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Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

Green Car Congress

Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026. —Nikola CFO Kim Brady.

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Car modifications in India: What is legal and what’s not

Baua Electric

In fact, performing some weird modifications to your car may lead you to legal trouble. If you are planning to modify your car, here is a comprehensive guide with a list of legal and illegal modifications in India. Colour change: Changing a car’s colour is completely legal in India, but is subject to RTO’s approval.

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Is It Economical to Convert ICE Car to Electric Car Using Conversion Kit

Get Electric Vehicle

converting existing internal combustion engine (ICE) cars into electric vehicles using conversion kits. You may make use of electric power without buying a new automobile by converting your current vehicle to an electric one. Resale Value While EVs are gaining popularity, the resale market for converted EVs is still uncertain.

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BASF and Heraeus to form JV in China to recover PGMs from spent automotive catalysts

Green Car Congress

The founding of the legal entity is targeted in Q1 2022, following the approval of the relevant authorities. Recycling scrap materials, such as spent automotive catalytic converters, to recover PGMs, enable a circular economy. The new company, named BASF HERAEUS (China) Metal Resource Co., Ltd will be set up in Pinghu, China.

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Rapido to recall all e-bike taxis – ET Auto

Baua Electric

We will be asking our bike taxi captains to convert (to petrol vehicles) or take necessary measures,” said Pavan Guntupalli , Co-founder of Rapido. However, the arguments of the advisory have called into question whether anyone can operate commercial bike taxis legally in Karnataka without needing a license.

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SK Group to invest $1.5B in Plug Power; strategic partnership and JV to accelerate H2 economy in Asia

Green Car Congress

This investment represents the largest US clean energy PIPE (Private Investment in Public Equity) in the last 20 years (based on the PrivateRaise PIPE database for transactions that have closed and includes common stock, preferred stock, convertible preferred stock and convertible debt). Morgan Stanley & Co.

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WHYY reports Philadelphia’s Proterra electric bus fleet sidelined due to cracked chassis and other defects

Green Car Congress

But internal communications, obtained by WHYY’s PlanPhilly through a right-to-know request, reveal the incident shook SEPTA’s top executives and triggered a serious reevaluation of its plans to convert more of its fleet to electric power. Proterra maintains that SEPTA’s fleet will be put back into service eventually.

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