Tenneco acquires Federal-Mogul for $5.4B; to create two independent, public companies

Green Car Congress

Tenneco also announced its intention to separate the combined businesses into two independent, publicly traded companies through a tax-free spin-off to shareholders that will establish an aftermarket & ride performance company and a powertrain technology company.

2018 90

HD REV powertrain company Wrightspeed gearing up for commercialization push

Green Car Congress

The company recently showcased its powertrain technology alongside Mack Trucks at Waste Expo 2016 in Las Vegas and signed a $30+ million deal with NZ Bus, signaling multinational and multimodal demand for the company’s powertrain technology. Wrightspeed Inc.,

2016 159

Trending Sources

Clean powertrain company Punch Powertrain acquires power electronics specialist Apojee

Green Car Congress

Among the company’s current offerings are: emKERS. Punch Powertrain, a Belgium-based full-system supplier of fuel-efficient powertrains including transmissions and plug-in hybrid and battery-electric systems, is acquiring France-based power electronics expert Apojee.

2018 94

Navigant Research ranks EV charging network companies

Green Car Congress

In a new Leaderboard Report , Navigant Research assesses the business strategy and execution of 12 companies offering public charging networks and EV charging services. Companies in the commercial charging space will face a transitional market over the next few years.

2016 101

Ricardo forms company to commercialize cryogenic split-cycle engine: CryoPower

Green Car Congress

Ricardo has created a company—Dolphin N2 Ltd—to commercialize its CryoPower cryogenic split-cycle engine technology ( earlier post , earlier post.)

2018 94

Indian ride-sharing company Ola to put 10,000 EVs on the road in 12 months, 1M by 2021

Green Car Congress

India-based Ola, one of the world’s largest ride-hailing companies, launched “ Mission: Electric ”, with a commitment to place 10,000 E-rickshaws and Electric auto-rickshaws in its service in the next 12 months.

2018 89

Tesla founder, Chinese company launch SF Motors electric cars

Green Car Reports

While Musk has now become synonymous with the electric-car brand, Tesla was actually founded by Martin Eberhard and Marc Tarpenning, who had previously founded and sold a eBook reader company. While both left the company in 2008, they have kept their hands in. In the beginning, there was Tesla, although it wasn't started by current CEO Elon Musk.

2018 69

Italgas switching 2,500-vehicle company fleet to FCA natural gas vehicles

Green Car Congress

Italgas is renewing its entire company fleet with methane-powered vehicles from Fiat Chrysler Automobiles.The first deliveries have begun in Turin, with similar deliveries to be made in Rome and Naples—two of the main cities where the Italgas Group operates—over the next few days.

2017 78

ION Energy acquires battery management company Freemens SAS

Green Car Congress

Start-up ION Energy , a company building high-performance energy storage systems and electric vehicle infrastructure, has acquired the French battery management company, Freemens SAS. The company is planning a formal Series A later this year. As part of the cash-plus-equity transaction, the entire Freemens engineering and sales team willÚ join the core team of ION.

2018 72

Brazil’s Aerotec to invest ~$5M in Li-S battery company OXIS Energy; expanding into Brazil

Green Car Congress

million) in Li-Sulfur battery company OXIS Energy. OXIS says that it has achieved 400 Wh/kg at the cell level; the company is targeting 500 Wh/kg for 2019. Aerotec, a Brazilian Private Equity fund, will invest £3.75 million (US$5.2

2018 94

11 Japanese auto, infrastructure and financial companies establishing new company to develop hydrogen stations

Green Car Congress

As a result of discussions that began in May 2017, eleven companies in Japan have signed an agreement to form a new company in the spring of 2018 aimed at the full-fledged development of hydrogen recharging stations (HRS) for fuel cell vehicles (FCV). The objective of the new company is to enhance the collaboration among infrastructure developers, automakers, and financial institutions in order to simultaneously accelerate and scale up Japan’s deployment of HRS and FCV.

2017 60

Harley-Davidson invests in Alta Motors; companies will collaborate on future electric motorcycle product development

Green Car Congress

has made an equity investment in Alta Motors , a leader and innovator in lightweight electric vehicles; the two companies will collaborate on electric motorcycle technology and new product development. Harley-Davidson, Inc.

2018 97

Roskill: Chinese companies step up their pursuit of lithium resources

Green Car Congress

China is stepping up its pursuit of control of the lithium supply chain, underpinned by the rapid growth of its lithium-ion battery industry building on agressive policy surrounding electric vehicle sales, according to metals and mining consultancy Roskill. One of China’s largest lithium-ion battery manufacturers, CATL, recently acquired North American Lithium from past owner Jilin Jien Nickel Industry.

2018 60

PHEV company VIA acquires automotive engineering company

Green Car Congress

VIA Motors, a privately held plug-in electric vehicle development and manufacturing company, has acquired Prodigy Engineering, an electric vehicle design, engineering and prototyping company. Prodigy has been under contract with VIA to prototype new vehicle models for the company’s expanding portfolio. VIA VTRUX deliver up to 40-mile battery range and unlimited extended range, averaging over 100 mpg in typical daily driving, according to the company.

Toyota invests in V2X chipset company Autotalks

Green Car Congress

Additionally, current Autotalks’ investors increased their investment in the company. As the USDOT issued NPRM (Notice for Proposed Rule Making) will soon be in effect, leading global automotive companies are ahead of regulation. As a result, Autotalks will continue to stay a step or two ahead of its competition as has been the case since the company’s inception.

2017 60

Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

Sinobioway is a leading Chinese company engaged in the bio-economy. Enerkem’s facilities are built as prefabricated systems based on the company’s modular manufacturing infrastructure that can be deployed globally. Canada-based Enerkem Inc.,

2018 94

Tesoro to acquire renewable fuels company Virent

Green Car Congress

Renewable fuels and chemicals company Virent and petroleum refiner and marketer Tesoro have reached an agreement for Tesoro to become Virent’s new strategic owner.

2016 78

This Is Why You Don’t Take Money From Oil Companies For Your Schools

Creative Greenius

When Chevron, or Phillips 66, or ExxonMobil or E&B oil companies give schools and nonprofits funding money they do it for one reason only. Sold them out to the very oil companies who are destroying their chance of having a decent future.

2015 202

Qualcomm makes strategic investment in safe battery technology company Amionx

Green Car Congress

Qualcomm has made a strategic investment in Amionx, a leader in safe battery technology. As part of its investment, Qualcomm President Derek Aberle will join the board of directors of Amionx.

2017 84

Alstom invests €14M in electric autonomous shuttle company EasyMile

Green Car Congress

The funds provided by Alstom will be used to accelerate the company growth and support the R&D program. Rail transport giant Alstom is investing €14 million (US$15 million), and thus taking a minority stake, in EasyMile, a start-up developing the EZ10 electric driverless shuttle.

2017 89

Preh acquires power electronics company ePower from Kongsberg Automotive

Green Car Congress

ePower Nordic AB was established in 2011 by Kongsberg Automotive and Swedish electronics company QRTECH to excel in the field of power electronics, meeting stringent requirements regarding quality, low weight and high power density. Lennart Garpenstedt, the ePower business unit head of Kongsberg Automotive, will become managing director of the future company Preh Sweden AB.

2017 60

Achates Power and Aramco Services Company partner on opposed-piston engine projects; Opposed-Piston Gasoline Compression Ignition (OPGCI)

Green Car Congress

The joint development agreement formalizes the cooperative relationship between the two companies. Achates Power, Inc.

2018 108

Cellulosic sugars company Renmatix raises $14M from Bill Gates, Total

Green Car Congress

Cellulosic sugars company Renmatix has raised $14 million. The investment, intended to support the commercializing of the company’s Plantrose process, was led by Bill Gates. From this well established foundation in industrial sugars, the company continues to expand its product portfolio by valorizing additional bio building block intermediates, including Omno polymers and crystalline cellulose.

2016 86

Toyota, Aisin and Denso investing $2.8B in new company to develop fully-integrated, production-quality software for automated driving

Green Car Congress

Toyota will establish a new company in Tokyo in the latter part of this month named Toyota Research Institute-Advanced Development (TRI-AD) that will accelerate its efforts in advanced development for automated driving. Going forward, the three companies will hold further discussions, aiming to conclude a concrete joint development contract. That’s what TRI has been working for, and that’s what the new company will push even further.

2018 86

Solid-state LiDAR company LeddarTech raises $101M in Series C

Green Car Congress

Solid-state LiDAR company. Representing the Company’s largest capital raise to date, this round of funding will allow LeddarTech to enhance its ASIC development efforts, expand its R&D team, and accelerate ongoing LiDAR development programs with select Tier-1 automotive customers for rapid market deployment. LeddarTech ( earlier post ) completed a combined investment of US$101 million led by Osram and including Delphi, Magneti Marelli and Integrated Device Technology, Inc.

2017 60

Toyota to establish in-house venture company for EV development

Green Car Congress

Toyota Motor Corporation (TMC) will establish an in-house venture company responsible for developing electric vehicles (EVs). The venture company, which initially will be a virtual organization comprising four people—one each from Toyota Industries Corporation, Aisin Seiki Co., The venture company will draw on the technological know-how and resources of the Toyota Group.

2016 76

New electric truck company Chanje emerges from stealth; first model out this year

Green Car Congress

Chanje, a California-based commercial electric vehicle and energy solutions company, has emerged from stealth mode. Chanje’s first model, the V8070 panel van, already has volume orders and will be delivered later this year.

2017 100

13 global companies launch Hydrogen Council in Davos; promoting hydrogen to help meet climate goals

Green Car Congress

Thirteen leading energy, transport and industry companies have launched a global initiative in Davos to voice a united vision and long-term ambition for hydrogen to foster the energy transition.

2017 116

Uber acquires self-driving truck company Otto

Green Car Congress

Uber has acquired Otto , a 90-plus person technology startup the stated mission of which is to rethink transportation, starting with self-driving trucks. Anthony Levandowski, Otto’s co-founder, will now lead Uber’s self-driving efforts and report directly to Travis Kalanick, Uber CEO and Co-Founder—across personal transportation, delivery and trucking—in San Francisco, Palo Alto and Pittsburgh.

2016 60

Daimler managers to drive PHEV company cars

Green Car Congress

As policy, Daimler managers will be driving electrified company cars—mainly its plug-in hybrid (PHEV) models. Furthermore, Daimler this year will invest a further €30 million (US$34 million) into extending the company’s own charging infrastructure across many of its sites. The agreement applies to the company’s senior levels of management and focuses on plug-in hybrids.

2016 60

Small-scale GTL company Velocys suspends CEO

Green Car Congress

Velocys plc, a company developing and commercializing smaller scale gas-to-liquids (GTL) technology, has suspended its Chief Executive Officer, Roy Lipski, pending an investigation into allegations of “serious misconduct.” In a statement, the company said that the suspension does not constitute disciplinary action and does not imply any assumption whatsoever that he is guilty of any misconduct.

2015 65

Australia-based fast charger company Tritium expanding to US

Green Car Congress

Australia-based Tritium, developer and manufacturer of the Veefil 50 kW DC fast charger for electric vehicles, will open its first overseas premises in Torrance, California in early 2017. The US facility will focus on technical customer support, assembly, manufacturing and R&D. The vast majority of our Veefil fast chargers are sold in the US, Europe and Asia.

2016 80

Mazda, Denso, and Toyota jointly to develop EV structural technologies; new company as joint development center

Green Car Congress

The three companies have also decided to establish a new company consisting of selected engineers from the three companies to ensure the efficient implementation of the joint technological development projects.

2017 78

Proterra joins CharIN as first NA electric bus company member

Green Car Congress

The Charging Interface Initiative ( CharIN e.V. ), an international organization developing and establishing the Combined Charging System (CCS) as the standard for charging battery-powered electric vehicles of all kinds, announced that Proterra has become its first North American electric bus company member.

2017 60

Toyota Tsusho strategic equity investor in bio-BTX company Anellotech

Green Car Congress

Catalytic pyrolysis company Anellotech, which focuses on producing cost-competitive BTX (benzene, toluene and xylene) from non-food biomass, revealed Toyota Tsusho Corporation as a multinational strategic equity investor and corporate partner in the renewable aromatic chemicals supply chain.

2016 78

Volkswagen founds mobility services company in Rwanda; to begin local assembly of Polo and Passat

Green Car Congress

The Volkswagen brand has founded “Volkswagen Mobility Solutions Rwanda”, a company based in Rwanda. Overall, Volkswagen and its partner companies will create up to 1,000 jobs in Rwanda. In addition to Rwanda, the Volkswagen brand is also active at three other locations in the Sub-Sahara region: the company has been manufacturing vehicles in South Africa since 1951. The objective is to provide modern integrated mobility services in Africa in future.

2018 65

ECN’s spin-out company LeydenJar delivers prototype pouch-cell battery with pure silicon anode

Green Car Congress

LeydenJar Technologies BV, a spin-out from Dutch energy research center ECN, has produced a pouch-cell prototype Li-ion cell using the pure silicon anode technology developed at ECN.

2017 84

Delphi to spin off powertrain segment as new independent company

Green Car Congress

Delphi Automotive PLC intends to execute a tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company (“Powertrain”). Immediately following the transaction, which is expected to be completed by March 2018, Delphi shareholders will own shares of both companies: Delphi Automotive with its Electrical/Electronic Architecture and Electronics & Safety businesses and Powertrain.

2017 60

Even oil companies now acknowledge electric cars are coming

Green Car Reports

Now, even oil companies are starting to acknowledge that there may be reality in that dream of the future. Advocates have long suggested that electric vehicles will begin to take over daily driving duties, slowly but surely, from the internal-combustion engine. France's Total SA, one of the world's largest oil producers, released its future. emissions sales climate change plug-in cars

EV charging companies form new trade association

Green Car Congress

Leaders from the electric vehicle (EV) charging infrastructure, technology and services industry have formed the Electric Vehicle Charging Association ( EVCA ), a not-for-profit trade association created to advance the EV charging industry. EVCA concurrently released The State of the Charge , a report documenting the charging industry’s rapid growth in California and the significant economic opportunity it presents for the state.

2015 65