Remove Climate Remove Financing Remove Group Remove International
article thumbnail

Germany and Australia to establish alliance on green hydrogen supply chain

Green Car Congress

Among other things, we will promote the production of hydrogen on an industrial scale in Australia with German-Australian ‘Hydrogen Hubs’ using German technology and explore possibilities for cooperation within the framework of our new international funding instrument ‘H2-Global’. Co-financing of an AUS-DEU H 2 incubator for applied research.

Australia 334
article thumbnail

Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

article thumbnail

EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

Green Car Congress

The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. This round included participation by Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue. The financing was led by funds and accounts advised by T.

2019 334
article thumbnail

Volkswagen lays out its NEW AUTO strategy: transforming from manufacturer to software-driven mobility provider; Scalable Systems Platform

Green Car Congress

Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider. SSP: The next generation of mechatronics platform.

article thumbnail

Customcells closes €60M Series A; seeks to expand work in electrification of aviation

Green Car Congress

Europe’s leading climate-tech venture capitalist World Fund is a lead investor together with the Hamburg family office Abacon Capital. Our goal is to create and shape a new premium segment in the international market for battery cells. —,Dirk Abendroth, CEO of the Customcells Group.

article thumbnail

Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

Teslarati

Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. The commitment was made after Lucid accepted a financing package worth over $1 billion from the Saudi Pacific Fund in 2018.

article thumbnail

Synhelion raises CHF 22M (US$23.6M) to support scaling of solar fuel production

Green Car Congress

million) in another financing round. The funds were primarily provided by existing investors and selected new strategic investors, including Swiss International Air Lines (SWISS). SWISS and the Lufthansa Group are trusted strategic partners of Synhelion. ETH-Zurich spin-off Synhelion has raised CHF 22 million (US$23.6

Solar 210