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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.

Financing 259
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Workhorse secures $200M in financing from institutional lenders

Green Car Congress

a provider of cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a note purchase agreement (NPA) under which it will sell $200 million aggregate principal amount of its 4.0% Workhorse Group Inc., Senior Secured Convertible Notes due 2024 to two institutional lenders.

Financing 186
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Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. Akihiro Ueda, CEO, Terra Motors said, “This partnership between Pooja Finelease and Terra Motors will give access to a larger audience and will take care of our North, East and North-Eastern region financing.

Financing 101
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ZeroAvia completes $150M Series C financing, including investments from Airbus and AA

Baua Electric

Hydrogen-electric plane developer ZeroAvia has completed another successful financing round, led by some of its previous investors and some new ones. Source: ZeroAvia ZeroAvia adds more names to its investment rolodex The sustainable aviation company shared details of its extended financing round today.

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Tesla loses Head of Legal who oversaw internal purchasing probe

Teslarati

Searle oversaw an internal purchasing probe during his final days at the company before leaving. Bloomberg , citing three people familiar with the matter, said Searle was relieved by Dinna Eskin, a Deputy General Counsel at Tesla, less than a month ago after the internal purchasing scandal took place.

Legal 100
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Police: Finance supervisor scammed consumers

Baua Electric

A former finance supervisor at an AutoNation dealership in Florida scammed consumers out of just about $180,000 in money they gave him for cars that he by no means produced, police say. The corporate didn’t reply to a request for remark endmost presen. He’s accused of playing away the would-be consumers’ cash.

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CODA reaches preliminary agreement with Essex Credit Corporation to finance CODA EVs

Green Car Congress

CODA Automotive and Essex Credit Corporation, a subsidiary of Bank of the West, have reached a preliminary agreement to provide financing for customers of the 2011 CODA Sedan.

Financing 170