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Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

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million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

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Michigan, Cavnue to create corridor for connected and autonomous vehicles between Ann Arbor and Detroit

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Michigan Governor Gretchen Whitmer announced an initiative to develop a first-of-its-kind corridor for connected and autonomous vehicles (CAV) designed to improve transportation for communities in Southeast Michigan. This includes leading test tracks, universities, automotive companies, and key economic anchors.

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Ford to build more EV software capability at Chennai tech hub | Autocar Professional

Baua Electric

American automaker Ford, whch is known to be working on an affordable EV platform, is set to build more electric vehicle (EV) software capabilities at its Ford Business Solutions India operation, based in Chennai. This information is as per a tweet by TN Investment today.

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EV charging network builder Volta announces $125M in Series D funding

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Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. —Scott Mercer, Founder and CEO of Volta.

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Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

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Ltd (JingJu) aims to combine the two companies’ strengths in new energy fleet operation and AI transportation solutions to develop next-generation connected-car systems. Public transportation data resources and DiDi analytics are now connected. BAIC-Xiaoju New Energy Auto Technology Co. Xiaoju Automobile Solutions?XAS?was

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EU Innovation Fund grants €108M to RWE’s waste-to-hydrogen project FUREC

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As part of the FUREC project, RWE plans to build a pre-treatment plant in Zevenellen, Limburg, to convert non-recyclable municipal solid waste (MSW) into solid recovered fuel pellets. FUREC is preparing the necessary grid connections to the hydrogen and CO 2 infrastructure. A final investment decision is to be made in 2024.

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EV Connect launches first EV charging-as-a-service

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EV Connect, a provider of electric vehicle (EV) charging solutions, announced the first “EV Charging-as-a-Service” or “EV CaaS”, to cut up-front costs and simplify the process for purchasing and installing EV charging station infrastructure by turning the purchase decision from a capital expenditure to an operating expense.

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