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

Green Car Congress

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. These RIN credits are purchased by US refiners to comply with the RFS program. Earlier post.).

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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

Pinnacle Engines, developer of a highly efficient 4-stroke, spark-ignited (SI), opposed-piston, sleeve-valve architecture engine ( earlier post ), has appointed five industry leaders to its newly formed Asian Business Advisory Board. Before Geely, Freeman was CEO of Fiat Powertrain China and President of China operations at BorgWarner Inc.

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Continental considers sale of ContiTech auto unit amid broader reorganization, document says

Baua Electric

The corporate mentioned in February it was once reorganizing ContiTech from six sections into one in each and every of Europe, the Americas and Asia Pacific, era bundling its automobile actions right into a detached unit geared in opposition to electromobility. billion) — is because of be separated from the industry inside of two years.

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Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

Corporate executives mentioned it might additionally lift $500 million in the future via present credit score and mortgage guarantees. The corporate confronted delisting from Nasdaq as a result of its accumulation used to be buying and selling beneath $1. However the proportion worth has recovered to related at $1.38

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Daimler to split into two pure-play companies: cars & vans, trucks & buses

Green Car Congress

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 Truck supplies industry leading transportation solutions and services to customers.

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FREYR to supply 38 GWh of Li-ion cells to Nidec; forming JV for modules & packs

Green Car Congress

FREYR Battery and Nidec Corporation finalized an expanded 38 GWh battery cell sales agreement from 2025 – 2030. Additionally, the companies have agreed to form a downstream joint venture in which Nidec will hold a super-majority to provide integrated industrial scale ESS solutions to customers globally.

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Hampleton Partners: Autotech M&A remains constant, driven by EVs and charging

Green Car Congress

The latest Autotech & Mobility M&A Market Report from Hampleton Partners, the international M&A and corporate finance advisory firm for technology companies, shows that the appetite for Autotech & Mobility deals has remained consistent despite the impact of COVID disruption, the global semiconductor shortage and supply chain issues.

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