How To Finance a Used Car in the UK

Clean Fleet Report

Used-car buyers can now find nearly as many offers and choices as those looking for a new one, thanks to the huge popularity of car financing. Just remember to run a car history check before financing the vehicle to ensure it’s worth the money. Dealer Finance for Used Cars.

Nissan launches sustainable finance framework to fund electric vehicle and sustainable technologies

Green Car Congress

Nissan Motor is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. Proceeds from the Nissan Sustainable Finance Framework will also be used to support projects in Nissan’s use of renewable energy, clean manufacturing systems, EV re-charging infrastructure, battery re-use, and autonomous-drive technologies.

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ClearFlame Engine Technologies secures $17M in Series A financing

Green Car Congress

ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors. The financing was led by Breakthrough Energy Ventures with participation from Mercuria, John Deere and Clean Energy Ventures. stoichiometric) air-fuel ratio, the company explains.

Fisker completes $50M financing; Huhnke named CTO

Green Car Congress

recently completed a $50-million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. Cowen acted as the company’s sole advisor and placement agent on the financing. Huhnke comes with an extensive background working for both automakers and technology companies, having served as the former vice president of e-mobility for Volkswagen America and vice president of automotive at chip maker, Synopses. Fisker Inc.

2020 170

BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs.

Aqueous hybrid-ion battery company Aquion completes $55M financing round

Green Car Congress

a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. Due to strong investor interest, the total amount of funding for this round was increased from the $35-million level previously announced by the company in April of 2013. Aquion Energy, Inc.,

2014 246

Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. This help to show that BMW is more of a bank than a car company. Porsche dominates the luxury car finance industry in the neighbouring eastern European countries of Hungary, Ukraine and Romania.

Workhorse secures $200M in financing from institutional lenders

Green Car Congress

million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. million outstanding principal amount of those notes for shares of the company’s common stock. After the closing and release of the proceeds, the company will have more than $270 million in cash available. Workhorse Group Inc.,

2020 170

Mercom Capital: VC funding for battery storage companies up 139% YoY in 1H 2019 to $1.4B; led by Northvolt financing

Green Car Congress

VC funding in Battery Storage companies in 1H 2019 was up by 139% with $1.4 Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. Total corporate funding (including venture capital funding, public market, and debt financing) for battery storage, smart grid, and efficiency companies in 1H 2019 was flat with $2.3

2019 186

Saleen launches shady financing effort and teases modified Tesla vehicles again

Electrek

Saleen Automotive has launched a new shady financing effort to bring the company back from the dead, and the legendary car tuner is dangling modified Tesla vehicles in the process again.

Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Separately, Ford today also announced a cash tender offer to repurchase up to $5 billion of the company’s higher-cost debt.

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

Green Car Congress

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. Enerkem’s facilities are built as prefabricated systems based on the company’s modular manufacturing infrastructure that can be deployed globally.

2018 183

Tesla launches new financing option for Solar Roof with lower monthly payments

Electrek

Tesla has launched a new financing option for its Solar Roof with lower monthly payments as the company tries to make the product more affordable. more… The post Tesla launches new financing option for Solar Roof with lower monthly payments appeared first on Electrek.

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. The company is targeting Class 1-5 fleet trucks, and has entered a service agreement with Meineke Car Care Centers, Inc. Echo Automotive, Inc.,

2013 191

Shell CEO Says Company Needs Oil To Finance Clean Energy Future

InsideEVs

Some oil companies insist they're doing everything they can to save the planet, but it seems they're taking their time

Tesla implements subtle interest rate hike for financed vehicles

Teslarati

Tesla’s list prices for its vehicles have not experienced a notable rise recently, but the EV maker has initiated a more subtle price increase for its financed vehicles nonetheless. As could be seen in Tesla’s online payment calculator, the featured financing rate is now 3.74% APR, a 0.5%

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.

Ford Will Punish Dealers That Broker or Resell Hot Models

Baua Electric

News Business Car body styles cars Convertibles Coupés Finance Ford Motor Company Ford Mustang hatchbacks Jalopnik Maverick Motor vehicles Muscle cars Mustang

Electric bus maker Proterra completes $55M strategic financing

Green Car Congress

Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. This signals a new growth phase for the company, as Proterra scales production to meet growing demand and accelerates cash realization. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital.

2015 229

NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. In addition to the common stock investment, NRG Energy has extended a $40 million revolving construction and term financing facility for the purpose of accelerating project development by FuelCell Energy and its subsidiaries. per annum for construction-period financing and 8.0% FuelCell Energy, Inc.,

2014 210

Biomass-to-sugar company Comet Biorefining completes new round of equity financing

Green Car Congress

Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing. Terms of the financing were not disclosed.

2017 150

Gevo closes $25.9M financing with Whitebox Advisors

Green Car Congress

a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. The term loan includes a first priority lien on all of the company’s assets and carries a 15% coupon, of which 5% is payable in cash and 10% is payable in kind and capitalized to the principal amount of the term loan. Gevo, Inc.,

2014 200

Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. Terra Motors is heavily investing in partnering with the companies to create a sustainable model for Terra Motors Next’.

Elon Musk’s new financing efforts on hold amid Twitter deal uncertainties: report

Teslarati

Elon Musk’s efforts to secure new financing that will limit his cash contribution for his planned acquisition of social media platform Twitter has reportedly been put on hold.

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

Green Car Congress

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.

2019 222

Lucid Group teams up with Bank of America for lender and financing services

Teslarati

Lucid Group ( NASDAQ: LCID ) has announced that it has selected Bank of America as its preferred lending partner, giving customers the opportunity to apply for financing services for a seamless and stress-free experience.

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

Green Car Congress

Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. EnergyX) has secured commitments of $20 million in financing. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market.

CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

Green Car Congress

Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation. The new financing will be used to complete process development at pilot scale, providing the information needed for further scale up to a tons-per-day plant.

2014 191

XPeng enters into cooperation agreement for new smart EV manufacturing base in Guangzhou; $586M in financing

Green Car Congress

a wholly owned investment company of Guangzhou Economic and Technological Development Zone. According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone. Early in August, Xpeng reported closing a US$900-million C+ financing round.

2020 161

Bio- and jet-fuel carinata feedstock company Agrisoma closes $15.4M Series B financing

Green Car Congress

Agrisoma Biosciences, an agricultural company that has commercialized carinata, a non-food oilseed crop designed for sustainable production of biofuels, has closed a $15.4-million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital. The company has developed and controls the world’s largest collection of carinata genetic material.

2017 150

Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Marathon is the right strategic partner for Workhorse's current capital needs, and we plan to leverage their experience, size and resources to further support our growth as a company. Workhorse Group Inc.,

2019 219

The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

Green Car Congress

The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., —Gerard Barron, Chairman and CEO of The Metals Company.

Nauru 326

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

Green Car Congress

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. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Achates Power, Inc.,

2013 204

Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

Green Car Congress

Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. All of the current strategic and venture investors added to their investment in this round, and the company significantly broadened its investor base with more than 50% of equity funds from new investors coming from outside the US.

2014 196

Nesscap completes US$1M convertible note financing

Green Car Congress

Ultracapacitor company Nesscap Energy Inc. The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. Customers of the Company include transportation, power, and consumer markets. has completed a non-brokered private placement of a US $1,000,000 Convertible Note with I2BF Energy. The proceeds will be used for working capital. The Note has a maturity date of 1 April 2015; the conversion price is CAD 0.10

2014 170

Waste-to-biofuels company Enerkem raised C$50 million in latest financing round

Green Car Congress

Canada-based waste-to-biofuels company Enerkem Inc. recently closed a C$50-million (US$47.6-million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 Through structural investments, it supports the growth of innovative companies with a global competitive edge and the potential to accelerate the transition to a green manufacturing economy.

2013 185

Energy Crop Company Ceres Completes New Round of Financing

Green Car Congress

Energy crop company Ceres, Inc. The proceeds will be used, in part, to expand the company’s research and commercialization activities in the advanced biofuels and biomass-to-power markets. The company also grew its international presence, and is deploying its seeds and technology in Brazil. The financing round was led by Artal Luxembourg and Ambergate Trust, and included European investment company Gimv, among others.

2010 170

Brightmark Energy closes $260M in financing for first US commercial-scale waste-plastics-to-fuel plant; ULSD and naphtha

Green Car Congress

Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana. The financing for “Brightmark Energy Ashley Indiana” includes $185 million in Indiana green bonds, which were underwritten by Goldman Sachs & Co.

2019 225

Hero Electric ties up with HDB Financial Services for retail finance

Electric Vehicles India

Hero Electric ties up with HDB Financial Services for retail finance. Hero Electric on Wednesday said it has tied up with HDB Financial Services, a non-banking financial company (NBFC), to offer easy financing options for the purchase of electric scooters.

Technology Credit Union announces financing relationship with Tesla Motors

Green Car Congress

Tech CU (Technology Credit Union) is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles, offering up to 100% financing with a competitive annual percentage rate (APR). Tesla is also a Tech CU Member Company; Tech CU provides Tesla employees with resources that include personal and business banking, commercial lending and comprehensive wealth management services that include investing and financial planning.

2014 204

TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

Green Car Congress

In its recently closed Series G-2 financing round, TAE secured $250 million from investors in the energy, technology, and engineering sectors to support the company’s mission to deliver a long-term solution to rapidly growing electricity demand while providing global energy independence and security.

Fusion 222

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

Green Car Congress

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 acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. the company paid Imerys approximately CDN$17.8

Autonomous truck company Inceptio Technology raises US$188M in Series B+

Green Car Congress

Inceptio Technology, an autonomous driving truck technology and operation company ( earlier post ), closed a US$188-million Series B+ equity financing. This round of financing was jointly led by Sequoia Capital China and Legend Capital.