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Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25

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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

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In its recently closed Series G-2 financing round, TAE secured $250 million from investors in the energy, technology, and engineering sectors to support the company’s mission to deliver a long-term solution to rapidly growing electricity demand while providing global energy independence and security.

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SEC creates enforcement task force focused on climate and ESG issues

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As an integral component of the agency’s efforts to address these risks to investors, the task force will work closely with other SEC Divisions and Offices, including the Divisions of Corporation Finance, Investment Management, and Examinations.

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Bosch and Mitsubishi team up with Blue Park Smart Energy to develop business models for battery swapping; pilot in China

Green Car Congress

Bosch and the Mitsubishi Corporation, with Blue Park Smart Energy (BPSE), are partnering to create Battery as a Service (BaaS) innovations. In the pilot project in China, Mitsubishi Corporation as commercialization partner and Bosch are working with BPSE. Around 15 million fleet vehicles are going to be electrified in China alone.

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Three veterans join leadership team of Lohum Cleantech – ET Auto

Baua Electric

The company onboarded veteran investor Sachin Maheshwari as Head of Corporate Development, finance leader Nitin Goel as Chief Financial Officer (CFO), and R&D Pioneer Chidambaram Mandan as Vice-President and Head of R&D and Quality Control.

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Vedanta secures 11-year INR 3,900 cr loan from PFC – ET Auto

Baua Electric

Mining conglomerate Vedanta Ltd has secured an 11-year term loan of INR 3,918 crore from Power Finance Corporation Ltd ( PFC ), sources said. The latest financing follows Vedanta group’s takeover of Meenakshi Energy Ltd on December 28 in an NCLT-driven insolvency process.

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Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Electra Vehicles

The patented core of the technology, the Adaptive Battery Digital Twin, leverages AI and ML to provide design insights, real-time onboard controls, and fleet-wide data analytics for reduced total cost of ownership. We are excited to partner with Fabrizio Martini and the entire Electra team for the journey ahead.”