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The Boring Company raises $675M to scale boring machine production & more

Teslarati

The financing values The Boring Company at $5.675 billion. It connects the South Hall and Central Hall with the new West Hall expansion. The Vegas Loop will connect 51 stations across the city, including locations along the Strip. . TBC is also awaiting approvals for project proposals in the City of Kyle and the City of Austin.

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EV maker CODA files for Chap. 11 bankruptcy; restructuring business around energy storage

Green Car Congress

FCO MA CODA Holdings LLC, an affiliate of Fortress Investment Group, is leading a consortium of lenders intending to provide debtor-in-possession (DIP) financing to enable CODA’s extant energy storage business (CODA Energy) to remain fully operational during the restructuring process. CODA expects the sale process to take 45 days to complete.

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Power Area plans $362 million mortgage for EV wiring startup CelLink

Baua Electric

“So having an entity like [the Energy Department] there to help finance this is very helpful, so that we can use our equity dollars for other things like growing the business.” . “Factory construction is pretty expensive,” CelLink CEO Kevin Coakley mentioned in an interview with Automobile Information.

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Live Blog: Tesla (TSLA) 2021 Annual Meeting of Stockholders

Teslarati

But I think we can do a lot with Berlin and Austin and expanding in China and Fremont, so the nice thing is having a factory in Europe, China, and North America. 15:19 PT – And Tesla’s headquarters is now in Austin, Texas. The CEO also adds that Tesla’s finances should be even better, especially as FSD matures.

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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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Profile: Li-ion Battery and Pack Supplier Valence Technology

Green Car Congress

Founded in 1989, and headquartered in Austin, Texas, Valence has facilities in Nevada, China and Northern Ireland. UK Business Secretary Lord Mandelson behind the wheel of the Smith Ampere electric van, based on the Ford Transit Connect. a provider of lithium-ion batteries, modules and packs. Click to enlarge.

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Visiting PURE EV factory | Startup Showcase | ETryst electric motorcycle first look

Plug In India

So PURE ’s working capital seems to be dealer financed to a large extent. On the finance front though the valid crib is about finance options for prospective buyers. And then there was a suggestion of connectivity. Incidentally these are the figures for a gold dealership. And so is the margin.