Splend $100M, Canoo shuts down, Italian scooters down 30%

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Splend, gig-driver car-rental company, received a ±$100M equity investment for 49% stake in the company. Splend operates roughly 7,000 vehicles in Australia and the UK, and focus now is on accelerating the switch to EVs.?

Canoo files for Chapter 7 bankruptcy and ceases operations. The writing was on the wall, as past weeks saw the company furlough all employees and shutting down its factory. Furthermore, most if not all EV SPAC companies (Arrival, Fisker and others, except Rivian) share the same faith, one of bankruptcies.?

Italy’s new highway code, mandating helmets and license plates for scooters (and more), recently came into effect - and rental scooter usage is 30% down.?

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