Green credentials Autumn statement finance George OsborneA planned increase of 3 pence per litre in fuel duty has been scrapped by the Chancellor George Osborne this afternoon, as he delivered his Autumn Statement. MORE
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. MORE
If you're considering a 2015 Nissan Leaf electric car, now might be a good time to make your move. Sales have stayed essentially flat for the past few months, and more cars are starting to come off leases. Amid those market currents, Nissan is boosting incentives on the five-door hatchback. DON'T MISS: Best Deals On Hybrid, Electric, Diesel Cars. car buying plug-in cars deals lease price MORE
The Park City region deployment not only marks the first battery-electric transit fleet for Utah and the nationwide mountain resort industry, it also represents the first implementation of Proterra’s battery-lease financing model—i.e., Park City Transit received financing for the six Proterra buses through an extremely competitive Low-No Emissions Grant with the US Department of Transportation, Federal Transit Administration (FTA). MORE
a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”. MORE
Finance Elon Musk Tesla Motors plug-in cars Stock MarketIt had to come, and it did: Tesla Motors is selling more stock to bolster its cash position as it prepares to launch its second high-volume electric car. The California company announced this morning it would offer $500 million in new common stock And, the company noted, CEO Elon Musk "intends to purchase $20 million of common stock in this. MORE
Waste to biofuels and chemicals company Enerkem announced the closing of C$59 million (US$60 million) in financing. As part of this financing, Valero Energy Corp. Enerkem’s financing round, for which Credit Suisse acted as agent, will support the company’s large roll-out of current and future planned projects. joins existing investors Waste Management, Rho Ventures, Braemar Energy Ventures and Cycle Capital, who have each invested in the new equity round. MORE
Agilyx Corporation has secured a new round of Series C funding worth $25 million, led by new investor Keating Capital and joined by existing investors Kleiner Perkins Caulfield & Byers, Saffron Hill Ventures, Waste Management, Total Energy Ventures International, an affiliate of Total S.A., Chrysalix Energy Venture Capital and Reference Capital. Agilyx economically converts difficult to recycle waste plastic into synthetic crude oil. Earlier post.). MORE
Tags: Electric cars Green cars Latest news electric vehicles GE GE Finance General Electric Jeffrey Immelt MORE
Coal is the worst fossil fuel, that much is clear. Its carbon footprint per kilowatt-hour of electricity when it's burned by electric utilities to make electricity is far, far higher than that of natural gas. And that's even before the slowly improving economics of renewable sources come into play, from home solar photovoltaic panels to huge. Carbon Footprint EPA natural gas climate change electric utilities regulation renewable energy energy MORE
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Financing Project VGV: the Green Redemption Fund. MORE
Car leasing companies Car finance OpinionThe biggest shift in car buying habits in the past decade has been the move away from visiting a showroom several times before making a commitment to. MORE
The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas. MORE
Ford and Sollers also signed a Letter of Intent with Vnesheconombank (VEB), the Russian development bank, for long-term financing for Ford Sollers of 39 billion Russian roubles, or approximately $1.4 Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia. The new business, named Ford Sollers, is scheduled to start operations later this year. MORE
The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. Ultracapacitor company Nesscap Energy Inc. has completed a non-brokered private placement of a US $1,000,000 Convertible Note with I2BF Energy. The proceeds will be used for working capital. The Note has a maturity date of 1 April 2015; the conversion price is CAD 0.10 per common share; the interest rate is 10% per year. MORE
UQM Technologies, a developer of and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus and military markets, completed a $5.3-million capital raise through institutional investors. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. MORE
Four out of five private new cars are purchased using some form of point-of-sale finance, according to the the latest stats from the Finance and Leasi. MORE
Car leasing companies Car finance LeasingWe hear a great deal about the millennial generation and why they matter so much as consumers of everything from coffee to cars. Where four wheels are. MORE
The Finance and Leasing Association (FLA) has published its latest report which shows that point of sale (POS) consumer new car finance grew 13% by va. MORE
Green Elon Musk Finance Tesla Model X Tesla Motors plug-in carsThe quarterly financial results issued by electric-car maker Tesla Motors, plus the ensuing conference call with CEO Elon Musk, are eagerly followed by fans and analysts alike. Some of its most scrutinized numbers are the Model S production and delivery numbers, and the projections for how many cars the company will deliver for the rest of the. MORE
There’s cause for celebration in the contract hire and leasing industry, as new figures released by the Finance & Leasing Association (FLA) have r. MORE
a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Additionally, United Fleet and Echo consummated a financing and security agreement in which United Fleet agreed to provide an additional $1,500,000 of working capital for Echo through mezzanine financing. MORE
Car leasing companies Car finance Opinion BVRLA LeasingIt’s no secret that the Personal Contract Hire (PCH) sector continues to grow at an exceptional rate, and leading lights in the rental and leasing ind. MORE
Skeleton Technologies, a manufacturer of high power- and energy-density ultracapacitors ( earlier post ) has completed Round A financing of €3.9 The financing will be used for production scale-up and product development in addition to sales and marketing efforts. The total Round A financing, led by Estonian venture capital investor UP Invest AS includes the first financing tranche of €2.2 MORE
The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. This input will augment financing strategies that DOE analyzes for public deployment of infrastructure for supporting FCEV introduction in US markets. MORE
a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. Aquion Energy, Inc., MORE
Car leasing companies Car finance Opinion Features Editors Picks ContractHireAndLeasing.comThe very first words to represent automotive advertising were, quite simply, ‘Dispense With A Horse’. This commanding headline by Winston Motor Carria. MORE
the developer of a charger with an integral continuously variable transmission (CVT) ( earlier post ), has raised $8 million in Series C equity financing round. Proceeds from the financing will help drive the company’s growth initiatives and speed up the commercialization of the SuperTurbo technology. VanDyne SuperTurbo Inc., MORE
Finance Elon Musk Tesla Motors Merger Google plug-in cars Like any startup company, Tesla Motors has had crises where the electric-car maker came very close to financial collapse. One was in 2008, when its Roadster model was late in delivery and its two-speed transmission proved unable to handle the car''s power. But a second crisis developed in late 2012 and early 2013, when sales of its Model S electric. MORE
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 billion (post money valuation on a fully diluted basis) since the last financing in January 2010. MORE
Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. In addition, the Hercules debt facility expands Proterra’s access to working capital, a critical component of growth financing as production volume increases. MORE
Tech CU (Technology Credit Union) is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles, offering up to 100% financing with a competitive annual percentage rate (APR). Tesla is also a Tech CU Member Company; Tech CU provides Tesla employees with resources that include personal and business banking, commercial lending and comprehensive wealth management services that include investing and financial planning. MORE
The BASF subsidiary led a $50-million financing round, joined by new and existing investors. BASF, through BASF Biorenewable Beteiligungs GmbH & Co. KG, is investing $30 million in Renmatix, the developer of the “Plantrose” process, a two-step supercritical hydrolysis method to produce sugars from biomass with less expense by utilizing water at elevated temperatures and pressures to quickly solubilize cellulose.( Earlier post.) MORE
Finance General Motors Tesla Motors plug-in cars Stock Market Fiat Chrysler Automobiles (FCA Tesla Motors has spent more than 10 years beating the odds for startup automakers. Most new, independent makers barely survive long enough to produce a handful of vehicles, let alone sell more than 100,000 and garner praise from both customers and the media—as the electric-car startup has done. Now the Silicon Valley automaker can claim. MORE
We love data, and articles that analyze data. We love them a little less when their opening lines sneer at sites like this one by calling them the "sunshine, lollipops and rainbows electric car press." Still, there are far more interesting problems with a recent analysis on Seeking Alpha entitled "Electric Cars--Still Crazy After Five More Years MORE
Green Elon Musk Finance Loss Profit Tesla Motors plug-in carsOne of the most contentious points in coverage of electric-car maker Tesla Motors is its financial performance. On the one side, analysts and naysayers note that the company continues to lose money. CEO Elon Musk himself has admitted that the company won't turn a profit using Generally Accepted Accounting Principles (GAAP) until 2020 or later. MORE
sales Financing experian plug-in cars We''re not entirely sure what it has to do with Earth Day, to be honest, but here''s an odd little statistic. Turns out that buyers of green cars--whether they''re hybrids or plug-in electric cars--are somewhat more likely to pay cash for their cars than are buyers of all vehicles on average. DON''T MISS: Who Buys Plug-In Electric Cars, And Why? MORE
These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan. Mascoma will contribute the proceeds from its DOE cooperative agreement award and its State of Michigan grant to the joint venture, while Valero will provide additional financing required to develop the Kinross facility. MORE
Who grinned--and who grimaced--while looking over the Chevy Bolt EV 200-mile electric car? And, why did Tesla Motors sue a German supplier that worked on the development of its Model X? This is our look back at the Week In Reverse--right here at Green Car Reports--for the week ending on Friday, January 22, 2016. Friday, we noted that the future of. The Week In Reverse MORE
Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing. Terms of the financing were not disclosed. MORE
The Hydrogen Education Foundation announced the 11 th annual Hydrogen Student Design Contest, which will challenge student teams to develop business and financing models for hydrogen fueling stations. Through the Contest, multidisciplinary student teams will demonstrate their talents in business, finance, engineering, public planning, architecture, marketing, and entrepreneurship. MORE
a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. The term loan is exchangeable into convertible debentures within 90 days of the closing of the financing, subject to certain ownership limitations. million in convertible debentures within 90 days of closing of the Financing. MORE
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. In addition to the common stock investment, NRG Energy has extended a $40 million revolving construction and term financing facility for the purpose of accelerating project development by FuelCell Energy and its subsidiaries. per annum for construction-period financing and 8.0% FuelCell Energy, Inc., MORE
Financing Related Topics 
Green Cars News
DECEMBER 2, 2016
Car leasing companies Car finance Opinion BVRLA LeasingIt’s no secret that the Personal Contract Hire (PCH) sector continues to grow at an exceptional rate, and leading lights in the rental and leasing ind.
Green Cars News
OCTOBER 10, 2016
Four out of five private new cars are purchased using some form of point-of-sale finance, according to the the latest stats from the Finance and Leasi.
Green Car Congress
MARCH 9, 2017
Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing. Terms of the financing were not disclosed.
Green Car Congress
JUNE 2, 2013
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Financing Project VGV: the Green Redemption Fund.
Green Cars News
AUGUST 5, 2016
There’s cause for celebration in the contract hire and leasing industry, as new figures released by the Finance & Leasing Association (FLA) have r.
Green Car Reports
JULY 23, 2015
If you're considering a 2015 Nissan Leaf electric car, now might be a good time to make your move. Sales have stayed essentially flat for the past few months, and more cars are starting to come off leases. Amid those market currents, Nissan is boosting incentives on the five-door hatchback. DON'T MISS: Best Deals On Hybrid, Electric, Diesel Cars. car buying plug-in cars deals lease price
Green Car Reports
FEBRUARY 28, 2017
Finance General Motors Tesla Motors plug-in cars Stock Market Fiat Chrysler Automobiles (FCA Tesla Motors has spent more than 10 years beating the odds for startup automakers. Most new, independent makers barely survive long enough to produce a handful of vehicles, let alone sell more than 100,000 and garner praise from both customers and the media—as the electric-car startup has done. Now the Silicon Valley automaker can claim.
Green Car Congress
JULY 31, 2014
Skeleton Technologies, a manufacturer of high power- and energy-density ultracapacitors ( earlier post ) has completed Round A financing of €3.9 The financing will be used for production scale-up and product development in addition to sales and marketing efforts. The total Round A financing, led by Estonian venture capital investor UP Invest AS includes the first financing tranche of €2.2
Green Cars News
JANUARY 13, 2017
The Finance and Leasing Association (FLA) has published its latest report which shows that point of sale (POS) consumer new car finance grew 13% by va.
Green Car Reports
AUGUST 13, 2015
Finance Elon Musk Tesla Motors plug-in cars Stock MarketIt had to come, and it did: Tesla Motors is selling more stock to bolster its cash position as it prepares to launch its second high-volume electric car. The California company announced this morning it would offer $500 million in new common stock And, the company noted, CEO Elon Musk "intends to purchase $20 million of common stock in this.
Green Car Congress
DECEMBER 13, 2013
The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. This input will augment financing strategies that DOE analyzes for public deployment of infrastructure for supporting FCEV introduction in US markets.
Green Car Congress
MAY 27, 2013
a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Additionally, United Fleet and Echo consummated a financing and security agreement in which United Fleet agreed to provide an additional $1,500,000 of working capital for Echo through mezzanine financing.
Green Car Reports
AUGUST 12, 2015
Green Elon Musk Finance Tesla Model X Tesla Motors plug-in carsThe quarterly financial results issued by electric-car maker Tesla Motors, plus the ensuing conference call with CEO Elon Musk, are eagerly followed by fans and analysts alike. Some of its most scrutinized numbers are the Model S production and delivery numbers, and the projections for how many cars the company will deliver for the rest of the.
Green Car Congress
DECEMBER 23, 2014
The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. Ultracapacitor company Nesscap Energy Inc. has completed a non-brokered private placement of a US $1,000,000 Convertible Note with I2BF Energy. The proceeds will be used for working capital. The Note has a maturity date of 1 April 2015; the conversion price is CAD 0.10 per common share; the interest rate is 10% per year.
Green Cars News
JULY 22, 2016
Car leasing companies Car finance Opinion Features Editors Picks ContractHireAndLeasing.comThe very first words to represent automotive advertising were, quite simply, ‘Dispense With A Horse’. This commanding headline by Winston Motor Carria.
Green Car Reports
AUGUST 11, 2015
Coal is the worst fossil fuel, that much is clear. Its carbon footprint per kilowatt-hour of electricity when it's burned by electric utilities to make electricity is far, far higher than that of natural gas. And that's even before the slowly improving economics of renewable sources come into play, from home solar photovoltaic panels to huge. Carbon Footprint EPA natural gas climate change electric utilities regulation renewable energy energy
Green Car Reports
JANUARY 23, 2016
Who grinned--and who grimaced--while looking over the Chevy Bolt EV 200-mile electric car? And, why did Tesla Motors sue a German supplier that worked on the development of its Model X? This is our look back at the Week In Reverse--right here at Green Car Reports--for the week ending on Friday, January 22, 2016. Friday, we noted that the future of. The Week In Reverse
Green Car Congress
JUNE 1, 2011
Waste to biofuels and chemicals company Enerkem announced the closing of C$59 million (US$60 million) in financing. As part of this financing, Valero Energy Corp. Enerkem’s financing round, for which Credit Suisse acted as agent, will support the company’s large roll-out of current and future planned projects. joins existing investors Waste Management, Rho Ventures, Braemar Energy Ventures and Cycle Capital, who have each invested in the new equity round.
Green Car Congress
NOVEMBER 11, 2011
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 billion (post money valuation on a fully diluted basis) since the last financing in January 2010.
Green Cars News
JANUARY 2, 2017
Car leasing companies Car finance OpinionThe biggest shift in car buying habits in the past decade has been the move away from visiting a showroom several times before making a commitment to.
Green Car Congress
JANUARY 31, 2014
a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. Aquion Energy, Inc.,
Green Cars News
DECEMBER 31, 2016
Car leasing companies Car finance LeasingWe hear a great deal about the millennial generation and why they matter so much as consumers of everything from coffee to cars. Where four wheels are.
Green Car Congress
SEPTEMBER 19, 2014
Tech CU (Technology Credit Union) is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles, offering up to 100% financing with a competitive annual percentage rate (APR). Tesla is also a Tech CU Member Company; Tech CU provides Tesla employees with resources that include personal and business banking, commercial lending and comprehensive wealth management services that include investing and financial planning.
Green Car Reports
AUGUST 31, 2015
Green Elon Musk Finance Loss Profit Tesla Motors plug-in carsOne of the most contentious points in coverage of electric-car maker Tesla Motors is its financial performance. On the one side, analysts and naysayers note that the company continues to lose money. CEO Elon Musk himself has admitted that the company won't turn a profit using Generally Accepted Accounting Principles (GAAP) until 2020 or later.
Green Cars News
DECEMBER 5, 2012
Green credentials Autumn statement finance George OsborneA planned increase of 3 pence per litre in fuel duty has been scrapped by the Chancellor George Osborne this afternoon, as he delivered his Autumn Statement.
Green Car Reports
APRIL 19, 2012
We love data, and articles that analyze data. We love them a little less when their opening lines sneer at sites like this one by calling them the "sunshine, lollipops and rainbows electric car press." Still, there are far more interesting problems with a recent analysis on Seeking Alpha entitled "Electric Cars--Still Crazy After Five More Years
Green Car Reports
APRIL 20, 2015
Finance Elon Musk Tesla Motors Merger Google plug-in cars Like any startup company, Tesla Motors has had crises where the electric-car maker came very close to financial collapse. One was in 2008, when its Roadster model was late in delivery and its two-speed transmission proved unable to handle the car''s power. But a second crisis developed in late 2012 and early 2013, when sales of its Model S electric.
Green Car Congress
DECEMBER 27, 2012
The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas.
Green Car Congress
JANUARY 3, 2012
The BASF subsidiary led a $50-million financing round, joined by new and existing investors. BASF, through BASF Biorenewable Beteiligungs GmbH & Co. KG, is investing $30 million in Renmatix, the developer of the “Plantrose” process, a two-step supercritical hydrolysis method to produce sugars from biomass with less expense by utilizing water at elevated temperatures and pressures to quickly solubilize cellulose.( Earlier post.)
Green Car Congress
FEBRUARY 14, 2012
the developer of a charger with an integral continuously variable transmission (CVT) ( earlier post ), has raised $8 million in Series C equity financing round. Proceeds from the financing will help drive the company’s growth initiatives and speed up the commercialization of the SuperTurbo technology. VanDyne SuperTurbo Inc.,
Green Car Reports
APRIL 22, 2015
sales Financing experian plug-in cars We''re not entirely sure what it has to do with Earth Day, to be honest, but here''s an odd little statistic. Turns out that buyers of green cars--whether they''re hybrids or plug-in electric cars--are somewhat more likely to pay cash for their cars than are buyers of all vehicles on average. DON''T MISS: Who Buys Plug-In Electric Cars, And Why?
Green Car Congress
AUGUST 3, 2014
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. In addition to the common stock investment, NRG Energy has extended a $40 million revolving construction and term financing facility for the purpose of accelerating project development by FuelCell Energy and its subsidiaries. per annum for construction-period financing and 8.0% FuelCell Energy, Inc.,
Green Car Congress
DECEMBER 9, 2011
These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan. Mascoma will contribute the proceeds from its DOE cooperative agreement award and its State of Michigan grant to the joint venture, while Valero will provide additional financing required to develop the Kinross facility.
Green Car Congress
FEBRUARY 26, 2009
a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”.
Green Cars News
OCTOBER 31, 2010
Tags: Electric cars Green cars Latest news electric vehicles GE GE Finance General Electric Jeffrey Immelt
Green Car Congress
DECEMBER 19, 2011
Agilyx Corporation has secured a new round of Series C funding worth $25 million, led by new investor Keating Capital and joined by existing investors Kleiner Perkins Caulfield & Byers, Saffron Hill Ventures, Waste Management, Total Energy Ventures International, an affiliate of Total S.A., Chrysalix Energy Venture Capital and Reference Capital. Agilyx economically converts difficult to recycle waste plastic into synthetic crude oil. Earlier post.).
Green Car Congress
MAY 10, 2014
a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. The term loan is exchangeable into convertible debentures within 90 days of the closing of the financing, subject to certain ownership limitations. million in convertible debentures within 90 days of closing of the Financing.
Green Car Congress
FEBRUARY 6, 2014
UQM Technologies, a developer of and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus and military markets, completed a $5.3-million capital raise through institutional investors. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles.
Green Car Congress
JUNE 9, 2011
Ford and Sollers also signed a Letter of Intent with Vnesheconombank (VEB), the Russian development bank, for long-term financing for Ford Sollers of 39 billion Russian roubles, or approximately $1.4 Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia. The new business, named Ford Sollers, is scheduled to start operations later this year.
Green Car Congress
JUNE 30, 2015
Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. In addition, the Hercules debt facility expands Proterra’s access to working capital, a critical component of growth financing as production volume increases.
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