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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

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a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.

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Volvo Cars successfully places first green bond, raises €500M

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The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. In this respect, it’s very encouraging to see so much investor interest in helping us electrify our fleet and deliver on our climate ambitions.

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Anaheim Transportation Network orders 40 BYD electric buses; 57% electric fleet by 2020

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The ATN fleet order will increase the number of BYD electric buses the agency can deploy to serve one of the nation’s busiest tourism and employment regions. These new buses will provide ATN a 57 percent zero-emission fleet by 2020. The Anaheim Transportation Network has awarded an order for 40 battery-electric buses to BYD.

BYD
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AMPLY Power & Logan Bus announce 2-year demo project of charging-as-a service for fleets; 5 electric school buses

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Pioneering methods to accelerate electric fleet adoption, AMPLY Power will demonstrate and document its Charging-as-a-Service approach for an all-electric school bus fleet in New York City. As the electric utility account holder for its fleet customers, AMPLY Power provides comprehensive end-to-end services to fleet operators.

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AMPLY Power saves up to 40% on energy costs for Tri Delta Transit electric buses

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AMPLY expects savings to increase as Tri Delta Transit expands its electric bus fleet in the future. Fleet operators work on a very rigorous timeline and must adhere to a strict operational dance to ensure their vehicles run on-schedule. As we expand our EV fleet, we look forward to working with AMPLY to realize even greater savings.

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Groundbreaking in Frankfurt for hydrogen refueling station for trains

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Representatives from the State of Hesse, RMV (Rhein-Main-Verkehrsverbund), Alstom and Infraserv broke ground for a hydrogen filling station on the site of the Höchst industrial park in Frankfurt that will supply a fleet of 27 passenger fuel cell trains—currently, the world’s largest such.

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XL to launch plug-in hybrid electric Ford F-250 pickup at NTEA Work Truck Show

Green Car Congress

XL, a provider of connected vehicle electrification solutions for commercial, utility and municipal fleets, will unveil a plug-in hybrid electric version of the popular Ford F-250 pickup truck at the NTEA Work Truck show, 5-8 March in Indianapolis. Earlier post.).