Green Car Congress

NOVEMBER 3, 2020

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

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Motor Motors Motoring Fleet 321

Baua Electric

MAY 15, 2024

Mullen received a $100 million financing commitment from an undisclosed family office and sold an additional $50 million of senior secured convertible notes to both family offices and high net worth investors. The post Mullen secures $150 million financing deal, production Bollinger is a go appeared first on Bauaelectric Auto News.

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Financing Production Cayenne Mississippi 52

Green Car Congress

NOVEMBER 13, 2019

China-based Xpeng Motors has closed a US$400-million Series C capital funding from a group of strategic and institutional investors. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. and a former Alibaba executive.

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Chinese Motor Motors Motoring 199

Green Car Congress

DECEMBER 14, 2021

ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company. Harley-Davidson and AEA-Bridges Impact Corp.

Electric Motorcycles 418

Electric Motorcycles Motorcycles Companies Electric 418

Green Car Congress

MAY 27, 2013

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., The terms of this note include conversion features at $0.55

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Financing Conversion Companies PHEV 218

Cars That Think

APRIL 15, 2024

Among the countless challenges of decarbonizing transportation, one of the most compelling involves electric motors. In fact, ZF astounded analysts late last year when it announced that it had built a 220-kilowatt traction motor that used no rare-earth elements. kilowatts per kilogram. kilowatts per kilogram.

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Motor Motors Motoring Supplies 143

Green Car Congress

MARCH 7, 2012

Carbon Motors Corporation, developer of a diesel-engined law enforcement vehicle ( earlier post ), announced that the US Department of Energy (DOE) has indicated that it will not proceed with Carbon’s $310 million application for a direct loan under the Advanced Technology Vehicle Manufacturing (ATVM) program. —William Li.

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Financing Carbon Motor Motors 231

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.

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Hyundai Hydrogen Motor Motors 377

Green Car Congress

AUGUST 17, 2023

General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. Mitra Chem is building the first North American lithium-ion battery materials product company that shortens the lab-to-production timeline by more than 90%.

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GM Batteries Battery Companies 195

Green Car Congress

APRIL 26, 2023

BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.

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BMW Supplies Companies Canada 199

Green Car Congress

NOVEMBER 5, 2020

Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai Motor signed an MOU with Shanghai Electric Power Co., Hyundai Motor signed an MOU with Shanghai Electric Power Co., Shanghai Sunwise New Energy System Co.,

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Hyundai Commercial China Motor 356

Green Car Congress

SEPTEMBER 28, 2020

Chinese EV contender XPeng announced that its wholly owned subsidiary in China, Guangdong Xiaopeng Motors Technology Co., a wholly owned investment company of Guangzhou Economic and Technological Development Zone. Early in August, Xpeng reported closing a US$900-million C+ financing round.

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Financing Manufacturer China Chinese 170

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.,

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Financing Engine Industrial Industry 236

Green Car Congress

MAY 8, 2014

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.

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Financing Engine Africa Asia 291

The Truth About Cars

APRIL 16, 2024

General Motors recently announced a move from the Renaissance Center (RenCen), the building it purchased in 1996, to a new location at the Hudson’s Detroit building further north. GM President Mark Reuss said the company hadn’t determined how many employees would move to the new location. million square feet.

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General Motors Detroit Motor Motors 93

Teslarati

MAY 5, 2021

Lucid Motors has announced that it has appointed former Waymo Treasurer and Head of Investor Relations Sherry House as its Chief Financial Officer ahead of the automaker’s decision to become a publicly-traded company. Sherry House: Lucid Motors’ new Chief Executive Officer. We are delighted to have Sherry join us.

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Companies Motor Motors Motoring 97

Green Car Congress

JANUARY 11, 2019

Infinitum Electric , developer of ultra high-efficiency, durable, lightweight and cost-effective electric motors built with patented printed circuit board (PCB) stator technology and integrated control systems, has closed a $1.8-million million Series A round of financing, led by Cottonwood Technology Fund (CTF).

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Motor Motors Motoring Market 262

Green Car Congress

DECEMBER 18, 2020

Toyota Caetano Portugal (TCAP), the joint venture of Toyota Motor Europe (TME) and Salvador Caetano, strengthened its strategic alliance with CaetanoBus and Finlog by becoming the direct shareholder of the two Portuguese companies. The ordered H2.City

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Toyota Europe Fuel Motor 221

Green Car Congress

SEPTEMBER 7, 2019

Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5%. The Croatian company develops and produces electromobility components and also produces electrically powered super sports cars in-house. The company also develops and produces high-performance electric drives and battery systems.

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Porsche Companies Cars Electric 255

Green Car Congress

OCTOBER 9, 2018

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). We’re seeing more companies raising funds as they look to make the jump from concept cars to high-volume manufacturing. —Colin McKerracher.

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Clean Cleaning Companies South Africa 259

Baua Electric

JANUARY 18, 2024

TEMO’s easy-installation electric outboard motors make it painless for boaters to convert their vessels into electric boats. The French company TEMO just landed a €6 million Series A financing round with the US impact fund At One Ventures, the Ecotechnologies 2 fund, and business angels, to accelerate the company’s growth.

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DIY Installation Motor Motors 97

Green Car Congress

JULY 30, 2021

Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 million in new financing. Tesla and will address a wide range of applications from audio speakers, magnetic sensors and consumer appliances to industrial motors and automotive accessory motors.

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Minnesota Commercial Clean Cleaning 482

Green Car Congress

JULY 25, 2021

The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. This round included participation by Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue. The financing was led by funds and accounts advised by T.

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2019 Financing Ford Price 334

Green Car Congress

DECEMBER 7, 2012

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

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Suzuki Financing Motor Motors 218

Green Car Congress

JUNE 21, 2018

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. Rimac recently presented the latest version of its electric hypercar, the “C Two”, at the Geneva Motor Show in March 2018.

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Porsche Companies Cars MPH 279

Green Car Congress

NOVEMBER 19, 2013

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. BMBS); Mercedes-Benz Auto Finance Ltd. Daimler in China.

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Chinese Companies Mercedes Motor 259

Green Car Congress

NOVEMBER 29, 2019

The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

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Mini E BMW China Future 259

Teslarati

NOVEMBER 12, 2021

Lordstown Motors ( NASDAQ: RIDE ) reported its Q3 2021 Financial Results on Thursday and reported that it will delay the Endurance all-electric pickup once again. Additionally, Lordstown Motors confirmed the sale of its Lordstown, Ohio factory to Foxconn. ” The company also announced the acquisition of Edward T.

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Ohio Motor Motors Motoring 135

Green Car Congress

MARCH 20, 2019

Hyundai Motor Group and India-based Ola—one of the world’s largest ride-hailing platforms— announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.

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Hyundai Motor Motors Motoring 186

Green Car Congress

APRIL 5, 2022

Firefly, a fast-growing in-car and car-top mobility media company and a Google Ventures-backed startup, will collaborate with Hyundai in promoting its vehicles—including EVs—to rideshare fleets and drivers across key US cities. The program will be available everywhere Firefly is on the road.

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Hyundai Fleet Tax Credit America 170

Green Car Congress

JUNE 23, 2021

Hyundai Motor Group and Grab Holdings Inc. The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety.

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Asia Hyundai Singapore Indonesia 199

Green Car Congress

JUNE 1, 2018

In-wheel electric drive company Protean Electric announced the completion of a $40-million equity investment as the initial closing of its Series E funding round. The Series E financing proceeds will support Protean’s on-going business activities and help to establish a global licensing model covering all key markets.

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Companies United Kingdom Electric Electrical 170

Teslarati

DECEMBER 21, 2022

General Motors CEO Mary Barra has been pretty open about her desire to surpass Tesla and become the global leader in electric vehicles (EVs). We know that’s going to catapult General Motors to a leadership category in EVs,” Hassani said in a segment at Yahoo! GM has also expressed its goal to become all-electric by 2035.

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General Motors GM Motor Motors 98

EV Life

AUGUST 4, 2023

General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Both come with a 200-hp electric motor, provide an EPA-estimated 247 miles in range, and are available in front-wheel drive only. The EUV is available in two different trims, the LT and Premier.

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Chevrolet Financing Electric Vehicles Tax Credit 52

Green Car Congress

JANUARY 6, 2021

Workhorse Group has received a purchase order for 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises, a company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. Inventory financing for that deal is also being provided by Hitachi Capital America. Interior Volume.

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Purchase Vehicles Financing America 243

Green Car Congress

DECEMBER 22, 2016

Visedo, a Finnish manufacturer specializing in electric powertrains and components, has secured a financing package of €20 million (US$21 million) to support its international growth plans. The financing consists of an equity investment of €13.5 PowerDRUM motors are available in longer or more compact versions.

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Companies Global DC Financing 150

Green Car Congress

JUNE 19, 2015

Elio Motors, the developer of the three-wheeler Elio, has launched a crowd-funding initiative as the next phase in its fundraising strategy. Individuals interested in learning more about the Elio Motors investment opportunity can go to StartEngine.com , the crowd-funding website launched today by business incubator Start Engine.

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Motor Motors Motoring MPG 150