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ClearFlame Engine Technologies raises $30M in Series B

Green Car Congress

New investors, including mining corporation Rio Tinto, and WIND Ventures, the strategic venture arm of Copec, one of Latin America's leading mobility and energy companies, see ClearFlame as part of a holistic suite of strategies to advance environmental, social and governance (ESG) goals. Series A funding propelled us from patent to pilot.

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

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Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. Adoption of this technology results not only in true zero-emission flight but also in lower fuel and maintenance costs. The program kick-off is supported by a new raise of $24.3

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Car leasing market to cross 1 lakh units per annum in 3 years, says Mohammed Turra of Quicklyz | Autocar Professional

Baua Electric

Quiklyz, the leasing arm of Mahindra Finance expects the vehicle leasing market to grow at double the pace of car sales growth and cross the 1 lakh units mark in the coming three years. Corporations are increasingly preferring to lease vehicles over acquiring vehicles and put it on their balance sheet.

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Hyundai Motor Group deepens partnership with Grab to accelerate EV adoption in Southeast Asia

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The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety. Hyundai Motor Group and Grab Holdings Inc.

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Honda to provide $13.8M to FirstElement Fuel to support build out of California hydrogen refueling infrastructure

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Additional state grants, combined with the Honda financing, could enable FirstElement to add at least 12 stations to its California hydrogen network. In May, Toyota Motor Sales (TMS) and its affiliate Toyota Motor Credit Corporation (TMCC) entered into a group of financial agreements with FirstElement Fuel Inc. (FE) Earlier post.).

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CalSEED awards $4.2M to early-stage clean energy innovations

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The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each.

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Has Nikola’s Founder’s Fraudulent Activity Changed the EV Conversation?

Clean Fleet Report

The company gathered support from industry veterans, showed off concept vehicles, gathered provisional purchase orders, cut deals with companies as large as General Motors , and went public via a special purpose acquisition company (SPAC) in mid-2020. Uncovering Nikola’s Lies. Trevor Milton (in 2017, image from Wikipedia).