
Investors include Proeza Ventures, a mobility-focused VC firm backed by Tier 1 supplier Metalsa’s holding company, and BUILD Capital Group. Rob Ferber, employee number one and former science director at Tesla, hired as CTO.
Investors include Proeza Ventures, a mobility-focused VC firm backed by Tier 1 supplier Metalsa’s holding company, and BUILD Capital Group. Rob Ferber, employee number one and former science director at Tesla, hired as CTO.
The investment round of $2.5 billion comes as the electric vehicle startup retools its factory to produce its three electric vehicles starting in 2021.
The investment by IAC makes the media and internet conglomerate the largest shareholder in the peer-to-peer rental company.
Often, innovation is driven by the private sector. But public sector agencies are also leading the way in designing transportation systems for the future.
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