that happen in their niche is going to make bank.

    • BarqsHasBite@lemmy.world
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      1 hour ago

      Telo started 3 years ago, probably pitching for VC a year or 2 longer. Things have changed a lot in the last 4 to 5 years.

      Aptera was founded 2019, originally 2006. And a trike? Not gonna be mass market.

      Slate also started 3 years ago. When the visions of getting rich off EVs was still dancing in everyone’s head.

      The business has moved. Smart money would not start a car company without a competitive advantage like battery tech.