article thumbnail

T&E: Denmark, Luxembourg, Netherlands lead deployments of zero-emission buses in Europe

Green Car Congress

Denmark leads the way when it comes to putting zero-emission urban buses on the streets in Europe, with 78% of new vehicles being electric, according to the latest data from green NGO Transport & Environment. However, Germany is now financing 80% of the higher purchase cost of e-buses.

article thumbnail

Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

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

Financing 252
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Novozymes and Shengquan finalize cellulosic ethanol enzyme supply deal; Shenquan production begins next month

Green Car Congress

The two companies signed the deal during China President Hu Jintao’s visit to Denmark, in the presence of His Royal Highness Crown Prince Frederik of Denmark, Wang Qishan, Vice-Premier of the People’s Republic of China, and Margrethe Vestager, Minister for Economic Affairs and the Interior, Denmark.

Supplies 281
article thumbnail

GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

On the other hand, venture finance deal values also grew from $595.23 mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries. Last year, mergers and acquisitions (M&A) deals reached $24.4 billion in monetary value, representing a 288% increase compared to 2021 levels.

Hydrogen 473
article thumbnail

Better Place secures €40M European Investment Bank loan

Green Car Congress

The majority of the proceeds from the loan (approximately €30 million, US$37 million) will be used to finalize network deployments and fund operations in Denmark. In Denmark, the Better Place network of Battery Switch Stations now connects Copenhagen to Aarhus. The remaining proceeds will be used for similar purposes in Israel.

Israel 257
article thumbnail

Hysata closes $42.5M AUD Series A to commercialize capillary-fed electrolysis

Green Car Congress

Virescent Ventures led the funding round on behalf of the Clean Energy Finance Corporation (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).

article thumbnail

Better Place consortium launches electric taxi project with battery switch station at Schiphol airport

Green Car Congress

Awarded last year, the project consortium, “Greening European Transportation Infrastructure for Electric Vehicles,” is the first decarbonization infrastructure project co-financed by the European Union’s TEN-T program. Better Place has raised more than $750 million of equity financing to date. million miles).

Taxi 294