The year 2025 in transportation technology has been a tale of contrasting fortunes, bookended by significant bankruptcies yet marked by remarkable innovation. While the year began with the financial struggles of EV startups Canoo and Nikola, it concludes with two more notable filings: Rad Power Bikes and lidar maker Luminar. However, amidst these challenges, the robotaxi industry has not only emerged but thrived, showcasing rapid advancements in autonomous vehicle technology.
Key Players Face Financial Ruin
The year's end brought somber news for two prominent mobility companies.
