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Reeves Callaway, Callaway Automobiles founder and CEO, dies at 75

Baua Electric

The Callaway Automobiles and CEO used to be 75. Callaway based Callaway Automobiles in 1977 in his storage in Used Lyme, Conn. A former Method Vee champion motive force, Callaway discovered engine construction, chassis tuning and detail fabrication moment dreaming of changing into a qualified race automobile motive force.

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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

Financing 252
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Volkswagen AG to launch 30 new cars globally in 2024 to battle slowdown hurdle

Baua Electric

The German automobile giant expects its passenger vehicle sales in this year to grow just three per cent, sharply down from 2023. Volkswagen’s finance chief Arno Anlitz has revealed that the OEM’s deliveries to customers rose 12 per cent to 92.4 lakh units in 2023.

Global 52
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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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Mobility services infrastructure company Via closes Series E round; valued at $2.25B

Green Car Congress

Via , a company that provides digital infrastructure to power public mobility in cities around the world ( earlier post ), has raised a Series E financing led by EXOR. The financing values the company at $2.25 First launched in New York City in 2013, Via’s technology is now deployed globally, including in Europe as ViaVan.

Companies 243
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Porsche participates in Rimac’s €500M Series D round

Green Car Congress

—Lutz Meschke, Deputy Chairman of the Executive Board of Porsche AG and Member of the Executive Board for Finance and IT. The new investment round wants to expedite Rimac Technology’s development to become a long-term Tier 1 technology partner for global car manufacturers.

Porsche 186
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DiDi completes >US$500M fundraising round for autonomous driving subsidiary; led by SoftBank Vision Fund 2

Green Car Congress

DiDi also plans to further deepen cooperation with global upstream and downstream auto industry partners towards mass production of autonomous driving vehicles, with the aim of advancing the transformation of the global automotive and transportation industries.

Fleet 221