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RMO
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18 EV, Battery Startups Trying To Rival Tesla Likely To Run Out Of Cash Next Year: WSJ
At least 18 electric vehicle (EV) startups are predicted to deplete their cash reserves by the end of 2024. Three firms have already declared bankruptcy. High-profile companies like Nikola Corp. And Fisker Inc. Have been hit hard by rising costs and production problems.
Benzinga · 12/20/2023 09:51
UPDATE 4-Nikola tumbles after naming fourth CEO in as many years
Reuters · 08/04/2023 13:55
BUZZ-Arrival falls after scrapping plan to merge with SPAC
Reuters · 07/05/2023 15:50
UPDATE 1-Nikola reports jump in second-quarter deliveries
Reuters · 07/05/2023 12:31
BUZZ-Nikola falls on plans to pull the plug on Romeo Power
Reuters · 07/05/2023 08:39
EV truck maker Nikola to pull the plug on battery supplier Romeo
Reuters · 07/03/2023 22:19
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About RMO
Romeo Power Inc. designs, engineers, and manufactures lithium-ion cylindrical battery packs for electric vehicles and energy storage solutions, with a focus on battery innovation, functionality, energy density, safety, and performance. The Company is primarily focused on marketing mobility energy technology for medium and heavy-duty commercial vehicles in Classes 4 to 8. Its battery modules and packs are customizable and scalable and are optimized by Company’s battery management system (BMS). Its products include Banyan Module and Menara Battery Pack Series. Banyan is a modular building block consisting of lithium-ion cells in a 21700 format with 10.3 kilowatt-hour (kWh) capacity and over 215 Watt-hours per kilogram (Wh/kg) energy density with integrated active cooling and structural capability, packaging efficiency and thermal management. Its Menara Battery Pack Series is capable of powering a range of commercial vehicles spanning from Class 3 delivery vehicles to Class 8 vehicles.