Green Car Congress

JUNE 15, 2023

OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.

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Carbon Fuel Financing Hydrogen 418

Green Car Congress

JUNE 2, 2022

Qmerit, the leading provider of implementation solutions for EV charging and other electrification technologies, has launched turnkey EV charging solutions for commercial properties. Qmerit then conducts an on-site evaluation using the foundational information from the Commercial Assessment. —Tracy K. —Tom Bowen.

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Commercial Charging North America Financing 199

Green Car Congress

APRIL 26, 2023

BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.

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BMW Supplies Companies Canada 199

Green Car Congress

NOVEMBER 5, 2020

Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai believes China has a massive potential for hydrogen powered commercial vehicles. Hyundai Motor signed an MOU with Shanghai Electric Power Co., Shanghai Sunwise New Energy System Co.,

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Hyundai Commercial China Motor 356

Green Car Congress

JULY 30, 2021

Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 million in new financing. Niron’s Clean Earth Magnet technology eliminates the need for rare earth content in magnets and uses iron and nitrogen instead to deliver better performance and lower costs.

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Minnesota Commercial Clean Cleaning 482

Green Car Congress

MARCH 9, 2017

Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing.

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Financing Companies Italy 2016 150

Green Car Congress

AUGUST 17, 2023

General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. The company’s AI-powered platform and advanced research and development facility in Mountain View, California, will help accelerate GM’s commercialization of affordable electric vehicle batteries.

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GM Batteries Battery Companies 195

Green Car Congress

SEPTEMBER 24, 2022

GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion Recycling’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology.

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GM Companies Batteries Battery 218

Green Car Congress

NOVEMBER 25, 2019

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. The new funds will be used to scale-up manufacturing of a next-generation silicon-carbon composite anode material and advance into commercial production.

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Financing Carbon Li-ion Lithium Ion 243

Green Car Congress

JULY 22, 2022

is designed to demonstrate the viability of achieving net energy generation with TAE’s advanced beam-driven field-reversed configuration (FRC)—the penultimate step on TAE’s path to commercialize clean fusion power. billion for its commercial fusion development.

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Fusion Companies Google Chevron 243

Teslarati

JANUARY 11, 2024

Ford Pro Insure expanded its insurance offering for commercial vehicles to Indiana and Wisconsin. Besides Indiana and Wisconsin, Ford’s insurance for commercial vehicles is also available in Arizona, Illinois, and Tennessee. The right commercial auto insurance can help them run efficient and productive fleets.

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Wisconsin Indiana Ford Commercial 102

Green Car Congress

MARCH 25, 2020

Funds from the strategic financing will be used to further accelerate the company’s product development activities, project deployments, and growth plans as the Company expands its technical leadership in medium and heavy-duty hydrogen fuel cell bus and trucking applications.

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Transportation Commercial Fuel Energy 276

Green Car Congress

AUGUST 3, 2014

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.

Financing 244

Financing Energy Companies Carbon 244

Green Car Congress

SEPTEMBER 11, 2014

Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.

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Financing Light Companies CO2 218

Green Car Congress

JUNE 30, 2022

billion based on visibility from export credit agencies, multilateral development finance institutions and commercial banking partners, exceeding management’s leverage target for the $1.7 Groundworks at the site are well advanced and the company has recently started casting foundation structures.

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Norway Batteries Battery Financing 150

Green Car Congress

MARCH 31, 2014

Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Cool Planet’s green fuels are chemically identical to fossil fuels, with one of the lowest capital costs in the industry. Click to enlarge.

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Financing Renewable Companies Fuel 225

Green Car Congress

APRIL 27, 2022

South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).

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Lithium Ion Commercial Li-ion Batteries 284

Green Car Congress

APRIL 9, 2020

Municipal and commercial fleets are on the front lines of state-wide goals to decarbonize our transportation sector, and they deserve solutions that make the transition both simple and cost-effective. This on-the-go structure makes finding the time to optimize an electric fleet more difficult than one might expect.

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Energy Power Powered New York City 481

Green Car Congress

NOVEMBER 27, 2021

Cornish Lithium ( earlier post ), a mineral exploration and development company based in Cornwall, UK, secured an investment package of up to £18 million (US$24 million) from TechMet Limited, a leading technology metals investment company. The investment is the first that Cornish Lithium has secured from a financial institution.

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Financing Water Li-ion Lithium Ion 419

Green Car Congress

MARCH 21, 2022

In an open access paper published in Nature Communications , researchers from the University of Wollongong in Australia report that their capillary-fed electrolysis cell demonstrates water electrolysis performance exceeding commercial electrolysis cells, with a cell voltage at 0.5 kWh/kg in commercial electrolysis cells). Hodges et al.

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Hydrogen Energy Water Renewable 396

Green Car Congress

FEBRUARY 23, 2023

Battery and advanced materials company Talga Group ( earlier post ), with 100% owned graphite resources in Sweden, has received firm commitments for a placement of new fully paid ordinary Talga shares to raise A$40 million (US$27.3 million) before costs. BurnVoir Corporate Finance acted as financial adviser to the company.

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Li-ion Sweden Financing Corporation 218

Green Car Congress

OCTOBER 31, 2019

With the high costs and operational complexities surrounding electric vehicle (EV) deployments within commercial fleets, EV manufacturer BYD announced a preferred partnership with charging infrastructure provider AMPLY Power. BYD produces transit buses and motor coaches at its manufacturing plant in Lancaster, California.

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BYD Fleet Commercial Charging 150

Green Car Congress

DECEMBER 9, 2011

At that time, Mascoma, Valero, and Mascoma’s operating subsidiary, Frontier Renewable Resources LLC, jointly owned with natural resource management company, J.M. These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan.

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Financing Commercial Michigan Corporation 210

Green Car Congress

JANUARY 3, 2012

The BASF subsidiary led a $50-million financing round, joined by new and existing investors. With this patented process, BASF notes, industrial sugar can be produced from lignocellulosic biomass (wood, cane trash or straw) in large quantities and at competitive cost from non-edible plant mass. —Mike Hamilton, Renmatix CEO.

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Financing Companies Renewable Water 231

Green Car Congress

NOVEMBER 1, 2012

EcoDual, LLC, a provider of diesel-to-natural-gas dual-fuel conversion systems for heavy duty diesel powered trucks has partnered with Vision Financial Group (VFG) to provide lease-to-own financing options for fleet owners seeking to convert to natural gas operation. Systems can be configured for range of more than 800 miles on CNG or LNG.

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Financing Conversion Gas Fuel 225

Green Car Congress

DECEMBER 13, 2013

The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. Operation of such stations is largely a cost center of the infrastructure development.

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Financing Light Fuel Hydrogen 270

Green Car Congress

JULY 18, 2021

The financing round will enable the company to scale from the batch processing of materials to commercial roll-to-roll production. Having a scalable, cost-competitive alternative to leather with premium qualities is key to further advancing the decarbonization of the automotive industry.

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BMW Polymer Illinois Carbon 435

Green Car Congress

SEPTEMBER 10, 2014

an agricultural biotechnology and seed company enabling the production of high quality, low-cost and sustainable plant oil, protein and biomass, announced success in its program to create hybrid Jatropha which has both high yield and rapid time to maturity. Jatropha oil can be used as a biofuel feedstock.

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Financing Hybrid Oil Asia 210

Green Car Congress

NOVEMBER 3, 2020

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The design significantly increases reliability, maximizes performance, and reduces total cost of ownership.

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Motor Motors Motoring Fleet 321

Green Car Congress

MAY 12, 2020

Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. In September 2019, Hyundai and Cummins Inc. Earlier post.).

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Hyundai Hydrogen Motor Motors 377

Green Car Congress

OCTOBER 25, 2022

AM Batteries (AMB), a developer of lithium-ion dry-electrode technology, closed its Series A financing. One of the fundamental issues with today’s lithium-ion battery manufacturing process is the heavy carbon footprint, energy consumption, and cost from the solvent evaporation and recovery process needed for electrode fabrication.

Lithium Ion 150

Lithium Ion Manufacturer Batteries Battery 150

Green Car Congress

AUGUST 23, 2023

Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., We anticipate this will crank up our vehicle production to 25,000 units a year, and provide a sturdy financial foundation for the company. million investment into H2X.

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Global North America Hydrogen Fuel 195

Green Car Congress

JULY 16, 2023

Ohmium International, a green hydrogen company that designs, manufactures, and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, announced a strategic collaboration with Aquastill , one of the leaders in modular membrane distillation technology that uses the sustainable power of waste heat for desalination.

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Hydrogen Green Waste Clean 150

Green Car Congress

APRIL 2, 2021

Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. This new round accelerates the larger hydrogen-electric engine development for the 50+ seat aircraft and supports additional commercial airlines initiatives to adopt hydrogen in aviation.

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Hydrogen Commercial Electric Electrical 376

Green Car Congress

JUNE 3, 2022

Together, the two companies set out to address common pain points across construction—including unsafe working conditions, labor shortages and rampant inefficiencies—with autonomous solutions. In May 2022, the companies began retrofitting the first 45 ton vehicle, which is expected to be ready by the end of 2022.

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Emissions Industrial Industry Vehicles 397

Green Car Congress

APRIL 27, 2022

The value of venture capital (VC) deals in advanced batteries shot up by 850% year-on-year (YoY) in 2021 with focus on lithium chemistries, according to GlobalData, a data and analytics company. In July 2021, the company went public via a merger with a special purpose acquisition company (SPAC) Ivanhoe Capital.

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Lithium Ion Batteries Battery General Motors 195

Green Car Congress

SEPTEMBER 1, 2020

a US-based technology company focused on providing sustainable and cost-effective electric drone-integrated vehicles to the last-mile delivery sector, announced newly-formed strategic agreements with both Hitachi America, Ltd. Workhorse Group Inc., and Hitachi Capital America Corp. —Workhorse CEO Duane Hughes.

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America Dealers Financing Miles 210