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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.
In moving forward on that, Fields said, Ford will focus on five key areas of innovation: mobility, autonomy, connectivity, customer experience and performance. Our vision for connectivity, it’s all about helping people stay connected. Our vision for connectivity, it’s all about helping people stay connected.
Michigan Governor Gretchen Whitmer announced an initiative to develop a first-of-its-kind corridor for connected and autonomous vehicles (CAV) designed to improve transportation for communities in Southeast Michigan. This includes leading test tracks, universities, automotive companies, and key economic anchors.
Ltd (JingJu) aims to combine the two companies’ strengths in new energy fleet operation and AI transportation solutions to develop next-generation connected-car systems. Public transportation data resources and DiDi analytics are now connected. BAIC-Xiaoju New Energy Auto Technology Co. Xiaoju Automobile Solutions?XAS?was
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
The acquisition significantly enhances ON Semiconductor’s connectivity portfolio and expertise in power management and Bluetooth technologies with the addition of Quantenna’s Wi-Fi technology and software capabilities. The transaction is not subject to a financing condition. —Keith Jackson, president and CEO of ON Semiconductor.
Tesla and Origence, which describes itself as the leading credit union technology company in the United States, have announced a partnership that will allow the automaker to offer car buyers financing through a credit union when ordering a vehicle through the company’s website. I’d love to chat!
EV Connect, a provider of electric vehicle (EV) charging solutions, announced the first “EV Charging-as-a-Service” or “EV CaaS”, to cut up-front costs and simplify the process for purchasing and installing EV charging station infrastructure by turning the purchase decision from a capital expenditure to an operating expense.
From Lingen (Emsland) to Gelsenkirchen and from the Dutch border to Salzgitter, production, transport, storage and industrial acceptance of green hydrogen are to be connected in several steps between 2024 and 2030 under the umbrella of the overall project. The IPCEI program can finance the network construction in part.
The immediate proximity of the sites allows optimum transport connections to the steelworks: The project includes the construction of two new pipelines to transport hydrogen and oxygen from Walsum to the steel mill less than three kilometers away. Arnd Köfler, Chief Technology Officer at thyssenkrupp Steel.
The four ride modes accommodate a wide range of experience and comfort levels, and the removable battery platform allows the rider to power up and stay connected on the go. The District is on sale now, starting at $7020 after a 10% EV tax credit, with financing available. —Scott Colosimo.
The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. The financing was led by funds and accounts advised by T. EV developer Rivian has closed a $2.5-billion billion private funding round. Rowe Price Associates, Inc. Rowe Price Associates, Inc.
FUREC is preparing the necessary grid connections to the hydrogen and CO 2 infrastructure. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS).
It will be the first in its segment to offer best-in-class connected features as standard across all trims, that are usually offered in more premium cars. In addition to the above, customers will also enjoy an 8-speaker Harman Infotainment System with Android Auto and Apple Car Play connectivity.
Cummins intends to finance the transaction using a combination of cash on the company’s balance sheet and debt and remains committed to maintaining its strong credit ratings.
According to the Fiscal Impact Statement prepared by the Finance Division of the City Council, there are approximately 10,700 school buses City-wide, of which the City manages approximately 960 in partnership with the NYC School Bus Umbrella Corporation (NYCSBUS). billion through Fiscal 2035, or $310.9
Blockchain is expected to be a fundamental technology that supports connecting people and businesses more openly, in a manner that provides safety and security. The progress of the Internet of Things (IoT) has connected various things and services through information and brought greater convenience and efficiency.
The silicon nanowire structure includes a metallically conductive nanowire core, metallurgically connected to the current collector. Each silicon wire is directly connected and does not need to rely on particle-to-particle contacts for conductivity; the silicon material remains in electrical contact over the entire cycle life of the cell.
The advantage is that fast-charging infrastructure can be built nearly anywhere, even if in places with a low-capacity grid connection. This automotive power bank could be used wherever the capacity of the grid connection is too low but there is demand for powerful charging infrastructure. 4 and have now been given a second purpose.
Tesla’s all-electric ‘Giga Train’ in Germany takes first trip The new bus line started operation today, on Monday, and connects Fürstenwalde, Hangelsberg, the Tesla factory in Grünheide, and Erkner all together. The post Tesla-financed bus line takes first trip for Giga Berlin employees appeared first on TESLARATI.
The financing was led by funds and accounts advised by T. Rivian has developed and vertically integrated a connected electric platform that can be flexibly applied to a range of applications including the company’s adventure products as well as B2B products such as the Amazon last-mile delivery vans. Rowe Price Associates, Inc.
The scope of the project includes a three-stage GTL process unit, utilities and offsites, and connecting pipeline and rail. Uzbekistan started forming a banking consortium to finance the plant construction in September 2013.
In step two, a 20 MWh battery pack will be connected to the propellers; Stena Jutlandica will be able to be operated on electricity within around 10 nautical miles, equal to the distance between Göteborg and Vinga Lighthouse. The first phase of the project is supported and financed by half by the Swedish Transport Administration and the EU.
To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed. Following this, it will be expanded to include the Amsterdam – Rotterdam – Antwerp corridor, making a connection to Nijmegen. The project will initially be employed along the Zoeterwoude – Alpherium – Moerdijk corridor.
Awarded last year, the project consortium, “Greening European Transportation Infrastructure for Electric Vehicles,” is the first decarbonization infrastructure project co-financed by the European Union’s TEN-T program. Better Place has raised more than $750 million of equity financing to date. million miles). million miles).
Specifically, Ford is: Accelerating the introduction of connected, smart vehicles and services customers want and value. By 2019, 100% of Ford’s new US vehicles will be built with connectivity. The company has similarly aggressive plans for China and other markets, as 90% of Ford’s new global vehicles will feature connectivity by 2020.
Schneider Electric, in collaboration with ChargePoint, introduced Schneider Electric’s new EVlink cloud connected charging stations with the ChargePoint network. This new offer includes hardware, software, ChargePoint connectivity and advanced services such as installation, deployment planning, project management and ongoing maintenance.
It is made up of 36 such cells that are connected to form a continuous electrical circuit. The material that connects the cells consists of a glass-ceramic which, as the name suggests, is a composite of both glass and ceramic materials, such as porcelain.This material is then mixed with an electrically conductive metal powder.
million Series A round of financing, led by Cottonwood Technology Fund (CTF). million in funding, and plans to leverage the new financing to launch an HVAC-specific, fully-integrated motor. The continuous coil design limits internal connections and increases life expectancy. To date, Infinitum has received a total of $2.7
XL, a provider of connected vehicle electrification solutions for commercial, utility and municipal fleets, will unveil a plug-in hybrid electric version of the popular Ford F-250 pickup truck at the NTEA Work Truck show, 5-8 March in Indianapolis. Earlier post.).
The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.
AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. AlphaStruxure will operate the project via a cloud-connected Network Operations Center providing 24/7/365 operations, monitoring and optimization of energy performance.
In connection with the filing, ECOtality and its subsidiaries entered into a Credit and Security Agreement with Nissan North America. ECOtality previously executed several EV Pilot Program Master Agreements under which the it installed Level 2 chargers and DC Fast Chargers in connection with the EV Project with the Department of Energy.
The main purpose of the project co-financed by the EU is to reduce pollutant emissions in the centre of the city. Due to fitting the vehicles with batteries they will be able to cover a certain distance of the route without a connection to the traction line. The models ordered by Brasov will be equipped with a 240 kW electric motor.
In the meantime, trucking gas from the North Slope is the best alternative—with the added benefit of preparing communities for an eventual connection to a pipeline. —Gov.
Strategy Analytics’ Automotive Connected Mobility service released its H1 2021 Global Ride-Hailing Market Update and its associated Global Ride-Hailing Forecast , tracking more than 140 unique operators across 119 different countries. Lanctot, director of the Automotive Connected Mobility service at Strategy Analytics. —Roger C.
The canal, which will connect the Black Sea with the Sea of Marmara—and thence to the Aegean and Mediterranean seas—is aimed to manage the ship traffic of Istanbul and to raise Turkey to a leading position in the world’s trade corridors.
The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing. When activated, the standard 4G LTE modem unlocks a number of seamless connectivity services to help fleets optimize efficiency and lower operating costs.
Since the founding of XPENG, we have been developing full-stack technologies from EV platform to connectivity and ADAS software in house. Together with XPENG, we aim to put two additional fully connected electric vehicles on the road from early 2026 onwards, thus opening up new customer groups for the VW brand.
million residents, visitors and employees use ART to connect with local destinations and the ARTIC regional transportation center as part of the citywide #ElectrifyAnaheim program. Each year more than 9.5
For customers who want faster home charging for their Mustang Mach-E or who want connected features, the Ford Connected Charge Station home wallbox will be available for purchase, with prices starting at $799 MSRP, excluding taxes.
Surf Air Mobility’s hybrid electric system for the Cessna Grand Caravan is anticipated to be available as early as 2024, and is intended to expand Surf Air Mobility’s regional flight network, connecting more airports with short haul direct service across the U.S. Surf Air Mobility Inc., a Textron company.
The fully interoperable DC fast chargers, designed and built by ABB, are equipped with around-the-clock connectivity to enable comprehensive remote services and compatibility with every individual fleet charging system.
Gentherm, a developer of innovative thermal management technologies, is the lead investor in a seed round of financing in Carrar , an Israel-based technology developer of advanced thermal management systems for the electric mobility market.
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