Is leasing the car finance option that consumers really want?

Green Cars News

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.

Consumer car finance goes from strength to strength

Green Cars News

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.

Trending Sources

“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

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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Biomass-to-sugar company Comet Biorefining completes new round of equity financing

Green Car Congress

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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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

Green Car Congress

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

2014 32

Park City Transit deploying six Proterra electric buses; battery-lease financing model

Green Car Congress

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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Tesla has become a U.S. Big Three carmaker (by market value)

Green Car Reports

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.

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Ultracapacitor manufacturer Skeleton Technologies raises €3.9M (US$5.2 M) in Round A financing

Green Car Congress

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

FLA reports further growth for new car finance sector

Green Cars News

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.

Tesla Motors Announces New Stock Sale Of $500 Million

Green Car Reports

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.

DOE issues Request for Information on financing strategies for light-duty H2 fueling infrastructure

Green Car Congress

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.

PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

Green Car Congress

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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Tesla Delivery Goal Fell Due To Slower Model X Production Ramp: Sources

Green Car Reports

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.

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Obama's Bolt EV Visit, Elio Finances, Tesla Lawsuit, Fuel-Cell Roundup: The Week In Reverse

Green Car Reports

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

Big Coal Doomed: Not By Climate Rules But Fracking & Finance

Green Car Reports

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

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Nesscap completes US$1M convertible note financing

Green Car Congress

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.

Changing lanes: How has automotive advertising evolved?

Green Cars News

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.

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Enerkem raises C$59M in latest financing round; Valero Energy joins, Waste Management increases investment

Green Car Congress

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.

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 billion (post money valuation on a fully diluted basis) since the last financing in January 2010.

Aqueous hybrid-ion battery company Aquion completes $55M financing round

Green Car Congress

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.,

Virtual reality: Will 2017 be the end of the road for traditional car sales?

Green Cars News

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.

Buy 15

Technology Credit Union announces financing relationship with Tesla Motors

Green Car Congress

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.

Why millennials will continue to fall in love with leasing in 2017

Green Cars News

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.

2016 13

Tesla May Lose Money Building Electric Cars, Or It May Not

Green Car Reports

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.

Autumn Statement: fuel duty scrapped and more road investment

Green Cars News

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 31

Payback On Plug-Ins: Finance Commentator Misses The Point

Green Car Reports

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

Tesla Had A Deal To Sell Itself To Google Til Musk Walked Away

Green Car Reports

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.

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Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

Green Car Congress

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 Buyers More Likely To Pay Cash For New Vehicles: Report

Green Car Reports

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?

Plug 19

BASF invests $30M in supercritical hydrolysis company Renmatix, leading $50M financing round

Green Car Congress

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.)

VanDyne SuperTurbo raises $8M in Series C equity financing

Green Car Congress

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.,

NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

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.,

Mascoma and Valero establish JV for commercial-scale hardwood cellulosic ethanol facility; Valero providing majority of financing

Green Car Congress

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.

Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Green Car Congress

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 ”.

GE commits to electric vehicles

Green Cars News

Tags: Electric cars Green cars Latest news electric vehicles GE GE Finance General Electric Jeffrey Immelt

Waste-plastic-to-crude company Agilyx obtains $25M Series C financing

Green Car Congress

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.).

Gevo closes $25.9M financing with Whitebox Advisors

Green Car Congress

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.

UQM Technologies closes $5.3M financing

Green Car Congress

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.

Ford and Sollers form new JV in Russia; letter of intent for $1.4B in long term financing

Green Car Congress

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.

Electric bus maker Proterra completes $55M strategic financing

Green Car Congress

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.