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Pace purchases 20 Proterra ZX5 electric buses and EV fleet charging infrastructure

Green Car Congress

Pace is the transportation backbone of Chicago’s suburbs and one of the largest public bus service operators in North America, serving an area nearly the size of the state of Connecticut. Proterra and Pace Suburban Bus has awarded Proterra a $26.5-million Proterra 40' ZX5 Max.

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ChargePoint acquires eBus and commercial vehicle management provider ViriCiti to accelerate fleet electrification

Green Car Congress

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. IMPROVED Corporate Finance B.V. —Pasquale Romano, President and CEO of ChargePoint. Goldman Sachs & Co.

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H2X Global secures US$57M from Verde Mobility to deliver on US$300M in fuel cell vehicle orders

Green Car Congress

The deal will finance the delivery of H2X Global’s US$300 million in purchase agreements for vehicles that include the Warrego (utility vehicle), Paroo (garbage/deliver/concrete trucks), and Swan (passenger bus). UHL has expansion plans in North America and is looking to open an office in Canada later this year.

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GE Capital to provide financing for electric motorcycle maker Brammo

Green Car Congress

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.

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GM invests in battery recycling company Lithion

Green Car Congress

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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Canada’s BC Transit to buy ten 40' Proterra electric buses and megawatt-scale fleet charger

Green Car Congress

BC Transit in British Columbia, Canada has approved a $20-million contract to purchase ten 40-foot Proterra ZX5 electric transit buses and one Proterra Energy megawatt-scale EV fleet charger as part of the agency’s transition to a fully electric bus fleet.

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Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

Household income limits, vehicle price restrictions, assembly locations, and battery component requirements all factor into whether your EV purchase qualifies and how much you can save. Two sections of the law, 30D and 45W, detail individual tax credits and commercial tax credits, respectively. Now, you might be thinking, so what?