News Summary

The electric vehicle (EV) industry is witnessing significant developments as Tesla faces a challenging period with declining sales and stock prices. This turmoil is partly due to the recent tariffs announced by the Trump administration, which could impact Tesla’s energy-storage business despite its vehicles being manufactured in the U.S. Amid these challenges, several startups are making notable strides. Massachusetts-based EVident Battery secured $3.2 million in seed funding for its advanced battery inspection technology. Fourier, a hydrogen startup, raised $18.5 million in a Series A round, with backing from prominent investors like General Catalyst and Airbus Ventures. In Europe, Windrose Technology, an EV maker with Chinese roots, plans to file for a $400 million IPO in the U.S. Meanwhile, California-based Harbinger begins production of medium-duty EVs, marking a critical milestone since its founding in 2021. Harbinger also plays a role in the bankruptcy proceedings of EV startup Canoo, challenging the sale of its assets to Canoo’s CEO. Lastly, Redwood Materials, founded by former Tesla CTO JB Straubel, opens a new R&D center in San Francisco to support its battery recycling and materials innovation efforts.