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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. billion since 2019. In February 2019, Rivian announced a $700-million funding round led by Amazon. In February 2019, Rivian announced a $700-million funding round led by Amazon.

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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

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Average price of new light trucks in 2019 was 43% higher than average price of new cars

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Prices for new light trucks—pickups, vans, and sport utility vehicles (SUVs)— averaged 43% more than new cars in 2019. Price data are adjusted for inflation (constant 2019 dollars). Price data are adjusted for inflation (constant 2019 dollars). Finance charges or finance incentives are excluded.

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Fisker completes $50M financing; Huhnke named CTO

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recently completed a $50-million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. Cowen acted as the company’s sole advisor and placement agent on the financing. Fisker Inc. Fisker also named Burkhard Huhnke as chief technology officer (CTO) of Fisker Inc.

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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 compared to $2.8

2019 195
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XPeng enters into cooperation agreement for new smart EV manufacturing base in Guangzhou; $586M in financing

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According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.

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2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

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The Keeling Curve Prize (KCP) has selected 10 winners for 2019, among them Opus 12 (Berkeley, California) which is developing a device that recycles CO? Each of the 10 2019 Keeling Curve Prize winners will receive $25,000 in prize money. is using pay-as-you-save financing to help transportation companies switch to electric buses.

2019 207