FundingChallenges

Northvolt Seeks New Investors as Financial Resources Dwindle

3 months ago

Northvolt, the Swedish battery manufacturer, is reportedly on the lookout for new investors as it faces an urgent financial crunch. Originally considered a frontrunner in the European battery production race, the company’s funding reserves are now beginning to run low, raising concerns about its long-term viability and plans for expansion.

Lion Electric's President Exits Amid Urgent Cash Search for EV Maker

4 months ago

In a significant shake-up for the electric vehicle (EV) industry, Lion Electric has announced the departure of its president, a pivotal figure in the company's recent operations. This unexpected move comes after the company revealed it is grappling with a pressing need for additional funding as it strives to maintain its competitive edge in the rapidly evolving EV market.

Nasa's Jet Propulsion Lab Faces Job Cuts Amid Funding Shortfalls

5 months ago

The Jet Propulsion Laboratory (JPL), a prominent hub for space exploration under NASA's umbrella, has announced significant job cuts as it grapples with ongoing funding challenges. This decision comes as the laboratory faces a budget shortfall tied to a broader constraint on federal resources for space missions.