Green Car Congress

OCTOBER 13, 2020

a provider of cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a note purchase agreement (NPA) under which it will sell $200 million aggregate principal amount of its 4.0% Workhorse Group Inc., Senior Secured Convertible Notes due 2024 to two institutional lenders.

Financing 186

Financing Convert Corporation Price 186

Green Car Congress

JUNE 23, 2017

Park City Transit has deployed Utah’s first zero-emission, battery-electric mass transit fleet, which will include six Proterra Catalyst FC+ buses. With its deployment of Proterra vehicles, the Park City region will become the first mountain resort community in the United States to operate a highly efficient, battery-electric transit service.

Financing 186

Financing Batteries Battery Utah 186

The Truth About Cars

MAY 27, 2021

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars. It’s good news for General Motors, which recently begged the government for just […].

Tax Credit 119

Tax Credit Financing Tax General Motors 119

Green Car Congress

JUNE 9, 2022

As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations.

Hydrogen 370

Hydrogen Emissions Financing USA 370

Green Car Congress

JUNE 30, 2015

Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. The existing major investors in Proterra added $11 million of equity.

Financing 150

Financing California Grant 2015 150

Green Car Congress

NOVEMBER 25, 2019

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. Group14 Technologies will be one of the companies that helps to make electric vehicles widespread and ubiquitous.

Financing 243

Financing Carbon Li-ion Lithium Ion 243

Green Car Congress

MAY 21, 2014

National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. NEVS also cut back on its hired consultants.

Financing 225

Financing Sweden Electric Vehicles Production 225

Green Car Congress

APRIL 6, 2022

million contract for 20 Proterra ZX5 Max electric transit buses, featuring more than 13 megawatt hours of battery storage energy, and two Proterra megawatt-scale fleet chargers. Designed and manufactured in the United States, Proterra’s electric transit buses are equipped with the company’s own battery technology systems.

Fleet 448

Fleet Purchase North America Energy Storage 448

Green Car Congress

MARCH 14, 2021

SEA Electric Holdings Pty Ltd. recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. SEA Electric was founded in Australia in 2012, with a proprietary electric power-system technology (known as SEA-Drive) for the world’s urban delivery and distribution fleets.

Commercial 259

Commercial Companies Los Angeles Vehicles 259

Green Car Congress

SEPTEMBER 28, 2020

According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.

Financing 170

Financing Manufacturer China Chinese 170

Green Car Congress

FEBRUARY 17, 2023

has been awarded a public tender for the supply of 120 E-WAY full electric city buses for Autoguidovie Group, the largest Italian privately owned local public transport company. IVECO BUS, a brand of Iveco Group N.V., Available both in standard and articulated versions (9.5, Available both in standard and articulated versions (9.5,

Italy 273

Italy Financing Personal Electric 273

Green Car Congress

JULY 10, 2012

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. The Ashland, OR-based manufacturer designs and develops electric motorcycles. —Craig Bramscher, founder and CEO of Brammo.

Electric Motorcycles 230

Electric Motorcycles Financing Motorcycles North America 230

Green Car Congress

MAY 10, 2022

In Europe, Ford took another major step in its electrification transformation as Ford Pro revealed the first details of the all-new, all-electric, E-Transit Custom. The all-electric E-Transit Custom will enter production in the second half of 2023.

Ford 419

Ford Turkey Electric Electrical 419

Green Car Congress

SEPTEMBER 19, 2014

Tech CU (Technology Credit Union) is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles, offering up to 100% financing with a competitive annual percentage rate (APR).

Financing 236

Financing Tesla Motors Motor Motors 236

Green Car Congress

OCTOBER 6, 2021

Volvo Trucks received an order for 100 Volvo FM Electric trucks from DFDS, Northern Europe’s?largest The deal is the largest commercial order to date for Volvo electric trucks, and one of the largest yet for heavy electric trucks worldwide. DFDS has chosen a financing solution provided by Volvo Financial Services.

Volvo 435

Volvo North America Electric Electrical 435

Green Car Congress

MAY 7, 2012

Coulomb Technologies, Inc, the leading electric vehicle charging solutions provider, today announced that it has secured $47.5 million of financing in its Series D round. Braemar Energy Ventures and Kleiner Perkins Caufield & Byers led the financing and were joined by Toyota Tsusho Corporation and existing investor Rho Ventures.

Financing 231

Financing Toyota Corporation Clean 231

Green Car Congress

JUNE 20, 2022

Enel X, Enel's subsidiary dedicated to innovative products and services, together with EV maker Arrival, have entered into a partnership to test the battery-electric bus in Italy. The aim is to foster the growth of electrified public transport globally through increasingly high-performance and competitive solutions.

Italy 433

Italy Electric Electrical Financing 433

Green Car Congress

JUNE 12, 2022

With 624 kWh of batteries installed, Scania provides the means for a major shift regarding electric trucks and their operability in regional long-haul operations. Scania-45-R-BEV. With the new Scania trucks, customers will be able to operate rigids or tractor-and-trailer combinations such as temperature-controlled food transports.

Electric 434

Electric Electrical Financing Maintenance 434

Green Car Congress

OCTOBER 8, 2013

Fuji Electric Corp. to offer Financing Programs on their DC Quick Charging Stations for Electric Vehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites. Earlier post.)

Financing 210

Financing Charging DC Installation 210

Green Car Congress

AUGUST 3, 2014

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.

Financing 244

Financing Energy Companies Carbon 244

Green Car Congress

OCTOBER 10, 2021

The New York City Council passed a bill mandating that the city’s school bus fleet be fully electric by 1 September 2035. Of the 960 currently managed by the City, 885 would still be need to be converted from diesel to electric as the City had previously committed to converting 75 school buses. billion through Fiscal 2035, or $310.9

New York City 342

New York City New York All-Electric Financing 342

Green Car Congress

MAY 27, 2013

a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc.,

Financing 218

Financing Conversion Companies PHEV 218

Green Car Congress

JULY 9, 2023

Solaris has fulfilled another contract for the delivery of electric buses to MPK Kraków, Poland, comprising 20 units of the Urbino electric, including 13 twelve-meter vehicles, and 7 articulated vehicles. The investment is co-financed by the National Fund for Environmental Protection and Water Management. Photo: Grzegorz Mental.

Poland 195

Poland Electric Electrical Energy Storage 195

Green Car Congress

DECEMBER 13, 2013

The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction.

Financing 270

Financing Light Fuel Hydrogen 270

Green Car Congress

JANUARY 20, 2022

Moscow, Russia, currently runs 1000 electric public electric buses on 66 bus routes, giving it the distinction of operating the largest e-bus fleet in Europe and America. This year the Government of Moscow plans to buy 500 additional electric buses. Today nearly half of the Moscow e-bus fleet has been financed by green bonds.

Buy 273

Buy Russia Purchase Electric 273

Green Car Congress

NOVEMBER 10, 2020

received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc.

Purchase 418

Purchase Companies Financing Electric 418

Green Car Congress

JUNE 2, 2013

Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis.

Volt 334

Volt Financing Gas Power 334

Green Car Congress

MARCH 29, 2017

Westinghouse Electric Company and certain of its subsidiaries and affiliates, filed voluntary petitions under Chapter 11 of the US Bankruptcy Code. Westinghouse has obtained $800 million in debtor-in-possession (DIP) financing from a third-party lender to help fund and protect its core businesses during its reorganization.

Financing 150

Financing New York City New York Africa 150

Green Car Congress

AUGUST 23, 2011

million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. The financing will be used to further grow customer adoption in key commercial markets, expand internationally and develop and commercialize new products.

Financing 210

Financing Power Powered Gas-Electric 210

Green Car Congress

DECEMBER 17, 2020

Lightning eMotors has announced a new model of its Class 3 Lightning Electric Transit Van. The new, longer-range Lightning Electric Transit Van is the fourth generation of its battery-electric and fuel cell electric platform, based on the Ford Transit 350HD chassis. —Tim Reeser, CEO of Lightning eMotors.

Batteries 448

Batteries Battery Fuel Electric 448

Green Car Congress

JULY 1, 2023

has acquired the full and sole ownership of the German company resulting from the former joint venture Nikola Iveco Europe, now to be renamed as EVCO (Electric Vehicles COmpany). Iveco Group N.V.

Europe 395

Europe North America Financing America 395

Green Car Congress

SEPTEMBER 27, 2012

Fisker Automotive has completed the initial closing of its current equity financing, representing in excess of $100 million of new funding. This initial closing will provide the company with funding for continued product development, market expansion and a new global marketing campaign for the Fisker Karma extended range electric vehicle.

Fisker 225

Fisker Financing Karma Extended Range 225

Green Car Congress

JANUARY 6, 2021

Workhorse Group has received a purchase order for 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises, a company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. Inventory financing for that deal is also being provided by Hitachi Capital America.

Purchase 243

Purchase Vehicles Financing America 243

Green Car Congress

FEBRUARY 22, 2022

QUANTRON has unveiled its new 12m electric bus called CIZARIS. The new bus model in the Augsburg-based company’s bus portfolio will be launched as an all-electric version (CIZARIS 12 EV), followed in 2023 by a fuel cell drive (CIZARIS 12 H) that uses a largely identical powertrain.

Fuel 448

Fuel Electric Electrical Austria 448

Green Car Congress

NOVEMBER 22, 2022

Domino’s is rolling out more than 800 custom-branded 2023 Chevy Bolt electric vehicles at select stores throughout the U.S., making it the largest electric pizza delivery fleet in the country. Domino’s has always been on the cutting edge of pizza delivery and electric delivery cars make sense as vehicle technology continues to evolve.

Fleet 468

Fleet Maintenance Store Gasoline-Electric 468

Green Car Congress

MAY 12, 2022

NFI Industries—a leading third-party supply chain solutions provider—is increasing its investment in electromobility solutions with its latest order of 60 Volvo VNR Electric trucks. Our experience with the Volvo LIGHTS project was a major factor in NFI’s decision to purchase VNR Electric trucks for our drayage operations.

Volvo 273

Volvo Industrial Industry Los Angeles 273

Green Car Congress

JUNE 16, 2020

Polestar, the electric performance car brand jointly owned by Volvo Car Group and its parent Zhejiang Geely Holding, is open to take production orders for the Polestar 2 electric fastback. Polestar unveiled the car, which is positioned to take on the Tesla Model 3, in February 2019. Earlier post.).

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Los Angeles New York City Production Denver 311