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Iveco Group acquires full control of Nikola Iveco Europe

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Iveco Group N.V. Iveco Group N.V. Iveco Group is licensed to access freely and continue developing vehicle control software for the jointly developed battery-electric (BEV) and fuel-cell-electric (FCEV) trucks.

Europe 395
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Volkswagen Group, Siemens invests $450M in Electrify America

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The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

America 397
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Hysata closes $42.5M AUD Series A to commercialize capillary-fed electrolysis

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Australia-based Hysata, which is commercializing capillary-fed electrolysis technology developed at the University of Wollongong ( earlier post ) has closed its oversubscribed Series A funding round of $42.5 kWh/kg), delivering a giant leap in performance and cost over incumbent technologies, which typically operate at 75% or less.

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Autonomous truck company Inceptio Technology raises US$188M in Series B+

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Inceptio Technology, an autonomous driving truck technology and operation company ( earlier post ), closed a US$188-million Series B+ equity financing. This round of financing was jointly led by Sequoia Capital China and Legend Capital. —Julian Ma, the Founder and CEO of Inceptio Technology.

Companies 259
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Hyundai Motor partners with regional firms to establish H2 fuel cell commercial vehicle ecosystem in China

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Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. and Shanghai Ronghe Electric Technology Financial Leasing Co., Hyundai believes China has a massive potential for hydrogen powered commercial vehicles. Shanghai Sunwise New Energy System Co.,

Hyundai 356
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Graphex Technologies in MOU with Reforme Group to develop graphite manufacturing facilities in Australia; mine-to-battery graphite supply

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Graphex has more ethan a decade of commercial experience producing 10,000 metric tons per annum of battery-grade purified spherical graphite at its facility in Heilongjiang Province, China, for the power battery market. Reforme was founded by the team that developed a first in the sorting and beneficiating of iron ore.

Australia 170
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Group14 closes $18M in financing to scale-up silicon-carbon composite anode material

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Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. Group 14 also includes germanium, tin, and lead. —Rick Luebbe, Co-Founder and CEO, Group14 Technologies.

Financing 243