Amazon invests in electrofuels company Infinium

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Infinium Electrofuels have the potential to help investor Amazon and other companies to decarbonize their operations and meet their net-zero carbon goals.

Direct lithium extraction company EnergyX secures $20M in funding commitments

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Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market.


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Boring Company Las Vegas Convention Center Loop to welcome its first visitors in June


The Las Vegas Convention and Visitors Authority (LVCVA) announced that The Boring Company’s Las Vegas Convention Center (LVCC) Loop is operational and expects to welcome its first visitors in June 2021. The Boring Company built two one-way tunnels stretching.8

Havyard establishes company for hydrogen power for ships

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For several years now, the Norway-based marine and maritime technology company Havyard Group has carried out research and development work on hydrogen propulsion for large vessels, for example through the Pilot E project, in order to develop a large-scale maritime hydrogen project.

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The Boring Company’s initial fare prices for the greater Vegas Loop are released


The Boring Company has released the fare prices for the Vegas Loop, and they are quite reasonable. Credit: The Boring Company ). The Boring Company has posted its initial estimated fares per vehicle for the upcoming Vegas Loop. Credit: The Boring Company ).

First videos of The Boring Company’s working LVCC Loop in action emerge


The Boring Company’s Las Vegas Convention Center Loop is now complete, and the first batch of videos of the low-cost underground transport system in action have been shared online. Here’s the escalator ride down into Central Station of the Boring Company’s Convention Center Loop.

Tesla Robotaxi rollout gets supports from FL Mayor advocating for Boring Company tunnels


The Miami Mayor has been in talks with Elon Musk’s Boring Company for a tunneling project in his city. Now it seems he has also embraced another one of Musk’s companies. Mayor Francis Suarez is developing a potential Boring Company transit system in Miami.

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Saga Pure takes 33% stake in liquid hydrogen storage technology company

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Norway-based Green inverstment company Saga Pure ASA has committed to subscribe for NOK 30 million (US$3.5 Following the private placement, Saga will have an ownership of approximately 33% in the company.

Boring Company gets another potential FL project in North Miami Beach


North Miami Beach Vice Mayor Michael Joseph has initiated talks with Elon Musk’s Boring Company for a one to two-mile tunnel under State Road 826. Joseph suggested that money from tolls might help pay for The Boring Company project. News Elon Musk Featured The Boring Company

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Daimler to split into two pure-play companies: cars & vans, trucks & buses

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Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company.

The Boring Company’s updated projects page no longer lists D.C.-Baltimore tunnel


The Boring Company’s updates to its official website have removed references to some of the tunneling startup’s announced projects, such as the D.C.-Baltimore The Boring Company receives verbal ‘approval’ to build NY to DC Hyperloop tunnel.

TIME Names BYD (“Build Your Dreams”) Among One of the “100 Most Influential Companies” List

EV Obssesion

4/27/2021) – TIME announced Tuesday BYD (“Build Your Dreams”) earned a spot on its inaugural “100 Most Influential Companies” list, recognizing the company’s extraordinary impact as the world’s leading electric vehicle manufacturer. LOS ANGELES, Calif.

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Canadian company AK Motor International introduces new EV brand: Maple Majestic

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Canada-based AK Motor International Corporation, an automotive intellectual property management company, is launching a new electric vehicle brand: Maple Majestic. Climate Friendly driving does not necessarily mean an SUV, says the company.

Solid-state battery company Solid Power closes $130M Series B led by BMW, Ford and Volta

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Solid Power, a developer of all solid-state batteries for electric vehicles, announced a $130-million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies.

Elon Musk’s Boring Company introduces updated lineup of tunneling products


Elon Musk’s Boring Company has announced its updated lineup of tunneling products and services. With its expanded list of offerings, The Boring Company could extend its reach beyond mass transportation. The Boring Company’s tunnels could also be used for pedestrian use.

DTE Energy Partners With Ford Motor Company On New Rooftop Solar Installation & Battery Storage Technology

EV Obssesion

The post DTE Energy Partners With Ford Motor Company On New Rooftop Solar Installation & Battery Storage Technology appeared first on EV Obsession.

Methanol fuel cell company Blue World acquiring Danish Power Systems

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Blue World Technologies, developer and manufacturer of methanol fuel cells, is acquiring Danish Power Systems, a 25-year-old High Temperature Polymer Electrolyte Membrane (HTPEM) membrane electrode assembly (MEA) research and development company.

European power-to-methane company Electrochaea opens California subsidiary

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In 2019 the company opened a third pilot plant at the US Department of Energy’s National Renewable Energy Laboratory (NREL) with support from SoCalGas. The company has several renewable methane projects under development in the US as it moves forward with commercial roll-out in North America.

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Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

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The resulting company will have a A$4-billion (US$3.1-billion) market capitalization, making it the fifth-largest by capitalization. Company management anticipates robust demand for lithium in the mid-long term.

Battle Motors acquires Crane Carrier Company; Class 7 and 8 vocational truck electrification

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EV technology developer Battle Motors has acquired commercial vehicle OEM Crane Carrier Company. Crane Carrier Company (CCC) has been manufacturing commercial vehicles for 75 years and is based in New Philadelphia, Ohio with 180 sales and service dealers throughout North America.

Geely Auto forms new premium electric car company Zeekr; SEA EV architecture

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Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles.

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Israeli Electric Company Pioneering Research Mission on International Space Station to Test Extreme Fast Charging in Space

EV Obssesion

The post Israeli Electric Company Pioneering Research Mission on International Space Station to Test Extreme Fast Charging in Space appeared first on EV Obsession.

AI vision system company Recogni raises $48.9M Series B

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Since July 2019, when Recogni raised $25 million in Series A funding, the company has completed successful proof-of-concept demonstrations with customers that validate Recogni’s approach. Recogni Inc., the developers of an AI vision cognition system for autonomous vehicles, raised $48.9 million in a Series B financing round, led by WRVI Capital, a prominent global technology investor.

Electric VTOL company Lilium completes $240M funding round

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Lilium, the Munich-based aviation company developing an all-electric, vertical take-off and landing aircraft for regional air mobility ( earlier post ), completed an internal funding round worth more than $240 million.

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HET motor company Linear Labs raises $6M in new funding

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Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base. The new capital comes shortly after Linear Labs’ $68.9

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U.S. Xpress invests in autonomous trucking technology company TuSimple

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Trucking company U.S. has invested in TuSimple , a self-driving technology company bringing to market an autonomous solution for long-haul freight transportation ( earlier post ). Last year, the company introduced its tech-enabled fleet, Variant, and in coming months, will be rolling out a new brokerage offering. Xpress remains focused on transforming from a traditional trucking company to a digital transportation solutions provider. Xpress Enterprises, Inc.

Northvolt acquires US Li-metal battery company Cuberg; next-gen battery cells for electromobility

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European battery-maker Northvolt has acquired Cuberg , a US-based battery technology company delivering high-performance lithium-metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions.

Solid-state battery company Quantumscape to list on NYSE; $3.3B valuation

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a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company.

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Motor and controller company Aeristech closes $7M private placement; SAIC participation

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The funding round will supercharge the company’s investment in its development of e-boost technologies for hydrogen fuel-cell, hybrid-electric and internal combustion engine powertrains utilizing its patented technology. This includes expanding the company’s skilled engineering and design talent, adding new test cells and investing in the next generation of R&D.

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Lightning eMotors delivers first all-electric motorcoach to ABC Companies; order for 200 ZEVs

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Lightning eMotors, a leading provider of commercial electric vehicles for fleets, announced a $45-million order for its zero-emission powertrain systems from Faribault, Minnesota-based motorcoach supplier ABC Companies.

Qatar invests $125M in energy storage company Fluence

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This summer, the company announced its sixth-generation Tech Stack, comprising integrated hardware, operating software and digital intelligence engines. Fluence, the global energy storage solutions joint venture between Siemens and AES, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction.

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Electric powertrain company IRP Systems raises $17M in Series B

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The company’s global customer base includes top automotive and micro-mobility manufacturers. IRP Systems was originally founded as an aerospace powertrain company by Paul and Moran Price. The company developed and perfected systems designed to meet the stringent standards of the aerospace industry. The company made the strategic decision to redirect its versatile products and software to address the rapidly growing demand in the automotive sector.

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Electric commercial vehicle company SEA Electric raises $42M; partnership with Exro

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The company forecast is to have more than 15,000 vehicles on the road by the end of 2023. SEA Electric Holdings Pty Ltd. recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million.

Tesla registers insurance company at Giga Berlin’s address


In Q2 2020, Elon Musk and Zachary Kirkhorn stated that the company intended to expand Tesla Insurance. Last month, those plans seemed to be pushing forward with the company taking steps to introduce Tesla Insurance in other US states, including Texas, Illinois, and Washington.

Toyota, 5 Chinese companies establish R&D JV for commercial vehicle fuel cell systems in China

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Each company will invest in the joint venture. FCRD is a company that holds tremendous significance for Toyota's global FC strategies. Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co.,

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Si-dominant Li-ion company Enevate targeting power tool market

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Enevate, a pioneer in advanced silicon-dominant lithium-ion (Li-ion) battery technology capable of high energy density and fast charging for electric vehicles (EV), is applying its battery solutions to advanced power cells for the power tool market and other high power applications.

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Electric motor company Aeristech expanding into aviation; HyFlyer II partnership

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Aeristech’s aerospace facility will enable the company to begin offering its expertise in market-leading power-dense electric motors and motor controllers to the aerospace sector, including for hydrogen fuel-cell compressors, which will make it possible to reduce aviation emissions. The planned expansion of Aeristech will see the company invest in an advanced facility in the West Midlands from which the company will deliver high tech projects with its aerospace sector partners.

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Volvo Group Venture Capital invests in EV charging software company Driivz

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a global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. We are impressed by the company and we believe the Volvo Group can add considerable value to the development of the business in the future.

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Workhorse receives purchase order for 500 C-1000 electric delivery trucks from Pritchard Companies

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received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Vehicles will be distributed through Pritchard Companies’ dealership locations across the country. Workhorse Group Inc.

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BMW Group invests in MOE company Boston Metal; CO2-free steel production

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The BMW Group company is investing in an innovative method for CO 2 -free steel production developed by American startup Boston Metal ( earlier post ), through its venture capital fund, BMW i Ventures. The young company will build demonstration facilities for this process over the next few years and further develop it for use on an industrial scale. The company is now investing in the startup as part of its i Ventures activities.

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PHEV company VIA acquires automotive engineering company

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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.

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Tel Aviv-Yafo Municipality, in partnership with ElectReon and Dan Bus Company, launches electric road pilot

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Tel Aviv-Yafo Municipality, in partnership with ElectReon and Dan Bus Company, has launched a pilot project to install wireless electric roads for charging public transportation in the city.

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Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

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billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. We looked at over 100 companies, many of them in the EV and renewable energy space. DeepGreen Metals Inc.,