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Workhorse secures $200M in financing from institutional lenders

Green Car Congress

a provider of cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a note purchase agreement (NPA) under which it will sell $200 million aggregate principal amount of its 4.0% Senior Secured Convertible Notes due 2024 to two institutional lenders. Workhorse Group Inc.,

Financing 186
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ZeroAvia and MONTE strike deal for 100 hydrogen-electric powertrains to enable zero-emission aircraft leasing

Green Car Congress

As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. Under the deal, MONTE will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft.

Hydrogen 370
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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. The technology converts non-recyclable, non-compostable municipal solid waste into methanol, ethanol and other widely-used chemicals. These RIN credits are purchased by US refiners to comply with the RFS program.

Waste 199
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The terms of the equity transaction include a warrant giving NRG the right to purchase an additional 2.0 per annum for construction-period financing and 8.0%

Financing 244
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Electrovaya completes C$5M financing; new Office of Chairman

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completed a financing for C$5 million (US$4.96 note in the aggregate principal amount of C$5 million and 500,000 common share purchase warrants. Each share purchase warrant is convertible into one common share of the corporation. Each share purchase warrant is convertible into one common share of the corporation.

Financing 218
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Coca-Cola partners with XL Hybrids to convert new 2014 Express vans into hybrids

Green Car Congress

Coca-Cola is converting all of its newly purchased 2014 Chevrolet Express service vans into fuel-efficient hybrid-electric vehicles using XL Hybrids’ powertrain technology. Separately, XL Hybrids announced it has raised $3 million in a pre-Series C debt financing round from WindSail Capital Group. Earlier post.)

Convert 230
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Delta Air Lines signs 75 MGPY for 7 years SAF deal with Gevo; oneworld Alliance members plan to buy 200 MGPY

Green Car Congress

The agreement replaces the existing agreement signed with Delta in 2019 to purchase 10 million gallons per year and bolsters Delta’s commitment to incorporating SAF into its operations. These feedstocks can then be converted, in some cases, to high-value nutritional products and energy-dense liquid hydrocarbons, including SAF.

San Jose 186