The biggest flops and fizzles in 2024 transportation, from Apple Car to Fisker

Quick Summary:

Autonomous vehicle technology and electrification startups were once the darlings of the VC and corporate world.

In short, 2024 was the year when the weaker startups bid farewell and corporate entities took a hard look at what they were spending on and said “time to move on.

In February, Swedish company Cake filed for bankruptcy.  The company, best known for making high-design bikes, was apparently in the midst of a funding round.

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Article Details

Author / Journalist: Kirsten Korosec

Category: Technology

Markets: United States

Topics: Autonomous vehicles EVs Apple Startups Cruise Transportation Fisker

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 17:40:00 (18 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1204 words

Reading Time: 7 minutes read

Sentences: 62 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24584785

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