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UPS to invest $130M in > 700 natural gas vehicles and infrastructure; > $1B invested in alt fuels since 2008

Green Car Congress

UPS plans to build an additional five compressed natural gas (CNG) fueling stations and add more than 700 new CNG vehicles including 400 semi-tractors and 330 terminal trucks. This $130-million dollar investment in CNG capacity for 2018 builds on previous UPS investments of $100 million dollars in 2016 and $90 million dollars in 2017.

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App-based mobile gas station Booster Fuels raises $20M in Series B

Green Car Congress

Fuel consumption reached record highs in 2016. While autonomous and electric vehicles are certainly the future, last year more than 99% of all new autos sold in the US ran on conventional fuels, a trend we don't see subsiding in the foreseeable future. —Frank Mycroft, CEO, Booster Fuels. Venture, Inc.

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Linear Labs closes $4.5M seed round to fund commercialization of new electric motor technology

Green Car Congress

Brad Hunstable is former CEO and Founder of Ustream, a pioneering live-video streaming service that sold to IBM in 2016 for $150 million. Linear Labs was founded in 2014 in Texas by Brad and Fred Hunstable.