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McMaster switched reluctance motor spinout Enedym closes $15M funding round

Green Car Congress

Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., Enedym Switched Reluctance Motors (SRMs) remove the need for these costly magnets.

Motor 321
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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

Motor 321
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Tata Motors launches $10,000 electric hatch; deliveries of Tiago.ev start in January

Green Car Congress

Tata Motors, India’s leading automobile manufacturer, launched the newest member of its EV family this past week: the Tiago.ev. Equipped with a permanent magnet synchronous motor, Tiago.ev Equipped with a permanent magnet synchronous motor, Tiago.ev —Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd.,

Motor 435
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Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. 4’s interior offers a modern design, high-tech features, and plenty of cargo space. 4 features a sleek exterior design with clean lines, oval headlights, and a large air intake. Volkswagen ID.4

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Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo

Green Car Congress

After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit-approved customers. Fisker is pricing its new Ocean electric SUV with an MSRP of US $37,499.

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Toyota invests $394M in, collaborates with Joby on air mobility

Green Car Congress

—Toyota Motor Corporation President and CEO Akio Toyoda. As the lead investor in Joby’s $590-million Series C financing, Toyota is continuing to leverage emerging technologies to provide "Mobility for All.". The aircraft also offers lower operating costs, lower costs of maintenance, and enhanced safety features.

Toyota 307
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Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Electra Vehicles

In January 2023, , Electra announced a Design Win in partnership with BlackBerry IVY to deploy their joint technology in the , PATEO digital cockpit on a , Dongfeng Motor Voyah EV. The company has grown its library of battery and vehicle data models and built upon an extensive dataset of 300+ battery and capacitor chemistries.