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Porsche opens first Charging Lounge

Green Car Congress

Porsche is planning to set up its own fast-charging stations offering a premium charging experience along Europe’s most important routes. As a pilot site, the first Porsche Charging Lounge has opened outside Bingen am Rhein. Further Porsche Charging Lounges are currently planned for Germany, Austria and Switzerland.

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Porsche expanding open source software initiative; FOSS

Green Car Congress

Porsche is expanding its open source initiative and has published a strategic guide to using free and open source software (FOSS). By using open source software, Porsche says it is able to shorten development cycles, reduce costs, promote innovation and talent and improve software quality.

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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 electric hypercar maker Rimac to set up JV incorporating Bugatti

Green Car Congress

The Volkswagen Group’s Porsche and Croatian hyper-EV developer Rimac have agreed to set up a joint venture that incorporates Bugatti—another Volkswagen Group brand that is moving to the control of Porsche. Rimac will hold a 55% share in the Bugatti-Rimac joint venture, while Porsche will have a 45% share.

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Porsche participates in Rimac’s €500M Series D round

Green Car Congress

Porsche and Rimac are taking the next step in their collaboration with focus on the digital and electrified future of mobility. The total volume of the round is €500 million, with Porsche investing an eight-figure sum. The total volume of the round is €500 million, with Porsche investing an eight-figure sum.

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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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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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