Eli Electric, the manufacturer of the popular Eli ZERO electric microcar, announced this morning the opening of reservations in the US.
Microcars, often referred to as quadricycles in Europe and Low-Speed Vehicles (LSVs) or Neighborhood Electric Vehicles (NEVs) in the US, are a niche category designed largely for urban travel. Many new automakers in the category have failed to gain traction, often selling mere dozens of units.
But the Eli ZERO has so far proven popular in the markets it has already launched in across Europe and Asia, with hundreds of models already on the streets (did I mention the ‘niche’ thing?).
Now the pint-sized EV maker is bringing the Eli ZERO to the US, opening up $200 refundable deposits to reserve the $11,900 vehicle. Deliveries are expected to begin in Q3 2024, so it looks like reservation holders won’t have to wait very long.
The model heading stateside is an upgraded version designed to meet the National Highway Traffic Safety Administration’s regulations for LSVs, allowing it to be street-legal at the federal level. That permits owners to operate it like a traditional vehicle, but only on roads posted up to 35 mph (56 km/h). In other words, most roads in most cities.
Eli has now boosted its production capacity to 4,000 vehicles per year and will use a dealership model to sell and distribute its ZERO vehicles in the US.
As the company’s founder and CEO Marcus Li explained:
“Our goal is to transform urban trips, empowering riders to reconnect with their communities through compact and agile EVs that allow for a better utilization of urban space, reduced congestion, ease of parking and ultimately an improved quality of life in cities. Introducing the Eli ZERO to the U.S. market, we’re not only riding the wave of an emerging mobility revolution, but also redefining personal vehicles in an innovative way that benefits both traffic and the environment.”
The two-seater vehicle features a rather large battery, at least by LSV standards. The 8 kWh LiFePO4 battery for the European model is rated for up to 60 miles (100 km) of range, but the company announced that the US model will receive an even higher range of 90 miles (145 km), presumably meaning the vehicle will feature a larger battery.
The 3.2 kW on-board charger can recharge the vehicle in under three hours on 240VAC, or under 5 hours on 120VAC.
The top speed is limited to 25 mph (40 km/h) to comply with federal regulations for the vehicle class.
In addition to two fairly traditional car seats, there’s a 160L (5.6 cubic feet) trunk for storage in the rear. That’s not exactly a huge trunk, but it’s not a huge vehicle, either.
The length of the ZERO is just 88 inches, which is actually shorter than the width of a GMC HUMMER EV. Not only could it park nose-in within the same spot a HUMMER parallel parks in, but you could fit nearly four Eli ZEROs in that same parallel parking spot. Or to translate that into something that actually matters to most people, you could park a ZERO in that corner “not a spot” at the local grocery store, daycare, yoga studio, or wherever else driving an SUV would be overkill.
While the Eli ZERO is not technically a car, it still features many car-level features such as heat and A/C, keyless entry and start, power steering, anti-lock brakes, electronic parking brake, rearview camera, radar sensors for parking, tilting sunroof, and an optional Sony infotainment center with CarPlay and Android Auto.
That means that it feels and drives more like a traditional car, at least until you hit the 25 mph speed limiter.
In addition to the current list of features, the company says that ahead of the official launch later this year, it will announce several innovative new features that “will be a first in the LSV industry.”
In my opinion, the proliferation of LSVs in the US can not come soon enough! While there are a few options, they’re still quite limited in number and variety.
These handy vehicles are exactly what this country needs: the antidote for an epidemic of oversized SUVs and ego-extenders. Not only are they more convenient to drive and park in cities than full-size vehicles, but if the old adage about big vehicles being used for “compensation” is true, then there’s no better wingman than rolling up in a tiny car like this.
I actually had a chance to take one of the first rides ever in the Eli Zero before it began sales back in late 2021 while visiting Italy. I was surprised to see just how roomy it felt inside despite the small footprint of the vehicle. I took a more recent test drive the next year along with the company’s founder Marcus Li, who explained to me that it’s the transparent door design that helps create that spacious illusion, removing the cramped feeling that many micro-cars suffer from.
The funny thing here is that I can already tell you what the detractors are going to say: that it’s an overpriced, glorified golf cart. And I can already tell you how hilariously wrong they are. First of all, it’s cheaper than average golf cart these days (if you don’t believe me, do a quick internet search for golf cart dealers in the US and look at the shocking prices). And secondly, this is way nicer than a golf cart, offering features like air conditioning, parking sensors, and keyless entry/starting.
Sure, it’s not going to meet the needs of a family of four taking their kids to a soccer game in the next town over, but it’s not meant to. It’s meant for folks who just need a one or two-seater and live in a city. I’d already have my name on the list if I was in the US more often (it wouldn’t be my first or even my second micro-EV I’ve had in the US). I mean, why not? I’d have all summer to think of a way to justify it to my wife!
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Robinhood has officially closed its $200 million acquisition of Bitstamp, bringing one of the world’s longest-running cryptocurrency exchanges into its fold and signaling a strategic shift beyond retail trading and into the world of institutions.
The all-cash deal, first announced last year, gives Robinhood an immediate international footprint — including more than 50 active crypto licenses across Europe, the UK, and Asia — as well as an established institutional client base, something the retail trading app has long lacked.
For Robinhood, the deal marks a move into deeper waters: institutional crypto flows, lending and staking infrastructure, and white-label “crypto-as-a-service,” products built for hedge funds, fintechs, and registered investment advisors — all of which require robust systems for custody, price discovery, and settlement.
“I wouldn’t call it necessarily a pivot,” Robinhood Crypto General Manager Johann Kerbrat told CNBC. “For us, it’s combining the strengths of the two businesses. We are one of the largest retail marketplaces in the U.S. … They have products that we don’t have, like order books, crypto as a service, advanced API and lending and staking and thanks to that, we will be able to get into this space, not starting from scratch.”
Robinhood, which launched crypto trading in 2018 and helped drive the meme-coin mania of 2021, has in recent months worked to rebrand itself as a serious player in the next phase of digital asset finance — one that’s increasingly defined by regulation, institutional capital, and cross-border competition.
“Now that we’re starting to see the regulatory clarity coming from Congress and the administration, more and more institutions are going to want to get into crypto,” added Kerbrat.
The Bitstamp deal gives it a head start.
Founded in 2011, Bitstamp is known for its deep liquidity, compliant reputation, and minimalist approach. While not flashy, Bitstamp has weathered multiple market cycles and built longstanding relationships with institutional partners across Europe and Asia — something Robinhood plans to leverage.
Earlier this month, Robinhood also acquiredCanadian crypto firm WonderFi to tap into Canada’s established user base.
“Robinhood is a marketplace. We don’t match orders. And with Bitstamp, we will have a robust product offering that will really allow us to build more on the active trader and advanced trader side of things,” Kerbrat said.
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“That’s going to be a big step for us and really diversify our crypto business, not just from retail in the U.S. — to a global offering,” he said.
It also gives Robinhood a regulatory on-ramp to Europe, where crypto rules are clearer compared to the fragmented approach in the U.S.
The company confirmed it will maintain Bitstamp’s existing interfaces and operations for now, while exploring deeper integration over time. Bitstamp is already being used behind the scenes for smart order routing through Robinhood’s institutional web platform, Robinhood Ledger.
“The flow we’re sending to Bitstamp will make Bitstamp more lively — and attract more institutions,” Kerbrat said.
The acquisition closes at a critical moment for Robinhood.
The fintech player has continued to expand aggressively, including listing new tokens, launching staking, and teasing international product rollouts. Bitstamp’s regulatory track record and licensing portfolio may offer a measure of insulation as Robinhood pushes further into new international markets.
Kerbrat didn’t rule out the possibility of other acquisitions.
“If we can find a way to accelerate by at least 18 months or two years — and we have a lot of great reason to believe this is a great acquisition — it’s something that we’ll definitely look at,” he said.
America’s best-selling electric pickup has been hit with a recall. Ford is recalling certain 2024 and 2025 F-150 Lightning electric pickups over a faulty suspension that could cause a loss of control. Here’s how you can get the fix.
Ford is recalling 29,501 F-150 Lightning pickups
After it was outpaced by the Tesla Cybertruck last year, the Lightning reclaimed its title as the best-selling electric pickup in the US in the first quarter.
A letter sent to the National Highway Traffic Safety Administration (NHTSA) last week shows Ford is now recalling 29,501 F-150 Lightning electric pickups.
The recall impacts 20,528 2024 and 8,973 2025 model years. In the letter, Ford stated that certain Lightning models may have an improperly torqued nut on the ball joint of the front upper control arm. Due to this, the arm can separate from the knuckle assembly, causing the driver to lose control of the vehicle.
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Ford estimates only 1% of the vehicles recalled have the defect. If you hear a “clunk or rattle noise” while the suspension moves, it could be that the ball joint is loose or missing.
2025 Ford F-150 Lightning (Source: Ford)
As of May 16, the company is only aware of one incident related to the issue. In early March, a 2024 Ford F-150 Lightning was towed to a dealership after a customer reported that the front wheel had failed while driving.
After an investigation, Ford is recalling F-150 Lightning pickups produced between February 14, 2024, and April 14, 2025.
2024 Ford F-150 Lightning Flash (Source: Ford)
Owners will be notified by mail to take their vehicle to a dealer for inspection. If the unit fails, dealers will replace the knuckle and nut, free of charge.
Notification letters are expected to be mailed out on June 9. If you have any questions, you can contact Ford’s customer service at 1-866-436-7332. Ford’s recall number is 24S76.
You can also call the NHTSA hotline at 1-888-327-4236 or visit the NHTSA website here. The NHTSA recall number is 24V949.
2025 Ford F-150 Lightning trim
Starting Price
Range (EPA-est miles)
XLT
$62,995
240
Flash
$67,995
320
Lariat
$76,995
320
Platinum
$84,995
300
Platinum Black
$92,995
300
2025 Ford F-150 Lightning prices and range by trim
Despite adding several new charging features, an improved BlueCruise, and a new “Dark Elements” design package, the 2025 Ford F-150 Lightning still starts at $62,995 with a 240-mile range.
Upgrading to the Flash trim, which features 320 miles of range, a 15.5″ touchscreen, added technology, and more, costs $67,995.
The 2025 Ford F-150 Lightning XLT is listed for lease at just $379 per month (24 months) right now. Ready to try the electric pickup for yourself? You can use our link to find offers on the F-150 Lightning at a dealer near you today.
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