Green Cars News

JUNE 21, 2019

New car marketplace Leasing.com has won the Gamechanger award at the 4th annual Car Finance Awards

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Green Cars News

OCTOBER 15, 2019

Car finance is set to undergo a crackdown after the Financial Conduct Authority (FCA) found that some retailers and brokers are using sales-based commission that leaves consumers out of pocket

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APRIL 12, 2019

Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.

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Green Car Reports

OCTOBER 11, 2018

The development of the luxury electric Faraday Future FF91, has been a roller-coaster ride of winning financing, running into disputes, delaying the car, and finding new investors. Faraday's Future has hit another snag, in a dispute with the company's latest investors. DON'T MISS: Faraday Future gets a $2 billion lifeline to build expensive. Faraday Future

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JANUARY 3, 2019

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics. Workhorse Group Inc.,

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JULY 23, 2019

Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. Total corporate funding (including venture capital funding, public market, and debt financing) for battery storage, smart grid, and efficiency companies in 1H 2019 was flat with $2.3 VC funding in Battery Storage companies in 1H 2019 was up by 139% with $1.4

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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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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.,

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Financing 2014 Companies Pennsylvania 128

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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.

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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.

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FEBRUARY 6, 2018

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. Canada-based Enerkem Inc.,

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2018 Financing Waste Canada 95

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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.

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Green Car Congress

MAY 7, 2012

million of financing in its Series D round. Braemar Energy Ventures and Kleiner Perkins Caufield & Byers led the financing and were joined by Toyota Tsusho Corporation and existing investor Rho Ventures. The financing will enable Coulomb to expand its operations and further grow the ChargePoint Network and expand the deployment of its cloud-based charging solutions for electric vehicles.

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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.

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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

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JUNE 23, 2017

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).

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AUGUST 23, 2010

Changes in how transport is financed are essential if cities and nations are to deal effectively with the rapid growth in motor vehicle traffic and related environmental and health problems, including climate change, according to a new report by the Transport Research Laboratory released at Fifth Regional EST Forum in Asia by the Institute for Transportation and Development Policy (ITDP) and the Partnership for Sustainable Low Carbon Transport.

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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.

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Creative Greenius

MARCH 8, 2009

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners.

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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

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JANUARY 17, 2012

SGB), a bioenergy crop company developing elite hybrid seeds of Jatropha as a low-cost feedstock for biodiesel, biojet fuel and specialty chemicals, has completed a $17-million Series B financing led by Thomas, McNerney & Partners with participation from Finistere Ventures and current investors Flint Hills Resources, LLC and Life Technologies Corporation. SG Biofuels, Inc.

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NOVEMBER 26, 2014

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.

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JULY 10, 2012

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products. This type of arrangement, also known as floorplan financing, allows dealers to stock, market and sell a wide variety of motorcycles and related products from manufacturers.

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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.

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OCTOBER 3, 2012

Waste gases-to-fuels and -chemicals technology company LanzaTech has closed on $15 million in debt financing from Western Technology Investment (WTI), a private investment firm based in Silicon Valley. Earlier this year, LanzaTech closed a $55.8-million Series C funding round led by Malaysian Life Sciences Capital Fund, bringing the total capital raised to date to more than $100 million.

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Green Cars News

JANUARY 4, 2011

Mitsubishi has confirmed finance offers for its newly available electric car model, the i-MiEV, as Government grants for electric cars come available to UK buyers. Mitsubishi Contract Hire electric car ev finance residualThe Japanese car maker, one of the first to retail a fully electric car in the UK, is offering the new electric car for £399 per month on 48 month [.].

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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.

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FEBRUARY 10, 2015

Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects. This new investment follows a previous investment of $40 million from BioFields in 2014. Founded in 2006, Algenol converts CO 2 from industrial emitters into transportation fuels through its Direct-To-Ethanol process.

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2015 Financing International Florida 71

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.

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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.

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MAY 8, 2014

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Prior to Hyundai, BVR was with Tata Administrative Services and headed marketing at Tata Motors with overall responsibility for formulating and implementing strategies in marketing, sales, service and financing for both commercial vehicles and passenger cars.

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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.,

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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.

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2017 Financing Sale Cars 41

Green Car Congress

SEPTEMBER 14, 2010

a bioenergy crop company developing and producing elite seeds of Jatropha, has completed a $9.4-million Series A financing with proceeds from Flint Hills Resources, a privately held company based in Kansas, Life Technologies Corporation, a biotechnology tools company based in Carlsbad, Calif., The financing will support the company's efforts to advance Jatropha as a high-yielding, low cost feedstock for diesel, jet fuel and petrochemicals. SG Biofuels, Inc.,

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MARCH 29, 2017

Westinghouse has obtained $800 million in debtor-in-possession (DIP) financing from a third-party lender to help fund and protect its core businesses during its reorganization. The DIP financing will fund Westinghouse’s core businesses of supporting operating plants, nuclear fuel and components manufacturing and engineering as well as decommissioning, decontamination, remediation and waste management as the company works to reorganize around these strong business units.

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AUGUST 23, 2011

million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. The financing will be used to further grow customer adoption in key commercial markets, expand internationally and develop and commercialize new products. Stationary fuel cell manufacturer ClearEdge Power has raised $73.5

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MARCH 31, 2014

Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing.

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JUNE 11, 2015

France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million (US$1.6-million) financing from Bpifrance on the isobutene program. This financing, which allows Global Bioenergies to strengthen its leadership in the field of fermentative isobutene, is structured in the form of a €1.4-million interest-free loan over seven years.

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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.,

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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.

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Green Car Reports

JULY 5, 2018

As if to confirm one of the biggest concerns of electric-car doubters, lithium prices have tripled since 2015. Not to worry, say those who sell electric cars, the world has no shortage of raw lithium; new businesses just need to jump into the opportunity to open new mines to extract more of the material. Things are not always as simple as they. lithium

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APRIL 1, 2015

Global Bioenergies, a startup developing and commercializing a fermentation process that targets gaseous isobutene, has obtained a €4.4-million (US$4.7-million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. This new financing will cover the purchase of a complete fermentation unit, comprising an inoculation fermenter, a propagation fermenter, and a 5,000L production fermenter.

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SEPTEMBER 11, 2014

Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation. The new financing will be used to complete process development at pilot scale, providing the information needed for further scale up to a tons-per-day plant.

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