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Electreon to supply Israel’s 4th largest bus operator with wireless charging infrastructure; simultaneous charging of 30 buses

Green Car Congress

Electreon, a provider of wireless and in-road electric vehicle (EV) charging technology, signed an agreement of cooperation with Israel public transportation company Electra Afikim. Electra Afikim is the fourth-largest bus operator in Israel with roughly 1,400 buses. This is the second commercial deal signed by Electreon in Israel.

Charging 355
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Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

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
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Foresight signs a pilot agreement with one of China’s top three largest car manufacturers

Green Car Congress

Israel-based Foresight Autonomous Holdings Ltd., The pilot project will be financed by the manufacturer, except for production, shipping and system installation costs of Foresight’s Eyes-On system. The parties will consider entering into a future commercial agreement based on the results of the pilot project.

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Wireless EV charging roads piloted in the U.S., Europe

Teslarati

Israel-based company Electreon is one such company piloting wireless roads, as detailed in a report from CNBC on Monday. The Swedish government helped finance the vast majority of the $10.5-million million project, which Electreon calls a “pre-commercial demonstration project” of the electrified road concept. In the U.S.,

Europe 115
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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

The growth was mainly driven by higher Polestar 2 sales and continued commercial expansion across markets. billion in financing and liquidity packages from major shareholders, which will, in addition to other potential financing activities, provide Polestar will sufficient funds to operate through 2023. and the USA.

Kuwait 95
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Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia

Green Car Congress

Israel-based Ampal-American Israel Corporation signed an option exercise agreement with Merhav (M.N.F) The purchase of the 25% equity stake and the conversion of the loan is subject to the initial disbursement of a loan from Banco do Brasil, the lender providing project financing to the project.

Colombia 186
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EV battery swap company Better Place files for liquidation

Green Car Congress

Better Place, a high-profile developer and proponent of a battery switch model for electric vehicles ( earlier post ), filed a motion with the Lod District Court in Israel to ask for the dissolution of the company and the appointment of a temporary liquidator. Israel was the first place in which an electrical car could travel without limit.

Companies 286