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For 2021, Toyota has fully rebooted the Mirai, originally offered in 2016, as a premium rear-wheel drive sports-luxury fuel cell electric vehicle (FCEV) with striking design, cutting-edge technology, more engaging driving performance and a significantly longer EPA-estimated range rating. Additional TSS 2.5+
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
The proprietary modular capsule technology is significantly lighter than the current state of the art in hydrogen storage and is designed from first principles for flight and ground transport safety certification. Full-scale prototype of Universal Hydrogen's gaseous hydrogen module, with one capsule removed.
Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. Unlike competing technologies, Group14’s materials are designed for low cost and “drop in” compatibility with existing lithium-ion battery production.
The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.
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.,
There was also a strong interest in financing options: Of the respondents interested in electric cars, 66% of the German and 65% of the American study participants stated that they would purchase the vehicle via a financial product (financing, leasing or car subscription). This is followed by subscription (32%) and leasing (26%).
The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.
Designed and manufactured in the United States, Proterra’s electric transit buses are equipped with the company’s own battery technology systems. Pace is the transportation backbone of Chicago’s suburbs and one of the largest public bus service operators in North America, serving an area nearly the size of the state of Connecticut.
million) Series A financing round. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing. Leveraging the funding, OXCCU plans to accelerate its path to market by scaling its catalytic approach to convert hydrogen and carbon dioxide into SAF and other sustainable fuels.
a designer and manufacturer of light-duty, short-haul, and last-mile delivery electric vehicles (EVs), has launched the Electric Vaccine Vehicle (EVV). The electric vehicle features medical-grade equipment and a made-to-order design by AYRO and mobile cart’s leader Gallery, expanding on the companies’ existing food service vehicle models.
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations.
According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.
In the strategic partnership, PACCAR provides autonomous-enabled vehicles as well as aftermarket parts distribution, finance and other transportation solutions. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.
announced that commercial development work has commenced for the first phase of key design and engineering of next-generation vanadium redox flow-battery systems (VRFB Battery) for marine propulsion applications. VanadiumCorp Resource Inc.
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
Following on the heels of the all-electric E-Transit that began production in March this year—the first of four further all-electric commercial vehicles Ford Pro will introduce by 2024—the E-Transit Custom is designed to set a new benchmark in Europe’s one-tonne van segment.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. The report was formally handed over to partners on 20 December. Pilot projects need to show successful green hydrogen generation, storage, distribution and use at both demonstration and commercial scale.
Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. The Workhorse C-1000 all-electric truck offers a lightweight design, creating maximum range from modular battery packs. Workhorse Group Inc.
Following completion of the scoping study, the company intends to construct a demonstration scale beneficiation and hydrometallurgical plant in order to refine further the metallurgical extraction process, which will ultimately inform the design of a commercial production plant.
—“State of Finance for Nature”. trillion finance gap between now and 2050, by “building back more sustainably”, by repurposing agricultural and fossil fuel subsidies and by creating economic and regulatory incentives. The report calls for coupling investments in restoration action with financing conservation measures.
million in new financing. Niron will begin sampling in limited quantity to selected partners, who can collaborate closely with Niron to design the magnets into suitable high-volume applications. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 Background.
Founder and CEO Scott Colosimo was inspired to delve into the EV industry after his success as the founder of Cleveland CycleWerks, a motorcycle design and manufacturing company. The District is on sale now, starting at $7020 after a 10% EV tax credit, with financing available. —Scott Colosimo.
Tesla has started promoting a 1.99% APR financing offer for the Model 3 and Model Y in the United States. The incentive seems designed to encourage potential buyers to take delivery of a new Tesla by the end of the third quarter of 2024. The offer is not available on the base Model 3 RWD, which is financed with a 5.99% APR.
The technology, invented by scientists at the University of Wollongong, is now being commercialized by Hysata , with backing from IP Group and the Clean Energy Finance Corporation (CEFC). Gerry Swiegers, Chief Technology Officer at Hysata, says said the overall design of the Hysata electrolyser system is simpler than existing technologies.
As a result, advanced economies have lost market leadership, as 27 out of 31 reactors that started construction since 2017 are Russian or Chinese designs. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies. —IEA Executive Director Fatih Birol.
Lordstown Motors will use the site to build the Endurance, its flagship fully-electric full-size pickup truck designed specifically to serve the commercial fleet market. The design significantly increases reliability, maximizes performance, and reduces total cost of ownership.
The parties will form a working group to develop terms of reference for the LNG icebreaker design and construction, select a shipyard, and consider financing options. By mid-2022, the working group is expected to prepare a draft contract for the vessel design and construction.
AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. The project is designed to deliver benefits and outcomes including: Bus Electrification: Enabling the County’s transition from fossil fuel buses to electric buses with a customized energy and infrastructure solution.
Designed and manufactured in the United States, Proterra’s electric transit buses are equipped with the company’s battery technology systems. This announcement brings the County’s total to 75 electric transit buses from Proterra, one of the largest fleets of 40-foot electric transit buses in the United States.
In the Volvo VNR Electric, drivers are provided with a familiar human-machine interface, operation and design. The construction of the battery support carrier system was also designed with these same safety standards in mind. The VNR Electric features the same best-in-class active safety systems as the VNR model.
12 and 18 meters), E-WAY has been designed to be operated in dedicated bus lanes. The purchase has been partially financed with contributions from the NRRP (National Recovery and Resilience Plan), the Complementary Funds and the NSPSM (National Strategic Plan for Sustainable Mobility). IVECO BUS, a brand of Iveco Group N.V.,
Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program.
million in a Series B financing round, led by WRVI Capital, a prominent global technology investor. It will address the challenges of autonomous vehicle design and deployment. The VCM is specifically designed for autonomous vehicles ranging from entry-level L2+ to fully autonomous L5. Recogni Inc.,
Hercules is commencing the Series A financing to support product development and add team members; the company currently is scouting locations for production of its components, including solid-state batteries. This technique ensures continuous electrical contact throughout the 3D anode.
National Electric Vehicle Sweden (NEVS), the company working to resurrect the Saab brand, presented the Saab 9-3 Electric Vehicle as designed and produced as part of a prototype series in Trollhättan. NEVS halted production of the conventional Saab 9-3 Aero in May as it struggles to sort out its financing. Earlier post.).
billion in formula funding to states and local governments to develop carbon reduction strategies and fund a wide range of projects designed to reduce carbon emissions from on-road highway sources. A Discretionary Grant Program for Charging and Fueling Infrastructure will provide $2.5
A recent report has suggested that Nikola Motor, a hydrogen-electric truck maker that once sued Tesla over the Semi’s allegedly copied design, is closing in on bankruptcy. The representative also noted that the company is evaluating several options, such as financing as part of a financial restructuring effort.
Financing alternatives are being evaluated. The TECO 2030 Marine Fuel Cell System is based on a modular design, enabling system configuration in the multi-megawatt scale. The gigafactory may create 500 jobs within research and development, pilot production and full-scale industrial production.
The Volta Zero is a purpose-built 100% battery-electric medium-duty truck specifically designed for urban logistics. To date, Volta Trucks has built 24 road-going design verification prototypes which are currently undergoing a testing program in Europe.
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
The ZESPacks are designed for multiple applications, enabling them to be utilized for temporary onshore use, such as stabilizing the local electricity grid or meeting short-term demand for electrical power. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed.
The Series A financing will be the largest single-tranche fundraising to date in Asia’s low-altitude flying vehicle sector. The company is a constitutor of China’s new flying vehicle standards and has won multiple industrial design awards including Red Dot Awards, IF Award, IDEA Design Award.
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