Squad Mobility, A Fleet Of Shared Solar City Cars — This Changes Everything
Sometimes good things come in small packages. Today that is especially true, as the package isn’t square, its “Squad, World’s First Solar City Car.” Wordplay aside, Squad Mobility is a startup in the Netherlands whose product might actually be the ultimate solution to the first/last-mile transportation issue. In our opinion, if successful, it could change the world.
What they have created is a small, affordable, low-speed car that dwarfs even a Smart car, yet can still seat 2 people and store maybe a grocery bag or two. At all times, this vehicle is charged by the solar panel that it’s roof is composed of, and when that doesn’t cut it and the juice runs low, the battery can just be swapped out. In some ways, we have seen similar strategies from electric scooter manufacturers like Gogoro which can be either purchased by individual consumers or shared by smart mobility networks. However, thus far we have not yet seen a successful implementation of this in a vehicle that has a roof.
There are so many applications for this in cities, towns, and even villages worldwide. For private owners seeking to do some basic grocery shopping, even the 20km of range that the solar panel can generate per day will suffice. For a shared network, giving a car that already gets 100km of range from its battery an additional 20km of range per day without having to burden the electrical grid or worry about the logistics of charging shared cars is actually quite significant. As Robert Hoevers, CEO of Squad Mobility, put it: “cities love solar charging, as this is a sustainable energy source. It decreases the load on the local charging infrastructure and energy demand. Cities are looking for zero emission mobility solutions with a small space footprint. We have achieved both. A per capita energy consumption lower than public transport and a space footprint comparable to a bicycle. And all this, while offering the flexibility of personal transport and the comfort of a car.”
At a starting price of just €5750, this car costs half as much as the cheapest A-segment car and one-fourth the cost of the two cheapest electric vehicles on the market, the Smart or VW e-up! We have seen electric scooters that were sold for this price, so it is very impressive. For those not interested in an outright purchase, lease and subscription options will also be made available for 100 euros per month. Pre-orders are now available on Squad’s website.
With a footprint of just 2 square meters, 3 or even 4 Squad solar cars can fit in just a single parking spot, making implementation in city infrastructure much easier. The vehicle itself will initially be limited to 45 km/h (28 mph) and a more powerful version that can reach 70 km/h (43 mph) will be launched at a later date. However, that isn’t the only improvement Squad Mobility has in store for its product. The vehicle will already be equipped with smart sensors and cameras that can monitor everything from cabin cleanliness to how a car is parked. Fleet operators will even be able to remotely control the car in case it is improperly parked or blocking an exit. They hope that once self-driving technology will be more commonplace, they will be able to add that to their product as well. In the words of the creators, “In the longer term, we envision the use of autonomous technology to control the fleet in the city — for example, to move vehicles back to places with high demand or more sunshine for charging.”
While autonomy might still be a ways off, production should start in the last quarter of 2022 in the EU, especially since in March they finished up an investment agreement with Bloomit Ventures. Once made, the product will likely sell like hot cakes, as this is a product category that does not yet exist, yet offers functionality that is very much in demand and does so for unbelievably low prices. Years ago when electric cars were not all that great, as an insult they have sometimes been called glorified golf carts. It is ironic that this product in some ways has taken that insult and turned it into a price advantage. This might not be a serious electric car alternative for consumers, instead it may be the best solution to city mobility and how most people will choose to travel the first/last leg of regular trips. While we can’t say too much, you can expect an even more serious milestone before the end of this year, so keep an eye out for Squad Mobility.
Note: We also wrote about Squad’s plans in December 2019: Squad Mobility Redefines Affordable With Its $6,300 Solar-Powered Urban Electric Vehicle.
Rivian founder and CEO RJ Scaringe has posted another interesting facet into the design of the American automaker’s upcoming R2 BEVs. As you’ll see below, the Rivian R2’s body harness has been significantly reduced in size, weight, and connections to enable lower assembly costs and an overall more environmentally friendly build.
If you’re not following RJ Scaringe on social media, you’re missing out. While some CEOs shy away from social media (aside from the guy who bought Twitter to create his own toxic echo chamber), Rivian’s founder has used such platforms to share interesting company progress.
In the past month, much of Scaringe’s content has pertained to the design and development of Rivian’s upcoming R2 model, and we have been all about it. In the past two weeks, RJ has shared a peek at the company’s new Maximus drive unit and photos of the R2 validation builds on a pilot line at the automaker’s facility in Normal, Illinois.
Last week, Scaringe took to Instagram and X once again to share a better look at the inner workings of the Maximus drive unit. The unit was designed to be more compact and efficiently built to help reduce the cost-per-unit production for the Rivian R2 assembly process.
Today, RJ posted more evidence of how much more optimized components of the R2 design will be.
The body harness design of the R2 is significantly simpler
RJ posted the comparison image above to Instagram this afternoon, detailing just how much more streamlined the R2’s body harness design will be compared to the Gen 2 R1 BEVs. The Rivian CEO elaborated with the following caption:
The R2 harness improves massively over the R1 Gen 2 harness. Building on the backbone of our network architecture and zonal ECUs, we focused on ease of install in the plant and overall simplification through integrated design — less wires, less clips and far fewer splices!
Simplified indeed, this reimagined body harness cuts serious weight and connectors. The front section of the body harness, in particular, truly encapsulates just how streamlined the R2’s design components are becoming. A body harness pic may not be the most exciting news to the general public, but as a BEV enthusiast on the Rivian beat, it’s amazing to see, and we hope RJ will continue to post updates like this going forward.
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JPMorgan Chase CEO Jamie Dimon delivers a speech during the Global Markets Conference, ahead of the Choose France summit, in Paris, on May 15, 2025.
Michel Euler | Afp | Getty Images
JPMorgan Chase is finally allowing clients to buy bitcoin. But CEO Jamie Dimon is still a skeptic.
“We are going to allow you to buy it,” Dimon said at the bank’s annual investor day on Monday. “We’re not going to custody it. We’re going to put it in statements for clients.”
The decision marks a notable step for the largest U.S. bank, particularly due to Dimon’s history of criticizing the digital currency and the crypto market broadly, and is the latest sign of bitcoin’s entry into mainstream investing. Since August, Morgan Stanley has allowed its financial advisors to pitch some spot bitcoin exchange-traded funds to qualifying clients.
Dimon made it clear that his personal view of bitcoin remains unchanged, highlighting issues like money laundering and the lack of clarity surrounding ownership, along with “the sex trafficking, the terrorism.”
“I don’t think you should smoke, but I defend your right to smoke,” Dimon said. “I defend your right to buy bitcoin.”
A JPMorgan spokesperson declined to elaborate on the bank’s specific plans for bitcoin access. Until now, the company has limited its crypto exposure primarily to futures-based products, not direct ownership of bitcoin.
When crypto valuations were soaring in 2021, Dimon dismissed bitcoin as “worthless.” He told lawmakers during a Senate hearing in late 2023 that he’s “always been deeply opposed to crypto, bitcoin, etc.,” and that, “The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance.” He said at the hearing that, “If I was the government, I’d close it down.”
At the 2024 World Economic Forum in Davos, Dimon said, “Bitcoin does nothing. I call it the pet rock.” He added that, “This is the last time I’m talking about the with CNBC, so help me God.”
Morgan Stanley CEO Ted Pick told CNBC at this year’s event in Davos that the investment bank is exploring ways to deepen its involvement in cryptocurrency markets, navigating the regulatory landscape under the pro-crypto administration of President Donald Trump.
Since President Trump took office in January, the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency have rescinded their anti-crypto guidance. While banks can now custody crypto, thanks to the repeal of an accounting rule called SAB 121, they still face restrictions on working directly with crypto firms without explicit approval from the Federal Reserve.
Genesis is preparing to introduce its new flagship EV, the GV90. The brand’s largest, most luxurious electric SUV already looks stunning. The Genesis GV90 was spotted with less camo ahead of its debut, giving us a sneak peek of the “ultra-luxe” EV.
Genesis GV90 EV sheds camo during testing
We got our first look at the flagship Genesis model last March with the Neolun concept, a preview of its first full-size electric SUV.
Inspired by Korea’s iconic moon-shaped porcelain jars, the Neolun Concept is “the epitome of timeless design and sophisticated craftsmanship,” according to the luxury brand’s creative officer, Luc Donckerwolke. Genesis calls it “the ultra-luxe vision of luxury SUVs.”
The GV90 is not just a stunning-looking vehicle. It will also serve as a tech beacon for Genesis with Hyundai Motor’s most advanced software and tech, including a massive 24.6″ infotainment.
This is all great, but the feature that caught the most attention was GV90’s coach doors. Ahead of its debut, we’ve seen the GV90 out in the wild for testing a few times, including with coach doors.
Genesis claims B-pillarless coach doors are now feasible in production vehicles, hinting they will be offered on the production model. However, the feature is expected to only be offered on higher-priced trims.
Most recently, the Genesis GV90 EV was caught by the folks at SH Proshots testing at the Nürburgring with notably less camo. The new images (via TheKoreanCarBlog) give us our best look at the flagship electric SUV, and it already looks like a stunner.
A few design elements, like the two-line LED headlamps, are shown, while you can see a good outline of the vehicle’s profile.
Like the concept, the GV90 appears to retain its minimalistic design shown in the Neolun concept. With an extended wheelbase, you can clearly see the size difference compared to its other EVs, like the GV60 or Electrified GV70.
The full-size electric SUV is expected to be the first Hyundai Motor model to ride on the new eM platform, which is set to replace the current E-GMP underpinning current Kia, Hyundai, and Genesis EVs.
Although production was slated to begin later this year at Hyundai’s Ulsan plant in South Korea, a recent report from The Korea Economic Daily claims Hyundai’s new development plan now calls for it to begin in June 2026.
Prices and final specs will be revealed closer to launch, but the GV90 is expected to start at around 100 million won ($80,000) in Korea. More premium trims could cost over 200 million won ($160,000).
Source: TheKoreanCarBlog, SH Proshots
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