Automakers

How electric van startups are burning cash in race to deliver vehicles

REE engineering center Nuneaton
A prototype van with 'corner' in-wheel motors developed by REE Automotive for electric delivery vans is pictured on the test track at the electric chassis maker's engineering center in Nuneaton, England. (REUTERS)
R
By:
Reuters
August 09, 2022 08:23 AM

NUNEATON, England -- A handful of commercial electric vehicle startups are burning through cash fast, racing to bring vans or trucks to market before the funds run out or customers choose to buy from legacy automakers such as Ford or General Motors.

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