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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. This agreement provides meaningful, near-term funding that will go directly toward building and delivering vehicles to customers in 2019. Workhorse Group Inc.,

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WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

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Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Inclusive of WiTricity’s acquisition of Qualcomm Halo in early 2019, WiTricity now holds more than 1,000 patents worldwide.

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Lucid CFO resigns ‘to pursue other opportunities’

Teslarati

She will be available to Lucid in an advisory role through December 21, 2023, to assist in the transition of her duties. She was Director, Head of Business & Corporate Finance from 2017 to 2019, and Corporate Development Officer/Director from 2019 to 2022.

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Porsche launches carbon offset program in US

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Following its corporate fleets, PCNA will soon offer Porsche Impact to USA customers who want to reduce the CO 2 footprint of their internal-combustion engines. The available programs are focused on forest protection in the US, hydropower in Vietnam, solar energy in Mexico, and species diversity in Zimbabwe. How much does it cost?

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Robotic Tire Changing Business Goes Bust

The Truth About Cars

RoboTire, which launched in 2019, had stated its intention to speed up vehicle maintenance for auto repair shops, fleet operators and dealerships. million Series A financing round in 2021. However, all assets are assumed to be liquidated in the hopes of settling some corporate debt as this is a Chapter 7 filing.

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SAIC showcases battery-electric Maxus EV80 van range at IAA

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The light commercial vehicle manufacturer, a subsidiary of China’s largest vehicle manufacturer SAIC Motor, is also announcing LeasePlan as its exclusive partner in Europe, as it prepares for its full brand launch in 2019. The fleet division is making the Maxus EV80 available to more than 200 major fleet operators in Europe.

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Biden Administration reports highlight supply chain vulnerabilities for batteries, critical materials

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After a 2019 EU report designating the battery of “strategic interest,” the EU announced a $3.5 LPO will leverage full statutory authority to finance key strategic areas of development and fill deficits in the domestic supply chain capacity. billion R&D fund to increase the industry’s competitiveness.

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