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‘Gamechanger’ Leasing.com secures win at Car Finance Awards
Green Cars News
JUNE 21, 2019
New car marketplace Leasing.com has won the Gamechanger award at the 4th annual Car Finance Awards
Financing Related Topics 
Is leasing the car finance option that consumers really want?
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.
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Brightmark Energy closes $260M in financing for first US commercial-scale waste-plastics-to-fuel plant; ULSD and naphtha
Green Car Congress
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.
Does Faraday have a Future? Latest financing disrupted—again
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
Mercom Capital: VC funding for battery storage companies up 139% YoY in 1H 2019 to $1.4B; led by Northvolt financing
Green Car Congress
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
Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy
Green Car Congress
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.,
Electric bus maker Proterra completes $55M strategic financing
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.
Gevo closes $25.9M financing with Whitebox Advisors
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.
UQM Technologies closes $5.3M 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.
Waste-to-biofuels company Enerkem raises C$280M, its largest financing round
Green Car Congress
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.,
Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners
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.
Nesscap completes US$1M convertible note financing
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.
Coulomb secures $47.5M Series D financing
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.
Mitsubishi lines up finance deals for electric model
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 [.].
Consumer car finance goes from strength to strength
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.
FLA reports further growth for new car finance sector
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.
Technology Credit Union announces financing relationship with Tesla Motors
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.
2015 Nissan Leaf: Discounts, Deals On Leases, Financing Increase
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
Park City Transit deploying six Proterra electric buses; battery-lease financing model
Green Car Congress
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).
PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART
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.
Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally
Green Car Congress
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.
Report: Major changes needed to transport financing
Green Cars News
AUGUST 23, 2010
If the transport sector is to cope with the rapid growth in motor vehicle traffic and the related environmental and health issues then major changes are needed to how transport is financed. Tags: Green cars Green credentials Latest news climate change credit agencies Electric cars Low carbon transport sustainable transport transport financing Transport Research Laboratory
Zero Motorcycles Announces Consumer Financing
All Cars Electric
NOVEMBER 7, 2009
I received the following in an email from Zero Motorcycles: "We are excited to announce that consumer financing is now available for all of our motorcycles. This means that you can purchase a Zero S or DS for as low as $290 a month after your deposit or one of our off-road motorcycles for even less. Unlike a typical loan, you can also
Ultracapacitor manufacturer Skeleton Technologies raises €3.9M (US$5.2 M) in Round A financing
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
2015 hydrogen student design contest: hydrogen fueling station business and financing models
Green Car Congress
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.
SG Biofuels completes $17M Series B financing
Green Car Congress
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.
GE Capital to provide financing for electric motorcycle maker Brammo
Green Car Congress
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.
“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems
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.
LanzaTech secures $15M debt financing from Western Technology Investment
Green Car Congress
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.
Biomass-to-sugar company Comet Biorefining completes new round of equity financing
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.
Algenol closes on additional $25M internal equity financing
Green Car Congress
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.
Better Place closes $200M Series C financing; valuation now $2.25B
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.
Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing
Green Car Congress
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.
Westinghouse files for Chapter 11 protection in US and secures $800M in DIP financing to fund operations
Green Car Congress
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.
NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility
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.,
SG Biofuels Completes $9.4M Series A Financing
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.,
ClearEdge Power completes $73.5M Series E financing round
Green Car Congress
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
Renewable fuels and biochar company Cool Planet closes on $100M Series D financing
Green Car Congress
MARCH 31, 2014
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing.
Global Bioenergies picks up new €1.4M financing for isobutene program; targeting Germany expansion
Green Car Congress
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.
Supplies may be less of a problem for lithium than financing, report
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
DOE issues Request for Information on financing strategies for light-duty H2 fueling infrastructure
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.
VanDyne SuperTurbo raises $8M in Series C equity financing
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.,
Global Bioenergies obtains €4.4M loan to complete financing of demo plant, begins construction
Green Car Congress
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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