Companies, Electrical and Financing

Workhorse receives purchase order for 500 C-1000 electric delivery trucks from Pritchard Companies

Green Car Congress

NOVEMBER 10, 2020

received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc.

Purchase

Purchase Companies Financing Electric

Direct lithium extraction company EnergyX secures $20M in funding commitments

Green Car Congress

MAY 3, 2021

Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. EnergyX) has secured commitments of $20 million in financing. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. Earlier post.) tons by 2040.

Companies

Companies Lithium Ion Energy Storage 2020

Daimler to split into two pure-play companies: cars & vans, trucks & buses

Green Car Congress

FEBRUARY 4, 2021

Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.

Companies

Companies Mercedes Cars North America

Harley-Davidson to spin-out LiveWire electric motorcycle division as public company via SPAC; $545M in proceeds

Green Car Congress

DECEMBER 14, 2021

ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company. Harley-Davidson and AEA-Bridges Impact Corp.

Electric Motorcycles

Electric Motorcycles Motorcycles Companies Electric

Electric commercial vehicle company SEA Electric raises $42M; partnership with Exro

Green Car Congress

MARCH 14, 2021

SEA Electric Holdings Pty Ltd. recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. SEA Electric was founded in Australia in 2012, with a proprietary electric power-system technology (known as SEA-Drive) for the world’s urban delivery and distribution fleets.

Commercial

Commercial Companies Los Angeles Vehicles

The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

FEBRUARY 22, 2023

Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0%

Carbon

Carbon Companies Kiribati Nauru

AYRO launches low-speed Electric Vaccine Vehicle

Green Car Congress

MARCH 9, 2021

a designer and manufacturer of light-duty, short-haul, and last-mile delivery electric vehicles (EVs), has launched the Electric Vaccine Vehicle (EVV). the world’s largest pure-play automotive fleet manager, will offer sales, financing solutions and vehicle management services throughout the vehicle lifecycle to EVV fleet operators.

Vehicles

Vehicles Legal Electric Electrical

Porsche increases stake in electric sports car company Rimac to 15.5%

Green Car Congress

SEPTEMBER 7, 2019

Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5%. The Croatian company develops and produces electromobility components and also produces electrically powered super sports cars in-house. The company also develops and produces high-performance electric drives and battery systems.

Porsche

Porsche Companies Cars Electric

Porsche takes 10% stake in the electric technology and sports car company Rimac; development partnership

Green Car Congress

JUNE 21, 2018

Porsche AG has taken a 10% stake in the technology and electric sports car company Rimac Automobili. Rimac develops and produces electric vehicle components and manufactures electric super sports cars. As part of its electrification efforts, Porsche is seeking a development partnership with the young company.

Porsche

Porsche Companies Cars MPH

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

Green Car Congress

JANUARY 3, 2019

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

Financing

Financing Purchase Energy Batteries

DFDS orders 100 Volvo electric heavy-duty trucks

Green Car Congress

OCTOBER 6, 2021

Volvo Trucks received an order for 100 Volvo FM Electric trucks from DFDS, Northern Europe’s?largest largest shipping and logistics company. The deal is the largest commercial order to date for Volvo electric trucks, and one of the largest yet for heavy electric trucks worldwide.

Volvo

Volvo North America Electric Electrical

The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

Green Car Congress

JULY 14, 2022

The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., The Metals Company has invested significant resources in its deep-sea environmental baseline program, and in November 2021 the company entered into an agreement with Kongsberg Digital to develop a Digital Twin.

Kiribati

Kiribati Nauru Tonga Companies

Lightning eMotors introduces new generation 4 Lightning Electric Transit Class 3 Van; battery-electric and fuel cell electric variants

Green Car Congress

DECEMBER 17, 2020

Lightning eMotors has announced a new model of its Class 3 Lightning Electric Transit Van. The new, longer-range Lightning Electric Transit Van is the fourth generation of its battery-electric and fuel cell electric platform, based on the Ford Transit 350HD chassis. —Tim Reeser, CEO of Lightning eMotors.

Batteries

Batteries Battery Fuel Electric

ZeroAvia and MONTE strike deal for 100 hydrogen-electric powertrains to enable zero-emission aircraft leasing

Green Car Congress

JUNE 9, 2022

As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations.

Hydrogen

Hydrogen Emissions Financing USA

Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

OCTOBER 1, 2020

The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

Volvo

Volvo Green Luxembourg Cars

BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

OCTOBER 9, 2018

billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). Colin McKerracher, head of advanced transport analysis at BNEF, said that there is a growing amount of money chasing China’s electric vehicle boom.

Clean

Clean Cleaning Companies South Africa

EV charging network builder Volta announces $125M in Series D funding

Green Car Congress

JANUARY 20, 2021

Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. —Scott Mercer, Founder and CEO of Volta.

Charging

Charging Financing Store Porsche

ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

OCTOBER 25, 2022

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam

Vietnam Financing Climate Fleet

V2G company Nuvve participating in California’s wholesale energy markets to help balance the grid

Green Car Congress

SEPTEMBER 20, 2020

Nuvve Corporation, a San Diego-based vehicle-to-grid (V2G) technology company, is participating in a program to deliver resource adequacy to local utility San Diego Gas & Electric (SDG&E) and California’s electrical grid using a large stationary battery located on the University of California San Diego’s (UC San Diego’s) campus microgrid.

Grid

Grid San Diego Market Energy

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

Green Car Congress

NOVEMBER 25, 2019

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. Group14 Technologies will be one of the companies that helps to make electric vehicles widespread and ubiquitous.

Financing

Financing Carbon Li-ion Lithium Ion

AMPLY Power saves up to 40% on energy costs for Tri Delta Transit electric buses

Green Car Congress

APRIL 9, 2020

Charging-as-a-service provider AMPLY Power is managing the charging of electric buses for Eastern Contra Costa Transit Authority, which is operating under the name Tri Delta Transit. AMPLY expects savings to increase as Tri Delta Transit expands its electric bus fleet in the future.

Energy

Energy Power Powered New York City

Xpeng-affiliate UAM company HT Aero raises US$500+ Million in Series A

Green Car Congress

OCTOBER 20, 2021

HT Aero (Huitian), an urban air mobility (UAM) company and an affiliate of XPeng ( earlier post ), entered into a definitive agreement with a consortium of investors to raise more than US$500 million for its Series A capital funding. The funding round is led by IDG Capital, 5Y Capital and XPeng Inc.

Companies

Companies 2013 Financing IDEA

AI vision system company Recogni raises $48.9M Series B

Green Car Congress

FEBRUARY 22, 2021

million in a Series B financing round, led by WRVI Capital, a prominent global technology investor. One of the key challenges that Recogni’s AI-powered platform addresses is the enormous power drain of autonomous vehicle computing systems that can reduce the range of electric cars. Recogni Inc.,

Companies

Companies Financing BMW 2019

Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Green Car Congress

MAY 12, 2020

Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. Hyundai fuel cell bus. In September 2019, Hyundai and Cummins Inc.

Hydrogen

Hydrogen Hyundai Motors Motoring

Renault Trucks to offer an electric range for each market segment from 2023

Green Car Congress

MARCH 24, 2021

Volvo Group’s subsidiary Renault Trucks is pursuing its investment in electric mobility. From 2023, an all-electric Renault Trucks offer will be available for each segment, namely distribution, construction and long distance. Renault Trucks now offers a comprehensive all-electric range, from 3.1 to 26 tonnes. to 26 tonnes.

Range

Range Market Volvo Electric

Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

NOVEMBER 3, 2020

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The combined entity will trade on the NASDAQ exchange under the ticker symbol “RIDE.”.

Motor

Motor Motors Motoring Corporation

Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

NOVEMBER 5, 2021

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing

Financing Ford Cleaning Clean

Iveco Group acquires full control of Nikola Iveco Europe

Green Car Congress

JULY 1, 2023

has acquired the full and sole ownership of the German company resulting from the former joint venture Nikola Iveco Europe, now to be renamed as EVCO (Electric Vehicles COmpany). Iveco Group N.V.

Europe

Europe North America Financing America

BMW Group investing in lithium extraction company Lilac Solutions

Green Car Congress

OCTOBER 7, 2021

The BMW investment was part of Lilac’s just-closed US$150-million Series B financing. New investors in the round in addition to BMW include SK Materials, Presidio Ventures (a Sumitomo Corporation Group Company), MCJ Collective, and Earthshot Ventures.

BMW

BMW Companies Financing Standards

ZeroAvia secures additional $24.3M to launch development of 2MW hydrogen-electric powertrain for regional aircraft

Green Car Congress

APRIL 2, 2021

ZeroAvia is launching the development program for a 2MW hydrogen-electric powertrain for full-size regional aircraft. Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. The program kick-off is supported by a new raise of $24.3

Hydrogen

Hydrogen Commercial Electric Electrical

Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Green Car Congress

JULY 30, 2021

Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 million in new financing. The company’s second-generation magnet will offer a magnetic field strength of 1.5

Minnesota

Minnesota Commercial Clean Cleaning

Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

Green Car Congress

JANUARY 24, 2023

TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.

Fusion

Fusion Power Powered Energy

Baidu’s smart car company JIDU raises nearly $400M in Series A

Green Car Congress

JANUARY 27, 2022

Baidu’s intelligent electric vehicle arm JIDU has closed Series A financing, raising nearly $400 million. This round of financing was backed by Baidu and its strategic partner multinational auto manufacturer Zhejiang Geely Holding Group. Now, in the span of ten months, JIDU has received a new round of financing.

Companies

Companies Financing Cars Concept

MAX & Kofa Partner for TAILG Jidi Electric Motorcycle Financing in Ghana

CleanTechnica EVs

APRIL 19, 2024

Lagos-headquartered MAX describes itself as a technology-enabled company driven by a vision to solve mobility challenges in Africa. continued] The post MAX & Kofa Partner for TAILG Jidi Electric Motorcycle Financing in Ghana appeared first on CleanTechnica. MAX’s website adds. MAX’s website adds.

Ghana

Ghana Electric Motorcycles Cameroon Motorcycles

Air Liquide, Groupe PSA, Schneider Electric, Valeo to produce respirators in response to the French government request

Green Car Congress

APRIL 1, 2020

Faced with the compelling need for more respirators, the French government asked a group of French industrial companies led by Air Liquide to study the possibility of increasing the production of respirators so as to provide 10,000 respirators in 50 days, between the beginning of April and mid-May.

France

France Purchase Supplies Electric

AlphaStruxure and Montgomery County, Maryland, announce integrated microgrid and electric bus charging infrastructure project; EaaS

Green Car Congress

MAY 14, 2021

AlphaStruxure , a provider of Energy as a Service (EaaS) solutions, announced an agreement to deploy an integrated microgrid and electric bus charging infrastructure project for Montgomery County, Maryland. AlphaStruxure is a joint venture between the Carlyle Global Infrastructure Opportunity Fund and Schneider Electric.

Maryland

Maryland Charging USA Fleet

Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries

Green Car Congress

APRIL 3, 2021

Hercules Electric Vehicles—a Detroit-based startup—is opening a $20-million Series A investment round managed by CMD Global Partners, a boutique investment bank. Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022.

Li-ion

Li-ion Batteries Battery Lithium Ion

IVECO BUS wins a tender for 120 electric buses in Italy

Green Car Congress

FEBRUARY 17, 2023

has been awarded a public tender for the supply of 120 E-WAY full electric city buses for Autoguidovie Group, the largest Italian privately owned local public transport company. IVECO BUS, a brand of Iveco Group N.V., Available both in standard and articulated versions (9.5, Available both in standard and articulated versions (9.5,

Italy

Italy Financing Personal Electric

Bank of America introduces residential EV charger financing

Teslarati

FEBRUARY 8, 2023

Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. With the nationwide EV outlook expected to reach 26.4

Financing

Financing America Purchase Charging

TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

Green Car Congress

JULY 22, 2022

In its recently closed Series G-2 financing round, TAE secured $250 million from investors in the energy, technology, and engineering sectors to support the company’s mission to deliver a long-term solution to rapidly growing electricity demand while providing global energy independence and security.

Fusion

Fusion Companies Google Chevron

United and Oxy collaborate with syn-bio company Cemvita to produce SAF from CO2 using microbes

Green Car Congress

APRIL 8, 2022

This includes funding projects such as pilot and demo plants, engineering studies, financing construction and operating SAF plants. United has pursued strategic investments in SAF producers and technologies including carbon capture, hydrogen-electric engines, electric regional aircraft, and urban air mobility.

CO2

CO2 Houston Companies Climate Change

EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

Green Car Congress

JULY 25, 2021

The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. This round included participation by Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue. The financing was led by funds and accounts advised by T.

2019

2019 Financing Ford Price

Infinitum Electric closes $1.8M Series A to bring new electric motor technology to market; increasing R&D for EV applications

Green Car Congress

JANUARY 11, 2019

Infinitum Electric , developer of ultra high-efficiency, durable, lightweight and cost-effective electric motors built with patented printed circuit board (PCB) stator technology and integrated control systems, has closed a $1.8-million million Series A round of financing, led by Cottonwood Technology Fund (CTF).

Motor

Motor Motors Motoring Market

Jing-Jin Electric and Allison Transmission partner to accelerate development of commercial vehicle electrified powertrain solutions for global markets

Green Car Congress

SEPTEMBER 22, 2021

JJE brings more than 10 years of experience in electric motors and power electronics, as well as central- and direct-drive electrified propulsion architectures. Together, the companies will further define product portfolio scope, manufacturing locations and supporting resources to be provided by each party.

Commercial

Commercial Global Market Vehicles

Workhorse receives purchase order for 500 C-1000 electric delivery trucks from Pritchard Companies

Direct lithium extraction company EnergyX secures $20M in funding commitments

Daimler to split into two pure-play companies: cars & vans, trucks & buses

Harley-Davidson to spin-out LiveWire electric motorcycle division as public company via SPAC; $545M in proceeds

Electric commercial vehicle company SEA Electric raises $42M; partnership with Exro

The Metals Company and Low Carbon Royalties form strategic partnership

AYRO launches low-speed Electric Vaccine Vehicle

Porsche increases stake in electric sports car company Rimac to 15.5%

Porsche takes 10% stake in the electric technology and sports car company Rimac; development partnership

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

DFDS orders 100 Volvo electric heavy-duty trucks

The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

Lightning eMotors introduces new generation 4 Lightning Electric Transit Class 3 Van; battery-electric and fuel cell electric variants

ZeroAvia and MONTE strike deal for 100 hydrogen-electric powertrains to enable zero-emission aircraft leasing

Volvo Cars successfully places first green bond, raises €500M

BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

EV charging network builder Volta announces $125M in Series D funding

ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

V2G company Nuvve participating in California’s wholesale energy markets to help balance the grid

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

AMPLY Power saves up to 40% on energy costs for Tri Delta Transit electric buses

Xpeng-affiliate UAM company HT Aero raises US$500+ Million in Series A

AI vision system company Recogni raises $48.9M Series B

Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Renault Trucks to offer an electric range for each market segment from 2023

Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Iveco Group acquires full control of Nikola Iveco Europe

BMW Group investing in lithium extraction company Lilac Solutions

ZeroAvia secures additional $24.3M to launch development of 2MW hydrogen-electric powertrain for regional aircraft

Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

Baidu’s smart car company JIDU raises nearly $400M in Series A

MAX & Kofa Partner for TAILG Jidi Electric Motorcycle Financing in Ghana

Air Liquide, Groupe PSA, Schneider Electric, Valeo to produce respirators in response to the French government request

AlphaStruxure and Montgomery County, Maryland, announce integrated microgrid and electric bus charging infrastructure project; EaaS

Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries

IVECO BUS wins a tender for 120 electric buses in Italy

Bank of America introduces residential EV charger financing

TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

United and Oxy collaborate with syn-bio company Cemvita to produce SAF from CO2 using microbes

EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

Infinitum Electric closes $1.8M Series A to bring new electric motor technology to market; increasing R&D for EV applications

Jing-Jin Electric and Allison Transmission partner to accelerate development of commercial vehicle electrified powertrain solutions for global markets

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