Sean O'Kane

EV startup Fisker Inc. is laying off more employees to “preserve cash,” one week after warning investors it would have to make cuts to stave off impending bankruptcy, according to an internal email viewed by TechCrunch. Founder and CEO Henrik Fisker told employees Monday morning in the email that the company is “continuing to evaluate all viable options for our business, including a potential transaction, and we are committed to identifying potential buyers and pathways

Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come up with that money, according to a U.S. Securities and Exchange Commission regulatory filing. The imperiled company said in the regulatory filing Tuesday it had just $54 million in cash and equivalents as

Owners of aging EVs aren’t exactly flush with options if something breaks after the original warranty expires. One Bay Area startup called Amber thinks it can help them navigate that minefield, starting with Tesla owners. The company, founded in early 2023, announced Wednesday it has launched a new aftermarket Tesla warranty product called AmberCare for Tesla Model Y, 3, S and X owners. There will be different plans, ranging from $40 per month to around