article thumbnail

Proton Motor Fuel Cell and Aumann AG expand partnership to series production of hydrogen fuel cells

Green Car Congress

Since 2017, Proton Motor Fuel Cell GmbH has been working with Aumann AG as part of the larger EU program “ Fit-4-AMandA ” (Fit for Automatic Manufacturing and Assembly) on hydrogen fuel cell stack production with financing from the agency FCH JU (Fuel Cells and Hydrogen Joint Undertaking). Fit-4-AMandA “stack robot”.

Hydrogen 459
article thumbnail

IM Motors closes Series A financing as cumulative deliveries reach 1,051

CN EV Post

This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44). The post IM Motors closes Series A financing as cumulative deliveries reach 1,051 appeared first on CnEVPost. For more articles, please visit CnEVPost.

Financing 105
article thumbnail

MagREEsource secures €5M in financing; opening first pilot magnet recycling facility in Grenoble

Green Car Congress

MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.

Financing 243
article thumbnail

Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing. Terra Motors a leading electric vehicles manufacturer in India has partnered with Pooja Finelease Ltd. India’s leading non-banking finance company for electric vehicle financing. The post Terra Motors partners Pooja Finelease Ltd.

Financing 101
article thumbnail

€33.7M AgiloDrive2 project for electric motor production launches

Green Car Congress

Consortium leader Schaeffler, along with with 17 partners (automotive and industrial supplier) has launched the AgiloDrive2 research project funded by the German Federal Ministry for Economic Affairs and Energy (BMWi). —Thomas Pfund, President of the E-Motors Business Unit at Schaeffler. Earlier post.).

Motor 243
article thumbnail

McMaster switched reluctance motor spinout Enedym closes $15M funding round

Green Car Congress

Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., Enedym Switched Reluctance Motors (SRMs) remove the need for these costly magnets.

Motor 321
article thumbnail

German EV Motor Could Break Supply-Chain Deadlock

Cars That Think

Among the countless challenges of decarbonizing transportation, one of the most compelling involves electric motors. More than a few of them are at ZF Friedrichshafen AG , one of the world’s largest suppliers of parts to the automotive industry. The comany has not yet revealed its motor’s specific power—its kW/kg rating.)

Motor 142