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SK invests in electrofuels company Infinium

Green Car Congress

SK Trading International (SKTI), a wholly owned subsidiary of SK Innovation, has closed a round of institutional funding into electrofuels developer Infinium. Earlier post.) The investment will support acceleration of Infinium’s commercial developments globally.

Companies 355
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Velodyne Lidar acquires AI software company Bluecity

Green Car Congress

Velodyne Lidar has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company, in an all-stock transaction. Velodyne’s Intelligent Infrastructure Solution (IIS) combines the company’s award-winning lidar sensors and Bluecity’s AI software.

Companies 311
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Australian freight company orders 36 Volvo FL Electric trucks

Green Car Congress

Australian express freight company, Team Global Express, has placed an order for 36 Volvo FL Electric trucks. This is Volvo’s largest electric truck order to date in Australia. The trucks will hit the streets of Sydney during the first quarter of 2023.

Volvo 364
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Canada orders three Chinese companies to divest from Canadian critical minerals companies

Green Car Congress

The Government of Canada has ordered the divestiture of the following investments by three Chinese companies in Canadian critical mineral companies: Sinomine (Hong Kong) Rare Metals Resources Co., Power Metals Corp is a Canadaian mining company exploring and developing cesium, lithium and tantalum assets in Canada.

Canada 285
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NYK Line invests in waste-to-biofuel company

Green Car Congress

NYK Line has invested in Japan-based Sustainable Energy Co.

Waste 363
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Amazon invests in electrofuels company Infinium

Green Car Congress

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

Companies 355
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Tips To Increase Safety with Company Cars

Clean Fleet Report

Tips To Increase Safety with Company Cars. As a company, you may need a fleet of cars for business purposes. With that being said, here are some helpful tips to help keep employees safe on the road with company cars this year. Some company cars should just be for executives.

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The Secret To Marketing Success for Trucking Companies

Clean Fleet Report

Your trucking company’s name is one of its most important branding elements. Here are 15 tips to help you choose the perfect name for your trucking company: 1. Your name should give some hint as to what your trucking company does or what kind of goods you transport.

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The Boring Company’s Vegas Loop hosts rescue simulation from Clark County Fire Dept

Teslarati

The Boring Company’s Vegas Loop tunnels recently hosted a rescue simulation from the Clark County Fire Department. In a post on social media, Clark County Nevada noted that the exercise was a good way to prepare for any uncertainties that may arise in the Boring Company’s Vegas Loop tunnels.

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

Green Car Congress

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.

Companies 355
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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.

Companies 114
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Mercom: Corporate funding for energy storage companies hit $26.4B in 2022; up 55% y-o-y

Green Car Congress

Corporate funding for energy storage, smart grid, and energy efficiency companies. VC funding for energy storage companies decreased 34% with $5.8 Lithium-ion-based battery technology companies received the most VC funding in 2022. Smart grid companies raised $3.3

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BMW i Ventures leads investment in autonomous forklift company, Fox Robotics

Green Car Congress

Concurrent with the closing of the round, Till Reuter, former CEO of KUKA, and David Fuller, former CTO of KUKA and current CEO of Artificial, will join the company as independent board directors. Supply chain efficiency and resiliency are top of mind for many companies today.

Companies 363
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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.

Las Vegas 114
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Stellantis to acquire stake in Faurecia/Michelin hydrogen company Symbio

Green Car Congress

Faurecia, a company of the Group FORVIA, Michelin and Stellantis announced the start of exclusive negotiations for Stellantis to acquire a substantial stake in Symbio, a provider ofzero-emission hydrogen mobility, to become a significant player along with existing shareholders Faurecia and Michelin.

Hydrogen 195
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Electric propulsion company Evolito acquires aerospace battery company Electroflight; full powertrain solutions capability

Green Car Congress

Evolito, a privately-owned company designing and manufacturing electric motors and controllers for aerospace applications, has acquired the business and assets of aerospace battery solutions company '.

Companies 212
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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.

Companies 114
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Toyota joins 7 other companies in Rapidus venture to develop next-gen 2nm semiconductors in Japan

Green Car Congress

The companies are investing a combined ¥7.3 Rapidus will collaborate with IBM and other companies in the United States to develop technology for 2nm-generation logic semiconductors; Rapidus will demonstrate it with a test chip.

Japan 311
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International Seabed Authority greenlights seabed nodule collection trials by Metals Company

Green Car Congress

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

Green Car Congress

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.

Companies 364
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Electrolyzer company Hystar raises US$26M to scale up to full commercial operations

Green Car Congress

Hystar AS, a Norway-based electrolyzer company, announced a Series B funding round of US$26 million to support the scale-up to full commercial operations with an automated GW-capacity production line by 2025.

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How to Start and Run a Trucking Company That Stands Out

Clean Fleet Report

How to Start and Run a Trucking Company That Stands Out. There are many different ways to start and run a trucking company. Or you could try something different—something that will set your trucking company apart from the rest.

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Mercedes-Benz acquires electric motor technology company YASA

Green Car Congress

Mercedes-Benz has acquired YASA, a pioneer in next-generation electric drive technology.

Motor 371
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Havyard establishes company for hydrogen power for ships

Green Car Congress

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.

2020 382
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Kentucky may be next to get an Elon Musk Boring Company tunnel

Teslarati

Louisville, Kentucky, might be the next city to have a tunnel built by Elon Musk’s company, The Boring Company. One of the key elements of its plan is a potential Boring Company Tunnel concept. News Featured The Boring Company

Kentucky 105
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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

Green Car Congress

TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. The local grid near the company’s headquarters in Southern California provides 2 MW of power, while its fifth-generation fusion research reactor, Norman, operates at up to 750 MW.

Fusion 217
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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

Green Car Congress

The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

Japan 363
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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.

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ZeroAvia acquires high-temperature PEM fuel cell company HyPoint

Green Car Congress

The two companies have worked closely together on co-developing and testing HTPEM fuel cell technology as part of ZeroAvia’s powertrain development over the last couple of years, with HyPoint relocating the bulk of its R&D into the UK in February 2022 to support the partnership.

Companies 212
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The Boring Company announces start of full-scale Hyperloop testing

Teslarati

This was hinted at by The Boring Company, which recently shared an image of what appears to be a Tesla Model 3 sedan inside a “full-scale Hyperloop” test tunnel. The Boring Company’s recent social media post reveals that this is not the case.

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In Elon Musk’s intertwining web of companies, Twitter is the latest addition

Teslarati

Elon Musk recently added Twitter to the list of companies he currently controls. Tesla, SpaceX, the Boring Company, and others have all worked as an intertwining web of entities with Musk acting as the spider. News Boring Company Elon Musk Featured SpaceX Tesla Twitter

Companies 108
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The Boring Company Vegas Loop plans revealed for the Westgate portion

Teslarati

Last week, The Boring Company (TBC) submitted plans revealing the Vegas Loop’s route to Westgate. The LVCC Riviera Station connects to The Boring Company’s more expansive Vegas Loop. The Boring Company tests Prufrock II, aims to beat Gary the Snail by 2024.

Las Vegas 114
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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.

Las Vegas 114
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Volkswagen Group software company CARIAD selects BlackBerry QNX for its software platform

Green Car Congress

CARIAD, the Volkswagen Group’s software company, has selected BlackBerry QNX technology as one component of its software platform VW.OS.

Companies 355
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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

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Nucor investing in start-up company Electra developing zero-carbon iron technology

Green Car Congress

The company electrochemically refines iron ore into pure iron at 60 degrees Celsius (140 degrees Fahrenheit) using renewable electricity.

Carbon 260
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The Boring Company posts impressive LVCC Loop stats from CES 2023

Teslarati

The Boring Company has released the stats of its Loop system at the Las Vegas Convention Center following CES 2023, which ran from January 5 to January 8, 2023. pic.twitter.com/Uspcmyb9sn — The Boring Company (@boringcompany) January 10, 2023. the Boring Company wrote.

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

Green Car Congress

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.

Companies 247
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Solid-state sodium-ion battery company LiNa Energy closes out £3M late seed funding round

Green Car Congress

Solid-state sodium-ion battery company LiNa Energy has closed out a £3-million (US$3.4-million) late seed funding round, primarily from existing investors. The company expects to be launching a Series A in Q2 2023 to fund a pre-pilot line. To date the company has secured more than £10.5

Sodium 265
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Elon Musk’s Boring Company won’t build pedestrian tunnel in Kyle, TX

Teslarati

The city of Kyle, Texas, would not be getting a pedestrian tunnel from Elon Musk’s tunneling startup, The Boring Company. Most of The Boring Company’s existing projects are currently centered in Las Vegas, Nevada. News Elon Musk Featured The Boring Company

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

Green Car Congress

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.

Hydrogen 370
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Toshiba splitting into three companies; first such spin-off scheme for a Japanese company of this size

Green Car Congress

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.

Companies 264
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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies.

Asia 82