Green Car Congress

NOVEMBER 11, 2011

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25

Financing 252

Financing Israel Denmark Australia 252

Green Car Congress

JUNE 2, 2013

Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Audi, along with ETOGAS, is building the first commercial-scale demonstration plant (6.3 Financing Project VGV: the Green Redemption Fund.

Volt 334

Volt Financing Gas Power 334

Green Car Congress

MARCH 14, 2021

recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. The net proceeds from the investment will allow SEA Electric to solidify its position in the electrification of commercial vehicles while funding its backlog and facilitating more pilot programs with operators.

Commercial 259

Commercial Companies Los Angeles Vehicles 259

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. —In Cheol Lee, Executive Vice President and Head of Commercial Vehicle Division at Hyundai Motor.

Hyundai 356

Hyundai Commercial China Fuel 356

Green Car Congress

MARCH 3, 2022

Under the new plan, the company aims to boost annual global BEV sales to 1.87 million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. The innovation will be expanded to global plants in the future.

Hyundai 370

Hyundai Global Motors Motoring 370

Green Car Congress

JULY 10, 2012

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products.

Electric Motorcycles 230

Electric Motorcycles Financing Motorcycles North America 230

Green Car Congress

FEBRUARY 17, 2012

Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. Ultimately, widespread commercialization will depend on whether these ventures can reach price.

Global 253

Global Market 2012 Financing 253

Green Car Congress

JANUARY 3, 2019

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Marathon, based in New York, NY, is an opportunistic global credit event-driven manager with approximately $15 billion in assets under management. Workhorse Group Inc.,

Financing 259

Financing Purchase Energy Battery 259

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. — Ewald, Vice President of Strategy and New Power, Cummins.

Transportation 276

Transportation Commercial Fuel Energy 276

Green Car Congress

OCTOBER 8, 2013

to offer Financing Programs on their DC Quick Charging Stations for Electric Vehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites. Fuji Electric Corp. Earlier post.)

Financing 210

Financing Charging DC Installation 210

Green Car Congress

DECEMBER 22, 2022

The new stufy combines analysis of investment opportunities focusing on three hubs: Mauritania - Morocco; southern Africa; and Egypt with a roadmap of technical, economic, environmental and financial solutions to unlock commercial development. The report was formally handed over to partners on 20 December.

Africa 481

Africa Mauritania Hydrogen Green 481

Green Car Congress

FEBRUARY 23, 2022

Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 billion, including assumed debt and net of acquired cash.

Climate Change 429

Climate Change Commercial Financing Global 429

Green Car Congress

APRIL 28, 2021

Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing. Plus, the all-electric Ford Transit is set to go on sale late this year and the all-electric F-150 arrives by mid-2022.

Ford 334

Ford Global F-150 Battery 334

Green Car Congress

APRIL 1, 2015

Global Bioenergies, a startup developing and commercializing a fermentation process that targets gaseous isobutene, has obtained a €4.4-million million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. million (US$4.7-million)

Financing 150

Financing Global Installation 2008 150

Green Car Congress

OCTOBER 9, 2013

million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Daniel Hancock, retired vice president, global powertrain engineering, who spent more than four decades at General Motors Co.

Financing 236

Financing Engine Industrial Industry 236

Green Car Congress

NOVEMBER 27, 2021

Cornish Lithium expects to benefit from TechMet’s deep knowledge of the battery metals supply chain and extensive commercial and strategic relationships. In addition, the Company will explore opportunities to generate complimentary commercial heat supplies in order to provide local businesses with low carbon energy.

Financing 419

Financing Water Li-ion Lithium Ion 419

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.

Financing 218

Financing Light Companies CO2 218

Green Car Congress

FEBRUARY 6, 2018

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.

Waste 199

Waste Financing Companies Canada 199

Green Car Congress

OCTOBER 13, 2011

Pike forecasts that the global market for biofuels will increase from $82.7 Pike projects that the Americas will account for 71% of global biofuels production. Pike Research estimates that the global gasoline market will reach an estimated 375 billion gallons per year (BGPY) in 2021. billion in 2011 to $185.3 billion by 2021.

Global 225

Global Market Financing Oil Prices 225

Green Car Congress

APRIL 18, 2020

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

2020 191

2020 Commercial Global Production 191

Green Car Congress

JUNE 11, 2012

ALTe Powertrain Technologies, developer of a range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, has created a Commitment to Action to spur adoption of hybrid electric technology in the worldwide fleet industry as part of the Clinton Global Initiative America (CGI America) meeting.

Fleet 236

Fleet Global Purchase Financing 236

Green Car Congress

SEPTEMBER 10, 2018

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

Li-ion 239

Li-ion Manufacturer Global Lithium Ion 239

Green Car Congress

JANUARY 31, 2012

is planning to enter into a global commercial bus partnership with Brazilian commercial bus body manufacturer San Marino Onibus e Implementos Ltda (Neobus) and will invest in the company. Working together, we can bring value to customers with an integrated solution for commercial bus markets in South America and North America.

San Marino 218

San Marino America Commercial Monaco 218

Green Car Congress

NOVEMBER 23, 2022

Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. One of the top 5 global wind turbine OEMs. Earlier post.).

Grant 345

Grant Production Wind Cleaning 345

Green Car Congress

JULY 4, 2022

As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.

Russia 458

Russia Emissions Power Powered 458

Green Car Congress

NOVEMBER 17, 2014

Audi partner Global Bioenergies (GBE) has successfully carried out its first isobutene production trial at its industrial pilot site in Pomacle-Bazancourt. This marks the first fermentative production of isobutene outside of Global Bioenergies’ R&D laboratories located in Evry near Paris. Earlier post.). (GBE

Industrial 218

Industrial Industry Global Production 218

Green Car Congress

JULY 31, 2012

The partnership aims to support KBMJ’s global expansion, with a focus on its CARBOTRON P LIB anode material. In December 2011, Kuraray agreed with KBMJ to jointly commercialize Biocarbotron, a hard carbon anode material for LiBs derived from plant material. KBMJ plans to finance approximately ¥14.5

Li-ion 252

Li-ion Japan Carbon Global 252

Green Car Congress

APRIL 25, 2012

Shengquan Group, a Shandong-based company specializing in furan resin and polymers, and Novozymes, a world leader in bioinnovation, have formed a partnership enabling Shengquan to start commercial-scale production of cellulosic ethanol for solvents in June 2012 using Novozymes’ technology.

Commercial 210

Commercial Polymer Gasoline Financing 210

Green Car Congress

NOVEMBER 21, 2013

Global Bioenergies will construct its second industrial pilot on the site of the Leuna refinery, close to Leipzig in Germany. The pre-commercial pilot is designed for an isobutene production capacity of up to 100 tons per year. —Marc Delcourt, CEO of Global Bioenergies SA. million (US$7.7-million) million (US$7.7-million)

Grant 225

Grant Germany Global Industrial 225

Green Car Congress

JUNE 9, 2022

As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations.

Hydrogen 370

Hydrogen Emissions Financing USA 370

Green Car Congress

JANUARY 20, 2021

Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 Commercial EV investment declined from $12 billion in 2016 to $4 billion in 2020.

2020 259

2020 Global Energy United Arab Emirates 259

Green Car Congress

JUNE 2, 2022

Certain segments, such as buses and two- and three-wheelers are close to being on track for net zero, but more action is needed to get on track elsewhere—especially in medium- and heavy-duty commercial vehicle segments, BNEF said. Electric vehicles are a powerful tool in reducing global CO2 emissions from the transport sector.

Transportation 473

Transportation Emissions Economy Fleet 473

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.

Hydrogen 376

Hydrogen Commercial Electrical Electric 376

Green Car Congress

JULY 23, 2022

Gevo announced a new fuel sales agreement with American Airlines for the sale of 100 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Gevo’s delivery of SAF under this agreement is expected to begin in 2026. Gevo estimates that the agreement should generate approximately $2.75

Sale 320

Sale Purchase Financing Commercial 320

Green Car Congress

OCTOBER 28, 2013

Daimler Trucks plans to invest around one billion Brazilian real ($US457 million) in the commercial vehicle plants of Mercedes-Benz do Brasil in the next two years. This financing is part of an extensive investment project of Mercedes-Benz do Brasil, equipped with a total budget of around 2.5 billion Brazilian real (US$1.14

Brazil 210

Brazil Commercial Mercedes Vehicles 210

Green Car Congress

MAY 12, 2020

—Seong Kwon Han, President and Head of Commercial Vehicles Division at Hyundai Motor Company. The partnership is part of Korea’s Ministry of Environment’s project to install hydrogen refueling stations and subsidize privately financed infrastructure projects. In September 2019, Hyundai and Cummins Inc. Earlier post.).

Hydrogen 377

Hydrogen Hyundai Motoring Motors 377

Green Car Congress

OCTOBER 6, 2021

The deal is the largest commercial order to date for Volvo electric trucks, and one of the largest yet for heavy electric trucks worldwide. DFDS has chosen a financing solution provided by Volvo Financial Services. Our target for 2030 is that half of our global truck deliveries will be electric.

Volvo 435

Volvo North America Electrical Electric 435