https://techcrunch.com/2020/02/05/porsche-na-ceo-klaus-zellmer-is-coming-to-tc-sessions-mobility/

The name Porsche has been synonymous with gas-powered high performance sports cars and racing for nearly three quarters of a century. Now, the sports car manufacturer that is owned by Volkswagen Group, is trying to build a new legacy starting with its first all-electric vehicle, the Porsche Taycan.

Porsche has said that the Taycan, which was first unveiled in September, is just the beginning. It has committed to invest more than $6 billion into electric mobility through 2025 — a goal that is already well underway. Porsche spent more than $1 billion developing the Taycan, a cost that included expanding its factory. The company is investing in tech too, including an increased stake Croatian electric vehicle components and hypercar company Rimac Automobili. Its venture arm took a minority stake in TriEye, an Israeli startup that’s working on a sensor technology to help vehicle driver-assistance and self-driving systems see better in poor weather conditions like dust, fog and rain.