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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 infusion of funds from trusted partners allows Rivian to scale new vehicle programs, expand our domestic facility footprint, and fuel international product rollout. billion since 2019.

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

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Inclusive of WiTricity’s acquisition of Qualcomm Halo in early 2019, WiTricity now holds more than 1,000 patents worldwide. Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities. This financing round comes on the heels of continued WiTricity business momentum.

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MISC, Samsung Heavy, Lloyd’s Register and MAN partner to develop ammonia-fueled tanker

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MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register and MAN Energy Solutions will work together on a joint development project (JDP) for an ammonia-fueled tanker to support shipping’s drive towards a decarbonized future. A 2019 study by A.P. In January 2019, MAN Energy announced it was developing an ammonia-fueled engine.

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PGM leader Sibanye-Stillwater enters battery metals sector through a partnership with and investment in lithium miner Keliber

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International precious metals mining company Sibanye-Stillwater has entered into an investment agreement with Finnish lithium miner Keliber Oy. Based on a feasibility study completed in 2019 and improved in 2020, Keliber currently has 9.3 Future lithium hydroxide production has not been committed to any offtake party.

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PSA Group outlines electrification solutions for future hybrid and electric vehicles; 4 EVs, 7 PHEVs by 2021

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PSA Group is consolidating the development of its models on two global modular platforms—CMP and EMP2—allowing it to offer a wide range of internal combustion, electric and plug-in hybrid gasoline models from 2019. Four electric models will be introduced by 2021, the first of which will reach the market in 2019.

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PSA Group and Dongfeng Motors to design electric version of Common Modular Platform; global B- and C-segment EVs from 2019

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This future electric platform (e-CMP) will deliver a worldwide offering of all-electric, high-performance B and C segment vehicles for the Peugeot, Citroën, DS and Dongfeng brands from 2019. The future e-CMP platform is a key milestone in our partnership with Dongfeng.

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