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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

Green Car Congress

Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Initiated by Porsche and implemented with partners including Siemens Energy and ExxonMobil, production of eFuels from hydrogen and CO 2 using wind energy is expected to start there in mid-2022.

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Porsche and UP.Labs to build startups tailored for Porsche’s business

Green Car Congress

Porsche is expanding its venturing network by collaborating with UP.Labs, a new model for fostering innovative startups. The startups’ focus will revolve around Porsche’s core activities. The startups’ focus will revolve around Porsche’s core activities. Porsche is investing a sum in the double-digit millions for this purpose.

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Porsche launches carbon offset program in US

Green Car Congress

Porsche Cars North America, Inc. PCNA) has enrolled all cars at its two Experience Centers—sand its fleet in the monthly subscription pilot, Porsche Passport—sin Porsche Impact. Porsche customers can choose from four different internationally certified projects to support.

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Porsche launches carbon offsetting program for US drivers

Green Car Congress

Porsche Cars North America, Inc. PCNA) has launched Porsche Impact , an online tool that links individual CO 2 emissions to specific climate projects. The program is available to US customers after PCNA earlier this year enrolled its own Porsche Experience Center cars and its Porsche Passport subscription fleet.

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Group14 raises $400M in Series C; Porsche leads with $100M

Green Car Congress

To deliver to customers including Porsche subsidiary Cellforce Group, Group14 plans to break ground on its second commercial-scale battery active materials (BAM) factory in the US to stay ahead of demand from markets reliant on high-performing batteries. As a result, Porsche has decided to partner with Group14 Technologies.

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Porsche increases stake in electric sports car company Rimac to 15.5%

Green Car Congress

Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5%. Porsche is now strengthening the established partnership. Porsche initiated a development partnership with Rimac against the back-drop of its electric mobility campaign.

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EV charging network builder Volta announces $125M in Series D funding

Green Car Congress

Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. It will also allow Volta to begin its international expansion.

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