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Iveco Group acquires full control of Nikola Iveco Europe

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announced that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9 May 2023, its subsidiary Iveco S.p.A. Iveco Group N.V.

Europe 395
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Enerkem raises C$15M in project equity financing for its commercial waste-to-biofuels facility in Alberta

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Total financing raised by Enerkem in 2011, both at the corporate and project subsidiary levels, now amounts to C$103 million. Construction of this commercial plant is well underway, which places it among the first full-scale advanced biofuels facilities to be built in North America. Earlier post.)

Financing 218
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Daimler to split into two pure-play companies: cars & vans, trucks & buses

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The Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company. Daimler intends that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders.

Companies 497
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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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LevelTen Energy raises $20.5M in Series B; expanding renewable energy procurement platform

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As part of the financing, Tim Woodward, managing director at Prelude Ventures, will join LevelTen Energy’s board of directors. LevelTen Energy, a Techstars accelerator alum, was founded in 2016 to expand the market for renewable energy by facilitating frictionless clean energy procurement for corporate and other large energy buyers.

Renewable 223
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Toyota Blockchain Lab accelerating blockchain technology initiatives and external collaboration

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Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. TRI-AD), TOYOTA Connected Corporation, and Toyota Motor North America, Inc., and relationship-building with partner companies.

Toyota 286
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ECOtality files for Chapter 11; seeking approval to sell all assets

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The companies have proposed to jointly administer their Chapter 11 cases under the caption In re Electric Transportation Engineering Corporation, dba ECOtality North America, Case No. In connection with the filing, ECOtality and its subsidiaries entered into a Credit and Security Agreement with Nissan North America.