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Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

Green bonds—the funds from which are exclusively applied to finance new and existing green infrastructure projects—were developed as a new investment channel in 2007, with the first few issuances by multilateral development banks, and have grown rapidly in the global market. million (US$25.4 million (US$67.5-million)

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Following the Money in the Air-Taxi Craze

Cars That Think

billion at the apex, the category’s top seven companies together have hauled in more than $5 billion in funding—a figure that doesn’t include private firms, whose finances haven’t been disclosed. With Joby and its $1.85 Even by the standards of big-money tech investment, the vision is giddily audacious.

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MEG expanding heavy-duty electric truck efforts; succsessful testing of mine vehicle

Green Car Congress

Despite heavy investment and some technological advancement, the development of low-emission and efficient diesel engines for heavy industry has proved elusive.

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Ride-sharer Grab to invest $700M in “Grab 4 Indonesia” 2020 master plan

Green Car Congress

Grab will open an R&D center in Jakarta and target hiring 150 engineers over the next two years. To equip Indonesian engineers with globally competitive skills, Grab will provide training opportunities at its R&D centers in Singapore, Beijing and Seattle. Expand access to mobile payments and financing opportunities.

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Shanghai GM Aims to Reduce Fuel Consumption 15%, Improve Performance 14% by 2015; New Engines, Prototype New Sail Electric Vehicle

Green Car Congress

The Drive to Green strategy is based on improving and optimizing the performance of traditional internal combustion engines and transmissions; continuing the roll out of hybrids; promoting electric vehicles; and supporting the development of hydrogen and other zero-emission products. liter VVT engine and 1.4-liter Advanced Powertrains.

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Transport for London package of measures to tackle pollution levels at the busiest roads in central London; Dust suppressants and Eco-marshals

Green Car Congress

The new targeted clean-up measures, which could reduce local pollution levels of PM 10 by 10-20% where applied, are financed from a Clean Air Fund secured by the Mayor and TfL from the Department for Transport (DfT). The start of a concerted No Engine Idling campaign to deter unnecessary engine running from all motor vehicles when stationary.

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BluSmart rides out of FY24 with INR 390-crore revenue in the boot – ET Auto

Baua Electric

In December, bike-taxi-focused platform Rapido also expanded into cab services. BluSmart also raised USD 25 million in a mix of debt and equity in January this year from Zurich-based climate finance firm ResponsAbility. of Gensol Engineering.

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