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GreenCell Mobility secures Rs 300 crore in green financing from Sumitomo Mitsui Banking Corporation | Autocar Professional

Baua Electric

GreenCell Mobility has secured Rs 300 crore in green funding from Sumitomo Mitsui Banking Corporation (SMBC), for its Electric Bus project in Uttar Pradesh. According to the terms of the agreement, SMBC has extended a long-term Project Finance facility to GreenCell Mobility for its 350 Electric Buses project in Uttar Pradesh.

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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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Faraday Future forced to delay deliveries, scrambles for cash

Teslarati

Faraday Future announced that it would push back deliveries of its first vehicles as it scrambles to secure more funding. Faraday Future never truly seems to be able to escape its whirlwind of issues, and even as it has implemented changes, those problems don’t seem to be ending. from its peak of $18.45.

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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. These RIN credits are purchased by US refiners to comply with the RFS program. Earlier post.).

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Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

Green Car Congress

million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

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Daimler and LBBW successfully utilize blockchain technology for launch of corporate Schuldschein

Green Car Congress

Through LBBW, Daimler launched a €100-million, 1-year corporate Schuldschein (private placement instruments written under German law) within which savings banks (Kreissparkasse) Esslingen-Nürtingen, Ludwigsburg and Ostalb as well as LBBW acted as lenders. LBBW has been our partner for many years.