Back to feeds

Anonymous

Anonymous

Stealth • 5m

Another electric vehicle manufacturer has declared bankruptcy. 😞 Electric car startup Fisker, founded by Henrik Fisker, has filed for bankruptcy. The company attempted to revive its business model of contract manufacturing cars through outsourcing but did not succeed. By the end of last year, Fisker had laid off 15% of its employees, incurred $463 million in losses, and fully depleted investor funds over the last quarter. 💸 Among the company's investors were Leonardo DiCaprio, Palo Alto Investors, and Qatar Holding. 🌟

2 replies10 likes
Replies (2)

More like this

Recommendations from Medial

Vrishank Raj

Stealth • 4m

Ola electric has already given 44% returns in 2 days, despite being a loss making company. Ola electric incurred a loss of rs.267 cr last financial year. It has a negative ROE. Ola electric is a fundamentally weak company, but it is still giving re

See More
0 replies5 likes
1
Image Description
Image Description

Mr Z

 • 

Medial • 2m

This is the most powerful man in tech. He shut down a $2.9 Billion company with just one review. His 20-minute video on their new car sent the company into bankruptcy. In February 2024, a popular tech YouTuber, Marques Brownlee (MKBHD), dropped a

See More
17 replies9 likes
2
Image Description
Image Description

Mr Z

 • 

Medial • 23d

After losing his $180 Million PayPal fortune... Elon was 3 weeks from bankruptcy. Then, he bet his last $6 Million on his cousin's dying startup. Here's how a family meeting saved him: In 2008, everything seemed lost for Elon Musk. SpaceX had

See More
5 replies20 likes
5
Image Description

Harsh Dwivedi

 • 

Medial • 4m

Top News of the Day: 1. Beverage startup Latambarcem Brewers (LB Brewers) has secured $1.5 million (Rs 12.5 crore) in a pre-Series A round co-led by SPV 2. Hero Vired, the online education company owned by the Hero Group, has appointed Prakhar Kasa

See More
1 replies42 likes
4
Image Description

Harsh Dwivedi

 • 

Medial • 8m

Summing Up this Week: 1. Indian startups registered $151 million in VC funding across 23 deals, compared with the $210 million they raised last week. 2. IPO-bound Ola Electric bagged the biggest cheque this week, securing $50 Mn in debt funding fro

See More
2 replies20 likes
2
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 8m

Summary of the Week: 1. Fundings: Indian startups cumulatively raised $260.1 Mn from 31 deals between April 15-20: - An uptick in the investment activity across the ecosystem. Between April 15 and 20, startups cumulatively raised $260.1 Mn across 3

See More
4 replies30 likes
3

Harsh Dwivedi

 • 

Medial • 5m

Top News of the Day: 1. Microsoft says cause of outage at 365 apps and services fixed 2. Zomato announced that it paid over INR 4,000 Cr to delivery partners last year, with INR 40 Cr withheld as TDS. 3. Bitscale, a Gurugram-based startup, has sec

See More
0 replies27 likes
2

Harsh Dwivedi

 • 

Medial • 4m

Top News of the Day: 1. Zerodha introduces Privacy Mode to hide real-time P&L changes 2. ONDC To Launch Insurance, Mutual Fund Products In Two Months 3. Nepal lifts TikTok ban after app addresses cyber crime concerns 4. Swiggy investor 360 One pi

See More
0 replies44 likes
3
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 6m

Top News of the Week: 1. Funding: - Indian startups cumulatively raised $217.84 Mn via 31 deals, a 273% increase from last week's $58.36 Mn raised across 16 deals - With top fundraising like TechnoSport and Libas bagging $25 Mn and $18 Mn respecti

See More
3 replies14 likes
3
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 6m

Top News of the Week: 1. Funding: - 31 Indian startups raised around $336.45 million in funding this week. These deals count 11 growth-stage deals and 18 early-stage deals. Moreover, two early-stage startups kept their transaction details undisclo

See More
7 replies33 likes
5

Download the medial app to read full posts, comements and news.