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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. Since 2017 Farasis has regularly ranked first in terms of shipments of NCM-based Li-ion pouch cells to the Chinese automotive market.

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Edeniq raises $7M to to support growth in Pathway cellulosic ethanol business

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Trinity previously provided debt financing and, concurrently with the equity financing, Trinity amended and restated its debt facility for the Company. Edeniq’s Pathway Technology is a low-cost solution for producing cellulosic ethanol from corn kernel fiber, utilizing existing fermenters at corn ethanol plants.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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NOVONIX Anode Materials LLC, a wholly-owned subsidiary of NOVONIX Limited, was formed in 2017. American Battery Technology Company , Large-Scale Demonstration of Domestic Manufacturing of Low-Cost and Low- Environmental Impact Battery-Grade Lithium Hydroxide from Unconventional Domestic Sedimentary Resources, $57,744,831.

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Ford outlines strategic plan to investors; connected, smart vehicles and services, EVs and financial fitness

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Ford reaffirmed its 2017 full-year financial guidance and said its 2018 outlook will be provided in January. Rapidly improving fitness to lower costs, release capital and finance growth. In the presentation to investors, Ford noted that its costs have grown as fast as its revenue, and that capital spending has grown even faster.

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Top 5 Electric Vehicle Start-Ups in India

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Finance Minister Nirmala Sitharaman pushed for the Indian Electric Vehicles Mission in the country’s Union Budget 2019-20. The finance minister announced a tax break for people who purchase electric vehicles in an attempt to increase their popularity. Revolt Intellicorp. lakh units per year. #4.

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Audi going to the moon; Audi lunar e-quattro rover

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The US$30-million Google Lunar XPRIZE is a competition to challenge and inspire engineers and entrepreneurs from around the world to develop low‑cost methods of robotic space exploration. The concept of a privately financed mission to the moon is fascinating. Click to enlarge. The trip will take about five days.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.

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