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Geely’s Farizon Auto secures more than $300M through Pre-A funding

Green Car Congress

Farizon Auto, the new energy commercial vehicle brand from Zhejiang Geely New Energy Commercial Vehicle Group (a subsidiary of Geely Holding) raised more than US$300 million in its first external financing round. Farizon Auto’s new energy semi, the Homtruck, is planned for delivery in early 2024. Earlier post.).

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Bandhan Bank and M&M partner to offer commercial vehicle, equipment financing solutions | Autocar Professional

Baua Electric

Bandhan Bank has inked a Memorandum of Understanding (MoU) with Mahindra & Mahindra (M&M) to provide financing solutions to customers in the commercial vehicle and commercial equipment segments. Mahindra & Mahindra boasts an extensive range of commercial vehicles and equipment, offering products ranging from 3.5

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Mullen secures $150 million financing deal, production Bollinger is a go

Baua Electric

Commercial EV manufacturer Mullen has scored a $150 million capital infusion that will allow it to expand its domestic and international sales efforts – and put Bollinger’s beefy electric trucks into series production. FTC: We use income earning auto affiliate links.

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SAIL directors suspended after Lokpal concludes discrepancies in commercial deals – ET Auto

Baua Electric

A Lokpal order from earlier this month found discrepancies in SAIL’s dealings with Venkatesh Infra Projects, and Avon Steel Industries. A company statement said the Steel Ministry suspended V S Chakravarthy, Director (Commercial), and A K Tulsiani, Director (Finance).

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Exide Industries to invest Rs 1,000 crore for lithium-ion cell manufacturing in FY25 | Autocar Professional

Baua Electric

Battery maker Exide Industries Ltd will invest around Rs 1,000 crore in its lithium-ion cell manufacturing and battery pack solutions subsidiary Exide Energy Solutions Ltd during the current financial year, the company’s management said. So far, Exide Industries has invested Rs 2,300 crore in the lithium-ion cells business.

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Wells Fargo to offer financing for EnTech’s eSkid EV fleet charging platform – Charged EVs

Baua Electric

EV charging provider ChargePoint , energy solutions provider EnTech Solutions and bank Wells Fargo are collaborating to offer flexible financing solutions for businesses building charging infrastructure for EV fleets. Potential customers include commercial vehicle fleets and businesses.

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South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

Green Car Congress

South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).