Green Car Congress

NOVEMBER 25, 2019

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. Group14 Technologies will be one of the companies that helps to make electric vehicles widespread and ubiquitous.

Financing 243

Financing Carbon Li-ion Lithium Ion 243

Green Car Congress

OCTOBER 9, 2020

Owning a plug-in electric vehicle today will save consumers thousands of dollars compared to owning a gas-powered vehicle, according to a new analysis by Consumer Reports comparing electrics to CR’s top-rated vehicles, as well as the best-selling, most efficient, and best-performing gasoline-powered vehicles on the market.

Gas-Electric 307

Gas-Electric Gas Electric Vehicles Power 307

Green Car Congress

JUNE 23, 2017

The Park City region deployment not only marks the first battery-electric transit fleet for Utah and the nationwide mountain resort industry, it also represents the first implementation of Proterra’s battery-lease financing model—i.e., buy the bus, lease the battery.

Financing 186

Financing Batteries Battery Utah 186

Green Car Congress

SEPTEMBER 19, 2014

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).

Financing 236

Financing Tesla Motors Motor Motors 236

Green Car Congress

MAY 7, 2012

Coulomb Technologies, Inc, the leading electric vehicle charging solutions provider, today announced that it has secured $47.5 million of financing in its Series D round. Braemar Energy Ventures and Kleiner Perkins Caufield & Byers led the financing and were joined by Toyota Tsusho Corporation and existing investor Rho Ventures.

Financing 231

Financing Corporation Toyota Clean 231

Green Car Congress

MAY 3, 2017

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.

Oil 218

Oil Electric Vehicles Vehicles Financing 218

Green Car Congress

DECEMBER 17, 2020

For 2021, Toyota has fully rebooted the Mirai, originally offered in 2016, as a premium rear-wheel drive sports-luxury fuel cell electric vehicle (FCEV) with striking design, cutting-edge technology, more engaging driving performance and a significantly longer EPA-estimated range rating.

Toyota 448

Toyota Design Electric Vehicles Fuel 448

Green Car Congress

NOVEMBER 2, 2010

Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). Last week, J.D.

Financing 283

Financing Plug-in 2020 Plug 283

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.,

Financing 218

Financing Conversion Companies PHEV 218

Green Car Congress

JULY 10, 2012

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. The Ashland, OR-based manufacturer designs and develops electric motorcycles. Brammo products are on permanent display at the Vehicle Innovation Center.

Electric Motorcycles 230

Electric Motorcycles Financing Motorcycles North America 230

Teslarati

APRIL 27, 2024

In response to Musk’s cancellation of his trip, India opposition Congress Party leader Jairam Ramesh noted that the country is awaiting Tesla’s entrance into the country. Finance Minister Nirmala Sitharaman, for his part, noted that India will make sure to make the country attractive to potential investors like Tesla.

India 109

India Tesla Financing Congress 109

Green Car Congress

JULY 1, 2023

has acquired the full and sole ownership of the German company resulting from the former joint venture Nikola Iveco Europe, now to be renamed as EVCO (Electric Vehicles COmpany). Iveco Group N.V.

Europe 395

Europe North America Financing America 395

Green Car Congress

NOVEMBER 22, 2022

Domino’s is rolling out more than 800 custom-branded 2023 Chevy Bolt electric vehicles at select stores throughout the U.S., making it the largest electric pizza delivery fleet in the country. Today, Domino’s already delivers with electric bikes and/or scooters in 24 international markets, including the US.

Fleet 468

Fleet Maintenance Store Gasoline-Electric 468

Green Car Congress

DECEMBER 13, 2013

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.

Financing 270

Financing Light Fuel Hydrogen 270

Green Car Congress

JANUARY 20, 2021

Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. —Scott Mercer, Founder and CEO of Volta.

Charging 417

Charging Financing Store Porsche 417

Green Car Congress

SEPTEMBER 27, 2012

Fisker Automotive has completed the initial closing of its current equity financing, representing in excess of $100 million of new funding. This initial closing will provide the company with funding for continued product development, market expansion and a new global marketing campaign for the Fisker Karma extended range electric vehicle.

Fisker 225

Fisker Financing Karma Extended Range 225

Green Car Congress

NOVEMBER 19, 2021

Gojek, Southeast Asia’s leading mobile on-demand services platform, and PT TBS Energi Utama Tbk (TBS), a leading integrated energy company in Indonesia, have formed a joint venture to accelerate the adoption of electric vehicles (EVs) in Indonesia.

Indonesia 170

Indonesia Electric Vehicles Energy Vehicles 170

Green Car Congress

OCTOBER 8, 2013

Fuji Electric Corp. to offer Financing Programs on their DC Quick Charging Stations for Electric Vehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites. Earlier post.)

Financing 210

Financing Charging DC Installation 210

Green Car Congress

AUGUST 21, 2020

With the battery price not included in the vehicle sales price, nor in the finance payments, the costs are significantly lower to switch to an EV. Electric vehicles costing over RMB 300,000 are now eligible for subsidies only if they have the capability of battery swapping. NIO battery swap station.

China 508

China Batteries Battery Financing 508

Green Car Congress

AUGUST 14, 2017

Registration of model year 2016 plug-in electric vehicles (PEVs) in New Jersey was up 79% over 2015, according to a recent analysis by ChargEVC , a diverse coalition of organizations and companies that support growth of the electric vehicle market. Interest in these cars is growing.

New Jersey 231

New Jersey Plug-in 2016 2015 231

Green Car Congress

SEPTEMBER 12, 2023

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

Mozambique 186

Mozambique Financing Legal Louisiana 186

Green Car Congress

SEPTEMBER 21, 2012

Commercial electric vehicle manufacturer Smith Electric Vehicles Corp. We have instead elected to pursue private financing opportunities to support the execution of our business plan. has decided not to pursue its planned initial public offering. —Bryan Hansel, Smith’s CEO.

Electric Vehicles 247

Electric Vehicles Kansas City Kansas Vehicles 247

Green Car Congress

APRIL 2, 2013

Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).

Financing 210

Financing Tax Credit Sale Production 210

Green Car Congress

DECEMBER 13, 2022

billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The US Department of Energy (DOE), through its Loan Programs Office (LPO), announced the closing of a $2.5-billion

Manufacturer 435

Manufacturer Ohio Batteries Battery 435

Green Car Congress

DECEMBER 17, 2013

The Prime Minister of Québec Pauline Marois and the Minister of Economy and Finance of the French Republic, Pierre Moscovici announced the creation of a Franco-Québécois working group on electric vehicles to promote collaboration between industry and research in Québec and France in this area.

France 218

France Electric Vehicles Vehicles Financing 218

Green Car Congress

JUNE 17, 2020

The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. The EIB recently reaffirmed its commitment to financing projects across the entire value chain.

Poland 243

Poland Lithium Ion Batteries Battery 243

Green Car Congress

SEPTEMBER 2, 2023

billion package of funding and loans primarily focused on retooling existing factories for the transition to electric vehicles (EVs). billion in funding to expand domestic manufacturing of batteries for electric vehicles and the nation’s grid, as well for battery materials and components currently imported from other countries.

Conversion 279

Conversion Grant Manufacturer Supplies 279

Green Car Congress

MAY 9, 2012

The Renault Foundation is launching a new training course for students with two years’ further education (Bac+2 or professional-experience diploma) in partnership with the IUT technology institute in Mantes (Université de Versailles-Saint-Quentin): the first professional diploma (a French licence) in “Electric Vehicle and Electro-mobility”.

Electric Vehicles 319

Electric Vehicles Vehicles Financing Electric 319

Green Car Congress

JANUARY 27, 2022

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

Companies Financing Cars Auto 186

Green Car Congress

APRIL 2, 2015

An additional $2 million will be allocated to the Massachusetts Offers Rebates for Electric Vehicles (MOR-EV) program. The electric vehicle rebate program, administered by the Department of Energy Resources’ (DOER), offers rebates of up to $2,500 to Massachusetts residents who buy or lease electric vehicles.

Massachusetts 150

Massachusetts Electric Vehicles Vehicles Motorcycles 150

Green Car Congress

OCTOBER 8, 2014

SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The companies have also collaborated on advanced projects that demonstrate the full potential of distributed renewables combined with plug-in electric vehicles, including Honda Smart Home US. Earlier post.)

Acura 218

Acura Honda Solar Financing 218

Green Car Congress

FEBRUARY 6, 2014

UQM Technologies, a developer of and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus and military markets, completed a $5.3-million million capital raise through institutional investors.

Financing 218

Financing Corporation Plug-in Hybrid 218

Green Car Congress

JUNE 2, 2022

The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.

Transportation 473

Transportation Emissions Fleet Economy 473

Green Car Congress

OCTOBER 25, 2022

AM Batteries (AMB), a developer of lithium-ion dry-electrode technology, closed its Series A financing. As electric vehicles continue to outperform predictions of global market penetration, the manufacturing costs and environmental footprint of EVs need to be addressed for sustainable mass adoption.

Lithium Ion 150

Lithium Ion Manufacturer Batteries Battery 150

Green Car Congress

JULY 8, 2022

The National Electric Vehicle Infrastructure (NEVI) Formula Program will provide $5 billion to states primarily through a statutory formula to build out a national electric vehicle charging network, an important step towards making electric vehicle charging accessible to all Americans.

Emissions 332

Emissions Financing Gas-Electric Climate 332

Green Car Congress

FEBRUARY 2, 2022

Uber and Wallbox, a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, are expanding their partnership nationwide following a pilot program. Phoenix, New York and Boston in February. The Midwest and Southeast in March. The rest of the US, excluding Alaska, in April.

Portland 334

Portland Phoenix Alaska Seattle 334

Green Car Congress

FEBRUARY 21, 2013

are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power. SolarCity and American Honda Motor Co.,

Acura 218

Acura Honda Financing Solar 218