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EV AI software company Electra Vehicles raises $21M in a round led by United Ventures with participation from Stellantis

Green Car Congress

Electra Vehicles , a B2B electric vehicle AI software company headquartered in Boston that produces Cloud and onboard software to optimize the performance of electric vehicle battery systems, raised $21 million in an oversubscribed investment round.

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Draper awarded patent on electrostatic motors; family under development

Green Car Congress

Draper’s approach to electric motors has numerous advantages over conventional electric motors, including significantly lower weight, higher efficiency, higher specific power and lower cost of materials. This translates to a range extension of up to 40% for drones and up to 25% for electric vehicles based on our simulations.

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Hyundai IONIQ 6, Kona EV are two of the cheapest cars (EV or gas) to lease at just $169/mo

Baua Electric

According to online auto research firm CarsDirect , Hyundai’s IONIQ 6 is the cheapest car to lease in the US, gas or electric, at an effective cost of just $249 per month. With up to 350 miles range, fast charging in under 20 minutes, and an affordable price, the IONIQ 6 offers it all. 361 $43,656 SEL RWD 77.4 361 $43,656 SEL RWD 77.4

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INRIX study identifies routes with greatest potential for e-VTOL services

Green Car Congress

By analyzing trillions of anonymous data points from hundreds of millions of connected devices, INRIX Research identified the current routes with the greatest market potential in the Atlanta, Austin, Boston and San Francisco metropolitan areas. The benefits of VTOL will accrue in the the near-term to long-distance commuters from city centers.

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This lithium-free battery startup just raised $78M in Series C funding

Baua Electric

Photo: Alsym Energy Boston-based Alsym Energy, which is developing a nonflammable rechargeable battery that’s cobalt and lithium-free, has announced a $78 million funding round. It can be used for a range of stationary storage use cases, including utility grids, home storage, microgrids, industrial applications, and more.

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Hilux, Ranger EV ute conversions by Roev from $47,990 as company confirms 2023 production

EV Central

As well as conversions of new Ford Rangers and Toyota Hiluxes – the two top selling utes in the country – which will be priced from $47,990 (plus the cost of the ute), Roev is gearing up for EV conversions of the same utes with build dates as far back as 2016. That’s for a 64kWh battery pack with a claimed 240km of EV range.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

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