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Electric commercial vehicle company SEA Electric raises $42M; partnership with Exro

Green Car Congress

recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. SEA-Drive 120b Power-System. We look forward to expanding our partnership with Exro and helping to optimize the utilization of batteries in a second-life application. SEA Electric Holdings Pty Ltd.

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XL Fleet and eNow partner to electrify refrigerated trailers

Green Car Congress

announced a battery and power electronics development and supply agreement and an investment in eNow, Inc., a provider of solar and battery power systems that enable fully-electric Transport Refrigeration Units (eTRUs) for Class 8 commercial trailers. XL Fleet Corp.

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Scania and Asko testing hydrogen fuel cell trucks

Green Car Congress

The research project is partly financed by the Norwegian government. Scania will supply three-axle distribution trucks with a gross weight of 27 tonnes, in which the internal combustion engine in the powertrain will be replaced by an electric engine powered by electricity from fuel cells and hydrogen gas on board the vehicle.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. Energy-saving and new energy vehicles have become the development direction of the international automobile industry.

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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

Green Car Congress

In the first few months of 2012, Fisker has continued to raise private equity investment to fund its expansion plans, securing $174 million of additional private financing since the start of the year. The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007.

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Ford Starts EV Test Drives

Revenge of the Electric Car

company prepares to introduce battery-powered models as early as next year. company prepares to introduce battery-powered models as early as next year. The company is already trying out battery-powered vehicles in London, Meier said. “Ford Motor Co. 4 as the U.S. 28 (Bloomberg) — Ford Motor Co.

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The Case for Nuclear Cargo Ships

Cars That Think

At a July meeting of the International Maritime Organization , the U.N. Hedging its bets, the industry is exploring ammonia, batteries, and hydrogen, among other options for powering ships. Alexander Piragis/Alamy Batteries are an obvious nonstarter, Emblemsvåg adds. The ship will basically go for one day, and it’s over.”