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

Green Car Congress

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. The terms of this note include conversion features at $0.55

Financing 218
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Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

Green Car Congress

The company anticipates entry into commercial service in 2025 with a certified retrofit conversion kit for existing ATR 72 and De Havilland Canada Dash-8 regional airliners and a green hydrogen fuel services offering. Full-scale prototype of Universal Hydrogen's gaseous hydrogen module, with one capsule removed.

Hydrogen 397
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TEMO’s easy-to-install electric outboard motors make DIY e-boats simple

Baua Electric

The proliferation of e-bikes started with easy-to-install conversion kits that allowed riders to take their existing bicycle and convert it into an electric bike. The company aims to “add three new power units to its catalog by 2027, so that the entire fleet of small sailing yachts and recreational craft can be powered electrically.”

DIY 97
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US Senators Introduce Bill to Expand Incentives for Natural Gas Vehicles

Green Car Congress

Includes conversions and repowers. The bill includes a “Sense of the Senate” provision that the Environmental Protection Agency should streamline the process for certification of natural gas vehicle retrofit kits. Allows state and local governmental entities to issue tax exempt bonds in order to finance natural gas vehicle projects.

Gas 170
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Roev reveals fleet interest in 2023 electric Toyota HiLux and Ford Ranger, plans SUVs as well

EV Central

Australian EV startup Roev says more than 30 large fleets have lodged expressions of interest in the electric Toyota HiLux and Ford Ranger utes it intends to start manufacturing in the first half of 2023. So the more fleets that sign up now the better says CEO and co-founder Noah Wasmer. The utes will be sold to fleet buyers only.

Fleet 52
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Solar Powered Greenius Producing Massive South Bay Energy

Creative Greenius

We’ve now got some Mo going with: California solar loan financing that will eliminate the big up front cost of solar. SOLAR FINANCING – WHO GETS IT AND WHO DOESN’T. The loans are financed through the sale of assessment district bonds. Plug In Conversions Corp. It’s a slam dunk.

Solar 170