At this point, it would be tempting to have all their employees quit and start their own EV company, or join another one. It’s not like the people vanish when a company folds.
No one’s going to fund a new company though. The old car companies have finally moved to EVs and will quash newcomers. Funders know this.
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.
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 (not that bezos cares about that).
The business has moved. Smart money would not start a car company without a competitive advantage like battery tech.
