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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.
Connected vehicles refer to the ability of vehicles of all types to communicate wirelessly with other vehicles (V2V) and roadway equipment (V2I), such as traffic signals, to support a range of safety, mobility and environmental applications. Transportation Safety is the DOT’s top stated priority for the connected vehicle environment.
In moving forward on that, Fields said, Ford will focus on five key areas of innovation: mobility, autonomy, connectivity, customer experience and performance. Our vision for connectivity, it’s all about helping people stay connected. Our vision for connectivity, it’s all about helping people stay connected.
From Lingen (Emsland) to Gelsenkirchen and from the Dutch border to Salzgitter, production, transport, storage and industrial acceptance of green hydrogen are to be connected in several steps between 2024 and 2030 under the umbrella of the overall project. The IPCEI program can finance the network construction in part.
Michigan Governor Gretchen Whitmer announced an initiative to develop a first-of-its-kind corridor for connected and autonomous vehicles (CAV) designed to improve transportation for communities in Southeast Michigan. This includes leading test tracks, universities, automotive companies, and key economic anchors.
The immediate proximity of the sites allows optimum transport connections to the steelworks: The project includes the construction of two new pipelines to transport hydrogen and oxygen from Walsum to the steel mill less than three kilometers away. Arnd Köfler, Chief Technology Officer at thyssenkrupp Steel.
EV Connect, a provider of electric vehicle (EV) charging solutions, announced the first “EV Charging-as-a-Service” or “EV CaaS”, to cut up-front costs and simplify the process for purchasing and installing EV charging station infrastructure by turning the purchase decision from a capital expenditure to an operating expense.
ALTe has pledged to develop an electric vehicle fleet purchasing system by which fleet customers can consolidate the entire electric vehicle decision-making process in one simple web-based interface.
The advantage is that fast-charging infrastructure can be built nearly anywhere, even if in places with a low-capacity grid connection. This automotive power bank could be used wherever the capacity of the grid connection is too low but there is demand for powerful charging infrastructure. 4 and have now been given a second purpose.
Tesla and Origence, which describes itself as the leading credit union technology company in the United States, have announced a partnership that will allow the automaker to offer car buyers financing through a credit union when ordering a vehicle through the company’s website. I’d love to chat!
The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing. When activated, the standard 4G LTE modem unlocks a number of seamless connectivity services to help fleets optimize efficiency and lower operating costs.
AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. AlphaStruxure will operate the project via a cloud-connected Network Operations Center providing 24/7/365 operations, monitoring and optimization of energy performance.
To stimulate the adoption of EVs the Estonian government has bought 507 Mitsubishi IMiEV electric vehicles for its own fleet and offers substantial incentives on the purchase price of an EV for consumers. Earlier post.). ABB won the original tender together with its partners G4S and NOW!
For customers who want faster home charging for their Mustang Mach-E or who want connected features, the Ford Connected Charge Station home wallbox will be available for purchase, with prices starting at $799 MSRP, excluding taxes.
million residents, visitors and employees use ART to connect with local destinations and the ARTIC regional transportation center as part of the citywide #ElectrifyAnaheim program. Each year more than 9.5
a US-listed and South American-based global exploration company in the lithium and minerals sector, executed a Securities Purchase Agreement with POSCO Canada Ltd., Li3 Energy, Inc., a wholly-owned subsidiary of South Korea-based POSCO, one of the largest steel manufacturers in the world.
has signed a purchase agreement with Textron Aviation for up to 150 Cessna Grand Caravan EX single-engine turboprop aircraft, with an initial fleet order of 100 aircraft and an option for 50 more. Surf Air Mobility Inc., The Cessna Grand Caravan EX is designed and manufactured by Textron Aviation Inc., a Textron company.
Those seeking the fastest home charging solution can purchase the Ford Connected Charge Station, which can fully charge E-Transit in eight hours. Employing a Ford Connected Charge Station brings the number up to approximately 15 miles per charging hour. E-Transit features optional Pro Power Onboard, which provides up to 2.4
The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.
The financing will be used primarily to expand Nesscap’s operations in South Korea. The common shares issued in connection with the private placement will have a hold period in Canada until 25 November 2012. Ultracap company Nesscap Energy Inc. closed a US$8.5 per common share. formerly Vardimco Enterprises Ltd.
has initiated a comprehensive feasibility study of a possible long-term CO 2 pipeline project which would connect proposed gasification plants in the Midwest to Denbury’s existing CO 2 pipeline infrastructure in Mississippi or Louisiana. Denbury Resources Inc. Denbury Resources Inc.
Pursuant to the terms of the definitive agreements, Wanxiang would provide A123 with up to $75 million in initial debt financing under a Senior Secured Bridge Facility. In addition to the initial credit extension of $25 million, $50 million would be funded after the satisfaction of certain closing conditions.
The First Things You Must Do After Purchasing a New EV The Essential Steps To Take with a New Car This article may contain affiliate links. Purchasing one can be both an exhilarating and daunting experience, but it’s also full of important tasks that need to be done before they slip through the cracks. Congratulations!
Daimler Financial Services, the financial and mobility services arem of Daimler AG, has made a strategic investment in Soul Machines—a New Zealand company re-imagining how humans connect with machines—further to develop the combined use of artificial and emotional intelligence.
The company is building on nearly two decades of battery expertise by centralizing a cross-functional team of 150 experts in battery technology development, research, manufacturing, planning, purchasing, quality and finance to help Ford develop and manufacture battery cells and batteries more quickly.
AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. PIDE Canopy Mount connecting to BYD bus.
credits to riders who connect to seven eligible transit stations. Waymo valued at over $45 billion following latest financing round: report Need accessories for your Tesla? On Tuesday, Waymo announced in a press release that it is launching a two-month pilot program in the Southern California city, which will essentially pay $3.00
The individual configuration will no longer be set through the hardware when the vehicle is purchased. To be able to finance the sizable future investments, the company will systematically work on increasing its efficiency with ACCELERATE. Future vehicle generations will be produced with a much small number of versions.
In addition to vehicles, GM is also addressing business opportunities in value-added services such as automotive financing and insurance. Its SAIC-GMAC joint venture is the largest dedicated automotive finance company in China. GM holds nearly 500 connectivity patents and has been the industry leader for two decades with OnStar.
With support from the EIB and InnovFin – EU Finance for Innovators Energy Demonstration Projects facility, the Swedish Energy Agency, and industrial partners, the establishment of Northvolt Labs is a key step towards the launch of Northvolt’s large-scale battery cell factory, with ultimate planned capacity of 32 GWh by 2023.
is designed to connect the major aspects of the company’s value chain, including development, production, omni-channel commerce and services—effectively making it an operating system for the entire Mercedes-Benz business. range from decoupling development cycles to enhancing customer lifetime value long after the original car purchase.
Developed in partnership with Commercial Fleet Financing, the shuttle bus is projected to be delivered in early 2018. The HVIP grant allowed the purchase of the batteries and electric powertrain, providing UCLA an electric shuttle for the same cost as its fossil-fuel counterparts.
By joining Qualcomm’s leading SoC capabilities and technology roadmap with NXP’s leading industry sales channels and positions in automotive, security and IoT, we will be even better positioned to empower customers and consumers to realize all the benefits of the intelligently connected world. —Steve Mollenkopf, CEO of Qualcomm Inc.
Available in early 2014, 360° Electric is a portfolio of consumer-oriented offerings designed to overcome commonly perceived barriers to purchasing an electric vehicle. Additionally, qualified customers will be able to finance the cost of the charging station and installation with their vehicle through BMW Financial Services.
This means that the operating expenses, such as the purchase of power, grid connection fees, licence costs, land lease, cleaning and maintenance costs were covered by the revenues generated at those stations. The final step to profitability of the company is also to cover depreciation and finance costs.
ChargePoint acquired ViriCiti for a total purchase price of approximately €75 million (US$88 million) in cash, subject to adjustments. IMPROVED Corporate Finance B.V. The ViriCiti team, customer accounts and technology will become part of ChargePoint’s operations. Goldman Sachs & Co.
On a purchasing power parity basis, GDP per capita in Asia would rise to $38,600, compared with the projected 2050 global average of $36,600. On a purchasing power parity basis, GDP per capita would rise to only $20,300, or just over half of that under the Asian Century scenario. Energy consumption.
The agreement would also include the potential for Wanxiang to invest up to an additional $175 million if it exercises the warrants that would be issued in connection with the Bridge Facility and the Convertible Notes for cash.
A finder’s fee of $25,000 is payable in connection with the Agreement. As a result, the Redhill is engaging in a private placement financing the proceeds of which will fund its financial obligations resulting from the agreement. Redhill will issue a total of 8,000,000 post-consolidation units at a price of $0.15
Ford is continuing to transform its global automotive business, accelerating the development and scaling of electric, connected vehicles, while leveraging its nameplates to strengthen operating performance and take full advantage of engineering and industrial capabilities. Ford Model e and Ford Blue will also support Ford Drive mobility.
NMG’s financing. In connection with these agreements, NMG has closed a non-brokered private placement of 6,666,667 units in the capital of the Corporation, at a price of $0.30 Each Unit consists of one common share and one half of one common share purchase warrant. per unit for an aggregate gross proceeds of $2,000,000.
These platforms—which combine open alliance legal agreements (like Visa or Mastercard's legal agreements), distributed ledger technology (for example, blockchains like IBM's hyperledger ), and end-to-end encryption—can handle not only payments but also finance, trade, tax, and audits in a uniform manner.
The purchase price for this planned all-cash transaction is US$850 million (~€740 million). This will accelerate the market introduction of these innovative technologies, addressing the needs of modern society – such as energy efficiency, connectivity and mobility. We also want to become number one in RF power.
We are making TD more connected and more efficient by focusing our processes and organization on systems and functions rather than on components. As functions and electronics were added in the early 2000s, connectivity began to play an increasingly important role. Software first rather than hardware first.
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