Companies, Corporation, Financing and Industry

SafeAI, Siemens, Obayashi collaborate to bring retrofitted autonomous, zero-emission heavy vehicles to off-road industries

Green Car Congress

JUNE 3, 2022

SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In May 2022, the companies began retrofitting the first 45 ton vehicle, which is expected to be ready by the end of 2022.

Industrial

Industrial Industry Emissions Vehicles

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

Green Car Congress

FEBRUARY 4, 2021

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. This is a historic moment for Daimler.

Companies

Companies Mercedes Cars North America

Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

Green Car Congress

OCTOBER 9, 2013

million in Series C financing. The company also announced the formation of a new Industry Advisory Board, and its selection as a semi-finalist in the Securing America’s Future Energy (SAFE) Energy Security Prize. Achates Power, Inc., Earlier post.). Earlier post.).

Financing

Financing Industrial Industry Engine

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

Green Car Congress

FEBRUARY 6, 2018

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. Sinobioway is a leading Chinese company engaged in the bio-economy. Earlier post.).

Financing

Financing Waste Companies Canada

Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

Green Car Congress

JUNE 15, 2023

OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.

Carbon

Carbon Fuel Financing Hydrogen

Group14 closes $18M in financing to scale-up silicon-carbon composite anode material

Green Car Congress

NOVEMBER 25, 2019

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. When the automotive industry is fully electrified, there will be a nearly trillion-dollar battery industry, 25 times bigger than today.

Financing

Financing Carbon Li-ion Lithium Ion

Iveco Group acquires full control of Nikola Iveco Europe

Green Car Congress

JULY 1, 2023

announced that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9 May 2023, its subsidiary Iveco S.p.A. Iveco Group N.V.

Europe

Europe North America Financing America

Mobility services infrastructure company Via closes Series E round; valued at $2.25B

Green Car Congress

MARCH 31, 2020

Via , a company that provides digital infrastructure to power public mobility in cities around the world ( earlier post ), has raised a Series E financing led by EXOR. The financing values the company at $2.25 EXOR is one of Europe’s largest diversified holding companies controlled by the Agnelli family.

Companies

Companies Malta New York City Financing

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

Green Car Congress

MAY 8, 2022

Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner. Sprott invested CDN$3.75

Namibia

Namibia Chinese Companies Financing

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

Green Car Congress

JANUARY 24, 2023

TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.

Fusion

Fusion Power Powered Companies

Airbus and LM Industries create mobility startup Neorizon; digital manufacturing

Green Car Congress

OCTOBER 12, 2019

Airbus and LM Industries, the the parent company of Local Motors and Launch Forth, have formed Neorizon to provide disruptive and innovative products with an initial focus on local mobility and autonomy. —Jay Rogers, CEO and founder of LM Industries. leadership.

Industrial

Industrial Industry Manufacturer North America

Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

Green Car Congress

APRIL 22, 2021

million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

Hydrogen

Hydrogen Universal Commercial Building

Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

JULY 20, 2021

for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. Through the partnership the company wants to expand its business which will focus on E-Rickshaw loans, two-wheeler & three-wheeler loans, loans for utility vehicles, unsecured business and personal loans etc.

Financing

Financing Electric Vehicles Motor Motors

Plug Power, Chart Industries and Baker Hughes to become cornerstone investors in FiveT Hydrogen Fund; clean hydrogen at scale

Green Car Congress

APRIL 6, 2021

Plug Power, Chart Industries, Inc. Plug Power intends to commit €160 million ($200 million), and Chart Industries and Baker Hughes each intend to commit €50 million respectively ($60 million). The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.

Hydrogen

Hydrogen Plug-in Clean Cleaning

Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

MAY 8, 2014

Pinnacle Engines, developer of a highly efficient 4-stroke, spark-ignited (SI), opposed-piston, sleeve-valve architecture engine ( earlier post ), has appointed five industry leaders to its newly formed Asian Business Advisory Board. John was President-Ford India, Vice Chairman & EVP-Mazda Motor Company and EVP- Ford Asia Pacific & Africa.

Financing

Financing Engine Africa Asia

Moody’s upgrades Hyundai Motor’s corporate rating to A3 with stable outlook | Autocar Professional

Baua Electric

FEBRUARY 7, 2024

Credit rating agency Moody’s has upgraded South Korean automotive manufacturer Hyundai Motor Company’s corporate rating to A3 with a stable outlook, from a previous rating of Baa1, with a positive outlook.

Corporation

Corporation Hyundai India Financing

AMU Leasing and Saera Electric Auto Pvt. Ltd. have partnered to provide vehicle financing.

Electric Vehicles India

JANUARY 20, 2023

One of the top companies in the electric automobile market, Saera Electric Auto Private Limited (SEAPL), has agreed to finance vehicles through the non-banking financial corporation (NBFC), AMU Leasing Pvt. have partnered to provide vehicle financing. appeared first on Promoting Eco Friendly Travel.

Financing

Financing Auto Vehicles Electric

BASF invests $30M in supercritical hydrolysis company Renmatix, leading $50M financing round

Green Car Congress

JANUARY 3, 2012

The BASF subsidiary led a $50-million financing round, joined by new and existing investors. With this patented process, BASF notes, industrial sugar can be produced from lignocellulosic biomass (wood, cane trash or straw) in large quantities and at competitive cost from non-edible plant mass. —Mike Hamilton, Renmatix CEO.

Financing

Financing Companies Renewable Water

Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

JULY 13, 2023

Corporate executives mentioned it might additionally lift $500 million in the future via present credit score and mortgage guarantees. The corporate confronted delisting from Nasdaq as a result of its accumulation used to be buying and selling beneath $1. However the proportion worth has recovered to related at $1.38

Delaware

Delaware Financing Hydrogen Gasoline-Electric

Toyota Blockchain Lab accelerating blockchain technology initiatives and external collaboration

Green Car Congress

MARCH 17, 2020

Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. In this regard, Toyota Blockchain Lab will expand collaborations more with its various partner companies. and relationship-building with partner companies.

Toyota

Toyota Corporation Financing Connect

BASF to acquire enzyme company Verenium

Green Car Congress

SEPTEMBER 20, 2013

BASF’s US affiliate, BASF Corporation, has entered into an agreement to commence a cash tender offer for all of the outstanding shares of common stock of specialized enzyme company Verenium Corporation for US$4.00 BASF will finance the transaction out of operating cash.

Companies

Companies Corporation Financing 2013

General Motors to Move from Long-Running Detroit HQ Into a New Location Across Town

The Truth About Cars

APRIL 16, 2024

Automakers have an impact on industries that reach far beyond cars and drivers. Real estate is one area where the sector has a significant footprint, and one of the industry’s biggest names is making waves in Detroit’s downtown. That’s a significant reduction from RenCen’s 2.3 million square feet.

General Motors

General Motors Detroit Motor Motors

DAS Era find out about: Automotive sellers don’t respond to on-line finance inquiries

Baua Electric

MAY 5, 2023

Sellers are overwhelmingly unresponsive to on-line client inquiries matching to financing, bills or leasing, a thriller consumer find out about by way of DAS Era discovered. Simplest 2 % of dealerships contacted supplied any data when shoppers requested about those core finance-and-insurance subjects, in step with the promoting company.

Financing

Financing Automobile Corporation Price

TECO 2030 to set up giga factory for production of hydrogen fuel cells in Narvik, Norway

Green Car Congress

MARCH 11, 2021

Through the initiative in Narvik, the company contributes to the Norwegian government’s ambition that Norway should build a complete value chain for the utilization of hydrogen as an energy carrier. During this period, up to 500 jobs may be created in Narvik within development, pilot production and full-scale industrial production.

Norway

Norway Hydrogen Production Fuel

Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Green Car Congress

MAY 12, 2020

Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. In September 2019, Hyundai and Cummins Inc. Earlier post.).

Hyundai

Hyundai Hydrogen Motor Motors

Safran acquires stake in Li-Sulfur battery maker OXIS Energy; OXIS announces two JDAs

Green Car Congress

JANUARY 24, 2019

Safran acquired an equity interest in Li-Sulfur battery manufacturer OXIS Energy ( earlier post ) through its Safran Corporate Ventures subsidiary, which invests in disruptive technology businesses. Safran Corporate Ventures is participating in a £7-million (US$9.1-million) Source: OXIS Energy.

Lithium Sulfur

Lithium Sulfur Energy Batteries Battery

Hampleton Partners: Autotech M&A remains constant, driven by EVs and charging

Green Car Congress

FEBRUARY 17, 2022

The latest Autotech & Mobility M&A Market Report from Hampleton Partners, the international M&A and corporate finance advisory firm for technology companies, shows that the appetite for Autotech & Mobility deals has remained consistent despite the impact of COVID disruption, the global semiconductor shortage and supply chain issues.

Charging

Charging Market Europe Financing

Valero providing construction financing for Valero-Diamond renewable diesel JV

Green Car Congress

JUNE 1, 2011

A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Darling International Inc.

Financing

Financing Renewable Diesel Louisiana

15 Graphs That Explain the State of AI in 2024

Cars That Think

APRIL 15, 2024

Generative AI investment skyrockets While corporate investment was down overall last year, investment in generative AI went through the roof. Since training these models typically requires vast resources, Industry now makes most of them, with academia only putting out a few. But exactly how deep?

United States

United States Industrial Industry Corporation

DiDi partners with SoftBank in Japan for platform services for taxi industry, launches open new energy car-sharing platform

Green Car Congress

FEBRUARY 10, 2018

have established a partnership to provide platform services for the taxi industry. The company continues to apply its big data capabilities to increase taxi drivers’ work efficiency and income. DiDi is also working closely with taxi companies to help them build intelligent IT and driver management systems. billion rides on DiDi.

Taxi

Taxi Japan Industrial Industry

Electrovaya completes C$5M financing; new Office of Chairman

Green Car Congress

DECEMBER 23, 2010

completed a financing for C$5 million (US$4.96 Each share purchase warrant is convertible into one common share of the corporation. This financing provides valuable working capital for future growth, including certain strategic initiatives. Canada-based Li-ion battery maker Electrovaya Inc. issued to the lender. Sankar Das.

Financing

Financing Li-ion Energy Storage Lithium Ion

Three veterans join leadership team of Lohum Cleantech – ET Auto

Baua Electric

MARCH 5, 2024

CFO – Nitin Goe New Delhi: Lohum Cleantech India’s leading producer of sustainable energy transition materials via battery recycling and raw material refining, and battery repurposing, Tuesday appointed three renowned industry stalwarts to strengthen its leadership team.

Auto

Auto Financing India Corporation

Praj Industries and Qteros partner to accelerate global commercialization of cellulosic ethanol; Qteros closes Series C financing tranche

Green Car Congress

JANUARY 5, 2011

India-based Praj Industries Limited and Qteros, Inc., the developer of a Consolidated Bioprocessing (CBP) platform for low-cost production of cellulosic ethanol using the Q-microbe ( earlier post ), have formed a strategic partnership to accelerate commercialization efforts for industrial-scale cellulosic ethanol production.

Financing

Financing Commercial Industrial Industry

Vedanta secures 11-year INR 3,900 cr loan from PFC – ET Auto

Baua Electric

APRIL 17, 2024

Mining conglomerate Vedanta Ltd has secured an 11-year term loan of INR 3,918 crore from Power Finance Corporation Ltd ( PFC ), sources said. The latest financing follows Vedanta group’s takeover of Meenakshi Energy Ltd on December 28 in an NCLT-driven insolvency process.

Auto

Auto India Financing Coal

FREYR to supply 38 GWh of Li-ion cells to Nidec; forming JV for modules & packs

Green Car Congress

AUGUST 31, 2022

FREYR Battery and Nidec Corporation finalized an expanded 38 GWh battery cell sales agreement from 2025 – 2030. Additionally, the companies have agreed to form a downstream joint venture in which Nidec will hold a super-majority to provide integrated industrial scale ESS solutions to customers globally.

Li-ion

Li-ion Supplies Norway Energy Storage

Toyota invests $394M in, collaborates with Joby on air mobility

Green Car Congress

JANUARY 16, 2020

Toyota is collaborating with Joby Aviation (Joby), an aerospace company that is developing and commercializing all-electric vertical take-off and landing (eVTOL) aircraft to enable the deployment of fast, quiet and affordable air transportation services. —Toyota Motor Corporation President and CEO Akio Toyoda. Joby’s eVTOL.

Toyota

Toyota Transportation Automobile Affordable

Volvo Car Corporation, Ericsson and partners in plug-in vehicle smart on-board charging research project

Green Car Congress

FEBRUARY 23, 2012

Volvo Car Corporation, Ericsson, the utility company Göteborg Energi and the Viktoria Institute are collaborating in the research project ELVIIS (Electric Vehicle Intelligent Infra Structure) to develop a concept for using intelligent infrastructure for the smart on-board charging of plug-in vehicles.

Volvo

Volvo Corporation Plug-in Plug

The Godfather of South Korea’s Chip Industry

Cars That Think

AUGUST 27, 2022

Korea Advanced Institute of Science and Technology (KAIST) assumed top posts in the industry as well as coveted positions teaching or researching semiconductors at universities and government institutes. awarded him its prestigious Ho-Am Prize in 1993 for “building a solid foundation for Korea’s semiconductor industry.”

South Korea

South Korea Industrial Industry Universal

South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

Green Car Congress

APRIL 27, 2022

South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).

Lithium Ion

Lithium Ion Commercial Li-ion Batteries

ZeroAvia secures additional $24.3M to launch development of 2MW hydrogen-electric powertrain for regional aircraft

Green Car Congress

APRIL 2, 2021

Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. The latest funding brings the company’s total private investment to more than $53 million and the total funding raised since inception to nearly $74 million.

Hydrogen

Hydrogen Commercial Electric Electrical

UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

Green Car Congress

NOVEMBER 22, 2022

UTM Offshore signed an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. UTM Offshore was incorporated in July 2012 as a privately held Nigerian company.

Nigeria

Nigeria Gas Mauritania Cameroon

VERBIO launches first cellulosic RNG plant in the USA

Green Car Congress

MAY 16, 2022

The VERBIO Nevada (Iowa) Biorefinery began producing renewable natural gas (RNG) on an industrial scale in December 2021. The company expects to be operating 5-10 biorefineries within the next five years, producing 15-30% or more of the total RNG produced in 2021. The plant in Nevada (Iowa) is our first plant in the USA.

USA

USA Nevada Iowa North America

Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Electra Vehicles

FEBRUARY 22, 2023

Electra Vehicles is a B2B company that provides AI-based software solutions to electric vehicles, electric fleets, and multiple battery-electric verticals for improved battery pack range, lifetime, and safety performance. US-based Electra Vehicles, Inc. Club degli Investitori, and BlackBerry Limited. Since raising an investment round of $3.6

Financing

Financing Vehicles Boston Italy

Group14 Technologies secures $17M in Series B led by SK to scale production of lithium-silicon anode technology

Green Car Congress

DECEMBER 21, 2020

Group14 Technologies, a developer of a micronized silicon-carbon powder, tunable by design and drop-in ready, has secured $17 million in Series B funding led by SK Materials, one of the world’s top manufacturers of special gases and industrial gases, with participation from returning investor OVP Venture Partners.

Lithium Ion

Lithium Ion Li-ion Production Washington

SafeAI, Siemens, Obayashi collaborate to bring retrofitted autonomous, zero-emission heavy vehicles to off-road industries

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

Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

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

Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

Group14 closes $18M in financing to scale-up silicon-carbon composite anode material

Iveco Group acquires full control of Nikola Iveco Europe

Mobility services infrastructure company Via closes Series E round; valued at $2.25B

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

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

Airbus and LM Industries create mobility startup Neorizon; digital manufacturing

Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Plug Power, Chart Industries and Baker Hughes to become cornerstone investors in FiveT Hydrogen Fund; clean hydrogen at scale

Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Moody’s upgrades Hyundai Motor’s corporate rating to A3 with stable outlook | Autocar Professional

AMU Leasing and Saera Electric Auto Pvt. Ltd. have partnered to provide vehicle financing.

BASF invests $30M in supercritical hydrolysis company Renmatix, leading $50M financing round

Nikola turns to Delaware legislation to backup finance hydrogen pivot

Toyota Blockchain Lab accelerating blockchain technology initiatives and external collaboration

BASF to acquire enzyme company Verenium

General Motors to Move from Long-Running Detroit HQ Into a New Location Across Town

DAS Era find out about: Automotive sellers don’t respond to on-line finance inquiries

TECO 2030 to set up giga factory for production of hydrogen fuel cells in Narvik, Norway

Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Safran acquires stake in Li-Sulfur battery maker OXIS Energy; OXIS announces two JDAs

Hampleton Partners: Autotech M&A remains constant, driven by EVs and charging

Valero providing construction financing for Valero-Diamond renewable diesel JV

15 Graphs That Explain the State of AI in 2024

DiDi partners with SoftBank in Japan for platform services for taxi industry, launches open new energy car-sharing platform

Electrovaya completes C$5M financing; new Office of Chairman

Three veterans join leadership team of Lohum Cleantech – ET Auto

Praj Industries and Qteros partner to accelerate global commercialization of cellulosic ethanol; Qteros closes Series C financing tranche

Vedanta secures 11-year INR 3,900 cr loan from PFC – ET Auto

FREYR to supply 38 GWh of Li-ion cells to Nidec; forming JV for modules & packs

Toyota invests $394M in, collaborates with Joby on air mobility

Volvo Car Corporation, Ericsson and partners in plug-in vehicle smart on-board charging research project

The Godfather of South Korea’s Chip Industry

South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

ZeroAvia secures additional $24.3M to launch development of 2MW hydrogen-electric powertrain for regional aircraft

UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

VERBIO launches first cellulosic RNG plant in the USA

Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Group14 Technologies secures $17M in Series B led by SK to scale production of lithium-silicon anode technology

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