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ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
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Faraday Future secures $135 million in financing commitments

Electric Cars Report

Faraday Future, a California-based electric vehicle startup, announced a series of definitive agreements for financing, as well as an important modification to a major provision in the terms of the warrants in the original FF secured financing agreements.

Financing 117
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
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LEVC Announces £1500 Finance Deposit Contribution On All New TX Taxi Models

CleanTechnica EVs

New campaign fully offsets the reduction in the Plug-in Taxi Grant (PiTG) which came into effect from April 2024 It is available on all new TX taxi models across all finance types offered by LEVC Financial Services with zero customer deposit and at a subsidised finance rate of 10.51% APR.

Taxi 73
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AI vision system company Recogni raises $48.9M Series B

Green Car Congress

million in a Series B financing round, led by WRVI Capital, a prominent global technology investor. One of the key challenges that Recogni’s AI-powered platform addresses is the enormous power drain of autonomous vehicle computing systems that can reduce the range of electric cars. Recogni Inc.,

Companies 230
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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

Green Car Congress

a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc.,

Financing 218
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What You Should Know About Tesla Financing 

EV Life

Despite many legacy brand automakers jumping into the EV space and releasing new electric models, Tesla continues to dominate the electric car market. And while the price has gone down recently for both cars, Teslas are still on the pricier side of the spectrum for many drivers.