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EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

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The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. This round included participation by Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue. billion since 2019. EV developer Rivian has closed a $2.5-billion

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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. In 2019, VC funding into Battery Storage companies increased by 103% to $1.7 billion in 2018.

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Mercom Capital: VC funding for battery storage companies up 139% YoY in 1H 2019 to $1.4B; led by Northvolt financing

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VC funding in Battery Storage companies in 1H 2019 was up by 139% with $1.4 The Top 5 VC funding deals in 1H 2019 were: Northvolt’s $1-billion raise; Sila Nanotechnologies raised $170 million; Romeo Power secured $88.6 A total of 41 VC investors participated in Battery Storage funding in 1H 2019. billion compared to $2.4

2019 207
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Daimler to split into two pure-play companies: cars & vans, trucks & buses

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Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. Revenue in 2019 for the individual divisions were €40.2

Companies 497
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Chevrolet to recall 68,667 MY 2017-2019 Bolt EVs worldwide over battery fire risk

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Chevrolet is voluntarily recalling 68,667 MY 2017-2019 Bolt EVs worldwide over the risk of battery fires; the majority of the cars affected—50,925—are in the US. Hence, the recall stops with MY 2019.) The company is releasing a video to help customers through the process. 2018 Chevrolet Bolt EV.

2019 273
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Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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A combined $210 million was raised by battery storage, smart grid, and energy efficiency companies in Q1 2019—a 55.5% Thirteen investors participated in battery storage funding this quarter with energy storage downstream companies raising the most. There were no debt and public market financing deals announced in Q1 2018.

2019 170
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Mercedes-Benz acquires electric motor technology company YASA

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Working with Mercedes-Benz since 2019, it was always clear that we shared the same commitment to engineering excellence, innovation and reshaping mobility for the electric age. YASA will provide electric motors for Mercedes-Benz’s AMG.EA

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