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Electric bus maker Proterra completes $55M strategic financing

Green Car Congress

Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. This signals a new growth phase for the company, as Proterra scales production to meet growing demand and accelerates cash realization. Proterra closed a $30-million Series 4 equity round led by $19 million from several new strategic investors.

Financing 150
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Nesscap completes US$1M convertible note financing

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The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. The Note has a maturity date of 1 April 2015; the conversion price is CAD 0.10 Nesscap products range from 3 farads to 6,200 farads with industry-recognized alternative organic electrolytes.

Financing 186
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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China, both the world’s largest CO 2 emitter and largest market for clean energy production and consumption, played a crucial role in the story. Across all emerging markets surveyed, 2018 investment fell to $133 billion, lower than not just the 2017 total but the 2015 figure as well. billion and $2.7

Coal 243
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DOE issues Request for Information on financing strategies for light-duty H2 fueling infrastructure

Green Car Congress

The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. This function is often vertically integrated with hydrogen production.

Financing 270
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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. We’ve proven that we can successfully marry technology with performance and now we’re ramping up our efforts to deliver our unique products to the marketplace.

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Groupe Renault working on ~20 blockchain projects

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For Groupe Renault, blockchain has to be used as a collaborative, multi-company digital tool within the automotive sector, thereby becoming a source of increased productivity and collective intelligence. Groupe Renault has been working on blockchain technology since 2015. Some of these will be deployed soon.

Financing 476
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Torotrak to acquire remaining 80% of Flybrid for up to ÂŁ23M; targeting commercial launch of M-KERS in 2015

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The group intends to exploit what it sees as a market window from 2015 to 2020 in which new technologies are being demanded to achieve new EU CO 2 targets applying to vehicle manufacturers’ overall fleets. The integration of Flybrid and Torotrak provides a platform for a joint development and commercial launch of M-KERS, Torotrak said.

2015 247