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Iveco Group N.V. announced that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9 May 2023, its subsidiary Iveco S.p.A. Iveco Group N.V.
Workhorse Group Inc., a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. In addition to closing the Marathon loan facility, Workhorse continues working in partnership with Duke Energy Corporation. million from Workhorse.
Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Investors in the round included Mitsui Global Investment, VenturEast and a strategic OEM partner along with its existing investors Bessemer Venture Partners, New Enterprise Associates and Infield Capital.
Mercom Capital Group, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2022 for the energy storage, smart grid, and energy efficiency sectors. Corporate funding for energy storage, smart grid, and energy efficiency companies. billion compared to $19.5
Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25
Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 and warrants to a group of investors at an exercise price of $3.88, with a five-year term.
completed a financing for C$5 million (US$4.96 Each share purchase warrant is convertible into one common share of the corporation. This financing provides valuable working capital for future growth, including certain strategic initiatives. Canada-based Li-ion battery maker Electrovaya Inc. issued to the lender. Clarence J.
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. Group 14 also includes germanium, tin, and lead.
To promote environmentally-friendly, resource-efficient extraction of lithium, the BMW Group is investing , through its venture capital fund BMW i Ventures, in US startup Lilac Solutions. The BMW investment was part of Lilac’s just-closed US$150-million Series B financing.
million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 As we are finalizing the construction of the Enerkem Alberta Biofuels facility in Edmonton and developing our next facilities, we take this new corporate equity investment as a vote of confidence in Enerkem’s growth strategy.
million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Achates Power, Inc., the developer of a family of two-stroke compression-ignition opposed-piston engines ( earlier post ), has finalized $35.2
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
Workhorse Group Inc., million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. Senior Secured Convertible Notes due 2024 to two institutional lenders.
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. Canada-based Enerkem Inc., Earlier post.).
Country’s biggest conglomerate, the Ayala Group, gets to manage the financing package The Asian Development Bank (ADB) has signed a financing package of up to PhP583 billion ($100 million) to support Ayala Corporations efforts in developing an electric mobility ecosystem in the Philippines.
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.
Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities.
announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang GroupCorporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).
The Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company. Daimler intends that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders.
billion in 17 deals compared to the $543 million in 30 deals in 1H 2018, according a new report from Mercom Capital Group. Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. Smart Grid.
Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and first nine months (9M) of 2020. Corporate funding in Q3 2020 came to $2.8
Global asset manager The Carlyle Group L.P. JPMorgan Chase has agreed to provide working capital financing for intermediate products owned by the refinery in the form of an asset-backed loan, subject to documentation. and Sunoco, Inc. Earlier post.). The transaction is expected to close in the third quarter of 2012.
The technology, invented by scientists at the University of Wollongong, is now being commercialized by Hysata , with backing from IP Group and the Clean Energy FinanceCorporation (CEFC). The porous, hydrophilic separator sustains the flow rate required for water electrolysis. Hodges et al.
Renewable Energy Group, Inc. Closing of the acquisition from Tyson Foods is conditioned on REG’s replacement of the letter of credit Tyson Foods obtained to support issuance of the bonds or completion of a financing sufficient to refinance the bonds prior to 31 December 2014 on terms acceptable to REG.
Rental car company Avis Budget Group, Inc. Nelson, Avis Budget Group chairman and CEO. In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar’s public-company costs.
Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. As one of China’s largest automakers, BAIC Group sold more than 1.7
VTES will be integrated into Valeo’s Powertrain Systems Business Group with immediate effect. CPT was advised on the transaction by Turquoise International (corporatefinance) and Matthew Arnold Baldwin (legal & tax). Unlike exhaust-driven turbochargers, electric superchargers are driven by an electric motor.
Hyundai Motor Group and India-based Ola—one of the world’s largest ride-hailing platforms— announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.
Hyundai Motor Group and Grab Holdings Inc. The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety.
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.
Via , a company that provides digital infrastructure to power public mobility in cities around the world ( earlier post ), has raised a Series E financing led by EXOR. The financing values the company at $2.25 billion and will enable Via to advance its vision of efficient, accessible, and equitable public mobility.
Virescent Ventures led the funding round on behalf of the Clean Energy FinanceCorporation (CEFC) (Aus), with participation from Kiko Ventures (UK), IP Group Australia, Vestas Ventures (Denmark), Hostplus (Aus) and BlueScope (via its ventures arm BlueScopeX TM) (Aus). million AUD (US$30 million).
Safran acquired an equity interest in Li-Sulfur battery manufacturer OXIS Energy ( earlier post ) through its Safran Corporate Ventures subsidiary, which invests in disruptive technology businesses. Safran Corporate Ventures is participating in a £7-million (US$9.1-million) Source: OXIS Energy.
Qteros also announced that it has closed the initial tranche in its Series C financing. The completion of this $22M financing is expected to provide sufficient funding to accelerate its development and commercialization plans. and Chairman, Praj Group. India-based Praj Industries Limited and Qteros, Inc.,
The temporary insolvency administrators appointed for the three companies—Bruno Kübler, Bettina Breitenbücher and Tim Brune of the German law firm Kübler—say they intend to restructure the CHOREN Group through an insolvency plan or through sale of the group to an investor.
The ITUC released a new report that names seven companies that “maintains inequalities and impunity for bad-faith actors, finances far-right political operatives, and values private profit over public and planetary good.” ” It is interesting to put Tesla in the category of putting profits over “planetary good.”
a subsidiary of the Swiss-based energy group, The Addax and Oryx Group Limited (AOG), recently signed a loan agreement with seven European and African development institutions for an integrated renewable energy and agriculture project near Makeni, in Sierra Leone. Addax Bioenergy S.A. ,
The KCB Group is the largest financial services organization in East Africa in terms of asset size. The Group is headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, South Sudan, Tanzania, Uganda, and Burundi.
One week after the Volkswagen Group announced a US$300-million strategic investment in global ride hailing provider Gett ( earlier post ), the two companies laid the cornerstone for their strategic partnership at a kick-off event at the DRIVE Volkswagen Group Forum in Berlin. —Ole Harms.
According to a new binding agreement, Daimler AG will invest in BAIC Motor, the passenger car unit of BAIC Group. As one of China’s largest automakers, BAIC Group sold more than 1.5 BFDA), Fujian Benz Automotive Corporation (FBAC) and Shenzhen BYD Daimler New Technology Co. million vehicles in 2011.
Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. Total corporate funding, including debt and public market financing, increased to $2.8
A123 Systems, a developer and manufacturer of advanced lithium-iron phosphate batteries and systems, signed a non-binding memorandum of understanding (MOU) with Wanxiang GroupCorporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123.
Battery and advanced materials company Talga Group ( earlier post ), with 100% owned graphite resources in Sweden, has received firm commitments for a placement of new fully paid ordinary Talga shares to raise A$40 million (US$27.3 BurnVoir CorporateFinance acted as financial adviser to the company. million) before costs.
has entered into definitive agreements with a group of investors to issue, on a private placement basis, $500 million in equity securities. The financing was led by a combination of new and existing shareholders. Stikeman Elliot LLP acted as legal counsel to the KERN led shareholder group. Canada-based Osum Oil Sands Corp.
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