SANTA CRUZ, Calif. / May 12, 2025 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has successfully flown two of its aircraft simultaneously for the first time, marking another important milestone in the Company’s flight testing program. The two-aircraft flight,... Read more
Integrating hybrid-electric propulsion capabilities into Vertical’s next-generation aircraft prototype, unlocking multi-billion-dollar opportunities including defence, logistics and wider commercial applications Actively discussing use cases and defence special mission applications with government agencies and potential customers New long-range variant will... Read more
AUSTIN, Texas / May 12, 2025 / Business Wire / Hyliion Holdings Corp. (NYSE American: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today announced it has signed a non-binding Letter of Intent (LOI) for collaboration with Mesa Natural Gas Solutions (“Mesa”), a leading manufacturer and provider of natural gas generators and microgrids. The LOI outlines a phased demonstration plan for... Read more
UAE Launch remains on track for later this year with plans to deliver a piloted Midnight aircraft to the UAE this summer The Midnight “Launch Edition” program rolls out with its first two customers: Abu Dhabi Aviation and Ethiopian Airlines Partnering with Palantir to build artificial intelligence for the future of next-gen aviation technologies Total cash position surpasses $1B, leading the industry with Q1'25... Read more
Growing share of higher margin models in sales mix and continuing cost reduction measures start to drive financial and operational performance improvement Gross margin improved by 15ppts to 7% versus Q1 2024 Net loss reduced by 31%; an Adjusted EBITDA loss improvement of 46% year-on-year Over USD 900 million worth of financing facilities secured or renewed in Q1 2025 Cash position of USD 732 million as of end... Read more
MIDLAND, Texas / May 12, 2025 / Business Wire / AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, is providing its business update and results for the first quarter ended March 31, 2025. "AST SpaceMobile continues to execute... Read more
NÜRTINGEN, Germany / May 12, 2025 / Business Wire / ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-based energy storage and fast-charging systems, today announced its audited financial results for full year 2024, covering the period ended December 31, 2024. Financial Highlights Following the publication of ’24 results earlier this year below we are reporting finalized and fully audited ’24 results which... Read more
MELBOURNE, Fla., May 12, 2025 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its First Quarter 2025 Earnings Results. Financial highlights Eve Air Mobility is an aerospace company dedicated to the development of an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility (UAM) ecosystem that includes aircraft development, Services & Support solutions –... Read more
In January 2025, announced agreement to acquire Edge Autonomy; subsequently announced receipt of all regulatory approvals for the transaction Awarded contract from Thales Alenia Space to provide International Berthing and Docking Mechanism for Lunar I-Hab module Awarded NASA contract to launch four additional pharmaceutical drug investigations to the International Space Station using PIL-BOX Significant... Read more
REDMOND, WA / ACCESS Newswire / May 12, 2025 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announced its first quarter 2025 results. Key Business Highlights Established defense industry advisory board to accelerate strategic expansion and pursuit of revenue opportunities in the defense tech and military sectors. Elevated... Read more
Net loss improved by $0.7 million versus the prior year to $(3.5) million in Q1 2025; Adjusted EBITDA improved by $2.3 million versus the prior year to $(1.2) million in Q1 2025(1) First Adjusted EBITDA profitable Q1 in the Passenger Segment since going public. Passenger Segment Adjusted EBITDA of $0.1 million in Q1 2025 represents a $2.7 million increase versus the prior year Q1 2025 revenue increased 5.4%... Read more
First quarter 2025 total revenues of $20.8 million First quarter 2025 service revenues grew 29.2% to $10.6 million compared to $8.2 million in first quarter of 2024 Gross margin of 35.5% in the first quarter of 2025 During the first quarter the Company added 319 Blink-owned chargers to its network Subsequent to quarter end, Blink and Create Energy launched turnkey energy storage solution for on-demand grid... Read more
WINNIPEG, Manitoba, May 12, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, is pleased to announce that the ten nominees listed in the management information circular dated March 21, 2025, were elected as directors of the Board at the Company’s annual and special meeting of shareholders (the Shareholder Meeting) held... Read more
Wireless: Net subscriber growth (+150K), improved churn (7.2% year-over-year), filed Federal Communication Commission (FCC) certification of more than 24,000 5G constructed "on-air" sites one month ahead of schedule Pay TV: Lowest DISH TV churn (1.36%) in over a decade (excluding the pandemic), growth in average revenue per user (ARPU) (+3% year-over-year) Broadband & Satellite... Read more
TORONTO / May 09, 2025 / Business Wire / Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the first quarter of 2025. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows: Three month period ended March 31 Expressed in thousands of Canadian... Read more
AUSTIN, Texas, May 09, 2025 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon'', the “Company” or “we”), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the quarter ended March 31, 2025. Company Highlights: ● Sold all remaining Grunt EVO motorcycles in Q1 ● Signed amended and restated golf cart supply... Read more
NEWARK, Calif., May 8, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the opening of its latest Studio and Service Center location in Rutherford, N.J. The new facility, built to serve the rapidly expanding customer base in New Jersey marks Lucid's 43rd permanent location in North America and 58th location globally. "New Jersey... Read more
LONG BEACH, Calif. / May 08, 2025 / Business Wire / Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it will launch its new medium-lift reusable rocket Neutron for the U.S. Air Force Research Laboratory (AFRL) for a Rocket Cargo mission that supports point-to-point cargo transportation, establishing a new era of commercial... Read more
Honeywell continues certification and production work for its flight control and aircraft management systems; enters into new long-term agreement with Vertical to unlock speed and efficiencies in delivering Vertical’s VX4 aircraft to customers New Honeywell inceptors also selected by Vertical to make VX4 easier and safer for pilots to fly Expanded... Read more
HOUSTON, TX / ACCESS Newswire / May 8, 2025 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("Envirotech" or the "Company") today announced that through its subsidiary, AG Drones Inc. ("AG Drones"), it has entered into a Consulting and Manufacturing Agreement with a U.S. drone manufacturer for the manufacture of a U.S.-made heavy lift drone and that, following delivery of the drone and its associated intellectual... Read more
LONG BEACH, Calif. / May 08, 2025 / Business Wire / Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab,” “the Company,” “we,” “us,” or “our”), a global leader in launch services and space systems, today shared the financial results for fiscal first quarter ended March 31, 2025. Rocket Lab founder and CEO Sir Peter Beck said: “Rocket Lab has delivered a strong first quarter performance, with wins across our launch and... Read more
PITTSBURGH / May 08, 2025 / Business Wire / Aurora Innovation, Inc. (NASDAQ: AUR) today announced its first quarter 2025 results. Aurora’s shareholder letter and financial results are available on its investor relations website at ir.aurora.tech. “Aurora’s self-driving trucks are now hauling commercial freight on Texas roads. Autonomous freight is no longer just a vision, it’s a reality,” said Chris Urmson,... Read more
WINNIPEG, Manitoba, May 08, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in propulsion-agnostic bus and coach mobility solutions, today announced its unaudited interim condensed consolidated financial results for the first quarter of 2025. All figures quoted in U.S. dollars unless otherwise noted. First Quarter Highlights Deliveries: 1,028... Read more
Strongest start to the year ever with record Q1 Gross Bookings and Active Riders growth accelerating Cash flow generation approaching $1 billion for the trailing twelve months Increasing share repurchase program to $750 million SAN FRANCISCO / May 08, 2025 / Business Wire / Lyft, Inc. (Nasdaq:LYFT) today announced strong financial results for the first quarter ended March 31, 2025. "Q1 marked Lyft's 16th... Read more
Q1 total net assets increased by $24.8 million, or 21.6%, from the prior year-end. FF continued to expand its client base with two FF 91 2.0 deliveries, one in California and one in New York, officially entering the East Coast market, expanding its regional footprint beyond California. The FX Super One is anticipated to be unveiled around end of June of 2025, online B2C paid pre-order collection will be opened... Read more
Successfully built and deployed 250 new third-generation robots, enhancing operational scale and efficiency Continued geographic expansion into Miami and Dallas metros; Atlanta launch on track First quarter revenue of $440 thousand, a 150% increase versus Q4 2024 Unlocking the value of Serve’s software and data platform; recurring revenue generation expected in Q2 Strengthened balance sheet with $91.5 million... Read more
Vancouver, BC., May 08, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its first quarter financial results. Key Financial and Operational Highlights for Q1 2025: Revenue for the first quarter of 2025 was $1,547,715 which represents a 16% year over year... Read more
TAIPEI, May 8, 2025 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its first quarter ended March 31, 2025. First Quarter 2025 Summary Revenue of $63.6 million, down 8.7% year-over-year and down 4.5% on a constant currency... Read more
First Apollo units manufactured with Tier 1 supplier partner Advanced integration into NVIDIA DRIVE platform Secured new customer engagements PLEASANTON, Calif. / May 08, 2025 / Business Wire / AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the first quarter ended March 31, 2025. Recent Business Highlights The Apollo manufacturing... Read more
SAN DIEGO, May 08, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced a broad range of new orders for its EV ARC™ off-grid solar-powered charging units, despite a reduction in federal demand. The 23% quarter-over-quarter increase in orders reflects growing... Read more
PLEASANTON, Calif. / May 07, 2025 / Business Wire / AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced it has successfully produced the first Apollo lidar sensors from the LITEON manufacturing line in Taipei, Taiwan. This achievement is a key milestone as AEye positions Apollo for high-volume production. Designed to detect objects at highway speeds at an... Read more
Key Milestone as part of Electrovaya's Manufacturing Investment in Jamestown, New York JAMESTOWN, NY / ACCESS Newswire / May 7, 2025 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it has commenced battery system assembly operations at its Jamestown, New York facility. These operations will continue to expand with growth in demand... Read more
AUBURN HILLS, Mich., May 7, 2025 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported first quarter results. First Quarter Results and Business Update BorgWarner's (the "Company") organic sales were relatively flat compared with first quarter 2024, which equated to a U.S. GAAP net sales decrease of approximately 2%. This performance was despite a 3.6% decrease in the Company's weighted light and... Read more
Net Sales of $359M and GAAP Net Income of $26M Adj. EBITDA of $49M with 14% Margin and 2,295 Buses Sold FY2025 Adj. EBITDA Guidance Reaffirmed at $200M or 14% of Revenue MACON, Ga. / May 07, 2025 / Business Wire / Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2025 second quarter results. Highlights (in millions... Read more
SAN FRANCISCO / May 07, 2025 / Business Wire / Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2025. “We kicked off the year with yet another quarter of profitable growth at scale, with trips up 18% and even stronger user retention,” said Dara Khosrowshahi, CEO. “Supported by the consistent strength of our core business, we continue to build towards the future,... Read more
BARCELONA, Spain / May 07, 2025 / Business Wire / Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced its financial results for the first quarter ended March 31, 2025 and provided a business update. First Quarter 2025 Highlights and Business Update: Generated revenue of €37.6 million in the quarter exceeding the guidance... Read more
SANTA CRUZ, Calif. / May 07, 2025 / Business Wire / Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its First Quarter 2025 Shareholder Letter detailing the company’s operational and financial results for the period ending March 31, 2025. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT... Read more
WINNIPEG, Manitoba, May 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, today announced that it and certain of its subsidiaries (collectively, the Company) have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which includes $300 million in... Read more
Interline flights will connect the large air travel market between Japan and Hawaii by expanding direct flight access for Japan Airlines passengers to more Hawaiian airports. Mokulele Airlines is an airline subsidiary brand of Surf Air Mobility. Surf Air Mobility Inc. (NYSE: SRFM) (the “Company” or “Surf Air Mobility”), a leading regional air mobility... Read more
BERLIN / May 06, 2025 / Business Wire / Planet Labs Germany GmbH, a leading provider of daily data and insights about Earth, today announced the German Federal Ministry of the Interior and Community (BMI) and the German Federal Agency for Cartography and Geodesy (BKG) have signed a seven-figure contract with Planet with a one year term and an option to renew for two more years. The deal includes a fixed rate of all... Read more
$206 million of positive gross profit in the first quarter of 2025 Unlocked an expected $1 billion investment from Volkswagen Group Significant progress made on R2 development and factory expansion Completed over 36,000 demo drives during the first quarter of 2025 - the highest number of drives in a quarter to date IRVINE, Calif. / May 06, 2025 / Business Wire / Rivian Automotive, Inc. (NASDAQ:... Read more
Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gating Delivered 3,109 vehicles in Q1; up 58.1% compared to Q1 2024 Q1 revenue of $235.0 million GAAP net loss per share of $(0.24); non-GAAP net loss per share of $(0.20) Ended the quarter with approximately $5.76 billion in total liquidity NEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc.... Read more
400V high-voltage coolant heater (HVCH) technology to be used in series of plug-in hybrid electric vehicles HVCH offers flexible and compact design with high thermal power density Marks the company's largest eHeater contract for plug-in hybrid electric vehicles in North America AUBURN HILLS, Mich., May 6, 2025 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and... Read more
GUANGZHOU, China and SAN FRANCISCO, May 6, 2025 /PRNewswire/ -- Pony AI Inc. ("Pony.ai") (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, and Uber Technologies, Inc. ("Uber") (NYSE: UBER), today announced a strategic partnership to deploy Pony.ai's Robotaxis onto the Uber platform. The partnership is expected to first launch in a key market in the Middle East later... Read more
Extension of NRE payment plan announced in December 2024 increases the potential cash payments expected in 2025-2027, further bolstering financial position TEL AVIV, Israel, May 6, 2025 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensors and perception software, today announced an... Read more
MONTRÉAL, QUEBEC / ACCESS Newswire / May 6, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion systems, announced today it filed a new U.S. patent application with the United States Patent and Trademark Office for software-driven overload protection of cooling-pump motors integrated within the Company's proprietary E-Motion™... Read more
All-electric B4 will be used as both a work truck and delivery truck, supporting various LES Ecology Center environmental initiatives including the longest running compost program in New York City BREA, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces its subsidiary, Bollinger Motors... Read more
Record revenue of $75.3 million in the first quarter, representing an increase of 36% year-over-year. Charging network revenue totaled a record $47.1 million in the first quarter, an increase of 49% year-over-year, representing the 13th consecutive quarter of double-digit year-over-year charging revenue growth. Network throughput reached 83 gigawatt-hours (“GWh”) in the first quarter, an increase of 60%... Read more
OTTAWA, Ontario, May 06, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced its financial results for the three month period ended March 31, 2025. All amounts are in Canadian dollars and reported under IFRS® Accounting Standards unless otherwise noted. “I am pleased with our performance in the first quarter of this year,... Read more
LOUISVILLE, Colo. / May 06, 2025 / Business Wire / Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced its operational and financial results for the first quarter of 2025. Recent Business Highlights Conducted detailed design of equipment for the planned installation of a continuous manufacturing pilot line for sulfide electrolyte production; commissioning... Read more
New leaders set to drive growth and bolster leadership in key areas NEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the company has strengthened its executive leadership team as it prepares for future growth. Lucid recently welcomed Akerho "AK" Oghoghomeh as Senior Vice President of Marketing, Jason Ryska as... Read more
West Virginia Deployments Now Total 22 GreenPower School Buses GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that three Type D all-electric, purpose-built,... Read more
Partnership leverages growing resources in the Kingdom of Saudi Arabia to advance key areas in Lucid's technology roadmap while progressing the country's vision for sustainable mobility KING ABDULLAH ECONOMIC CITY, Saudi Arabia, May 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, and... Read more
LONG BEACH, Calif. / May 05, 2025 / Business Wire / Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced the launch window for its next mission for multi-launch customer, Institute for Q-shu Pioneers of Space, Inc. (iQPS). The mission, named ‘The Sea God Sees’, will launch from Rocket Lab Launch Complex 1 in New Zealand during a... Read more
SAN FRANCISCO & GUANGZHOU, China / May 05, 2025 / Business Wire / Uber Technologies, Inc. (NYSE: UBER), the world’s largest mobility and delivery platform, and WeRide (NASDAQ: WRD), a global leader in autonomous driving technology, today announced a significant expansion of their previously announced strategic partnership, adding 15 additional cities globally over the next five years, including in Europe. This... Read more
ANAHEIM, CA / ACCESS Newswire / May 5, 2025 / Phoenix Motor Inc. dba PhoenixEV, a leading manufacturer of all-electric, medium- and heavy-duty vehicles, is pleased to announce that it has been awarded a multi-category contract by the California Department of General Services (DGS) for Battery Electric Buses (BEBs). PhoenixEV has been selected for the following vehicle categories: Group 2 - 35-foot Battery... Read more
DEARBORN, Mich. / May 05, 2025 / Business Wire / Ford Motor Company (NYSE: F) today reported first quarter 2025 financial results. Visit the company’s Investor Relations website at shareholder.ford.com to view the earnings release, earnings presentation and other supporting material. At 5:00 p.m. ET, Ford and Ford Motor Credit Company management will hold a conference call to discuss these financial results. For the... Read more
DETROIT, May 5, 2025 /PRNewswire/ -- General Motors (NYSE: GM) announced today it has launched an offering of senior unsecured fixed rate notes. GM intends to use the net proceeds from the sale of the notes for general corporate purposes, including to refinance a portion of the $1.25 billion outstanding of its 6.125% senior notes maturing on October 1, 2025, and fund a portion of the $1.8 billion five-year... Read more
DETROIT, May 5, 2025 /PRNewswire/ --General Motors (NYSE: GM) announced today the pricing of three series of senior unsecured fixed rate notes for a total of $2.0 billion. These notes include $750.0 million of 5.350% notes due in 2028, $750.0 million of 5.625% notes due in 2030 and $500.0 million of 6.250% notes due in 2035. The offering is expected to settle on May 7, 2025. GM intends to use the net proceeds from... Read more
SAN FRANCISCO & BEIJING / May 02, 2025 / Business Wire / Uber Technologies, Inc. (NYSE: UBER) and Momenta today announced a strategic agreement to introduce autonomous vehicles to the Uber platform, in international markets outside of the US and China. First deployment for the partnership will take place in Europe at the beginning of 2026, with onboard safety operators. By combining Uber's ridesharing network... Read more
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