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Workhorse secures $200M in financing from institutional lenders

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million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. million outstanding principal amount of those notes for shares of the company’s common stock.

Financing 186
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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. the company paid Imerys approximately CDN$17.8 Sprott invested CDN$3.75 million in cash. million in cash.

Namibia 284
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Bank of America introduces residential EV charger financing

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BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. With the nationwide EV outlook expected to reach 26.4

Financing 145
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Lucid’s record quarterly deliveries boosted by price cuts, incentives

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Lucid Motors set a quarterly record for deliveries in the second quarter, as was boosted by the company’s recent price cuts and incentives for the Air sedan. The company also produced 2,110 vehicles at its AMP-1 factory in Casa Grande, Arizona, dropping by around 3 percent from the same period last year.

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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

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a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. per share and warrant rights with a strike price of $0.65.

Financing 218
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Aemetis RNG production exceeds plan by 20% during Q2 2023

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Aemetis, a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced that its Aemetis Biogas subsidiary is operating the Central Dairy Project production facilities 24 hours per day, seven days per week, and has exceeded the RNG production plan by approximately 20% during Q2 2023.

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Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets

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Niron Magnetics, a developer of high-performance, rare earth-free permanent magnets ( earlier post ), announced that the US Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) has awarded the company a $17.5-million With demand expected to triple by 2035, shortages and price increases are also forecasted.

Grant 345