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Li-ion maker Boston-Power adds $30M in funding; China expansion

Green Car Congress

GSR Ventures is an early-stage venture capital firm focused on building world-class technology companies in China. The firm invests primarily in the Internet, wireless, green technology, and semiconductor sectors. Founded in 2004, GSR has more than 50 companies in its portfolio and more than US$1 billion under management.

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Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

To deal with increasingly serious traffic congestion, Beijing will take steps such as raising parking fees in urban districts and striving to build more rail transit lines to address the issue, so ordinary residents may rationally select the travel option they prefer. About 19 million Chinese obtained a driving license in 2009.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley.

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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

Green Car Congress

The Chinese government is putting incentives in place to have the market grow. The growth capital and Chinese government incentives are being used to scale manufacturing, research and development, and business development activities in China. Multiple redundant safety features including CIDs, redundant vents, aluminum can.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. In DB’s Fall 2009 note, they had forecast 12% growth.

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Bob Lutz’s Latest Volt Test Drive Sprinting for Green Stimulus Dollars New Subsidies for Electric Cars in Britain Electric Car Makers: Oregon Wants You G.M. in chinese ?, Tony: “hey I have an idea why not build a wind turbine on the roof that way as you drive the turbine spins and charges the battery.&#

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