article thumbnail

Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets

Green Car Congress

million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets.

Grant 345
article thumbnail

Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Green Car Congress

million in new financing. Surging global demand for electric vehicles (EVs) and other motorized devices has highlighted global dependency on the unsustainably-produced rare earth materials currently required for the magnets needed in electric drivetrains and motors. 2019.165962.

Minnesota 482
article thumbnail

Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. All-wheel-drive is optional, adding a second motor for the front wheels and increasing its horsepower, and includes a heated windshield and tow hitch. Volkswagen ID.4 Volkswagen ID.4 Volkswagen ID.4

article thumbnail

American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.) Earlier post.)

Suzuki 218
article thumbnail

Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Both come with a 200-hp electric motor, provide an EPA-estimated 247 miles in range, and are available in front-wheel drive only. The EUV is available in two different trims, the LT and Premier.

article thumbnail

Electric Vehicle Spotlight: Financing a Ford F-150 Lightning

EV Life

We’ll also take a look at the best way to save money when financing your Lightning purchase through an EV Climate Loan with EV Life. There are a variety of programs, grants, and tax credits available to encourage drivers to make the switch to electric vehicles. But the savings don’t stop there. Clean Vehicle Assistance Program.

F-150 52
article thumbnail

Hyundai bringing XCIENT Fuel Cell trucks to California

Green Car Congress

Hyundai Motor Company will deploy the company’s latest hydrogen fuel cell electric heavy-duty trucks in California in two publicly funded projects to improve the air quality in the region. Hyundai Motor and its fleet partner plan to begin operating these trucks in August. 30 XCIENT Fuel Cell trucks in northern California by early 2023.

Hyundai 243