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HET motor company Linear Labs raises $6M in new funding

Green Car Congress

million partnership with the City of Fort Worth, Texas, was announced, which includes an incentive package involving Linear Labs’ plans to develop an advanced manufacturing facility. Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base.

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Walmart to buy 4,500 Canoo electric delivery vehicles; option for up to 10,000

Green Car Congress

Walmart signed a definitive agreement with Canoo to purchase 4,500 all-electric delivery vehicles, beginning with the Lifestyle Delivery Vehicle (LDV), with the option to purchase up to 10,000 units. Canoo’s fully electric Lifestyle Delivery Vehicle (LDV) is a US-made commercial EV optimized for sustainable last mile delivery use cases.

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Linear Labs closes $4.5M seed round to fund commercialization of new electric motor technology

Green Car Congress

Next-generation electric motor company Linear Labs (LL) closed a $4.5-million LL was established in 2013 after developing an entirely new methodology in the construction of electric motor and generator technologies that create more power while using less energy. This sets the LL Motor apart from conventional electric machines.

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US DOD awards MP Materials $35M heavy rare earth processing contract

Green Car Congress

has been awarded a $35-million contract through the US Department of Defense (DoD) Industrial Base Analysis and Sustainment Program to support the construction of a commercial scale processing facility for heavy rare earth elements (HREE) at Mountain Pass. MP Materials Corp. Earlier post.). Earlier post.).

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GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US

Green Car Congress

Under the long-term agreement, MP Materials will supply US-sourced and manufactured rare earth materials, alloy and finished magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that begins in 2023.

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VinFast Still Kicking and Planning to Show Vehicles at CES

The Truth About Cars

VinFast Auto is planning to show off several electric vehicles at CES it would like to see sold within the United States in the coming years. Also on display will be the full-size VF9 SUV, which the company said will integrate a new streaming service CES attendees can experience personally, and an all-new electric bike.

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App-based mobile gas station Booster Fuels raises $20M in Series B

Green Car Congress

While autonomous and electric vehicles are certainly the future, last year more than 99% of all new autos sold in the US ran on conventional fuels, a trend we don't see subsiding in the foreseeable future. Since it launched service less than two years ago, the company has delivered more than five million gallons of gas. Venture, Inc.

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