Trump administration stops illegal freeze of $5B EV charger funds after losing in court

The Trump administration has finally issued new guidance that states can use to dole out $5 billion in funding for electric vehicle charging infrastructure, after spending months withholding the money. A coalition of states sued over the funding freeze in the National Electric Vehicle Infrastructure (NEVI) program, which was one of the administration’s many attempts…

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TDK backs Ultraviolette with $21M to take India-made electric motorcycles global

Two months ago, Indian electric motorcycle startup Ultraviolette expanded into 10 European countries. Now, fueled with $21 million in an all-equity round led by the corporate venture arm of Japanese electronics giant TDK Corporation, Ultraviolette is putting its expansion plans into overdrive. The nine-year-old startup plans to grow its European footprint fourfold, enter other motorcycle-driven…

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Poshmark CEO and founder to step down

Fashion resale marketplace Poshmark announced on Monday that its founder, Manish Chandra, is stepping down as CEO. Namsun Kim, who has served as executive chairman since April, has been appointed as his successor.  Chandra founded Poshmark in 2011 alongside his three co-founders in a garage in Silicon Valley. Under his leadership, the company went public,…

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