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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

Green Car Congress

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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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. This new and significant financing will help accelerate our growth and further expand project development and implementation. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.

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Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

for electric vehicle financing. Terra Motors a leading electric vehicles manufacturer in India has partnered with Pooja Finelease Ltd. India’s leading non-banking finance company for electric vehicle financing. FCC Corporation. It focuses on establishing the foundation for a sustainable mobility industry globally.

Financing 101
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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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The report indicates that “ the G7 will need to assist emerging market and developing countries in tackling their greater debt and finance constraints that have resulted from the pandemic, and embark on programmes of green recovery and transformation ”. The report says that $1.5-1.7 It suggests that $1.4

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Moody’s upgrades Hyundai Motor’s corporate rating to A3 with stable outlook | Autocar Professional

Baua Electric

Credit rating agency Moody’s has upgraded South Korean automotive manufacturer Hyundai Motor Company’s corporate rating to A3 with a stable outlook, from a previous rating of Baa1, with a positive outlook.

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DOE offers Ioneer conditional commitment for a loan of up to US$700M for Rhyolite Ridge project

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If finalized, LPO’s loan to the Rhyolite Ridge project would finance the on-site processing of lithium carbonate that could potentially support production of lithium for approximately 370,000 EVs each year. Earlier post.).

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Toyota Blockchain Lab accelerating blockchain technology initiatives and external collaboration

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Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. It is also engaging in global collaboration with Group companies, including Toyota Research Institute - Advanced Development, Inc. and relationship-building with partner companies.

Toyota 286