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.

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Hyundai Global Motoring Motors 370

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., The funds will also support H2X Global’s planned listing on the London Stock Exchange. to fastrack H2X’s delivery of 800 hydrogen-powered vehicles.

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Global North America Hydrogen Fuel 195

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. and Shanghai Ronghe Electric Technology Financial Leasing Co., Hyundai believes China has a massive potential for hydrogen powered commercial vehicles. Shanghai Sunwise New Energy System Co.,

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Hyundai Commercial China Motoring 356

Green Car Congress

SEPTEMBER 12, 2023

This investment, a combination of equity and debt, is the outcome of a strategic partnership with a global Private Equity (PE) infrastructure firm, managing £150 billion (US$188 billion) in assets. This bridge financing safeguards uninterrupted progress as Conigital approaches the finalization of larger funds.

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Global Brazil Universal Vehicles 150

Green Car Congress

JULY 22, 2022

After achieving temperatures greater than 75 million degrees Celsius and demonstrating unmatched real-time control of plasma with its fifth-generation fusion research reactor, Norman, TAE Technologies has secured strategic and institutional investments to fund the construction of its next research reactor, the sixth-generation Copernicus.

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Fusion Companies Google Chevron 243

Green Car Congress

OCTOBER 25, 2022

AM Batteries (AMB), a developer of lithium-ion dry-electrode technology, closed its Series A financing. As electric vehicles continue to outperform predictions of global market penetration, the manufacturing costs and environmental footprint of EVs need to be addressed for sustainable mass adoption.

Lithium Ion 150

Lithium Ion Manufacturer Battery Batteries 150

Green Car Congress

OCTOBER 13, 2022

The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.

Energy Storage 259

Energy Storage Global Market Energy 259

Green Car Congress

OCTOBER 21, 2021

As part of JJE’s upcoming IPO at The Science and Technology Innovation (STAR) Board on the Shanghai Stock Exchange, Allison will make a strategic investment of 264 million CNY (approx. Established in 2008, JJE is an electrified propulsion leader in components, assemblies and systems for global automotive and commercial vehicle customers.

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North America China Michigan 2008 186

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

SEPTEMBER 23, 2021

6K, a developer of microwave plasma technology for the production of advanced materials for energy storage and additive manufacturing powders ( earlier post ), closed a $51M Series C financing round. 6K’s UniMelt platform offers multifaceted sustainability benefits.

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Manufacturer Global Battery Batteries 170

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. Meritor is an industry leader in axle and brake technology. Under the terms of the agreement, Cummins will pay $36.50

Climate Change 429

Climate Change Commercial Financing Global 429

Green Car Congress

NOVEMBER 23, 2022

million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. 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.

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Grant Production Wind Clean 345

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. New lab to support Ford Ion Park development work. Ford’s new Battery Benchmarking and Test Laboratory in Allen Park, Mich.,

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Ford Global F-150 Battery 334

Green Car Congress

FEBRUARY 6, 2018

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. The technology converts non-recyclable, non-compostable municipal solid waste into methanol, ethanol and other widely-used chemicals. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.

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Waste Financing Companies Canada 199

Green Car Congress

DECEMBER 21, 2020

Group14 Technologies, a developer of a micronized silicon-carbon powder, tunable by design and drop-in ready, has secured $17 million in Series B funding led by SK Materials, one of the world’s top manufacturers of special gases and industrial gases, with participation from returning investor OVP Venture Partners.

Lithium Ion 170

Lithium Ion Li-ion Production Washington 170

Green Car Congress

AUGUST 12, 2021

ChargePoint Holdings, a leading electric vehicle (EV) charging network operating in North America and Europe, has acquired ViriCiti, a leading provider of electrification solutions for eBus and commercial fleets. The ViriCiti team, customer accounts and technology will become part of ChargePoint’s operations. Goldman Sachs & Co.

Fleet 218

Fleet Commercial North America San Francisco 218

Green Car Congress

MARCH 7, 2022

Pony.ai, a global autonomous driving technology company, has completed its first close of its Series D financing. We’re confident in our autonomous vehicle tech readiness as we rapidly scale toward robotaxi and robotruck commercialization and mass production. —Tiancheng Lou, Pony.ai co-founder and CTO.

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Financing 2020 Commercial Global 199

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

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.

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Hydrogen Emissions Financing USA 370

Green Car Congress

FEBRUARY 11, 2021

Autonomous driving software company Aurora has entered a long-term, global, and strategic collaboration with Toyota and Denso, one of the largest global manufacturers and tier-one automotive suppliers, respectively, to build and globally deploy self-driving cars at scale. —Chris Urmson, Aurora CEO.

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Toyota Global Kenworth Peterbilt 170

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.

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Russia Powered Power Emissions 458

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 Battery 239

Green Car Congress

APRIL 29, 2022

FreeWire Technologies, a developer of ultrafast electric vehicle (EV) charging and energy management solutions, raised $125 million in new capital. The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc.

Charging 195

Charging Battery Batteries Energy Storage 195

Green Car Congress

DECEMBER 30, 2022

Graphex has more ethan a decade of commercial experience producing 10,000 metric tons per annum of battery-grade purified spherical graphite at its facility in Heilongjiang Province, China, for the power battery market. Reforme was founded by the team that developed a first in the sorting and beneficiating of iron ore.

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Australia Supplies Li-ion Manufacturer 170

Green Car Congress

JUNE 7, 2016

Siluria Technologies has entered into a strategic partnership with Air Liquide Global E&C Solutions, the engineering and construction business of the Air Liquide Group, to collaborate on the development of novel catalytic processes utilizing both companies’ expertise in gas conversion technologies. Click to enlarge.

Global 150

Global Market Energy Conversion 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

OCTOBER 28, 2020

Mercedes-Benz AG and Aston Martin Lagonda Global Holdings plc announced a new strategic technology agreement and an enhanced partnership. Access to these technologies will be granted in exchange for new shares in Aston Martin, issued in several stages over the next 3 years, up to a total value of £286 million (US$373 million).

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Aston Martin Mercedes Hybrid Grant 279

Green Car Congress

MAY 8, 2014

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Investors in the round included Mitsui Global Investment, VenturEast and a strategic OEM partner along with its existing investors Bessemer Venture Partners, New Enterprise Associates and Infield Capital.

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Financing Engine Africa Asia 291

Green Car Congress

AUGUST 21, 2020

Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements.

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Carbon Companies Climate Tax Credit 221

Green Car Congress

MAY 4, 2020

The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis. —CEFC CEO Ian Learmonth.

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Hydrogen Financing Australia Renewable 286

Green Car Congress

JANUARY 5, 2011

the developer of a Consolidated Bioprocessing (CBP) platform for low-cost production of cellulosic ethanol using the Q-microbe ( earlier post ), have formed a strategic partnership to accelerate commercialization efforts for industrial-scale cellulosic ethanol production. India-based Praj Industries Limited and Qteros, Inc.,

Financing 170

Financing Commercial Industry Industrial 170

Green Car Congress

APRIL 26, 2023

The $27-million Series A funding was led by BMW i Ventures (BiV) and Energy Impact Partners (EIP), and included participation from Fifth Wall, Bioindustrial Innovation Canada (BIC), and existing investor Planetary Technologies. 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

JUNE 17, 2021

The Carbon Zero project team includes Koch Project Solutions as the EPC, Worley for engineering and technical solutions, Axens for process engineering and technology license, and ATSI serving as owner’s representative, working with our in-house Aemetis technology, development, finance, regulatory, and Global Sales and Trading team members.

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Renewable Diesel Engine Production 186

Green Car Congress

OCTOBER 13, 2021

Norway-based FREYR Battery has formed a 50:50 joint venture in the United States with Koch Strategic Platforms (KSP) to develop an initial 50 GWh of Gigafactory-scale battery cell manufacturing capacity in the US based on 24M Technologies (24M) SemiSolid platform technology ( earlier post ).

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Lithium Ion Norway Convert Financing 305

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

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

DECEMBER 23, 2013

The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). Ormat Technologies, and AltaRock Energy. It was built by US Geothermal and TAS Energy.

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Costa Rica Industry Industrial El Salvador 310