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.

E-bike company Ariel Rider raises $14.8M in Series A

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million in a Serie A round, which puts the company’s valuation at US$74.0 Seattle-based e-bike manufacturer Ariel Rider has raised US$14.8 million.

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The Boring Company posts stats from CES 2022

Teslarati

The Boring Company (TBC) released a few stats on the Las Vegas Convention Center (LVCC) Loop’s performance during CES 2022. In preparation for the event, The Boring Company increased the LVCC Loop’s Tesla fleet.

The Boring Company’s new flagship tunneling machine arrives in Las Vegas

Teslarati

The Boring Company (TBC) unleashed its new tunnel boring machine (TBM) named Prufrock in Las Vegas recently. Prufrock may help Elon Musk’s tunneling company build the Vegas Loop, which will feature several stops along popular tourist destinations in Las Vegas.

The Boring Company starts negotiations for San Antonio, Texas Loop

Teslarati

The Boring Company (TBC) started negotiations with the Alamo Regional Mobility Authority (RMA) after board members voted to conduct a feasibility study into the project. The Boring Company was one of two finalists for the San Antonio transportation project.

The Boring Company Vegas Loop gets approval from Commissioners

Teslarati

The Clark County Nevada Commissioners Board recently approved The Boring Company’s (TBC) Vegas Loop franchise agreement, marking another milestone in the project. As per the agreement, the tunneling company has permission to install and operate a Monorail part of the Vegas Loop.

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.

The Boring Company’s Interim Agreement with Fort Lauderdale gets approval

Teslarati

On Tuesday, June 07, the Fort Lauderdale City Commission agreed to enter into an Interim Agreement with The Boring Company (TBC) for its Las Olas Loop project. The Boring Company’s price for its cost estimate milestone will be announced once the tests are complete.

The Boring Company shares sneak peek of Prufrock-1 constructing the Vegas Loop Resorts World exit

Teslarati

The Boring Company (TBC) provided a sneak peek into the Vegas Loop project after the LVCC Loop’s outstanding performance during CES 2022. The tunneling company showed Prufrock-1’s progress with the Resorts World exit.

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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Autonomous vehicle simulation company MORAI secures US$20M Series B

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The company subsequently has established itself as South Korea’s sole provider of full-stack autonomous vehicle simulation solutions. Korea-based MORAI , a developer of full-stack autonomous vehicle simulation technology, secured a US$20-million Series B funding round.

Austrian bus company signs framework agreement for up to 106 Solaris battery-electric and hydrogen buses

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Austrian bus company Österreichische Postbus AG (ÖBB Postbus) has signed another framework agreement with Solaris for the delivery of up to 106 battery-electric and hydrogen buses that would be deployed throughout Austria.

Major companies with large fleets release new EV roadmap for car & truck manufacturers

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Members of the Corporate Electric Vehicle Alliance presented top vehicle manufacturers, including Volvo, GM, Daimler and Toyota, with a roadmap for developing the types of electric vehicles that companies plan to acquire in the US over the next five years.

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Boring Company’s Vegas Loop receives unanimous approval for another expansion

Teslarati

The Boring Company’s Vegas Loop has received unanimous approval from the Las Vegas City Council, who voted to expand the Loop to City Limits in downtown Las Vegas. The Boring Company (@boringcompany) June 15, 2022. Credit: Boring Company.

The Metals Company completes latest deep-sea research campaign

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In 2022, the Company will conduct an initial Prototype Collector Vehicle maneuverability test in the Atlantic Ocean, followed by pilot collection system trials in the CCZ later in the year. TMC’s NORI-D nodule project is the first in the company’s project development pipeline.

Vaekstfonden and DEUTZ AG invest €15M in methanol fuel cell company Blue World Technologies

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Vaekstfonden, the Danish Growth Fund, and the German engine manufacturer DEUTZ AG, are investing €15 million in methanol fuel cell company Blue World Technologies. The aim is to bring the company’s green fuel cell products and solutions to the global market. million in the company.

Toshiba splitting into three companies; first such spin-off scheme for a Japanese company of this size

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Toshiba Corporation intends to split itself into three standalone companies: Infrastructure Service Co. The separation will create two distinctive companies with unique business characteristics leading their respective industries in realizing carbon neutrality and infrastructure resilience (Infrastructure Service Co.), During its review, the SRC sought input from shareholders on the company’s strategic direction and held discussions with a number of potential partners.

The Boring Company’s San Antonio Loop negotiations are inching forward

Teslarati

The Boring Company is currently engaging with San Antonio leaders to explore and potentially pursue an underground transportation tunnel system. Alamo Regional Mobility Authority Chair Mike Lynd believes that the Boring Company’s transportation tunnels are feasible.

Uranium Energy Corp completes acquisition of Uranium One Americas; largest uranium mining company in US

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The uranium-bearing solution is brought back to surface through production wells where the uranium is concentrated on resin beads for trucking to the company’s Hobson Processing Plant to be concentrated further and dried into yellowcake for market. Uranium Energy Corp.

Koura acquires organosilicon electrolyte company Silatronix

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Koura , a developer, manufacturer, and supplier of fluoroproducts and technologies and part of the Orbia community of companies, has signed a definitive agreement to acquire Silatronix , a specialist in organosilicon (OS) electrolytes ( earlier post ). The company is executing on a comprehensive energy materials strategy; the Silatronix acquisition complements Koura’s capabilities in energy storage deployment.

The Boring Company raises $675M to scale boring machine production & more

Teslarati

The Boring Company (TBC) announced that it raised $675 million in a Series C funding round led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. The financing values The Boring Company at $5.675 billion.

The Boring Company expands its reach with wider freight tunnels

Teslarati

Elon Musk’s Boring Company might be working on 21 ft tunnels to transport standard-sized freights side-by-side. Wider tunnels could expand The Boring Company’s business. Fits a standard shipping container (barely)[!],” wrote The Boring company in its description of the freight tunnel.

The Boring Company proposes tunnels in Austin and San Antonio

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Elon Musk’s The Boring Company (TBC) has started discussing potential tunneling projects in Austin and San Antonio with city officials. Elon Musk’s Boring Company linked to 73-acre purchase in Texas. The Boring Company was no exception.

Germany awarding €600M to transport companies for zero- and low-emission buses

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Germany is awarding some €600 million to transport companies for the purchase of climate friendly buses. Around 1,700 buses will be procured by the transport companies with this tranche of funding from the new “Directive on the Promotion of Alternative Drives of Buses in Passenger Transport”. Eight companies received their funding notices on Thursday: KVG Kieler Verkehrsgesellschaft mbH: 50 battery buses. Bremen tram joint-stock company: 50 battery buses.

Boring Company San Antonio project gets some competition

Teslarati

The Boring Company’s (TBC) potential San Antonio project has some competition. The Alamo RMA received five proposals in total, including one from The Boring Company. from North Carolina, and a software company Modutram from Mexico. . News Elon Musk Featured The Boring Company

The Boring Company gets shot at exclusive negotiations for Las Olas Loop in Fort Lauderdale

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The Boring Company (TBC) has a chance to start exclusive negotiations with Fort Lauderdale city officials for its proposed Las Olas Loop. . In July, Fort Lauderdale accepted The Boring Company’s Las Olas Loop proposal but gave other firms 45 days to submit competing bids.

Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. The Okanjande deposit has large measured and indicated resources and the Company intends to assess building a new processing plant with 100-150,000 tpy of production capacity. the company paid Imerys approximately CDN$17.8

V2X company Fermata Energy raises $40M in recent round

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Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures. The company’s V2X software technology aims to transform electric vehicles into energy-storage assets, making EV ownership more cost effective.

3D electrode company Addionics closes $27M Series A

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The company’s core IP is its patented and scalable electrode fabrication process that significantly lowers manufacturing costs, enabling mass market adoption of 3D electrode structures for the first time.

The Boring Company’s Bastrop site under investigation

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The Texas Commission on Environmental Quality (TCEQ) opened investigations into The Boring Company’s Bastrop site after receiving three complaints about wastewater and concrete production. The Boring Company purchased 73 acres in Bastrop county.

Solvay invests in Li-metal battery company Sepion

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Solvay Ventures, the venture capital fund of Solvay, invested in Sepion, a California-based start-up that specializes in advanced membranes for batteries with Li-metal anodes and liquid electrolytes.

The Boring Company San Antonio Loop’s net revenue expected to be $25M per year, fares to start at $10

Teslarati

On Wednesday, May 18, The Alamo Regional Mobility Authority (RMA) board was briefed on more details about The Boring Company’s (TBC) proposed tunnel from the San Antonio International Airport to downtown. The Boring Company project is estimated to cost between $241 million and $298 million. .

Olympian Motors company is making Electric car.

Electric Vehicles India

Though the Ev company is yet to provide a production date for its first new electric car, However, the O1 Ev has been priced at 100,000 USD, and currently the company has reported and also taking 500 USD as the pre-booking amount. The post Olympian Motors company is making Electric car.

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The Boring Company proposes underground Loop for Fort Lauderdale

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Trantalis announced that The Boring Company (TBC) has submitted a proposal to build an underground transit system in the city. Since the beginning of the year, Mayor Trantalis has communicated with The Boring Company for a potential project in New River. Fort Lauderdale Mayor Dean J.

SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

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Nextera, the largest power generation and renewable energy development company in the United States, also participated in the round. SK says Monolith is the only company with cyan hydrogen process technology that has entered the commercialization stage.

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.

Elon Musk’s Boring Company linked to 73-acre purchase in East Texas

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Elon Musk’s Boring Company has been linked to a 73-acre land purchase in Bastrop County, Texas. The Boring Company (TBC) already established an office building in Pflugerville. The Boring Company and Gapped Bass LLC are closely linked to each other.

Girteka Logistics becomes one of the first companies to be recognized as a Green Carrier by DHL

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The largest asset-based transportation company in Europe, Girteka Logistics, was one of the first road freight transport companies to be given the Green Carrier Certificate by one of its partners, DHL.

Sodium-ion battery cathode material company Altris secures €9.6 million in Series A funding

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Uppsala-based sodium-ion battery company Altris AB ( earlier post ) raised €9.6 The funding secures Altris’ production scale-up of the company’s innovative battery cathode material, Fennac, to 2,000 tonnes, enabling 1 GWh of sustainable batteries and further research and development of sodium-ion batteries to take place. The company sells Fennac to battery-cell producers, which can use existing lithium-ion manufacturing processes and equipment to produce Fennac-based batteries.

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Elon Musk’s Boring Company submits plans for 6.2-mile Loop system in Miami

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It appears that Elon Musk’s tunneling startup, The Boring Company, is looking to secure its next big project. As per a recent report, The Boring Company has submitted a proposal to build the North Miami Beach Loop, a 6.2-mile transport tunnel system in Miami, FL.

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BMW Group investing in lithium extraction company Lilac Solutions

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New investors in the round in addition to BMW include SK Materials, Presidio Ventures (a Sumitomo Corporation Group Company), MCJ Collective, and Earthshot Ventures. The company seeks to significantly reduce environmental impact compared to conventional methods, while, at the same time, protecting local communities and ecosystems. The BMW Group has made sustainability and resource efficiency central to the company’s strategic direction.

Mercedes-Benz joins Automotive Cells Company (ACC) as future equal shareholder; third gigafactory slated for Italy

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Stellantis, TotalEnergies/Saft and Mercedes-Benz have finalized the agreement to bring Mercedes-Benz onboard as a new, equal partner of Automotive Cells Company (ACC). Earlier post.) The partners have committed to increase ACC’s industrial capacity to at least 120 GWh by 2030. By then, its French (Billy-Berclau/Douvrin) and German (Kaiserslautern) plants will each be able to produce at least 40 GWh per year against the 24 GWh initially planned.

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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.