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Workhorse receives purchase order for 500 C-1000 electric delivery trucks from Pritchard Companies

Green Car Congress

received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc.

Purchase 418
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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

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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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Pace purchases 20 Proterra ZX5 electric buses and EV fleet charging infrastructure

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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.

Fleet 448
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GE Capital to provide financing for electric motorcycle maker Brammo

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GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. The Ashland, OR-based manufacturer designs and develops electric motorcycles. —Craig Bramscher, founder and CEO of Brammo.

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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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which designs, manufactures, operates and services carbonate fuel cell power plants, announced a broadening and deepening of its existing relationship with NRG Energy including a $35.0-million The terms of the equity transaction include a warrant giving NRG the right to purchase an additional 2.0 FuelCell Energy, Inc., thereafter.

Financing 244
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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

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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. Echo Automotive, Inc., The terms of this note include conversion features at $0.55

Financing 218
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Study of premium car buyers finds large majority see driving EV within 5 years; financing most popular option

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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).

Financing 186