EV

We don't need better batteries. We need a better business model. Swap the battery like you swap a propane tank. The car never stops.

I raised $850 million to prove that electric cars could work for everyone. We proved they could. We just couldn't prove we could make money doing it.

Israel was supposed to be our proof of concept. A small country, short distances, high gas prices. If it didn't work there, it wouldn't work anywhere. It didn't work there.

We went public via SPAC at a $1.6 billion valuation. We had no revenue, no production vehicle, and apparently no real pre-orders. The SPAC era will be studied for decades.

We bought a GM factory for a dollar. A dollar. The factory that built the Chevy Cruze. We were going to build electric trucks there. The symbolism was perfect. The business plan was not.

The Endurance truck had hub-mounted motors — one in each wheel. Revolutionary technology. We just never got to the part where we actually manufactured them at scale.

We filed for bankruptcy with $6 million in cash. We had raised over $1 billion total. A billion dollars in, six million left, zero trucks on the road. That math is hard to explain.

India runs on two-wheelers. If you electrify scooters, you electrify India.

The Indian government wants 30% of all vehicles to be electric by 2030. We're building to meet that target.

We're not just building scooters. We're building batteries, charging networks, and eventually cars. The full EV stack.

The EV-only future is wrong. The world needs hybrids, hydrogen, and batteries — all of them.

India has 200 million scooter riders. Electric is inevitable. We're just accelerating it.

If you make the best batteries, you should make the cars that run on them.

Electric vehicles should not be luxury products. They should be affordable for everyone.