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Group14 closes $18M in financing to scale-up silicon-carbon composite anode material

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Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. The new funds will be used to scale-up manufacturing of a next-generation silicon-carbon composite anode material and advance into commercial production.

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Biomass-to-sugar company Comet Biorefining completes new round of equity financing

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Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing.

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Global Bioenergies obtains €4.4M loan to complete financing of demo plant, begins construction

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Global Bioenergies, a startup developing and commercializing a fermentation process that targets gaseous isobutene, has obtained a €4.4-million million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. million (US$4.7-million)

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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The US Department of Energy (DOE) will award some $118 million in funding for 17 projects to accelerate the production of sustainable biofuels. Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment.

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Daimler to invest around $457M in the commercial vehicle plants in Brazil over next two years

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Daimler Trucks plans to invest around one billion Brazilian real ($US457 million) in the commercial vehicle plants of Mercedes-Benz do Brasil in the next two years. This financing is part of an extensive investment project of Mercedes-Benz do Brasil, equipped with a total budget of around 2.5 billion Brazilian real (US$1.14

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NOHMs raises $5M for commercializing non-flammable, ionic-liquid containing electrolytes for EV batteries

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NOHMs), a Cornell University spin-out founded in 2010, raised $5 million in Series B venture capital financing to commercialize its non-flammable electric vehicle (EV) battery electrolyte technology. The two electrolyte product lines currently under development for electric vehicle (EV) batteries are: NanoLyte Electrolyte: SF Series.

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Joby Aviation secures $100M in Series B for electric VTOL; Intel, EDBI, JetBlue and Toyota

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Venture-backed startup Joby Aviation has secured $100 million in Series B financing to take its all-electric vertical take-off and landing (eVTOL) passenger aircraft into pre-production and certification. The company is now focused on developing a commercial version of that design, and preparing that vehicle for certification.

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