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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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Occidental announced that a wholly owned subsidiary— 1PointFive —has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) Occidental has been working with Carbon Engineering on direct air capture (DAC) deployment since 2019. Earlier post.) Earlier post.)

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Solid-state battery company Quantumscape to list on NYSE; $3.3B valuation

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a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company. Ten years ago, we embarked upon an ambitious goal that most thought was impossible. Transaction overview. billion pro forma enterprise value.

Companies 468
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Fisker and Magna enter into definitive agreements for production of Fisker Ocean EV

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has entered into definitive “operational phase” platform-sharing and initial manufacturing agreements with Magna International Inc., Taking Magna’s EV platform as the starting point, Fisker engineers are further developing FM29, and in the process, creating new IP that is unique to Fisker. Fisker Inc. Earlier post.).

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TRI-AD, Maxar Technologies, NTT DATA collaborate to build high-definition maps for autonomous vehicles from space

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(TRI-AD), Toyota’s automated driving software development company; Maxar Technologies Inc., Example of high definition map for automated driving from satellite imagery. In this proof of concept, the three companies will work together to process satellite imagery into vehicle-friendly HD maps.

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De Havilland Canada and ZeroAvia to develop hydrogen-electric engine program for Dash 8-400 aircraft; line-fit and retrofit

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As part of the MOU, De Havilland Canada will be issued options to purchase 50 ZeroAvia hydrogen-electric engines. These options will be confirmed once a definitive agreement has been completed between De Havilland Canada and ZeroAvia.

Canada 397
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Harley-Davidson to spin-out LiveWire electric motorcycle division as public company via SPAC; $545M in proceeds

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ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company. Harley-Davidson and AEA-Bridges Impact Corp.

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Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

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billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. We looked at over 100 companies, many of them in the EV and renewable energy space. DeepGreen Metals Inc., DeepGreen Metals Inc., Earlier post.)

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