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Workhorse receives purchase order from Pride Group Enterprises for 6,320 C-Series electric delivery vehicles

Green Car Congress

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. 1,000 cu.ft.

Purchase 243
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Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing. Terra Motors a leading electric vehicles manufacturer in India has partnered with Pooja Finelease Ltd. India’s leading non-banking finance company for electric vehicle financing. The post Terra Motors partners Pooja Finelease Ltd.

Financing 101
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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., The terms of this note include conversion features at $0.55

Financing 218
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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. Achates Power, Inc.,

Financing 236
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General Motors to Move from Long-Running Detroit HQ Into a New Location Across Town

The Truth About Cars

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

Green Car Congress

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.

Financing 170
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Porsche increases stake in electric sports car company Rimac to 15.5%

Green Car Congress

Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5%. In June 2018, the Stuttgart-based sports car manufacturer purchased a 10% stake in Rimac. The Croatian company develops and produces electromobility components and also produces electrically powered super sports cars in-house.

Porsche 255