PYMNTS-MonitorEdge-May-2024

electric vehicles

Car Subscription Provider Finn Raises $110 Million to Add EVs
Car Subscription Provider Finn Raises $110 Million to Add EVs
January 11, 2024  |  Investments

Car subscription provider Finn raised 100 million euros (about $110 million) in a Series C equity funding round. The firm will use the new capital...

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Hertz Reducing EV Fleet Due to High Cost, Low Demand
Hertz Reducing EV Fleet Due to High Cost, Low Demand
January 11, 2024  |  Transportation

Car rental firm Hertz is selling 20,000 electric vehicles (EVs) from its U.S. fleet — amounting to one-third of its global fleet — and replacing...

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AI is Coming for the Automotive Experience, Down to the Battery 
AI is Coming for the Automotive Experience, Down to the Battery 
January 10, 2024  |  Artificial Intelligence

We exist in an era of various innovations transforming the world’s foundational industries. And these advances, from artificial intelligence (AI) to quantum computing and beyond, are increasingly enjoying...

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Report: Investors in EV Charging Grow ‘Weary’ Waiting for Profits
Report: Investors in EV Charging Grow ‘Weary’ Waiting for Profits
December 26, 2023  |  Investments

Electric vehicle (EV) charging companies reportedly don’t have much juice with investors these days. As The Wall Street Journal reported Tuesday (Dec. 26), companies like ChargePoint, Blink...

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Ola Electric Mobility Aims to Raise $661 Million in IPO
Ola Electric Mobility Aims to Raise $661 Million in IPO
December 22, 2023  |  IPO

Ola Electric Mobility, an Indian electric scooter manufacturer, is set to raise 55 billion rupees ($661 million) through an initial public offering (IPO), signaling its...

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Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
December 10, 2023  |  Retail

At auto dealerships around the country, electric cars have reportedly become a hard sell. Consumers are worried about the price, range and reliability of these vehicles,...

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Convenience Stores Tap EV Chargers to Capture Spending
Convenience Stores Tap EV Chargers to Capture Spending
December 08, 2023  |  Retail

Convenience retailers are seizing on the electric vehicle (EV) charging opportunity to drive sales, as consumers wait around with little to do but shop. Last...

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Visa Picks Enfuce to Launch New Fleet Mobility Card
Visa Picks Enfuce to Launch New Fleet Mobility Card
December 06, 2023  |  B2B Payments

Payment processor Enfuce and Visa have expanded their partnership to introduce a new mobility card. The collaboration, announced Wednesday (Dec. 6), lets the two companies deliver the Visa Fleet 2.0...

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What Electric Vehicles, Impossible Foods and Buy Now, Pay Later Teach Us About Early Adopters
What Electric Vehicles, Impossible Foods and Buy Now, Pay Later Teach Us About Early Adopters
December 04, 2023  |  Consumer Insights

It seemed impossible. A product that looked like beef, bled like beef, and cooked like beef made entirely out of plants. But Impossible Foods and...

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