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Li-ion battery recycling and manufacturing startup Battery Resourcers completes $20M Series B

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The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries—the batteries from approximately 20,000 electric vehicles (EVs) a year. Battery Resourcers was founded in 2015 in Worcester, Mass.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

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Domino’s rolling out nationwide fleet of 800 Chevy Bolt EVs

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Domino’s launched pizza delivery in 1960 with a Volkswagen Beetle, rolled out the DXP —a custom-built pizza delivery vehicle—in 2015, tested autonomous pizza delivery with cars and robots, and is now leading the charge in the future of pizza delivery. making it the largest electric pizza delivery fleet in the country.

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Electric bus maker Proterra completes $55M strategic financing

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Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. The existing major investors in Proterra added $11 million of equity.

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GE Capital to provide financing for electric motorcycle maker Brammo

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GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products.

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Stena Line introducing battery-electric operation to ferry; three stages up to 50 all-electric nautical miles

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Stena Line, one of Europe’s leading ferry companies with 38 vessels and 21 routes in Northern Europe, is introducing battery power to its operations. Stena recently signed with Callenberg Technology Group for 1 MWh of batteries which will be installed on Stena Jutlandica which operates between Gothenburg and Frederikshavn.

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Safran acquires stake in Li-Sulfur battery maker OXIS Energy; OXIS announces two JDAs

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Safran acquired an equity interest in Li-Sulfur battery manufacturer OXIS Energy ( earlier post ) through its Safran Corporate Ventures subsidiary, which invests in disruptive technology businesses. First, Safran and OXIS will cooperate on high energy density battery cells for the aviation industry.