about this episode

This is episode two of the Inside Transportation podcast. This podcast was made possible by Ford Motor Company (www.ford.com) and Fenwick (www.fenwick.com).

Featuring Jason Calacanis (Angel investor, LAUNCH, Inside.com) and Johan Moreno (Inside.com).

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Subscribe to Inside Electric Vehicles newsletter: inside.com/evs

Recorded on April 21, 2020.

SHOW NOTES —

SEGMENT 1:
2:42 — Electric vehicle startups receive PPP loans
As thousands of small business owners struggle to pay rent and keep their employees on staff, two high-profile electric vehicle startups have applied and received Paycheck Protection Program (PPP) loans from the Small Business Administration (SBA).

Faraday Future received a $9.1 million dollar loan from the program, which is close to the $10 million ceiling allowed by the program. Workhorse Group has also received a $1.4 million loan, which the company will use to cover payroll costs.

THE VERGE: www.theverge.com/2020/4/20/212282…id-motors-rivian