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Fisker Secures $115.3M in Private Equity Funding; Necessary to Access $528.7M DOE Loan

Green Car Congress

The raise comes at a time when capital is scarce, the auto industry is struggling and the global economy is just beginning to rebound. Project NINA is expected to be built in Wilmington, Delaware at a former General Motors assembly plant starting in 2012.

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DOE Closes $465M Loan to Tesla Motors

Green Car Congress

It will help build a customer base and begin laying the foundation for American leadership in the growing electric vehicles industry. This is part of a sustained effort to develop and commercialize technologies that will be broadly deployed throughout the American auto industry. Energy Secretary Steven Chu.

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Fisker files for Chapter 11 bankruptcy protection

Teslarati

The filing was submitted to the District of Delaware on June 17, 2024. Fisker has made incredible progress since our founding, bringing the Ocean SUV to market twice as fast as expected in the auto industry and making good on our promises to deliver the most sustainable vehicle in the world. Fisker Group Inc.

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One way or another, Fisker Automotive may soon be off the market

Green Car Congress

The program backs automotive companies that offer both green energy initiatives, such as increased fuel efficiency, and new auto industry jobs in the United States. The DOE offered Fisker Automotive a $529 million loan in 2009 as part of the department’s Advanced Technology Vehicles Manufacturing (ATVM) loan program. Earlier post.)

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The time has come: Fisker has filed for bankruptcy

Baua Electric

The chapter 11 filing came late Monday night in Delaware, where Fisker is incorporated. today announced that it filed for Chapter 11 protection in the District of Delaware on June 17,2024. After many signals suggesting that it would happen, Fisker has officially filed for bankruptcy.

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False Starts: The Story of Vehicle-to-Grid Power

Cars That Think

In 1997, Willett Kempton , a professor at the University of Delaware, and Steve Letendre , a professor at Green Mountain College, in Vermont, began publishing a series of journal articles that imagined the bidirectional EV as a resource for electricity utilities. And the auto industry had just canceled the battery EV.

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US Transportation Secretary LaHood issues “Blueprint for Ending Distracted Driving”; $2.4M for California, Delaware pilot projects

Green Car Congress

million in federal support for California and Delaware that will expand DOT’s “Phone in One Hand, Ticket in the Other” pilot enforcement campaign to reduce distracted driving. Challenges the auto industry to adopt new and future guidelines for technology to reduce the potential for distraction on devices built or brought into vehicles.

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