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Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia

Green Car Congress

Israel-based Ampal-American Israel Corporation signed an option exercise agreement with Merhav (M.N.F) The purchase of the 25% equity stake and the conversion of the loan is subject to the initial disbursement of a loan from Banco do Brasil, the lender providing project financing to the project.

Colombia 186
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EV battery swap company Better Place files for liquidation

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Better Place, a high-profile developer and proponent of a battery switch model for electric vehicles ( earlier post ), filed a motion with the Lod District Court in Israel to ask for the dissolution of the company and the appointment of a temporary liquidator. Israel was the first place in which an electrical car could travel without limit.

Companies 286
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Better Place Secures $350M Series B Round led by HSBC Group

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Better Place, the global provider of EV networks and services, has signed an agreement with an HSBC-led investor consortium for new equity financing of $350 million. The announcement comes almost two years after Better Place announced its first car partnership and its first country deployment in Israel. —Shai Agassi.

Israel 218
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Primus Green Energy raises $12 million for renewable gasoline technology

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developer of a proprietary process to produce gasoline and other fuels from biomass and/or natural gas ( earlier post ), has completed its third round of funding with the recent $12-million investment by IC Green Energy Ltd, the renewable energy arm of Israel Corp. Primus Green Energy Inc.,

Gasoline 231
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Porsche increases investment in start-ups by €150M; innovative business models in the field of mobility

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Porsche has always been among the pioneers of the automotive industry. —Lutz Meschke, Deputy Chairman and Member of the Executive Board for Finance and IT at Porsche AG. The total value of the financing round is US$80 million. With this in mind, it is essential that we build a strong ecosystem with competent partners.

Porsche 207
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ENFICA-FC Fuel Cell Inter-City Aircraft Ready for Flight Testing

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The work plan financed by the EC is divided into two stages: modification of a light-weight two-seater airplane with an electric engine completely supplied by hydrogen; the test flights on this are aimed at identifying the technical advantages and improvements in performance obtained with the new generation electrical energy. million (US$6.6

Fuel 225
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Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

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—a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. Guangzhou Automobile Group. In 2013, GAC Group targets to exceed sales volume of one million for both vehicle and motorcycles. Click to enlarge.

Detroit 261