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Si anode company LeydenJar secures €30M EU backing for silicon anode foil factory

Green Car Congress

The company will invest €60 million in the construction of its first production facility, called “Plant One”, of which €30 million comes from a European Investment Bank (EIB) loan facility. The rest of the financing comes from LeydenJar’s client projects, earlier committed grants and the Series A investment round in 2021.

Companies 231
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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

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. As a first tangible step towards its 2040 vision the company aims to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025.

Volvo 514
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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. This help to show that BMW is more of a bank than a car company.

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Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

The bond matures on 31 May 2028, pays a fixed coupon of 4.25%, equivalent to 291 basis points above mid-swap, and will be listed on the Luxembourg Stock Exchange. The successful placement shows that there is still a demand for sustainable investment opportunities, the company said.

Volvo 329
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Energy Crop Company Ceres Completes New Round of Financing

Green Car Congress

Energy crop company Ceres, Inc. The proceeds will be used, in part, to expand the company’s research and commercialization activities in the advanced biofuels and biomass-to-power markets. The company also grew its international presence, and is deploying its seeds and technology in Brazil.

Financing 186
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Zero Carbon Lithium company Vulcan acquires geothermal plant; brine offtake agreement with geox

Green Car Congress

In addition to the acquisition of Insheim, Vulcan Energy has executed a 20-year brine offtake agreement with geox GmbH, the operational Landau geothermal renewable energy plant in the Upper Rhine Valley owned by the IKAV Group, a Luxembourg-based renewable energy fund manager and operator.

Carbon 243
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Daimler Financial Services acquires PayCash Europe SA; launching “Mercedes pay” e-payment system

Green Car Congress

In 2016, Daimler Financial Services AG had more than four million financed vehicles in its portfolio for the first time in the company’s history. The company plans to use the new payment system to facilitate these and other financing transactions in the future. Our philosophy is to provide mobility at your fingertips.

Mercedes 150