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Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25

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Tesla tweaks financing product with best resale value guarantee and lower monthly payments

Green Car Congress

In response to critiques of the first version of its financing program introduced early in April ( earlier post ), Tesla Motors has raised the Model S resale value guarantee to be the highest of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). —Tesla Co-founder & CEO Elon Musk.

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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

Green Car Congress

and Saab Automobile AB (Saab Automobile) have signed an agreement with Hawtai Motor Group Company Limited (Hawtai). —Victor Muller, CEO of Spyker and Chairman of Saab Automobile. Spyker Cars N.V. This agreement, which follows Spyker’s securing €59.1 —Richard Zhang, Vice President of Hawtai.

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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As previously announced, ASMC is continuing to market and sell its remaining US automobile inventory through its national network of automotive dealers. Earlier post.)

Suzuki 218
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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

Green Car Congress

Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Catalytic Conversion: Cool Planet has developed a number of proprietary catalytic conversion processes to convert these useful hydrocarbon components into different types of fuels.

Financing 225
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Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Green Car Congress

a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”. The nation faces a crisis. Paying our Way”.

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Lucid Group teams up with Bank of America for lender and financing services

Teslarati

Lucid Group ( NASDAQ: LCID ) has announced that it has selected Bank of America as its preferred lending partner, giving customers the opportunity to apply for financing services for a seamless and stress-free experience. This financing solution was developed for Lucid to make it easier for customers to finance electric vehicles.

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