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3D electrode company Addionics closes $27M Series A

Green Car Congress

Addionics, a chemistry-agnostic battery technology company, raised $27 million in a Series A funding round to scale up its efforts to redesign battery architecture with the company’s Smart 3D Electrodes, which improve the cost and performance of batteries with any chemistry—existing or emerging. Earlier post.).

Companies 195
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Daimler first automotive company to test UBQ’s climate-positive thermoplastic material in auto parts

Green Car Congress

Daimler announced a trial and development partnership with Israeli cleantech company UBQ Materials to explore the use of UBQ’s climate-positive material in the production of automobile parts. Following further trials and examination, Daimler and UBQ will decide whether the material will be incorporated in vehicles to go to market.

Climate 195
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Toyota invests in V2X chipset company Autotalks

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Israel-based Autotalks, a developer in V2X (Vehicle to Everything) communication chipsets ( earlier post ), has completed its Series D round with about $40 million in investments, an oversubscription of $10 million. Additionally, current Autotalks’ investors increased their investment in the company.

Toyota 150
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EVR Motors signs fourth commercial agreement in India and establishes Indian manufacturing facility

Green Car Congress

Israel-based EVR Motors has signed an agreement with RSB Group, one of India’s Tier-1 automotive suppliers. As a result, EVR’s electric motors, are expected to be supplied to vehicle manufacturers in multiple categories from the second half of 2023. The company has appointed Sajal Kishore as managing director of EVR India.

India 259
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India To Develop EV Eco System Through State-Owned Oil Marketing Companies

Get Electric Vehicle

India is on the fast track of expanding their EV infrastructure with the help of India’s OMCs (Oil marketing companies). Likewise, Bharat Petroleum Corporation said in a separate news release they will also commission 7,000 charging stations during the same period.

India 40
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Why Are Modern Vehicles So Much Bigger?

The Truth About Cars

Over the weekend, your author was wandering through a massive parking lot in mixed company and was asked why modern vehicles are so much larger than their predecessors. Production was down, shipping routes were closed, and OPEC nations issued embargoes that ensured the United States would be punished for allying itself with Israel.

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Karamba Security raises $10M in new funding; round led by VinFast

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Israel-based Karamba Security , a leading developer of endpoint protection for connected devices, has secured $10 million in new funding in an extension to its B Round financing. Investors in the round were motivated by Karamba’s strong customer base and leadership in IoT and automotive security. —VinFast deputy CEO, Pham Thuy Linh.