Is leasing the car finance option that consumers really want?

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Car leasing companies Car finance Opinion BVRLA LeasingIt’s no secret that the Personal Contract Hire (PCH) sector continues to grow at an exceptional rate, and leading lights in the rental and leasing ind.

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

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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. Aquion Energy, Inc.,

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

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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. Canada-based Enerkem Inc.,

2018 93

Does Faraday have a Future? Latest financing disrupted—again

Green Car Reports

Faraday's Future has hit another snag, in a dispute with the company's latest investors. The development of the luxury electric Faraday Future FF91, has been a roller-coaster ride of winning financing, running into disputes, delaying the car, and finding new investors. DON'T MISS: Faraday Future gets a $2 billion lifeline to build expensive. Faraday Future

2018 59

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

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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 85

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

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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.,

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

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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 60

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

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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 84

Electric bus maker Proterra completes $55M strategic financing

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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 90

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

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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 60

Gevo closes $25.9M financing with Whitebox Advisors

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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.,

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

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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 76

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

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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 81

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners.

Nesscap completes US$1M convertible note financing

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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

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

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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 74

Energy Crop Company Ceres Completes New Round of Financing

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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.

Technology Credit Union announces financing relationship with Tesla Motors

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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.

BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

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billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). VC/PE fundings of specialist clean energy companies have reached $7.5

2018 111

DOE not proceeding with ATVM loan for Carbon Motors; company exploring strategic and financing alternatives

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The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, was to provide about $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25% above 2005 fuel economy levels. The company says it is now actively examining its strategic and financing alternatives in support of its goal.

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

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The BASF subsidiary led a $50-million financing round, joined by new and existing investors. Hamilton said in an interview that the company plans to build a facility by 2014 that will ship sugar that can compete in cost with Brazil’s sugar-cane crop. The company also has developed processes to concentrate sugars as necessary to meet specifications of different partners. BASF, through BASF Biorenewable Beteiligungs GmbH & Co.

Changing lanes: How has automotive advertising evolved?

Green Cars News

Car leasing companies Car finance Opinion Features Editors Picks ContractHireAndLeasing.comThe very first words to represent automotive advertising were, quite simply, ‘Dispense With A Horse’. This commanding headline by Winston Motor Carria.

2016 60

Why millennials will continue to fall in love with leasing in 2017

Green Cars News

Car leasing companies Car finance LeasingWe hear a great deal about the millennial generation and why they matter so much as consumers of everything from coffee to cars. Where four wheels are.

2016 54

Ultracapacitor manufacturer Skeleton Technologies raises €3.9M (US$5.2 M) in Round A financing

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Skeleton Technologies, a manufacturer of high power- and energy-density ultracapacitors ( earlier post ) has completed Round A financing of €3.9 The financing will be used for production scale-up and product development in addition to sales and marketing efforts. The total Round A financing, led by Estonian venture capital investor UP Invest AS includes the first financing tranche of €2.2 The company employs 28.

2014 85

SG Biofuels completes $17M Series B financing

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SGB), a bioenergy crop company developing elite hybrid seeds of Jatropha as a low-cost feedstock for biodiesel, biojet fuel and specialty chemicals, has completed a $17-million Series B financing led by Thomas, McNerney & Partners with participation from Finistere Ventures and current investors Flint Hills Resources, LLC and Life Technologies Corporation. managing director for Finistere Ventures, have joined the company’s board of directors. SG Biofuels, Inc.

GE Capital to provide financing for electric motorcycle maker Brammo

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GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products. This type of arrangement, also known as floorplan financing, allows dealers to stock, market and sell a wide variety of motorcycles and related products from manufacturers.

Waste-plastic-to-crude company Agilyx obtains $25M Series C financing

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Agilyx says it is also the only company with a known refinery off-take agreement in place and crude oil shipments underway. Since then, the Oregon-based company has hit a number of milestones—including closing $25 million in sales, tripling its workforce, and increasing its oil production and revenue.

LanzaTech secures $15M debt financing from Western Technology Investment

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Waste gases-to-fuels and -chemicals technology company LanzaTech has closed on $15 million in debt financing from Western Technology Investment (WTI), a private investment firm based in Silicon Valley. Earlier this year, LanzaTech closed a $55.8-million Series C funding round led by Malaysian Life Sciences Capital Fund, bringing the total capital raised to date to more than $100 million.

Algenol closes on additional $25M internal equity financing

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The company is working to commercialize this technology and scale production of its products. With this investment, more than $260 million dollars have been invested in and granted to Algenol from BioFields and Reliance Industries, a Fortune Global 500 company based in Mumbai, India, as well as the US Department of Energy and Lee County, Florida.

2015 71

“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Financing Project VGV: the Green Redemption Fund.

2013 139

Westinghouse files for Chapter 11 protection in US and secures $800M in DIP financing to fund operations

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Westinghouse Electric Company and certain of its subsidiaries and affiliates, filed voluntary petitions under Chapter 11 of the US Bankruptcy Code. The company is seeking to undertake a strategic restructuring as a result of certain financial and construction challenges in its US AP1000 power plant projects. Westinghouse has obtained $800 million in debtor-in-possession (DIP) financing from a third-party lender to help fund and protect its core businesses during its reorganization.

2017 69

SG Biofuels Completes $9.4M Series A Financing

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a bioenergy crop company developing and producing elite seeds of Jatropha, has completed a $9.4-million Series A financing with proceeds from Flint Hills Resources, a privately held company based in Kansas, Life Technologies Corporation, a biotechnology tools company based in Carlsbad, Calif., The financing will support the company's efforts to advance Jatropha as a high-yielding, low cost feedstock for diesel, jet fuel and petrochemicals.

Better Place closes $200M Series C financing; valuation now $2.25B

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Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25 billion (post money valuation on a fully diluted basis) since the last financing in January 2010.

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

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Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. John Parker: In his 41-year career at Ford Motor Company, John focused on emerging markets in Asia and Africa, living and working throughout the region before returning to his homeland of Australia. John was President-Ford India, Vice Chairman & EVP-Mazda Motor Company and EVP- Ford Asia Pacific & Africa.

2014 94

ClearEdge Power completes $73.5M Series E financing round

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million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. New investor Artis Capital Management led this round, which also included Austrian-based Güssing Renewable Energy; Southern California Gas Company, a regulated subsidiary of Sempra Energy; and existing investor Kohlberg Ventures. Stationary fuel cell manufacturer ClearEdge Power has raised $73.5

Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

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The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas.

VanDyne SuperTurbo raises $8M in Series C equity financing

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the developer of a charger with an integral continuously variable transmission (CVT) ( earlier post ), has raised $8 million in Series C equity financing round. Proceeds from the financing will help drive the company’s growth initiatives and speed up the commercialization of the SuperTurbo technology. The company says that use of a SuperTurbo can enable a “half-size engine” deliver the same torque as a normal engine today. VanDyne SuperTurbo Inc.,

Green Biologics secures $76M in financing; repurposing MN ethanol plant for n-butanol and acetone

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In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL. Green Biologics Ltd (GBL) is a renewable chemicals company based in Abingdon, England with a wholly owned US operating company, Green Biologics Inc.,

2015 76

Global Bioenergies obtains €4.4M loan to complete financing of demo plant, begins construction

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Global Bioenergies, a startup developing and commercializing a fermentation process that targets gaseous isobutene, has obtained a €4.4-million (US$4.7-million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. This new financing will cover the purchase of a complete fermentation unit, comprising an inoculation fermenter, a propagation fermenter, and a 5,000L production fermenter.

2015 71

National Electric Vehicle Sweden halts production while it sorts out financing

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National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. The company said it is preparing an extensive investment to develop a new platform on the Phoenix architecture—the base for future car models.

Porsche takes 10% stake in the electric technology and sports car company Rimac; development partnership

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Porsche AG has taken a 10% stake in the technology and electric sports car company Rimac Automobili. As part of its electrification efforts, Porsche is seeking a development partnership with the young company.

2018 122

DOE issues Request for Information on financing strategies for light-duty H2 fueling infrastructure

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The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. This input will augment financing strategies that DOE analyzes for public deployment of infrastructure for supporting FCEV introduction in US markets.

2013 88

Virtual reality: Will 2017 be the end of the road for traditional car sales?

Green Cars News

Car leasing companies Car finance OpinionThe biggest shift in car buying habits in the past decade has been the move away from visiting a showroom several times before making a commitment to.

2017 41