Friday, July 19, 2024
Startups

Tiny EV maker ElectraMeccanica pulls the plug on its exit plan

ElectraMeccanica, former maker of three-wheeled electric vehicles, said on Wednesday that it has “terminated” its plan to merge with Tevva, which makes hydrogen-electric trucks (not sandals).  ElectraMeccanica said its board decided unanimously to bin the deal over “multiple incurable breaches of the agreement by Tevva.” The alleged breaches include “failures by Tevva” to share “material […]

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