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Biden Announces $3B Investment In Electric Vehicle Batteries
David Shultz
David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.
The Biden administration on Monday announced a new $3.1 billion plan to ramp up electric vehicle battery production in the U.S. The effort comes as supply constraints have hindered automakers’ ability to secure EV battery components—potentially slowing down the administration’s goal of having zero-emission cars make up 50% of automotive market share by 2030.
The grant money, which will be funded through the administration’s $1 trillion infrastructure plan, focuses on expanding the U.S.’s domestic battery manufacturing and recycling capacity. The announcement arrives at a time when energy independence and our reliance on fossil fuels is at the forefront of American consciousness due to soaring gas prices. Meanwhile, automakers like Rivian have expressed fears they won’t be able to procure the materials needed to expand EV production, due to supply chain constraints brought about by both the pandemic and Russian invasion of Ukraine.
Geological surveys suggest that the U.S. has sufficient reserves of many of the critical minerals and components necessary to create a domestic supply chain for electric batteries. The $3.1 billion in funding aims to “support the creation of new, retrofitted and expanded commercial facilities” with the goal of reducing the U.S.’s dependence on foreign battery suppliers, the Department of Energy said. In the same vein, the plan also includes an additional $60 million to support battery recycling facilities, which would allow for the recovery and reuse of valuable components like nickel, cobalt and lithium.
For electric automakers—including Southern California-based players including Rivian, Fisker, Faraday Future and Mullen—the new funding provides further backing from an administration that has tried to prioritize EVs, despite opposition from some members of the president’s own party like West Virginia Sen. Joe Manchin. The Biden infrastructure plan also included $7.5 billion to build out a national network of EV chargers, though some observers believe that figure to be too small to meet the nation’s EV charging needs.
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David Shultz
David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.
LA Tech ‘Moves’: MeWe Taps Apple Co-founder, Aspiration Swipes Tesla Director
12:00 PM | August 05, 2022
Photo by James Opas | Modified by Joshua Letona
“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.
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Aspiration, a sustainable financial services company, appointed former Tesla director Tim Newell as its first chief innovation officer. Prior to leading teams at Tesla, Newell also worked under the Clinton Administration as a deputy director for policy in the White House office of science and technology.
All-electric vehicle manufacturing company Phoenix Motorcars hired industry veterans Lewis Liu as senior vice president of program management office and business development. Phoenix also hired Mark Hastings as senior vice president of corporate development and strategy and head of investor relations.
Counterpart, a management liability platform, welcomed Claudette Kellner as insurance product lead and Eric Marler as head of claims. Kellner served at Berkley Management Protection as vice president, while Marler previously served as an assistant vice president at the Hanover Insurance Group.
Legal tech and eDiscovery veteran Mark Wentworth joined compliance software company X1 as external vice president of sales and business development.
Sameday Health, a testing and healthcare provider, named Sarah Thomas as general counsel. Thomas previously served at digital health company Favor.
MeWe, an ad-free and privacy-first social network, tapped the co-founder of Apple Steve Wozniak to its advisory board, and co-founder of Harvard Connection Divya Narendra to its board of directors.
Internet marketplace Ad.net, welcomed former Interpublic CEO David Bell to its board of directors.
Science and technology company GATC Health, appointed addiction specialist Jayson A. Hymes as a new advisory board member.
AltaSea, a non-profit organization that aims to accelerate scientific collaboration, added South Bay philanthropist Melanie Lundquist to its board of trustees.
Correction:An earlier version stated Divya Narendra was added to MeWe's advisory board.
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Decerry Donato
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
Dispo is Back Without Co-Founder David Dobrik, Closing a Series A
12:38 PM | June 08, 2021
The Los Angeles-based disposable camera app Dispo, whose co-founder stepped down after one of his crew members was accused of sexual assault, confirmed it closed a Series A.
The boost for an undisclosed amount is a comeback for the startup marred by the scandal. Alexis Ohanian's Seven Seven Six, Unshackled Ventures, Endeavor, 35 Ventures and F9 Strategies led the round.
Absent from the round is Spark Capital, which said in March that it would "sever all ties" with the startup following an investigation from Business Insider about a woman who said she was sexually assaulted by a former content creator in Dobrik's vlog crew.
Dobrik also cut ties with the company in March and issued a YouTube apology for his behavior.
After the report, Seven Seven Six tweeted that it would "donate any profits from our investment in Dispo to an organization working with survivors of sexual assault," but added that it would continue to support the company. The firm did not immediately respond for comment.
Among the company's new backers are celebrities Kevin Durant, Andre Iguodala, Cara Delevigne and Sofia Vergara — plus photographers Annie Leibovitz and Raven B. Varona, who "will hold us to a higher standard of photographic excellence," Dispo's CEO David Liss said in a blog post announcing the raise.
The app works like a plastic disposable camera, releasing a user's photos 24 hours after taking them. An updated version, which launched in February, introduced social functions like "Rolls" for users to scroll through each other's pictures.
Like the founders of new L.A. photo app Poparazzi, Dispo's team is pushing for a social media experience that feels less orchestrated and curated. In Tuesday's blog post, Liss pointed to big tech's reach on "body dysmorphia and mental health."
"Imagine a world where Dispo is the social network of choice for every teen and college student in the world," he wrote. "How different a world would that be?"
"Our resolves are strengthened. With our product, team, and community we have a chance to build differently, creating a company on our terms and our values. Hope springs eternal, and Dispo is ready."
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Francesca Billington
Francesca Billington is a freelance reporter. Prior to that, she was a general assignment reporter for dot.LA and has also reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. She graduated from Princeton in 2019 with a degree in anthropology.
https://twitter.com/frosebillington
francesca@dot.la
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