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

Green Car Congress

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%

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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.) Earlier post.)

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

Green Car Congress

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.). LPO expects the project to further develop a socially and environmentally responsible US supply chain for lithium.

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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

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 Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5

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ChargePoint acquires eBus and commercial vehicle management provider ViriCiti to accelerate fleet electrification

Green Car Congress

ChargePoint acquired ViriCiti for a total purchase price of approximately €75 million (US$88 million) in cash, subject to adjustments. IMPROVED Corporate Finance B.V. The ViriCiti team, customer accounts and technology will become part of ChargePoint’s operations. —Pasquale Romano, President and CEO of ChargePoint.

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Nikola pivots towards hydrogen for North American marketplace

Baua Electric

The Phoenix-based electric-truck corporate is shedding upward of $150 million consistent with quarter and holds about $150 million in money and receivables on its stability sheet. The corporate can elevate as much as $500 million in the future via present credit score and mortgage oaths. Nikola Corp. is strapped for money.

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Toyota Financial Services issues first Euro-denominated Green Bond allocated specifically to the sales of low-emission vehicles; €600M

Green Car Congress

The €600-million (US$704-million) bond will be used to fund the acquisition of new retail finance contracts and beneficial interests in lease contracts for Toyota and Lexus vehicles that meet specific clean air criteria, including powertrain, fuel efficiency and emissions.

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