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BMW Group investing in lithium extraction company Lilac Solutions

Green Car Congress

To promote environmentally-friendly, resource-efficient extraction of lithium, the BMW Group is investing , through its venture capital fund BMW i Ventures, in US startup Lilac Solutions. The BMW investment was part of Lilac’s just-closed US$150-million Series B financing.

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BMW Group, WWF Germany, Volvo Group back moratorium on deep-sea mining

Green Car Congress

The BMW Group has launched an initiative to protect the deep seas in cooperation with the WWF Germany. The BMW Group aspires to be one of the most sustainable automotive manufacturers and has built high standards into its supply chains for this purpose. What has been created over millions of years would be wiped out in a day.

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BMW Group to build future MINI E vehicles in China with Great Wall Motor

Green Car Congress

The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

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WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

Green Car Congress

This financing round comes on the heels of continued WiTricity business momentum. In addition, McLaren’s Speedtail Hyper-GT joins the BMW 530e iPerformance as the first commercially-available EVs equipped with wireless charging capabilities. The company recently announced new automotive Tier 1 licensees, including Lumen Freedom.

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Bcomp closes US$35M Series B with mobility and impact venture capital

Green Car Congress

Bcomp, a leading manufacturer of high-performance components made from natural fibers, has closed its oversubscribed Series B financing round of CHF 32.4 BMW has tested and validated Bcomp’s ampliTex and powerRibs technologies in leading motor racing categories since 2019. Starting with the iFE.20

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Electric Vehicle Arteries (EVA+) fast charging: Enel, Verbund, Renault, Nissan, BMW & Volkswagen partner in Italy & Austria

Green Car Congress

Enel, as coordinator, and Austria’s main utility Verbund are collaborating on a fast-recharging network project in Italy and Austria, alongside some of the world’s largest EV carmakers including Renault, Nissan, BMW and Volkswagen Group Italia (represented by Volkswagen and Audi).

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Nissan to lead EC-backed multi-standard rapid charge network project in UK and Ireland

Green Car Congress

The rapid chargers being deployed will be the first multi-standard units in public operation in Europe. financed by the European Union through the TEN-T program, with further contributions from fellow consortium members Renault, BMW and Volkswagen and ESB Ireland’s Electricity Supply Board.

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