Monday, March 18, 2024Fisker Automotive Pauses Production As It Seeks FundingLos Angeles-based electric vehicle maker Fisker Automotive says it has paused all ofits production for six weeks to "align inventory levels and progress strategic and financing initiatives", as the company runs low on cash. The pause comes as Fisker is attempting to raise funding to continue operations. The company said it is "continuing negotiation with a large automaker" for a potential investment.
posted on Monday, March 18, 2024(Full story)
Bitbrand Gets $500K For Blockchain Apple Watch GraphicsLos Angeles-based Bitbrand announced this morning that it has raised $500K in its first funding round. The company said the funding came from Hustle Fund, Side Door Ventures, GFR Fund and others, including others blockchain and luxury investors. The company offers up "Blockchain-based" watch faces for the Apple Watch.
posted on Monday, March 18, 2024(Full story)