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€33.7M AgiloDrive2 project for electric motor production launches

Green Car Congress

The aim of the three-year project is to develop an agile and digitalized production system complete with modular product concept for innovative electric motors. A modular machine structure permits the reuse of production equipment in an efficient and sustainable way. Earlier post.).

Motor 243
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Volkswagen plans integrated mobility concept in Rwanda; vehicle production in Kenya

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Francis Gatare, Director of the Rwanda Development Board, and Thomas Schäfer, CEO of Volkswagen Group South Africa, this week signed a memorandum of understanding for a new integrated mobility concept in Kigali in the presence of Rwanda’s President Paul Kagame and Dr. Herbert Diess, CEO of the Volkswagen brand. —Thomas Schäfer.

Rwanda 150
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BMW i Ventures makes strategic investment in DSP Concepts; voice user interfaces

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BMW i Ventures has made a strategic investment in DSP Concepts, Inc.—a Realizing the need for faster development and more reliable voice recognition performance, DSP Concepts has developed a series of product offerings powered by its Audio Weaver audio processing software. Partners of DSP Concepts include Amlogic, Inc.,

BMW 150
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Baidu’s smart car company JIDU raises nearly $400M in Series A

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Baidu’s intelligent electric vehicle arm JIDU has closed Series A financing, raising nearly $400 million. This round of financing was backed by Baidu and its strategic partner multinational auto manufacturer Zhejiang Geely Holding Group. Now, in the span of ten months, JIDU has received a new round of financing.

Companies 186
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Toyota launches e-Palette autonomous electric concept and mobility system

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At CES in Las Vegas, Toyota Motor introduced the autonomous electric e-Palette Concept Vehicle, which is designed to meet the demands of future multi-mode transportation and business applications. In the near term, the Alliance will focus on the development of the new e-Palette Concept Vehicle. e-Palette Concept Vehicle.

Concept 240
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Global Bioenergies obtains €4.4M loan to complete financing of demo plant, begins construction

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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.

Financing 150
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Si anode company LeydenJar secures €30M EU backing for silicon anode foil factory

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The company will invest €60 million in the construction of its first production facility, called “Plant One”, of which €30 million comes from a European Investment Bank (EIB) loan facility. The plant will have a production capacity of 100 MWh. LeydenJar has demonstrated production of its anode material at pilot plant scale.

Companies 231