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Pace purchases 20 Proterra ZX5 electric buses and EV fleet charging infrastructure

Green Car Congress

Designed and manufactured in the United States, Proterra’s electric transit buses are equipped with the company’s own battery technology systems. Pace is the transportation backbone of Chicago’s suburbs and one of the largest public bus service operators in North America, serving an area nearly the size of the state of Connecticut.

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Bank of America introduces residential EV charger financing

Teslarati

Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. billion to build out a national network of EV chargers.

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Stellantis partners with Archer to build electric aircraft

Teslarati

Stellantis announced a partnership with Archer Aviation to build the all-electric Midnight electric vertical take-off and landing (eVTOL) aircraft. The automaker intends to increase its shareholding in Archer by purchasing stock in the open market. Archer wants to start manufacturing Midnight by 2024. Credit: Archer).

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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. These RIN credits are purchased by US refiners to comply with the RFS program. This new and significant financing will help accelerate our growth and further expand project development and implementation.

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Blue Marble Biomaterials completes site purchase for large commercial biorefinery

Green Car Congress

Blue Marble Biomaterials, a specialty biochemical manufacturer ( earlier post ), has closed on the purchase of the former GTC Oats Inc. The purchase includes 3.81 acres of land, a 19,000 square foot building complex, and parking stalls for more than 100 employees. facility in Missoula, Montana.

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Porsche and UP.Labs to build startups tailored for Porsche’s business

Green Car Congress

The Stuttgart-based sports car manufacturer has agreed with the US company on a three-year cooperation aimed at establishing six companies from 2023 to 2025 with new business models in various areas of mobility. The startups will be minority owned by Porsche, with the option to purchase them entirely after three years.

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Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

The signatures were marked at a ceremonial signing event to officially confirm Lucid and Saudi’s agreement to partner in EV manufacturing, a deal originally agreed upon in February. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4