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How To Finance a Used Car in the UK

Clean Fleet Report

Used-car buyers can now find nearly as many offers and choices as those looking for a new one, thanks to the huge popularity of car financing. Just remember to run a car history check before financing the vehicle to ensure it’s worth the money. Dealer Finance for Used Cars.

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QPM’s TECH Project debt financing process advancing well

Innovation News Network

Queensland Pacific Metals Ltd is making great progress with its debt financing initiatives for its northern Australian-based TECH Project. The post QPM’s TECH Project debt financing process advancing well appeared first on Innovation News Network.

Financing 103
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ClearFlame Engine Technologies secures $17M in Series A financing

Green Car Congress

ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors. The financing was led by Breakthrough Energy Ventures with participation from Mercuria, John Deere and Clean Energy Ventures.

Financing 262
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Gevo closes $68M Green Bond to finance RNG project

Green Car Congress

has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. million in reimbursement for development, long lead equipment, and financing costs incurred during the development period upon closing of the Green Bond Offering. Gevo, Inc.

Financing 273
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Nissan launches sustainable finance framework to fund electric vehicle and sustainable technologies

Green Car Congress

Nissan Motor is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. Proceeds from the Nissan Sustainable Finance Framework will also be used to support projects in Nissan’s use of renewable energy, clean manufacturing systems, EV re-charging infrastructure, battery re-use, and autonomous-drive technologies.

Financing 183
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ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
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Fisker completes $50M financing; Huhnke named CTO

Green Car Congress

recently completed a $50-million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. Cowen acted as the company’s sole advisor and placement agent on the financing. Fisker Inc. Bacon. The proceeds will be used to support the next phase of engineering work on the Fisker Ocean all-electric luxury SUV, due for launch in 2022. Fisker also named Burkhard Huhnke as chief technology officer (CTO) of Fisker Inc.

2020 174
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Fisker creates “Fisker Finance” with JPMorgan Chase and Santander

Teslarati

Fisker has announced that through its mobile app, customers will soon be able to finance their vehicle via a partnership with JPMorgan Chase Bank in the US or Santander Bank in Europe. In addition to finance, the app will also be updated to allow customers to make other purchases.

Fisker 113
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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Porsche dominates the luxury car finance industry in the neighbouring eastern European countries of Hungary, Ukraine and Romania. Forza – Car Finance Map of Europe Infogram.

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Faraday Future secures $135 million in financing commitments

Electric Cars Report

Faraday Future, a California-based electric vehicle startup, announced a series of definitive agreements for financing, as well as an important modification to a major provision in the terms of the warrants in the original FF secured financing agreements.

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Study of premium car buyers finds large majority see driving EV within 5 years; financing most popular option

Green Car Congress

There was also a strong interest in financing options: Of the respondents interested in electric cars, 66% of the German and 65% of the American study participants stated that they would purchase the vehicle via a financial product (financing, leasing or car subscription). The most popular financing option in all markets is financing (GER: 48%; US: 60%, CN: 58%). Digital offers for car financing options are gaining in importance.

Financing 174
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Chevy offers 0% financing on used Bolt EV and Volt

Green Car Reports

General Motors is offering 0% APR financing for 72 months on used Chevrolet Bolt EV electric cars and Chevy Volt plug-in hybrids, reports CarsDirect, which cited a bulletin sent to dealerships last week. If you're considering a used electric car, now might be a good time to spring into action.

Financing 150
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French Government finance €114m for McPhy Gigafactory project

Innovation News Network

The post French Government finance €114m for McPhy Gigafactory project appeared first on Innovation News Network. The French Government will provide €114m in funding to McPhy Energy to ramp up the development of its Gigafactory project.

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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

Green Car Congress

IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing.

Financing 212
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Workhorse secures $200M in financing from institutional lenders

Green Car Congress

million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. With this financing in place, we can more quickly advance our production efforts heading into 2021 by increasing our supply chain component volumes, hiring more manufacturing employees and automating certain sub-assembly processes. Workhorse Group Inc.,

2020 174
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Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

Green Car Congress

Universal Hydrogen closed a $62-million new funding round; the oversubscribed round was completed less than six months after the company’s Series A ( earlier post ), bringing total raised to $85 million.

Financing 329
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Zero Motorcycles Closes New $107 Million Round of Financing

Electric Cars Report

Electric motorcycle manufacturer Zero Motorcycles announced the completion of a new $107 million round of financing. The financing saw participation from strategic partners Polaris, Exor and Hero MotoCorp and financial investors including long-time backer Invus and other undisclosed investors.

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Faraday Future news suggests financing may be coming soon

Electrek

The post Faraday Future news suggests financing may be coming soon appeared first on Electrek. Faraday Future is no stranger to financial struggles. After a series of unfortunate events, the EV start-up is pushing back the release of its production model, the FF 91.

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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”.

2020 212
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Lucid Motors launches Lucid Financial Services with Bank of America for lease and loan financing

Electrek

Today Lucid Motors announced a new digital financing platform called Lucid Financial Services to provide lease and loan purchase options to Air EV customers in the United States. The financing options are provided through a strategic relationship between Lucid Group and Bank of America.

Financing 106
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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. The potential positive environmental and social influence of projects described in Ford’s sustainable financing framework earned an “advanced” rating—the highest possible—from Vigeo Eiris.

Financing 163
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BYD partners with local bank to provide auto financing in Brazil

CN EV Post

The post BYD partners with local bank to provide auto financing in Brazil appeared first on CnEVPost. BYD, which officially entered the Brazilian passenger car market last December, expects to have a presence in 45 cities in the country by the end of this year.

Financing 100
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Einride secures half a billion in additional financing to support its autonomous freight EVs

Electrek

Autonomous and EV freight technology company Einride announced its future has been hardened by $500 million in financing. The post Einride secures half a billion in additional financing to support its autonomous freight EVs appeared first on Electrek.

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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs.

Financing 227
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Tesla implements subtle interest rate hike for financed vehicles

Teslarati

Tesla’s list prices for its vehicles have not experienced a notable rise recently, but the EV maker has initiated a more subtle price increase for its financed vehicles nonetheless. As could be seen in Tesla’s online payment calculator, the featured financing rate is now 3.74% APR, a 0.5%

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Tesla launches new financing option for Solar Roof with lower monthly payments

Electrek

Tesla has launched a new financing option for its Solar Roof with lower monthly payments as the company tries to make the product more affordable. more… The post Tesla launches new financing option for Solar Roof with lower monthly payments appeared first on Electrek.

Financing 114
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Chinese auto chip maker SemiDrive closes $140 million Series B+ financing

CN EV Post

The post Chinese auto chip maker SemiDrive closes $140 million Series B+ financing appeared first on CnEVPost. SemiDrive currently has four series of products with an annual output of one million chips.

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Einride Raises $500 Million To Finance Autonomous Truck Business

InsideEVs

The money will help Einride develop an autonomous electric freight mobility ecosystem and expand to new markets and clients

Financing 107
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SunPower launches in-house financing for US homeowners who want rooftop solar

Electrek

California-headquartered SunPower (Nasdaq:SPWR) announced today that it’s launched SunPower Financial, which means that customers working with SunPower to buy rooftop solar and storage no longer need a third-party lender to obtain and manage financing.

Financing 113
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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.

2015 232
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5 automotive options you possibly can simply skip if purchasing on a finances

Baua Electric

However finances constraints can usually maintain you out of your dream automotive. The post 5 automotive options you possibly can simply skip if purchasing on a finances appeared first on Bauaelectric Auto News.

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Chase bank launches EV education website to help customers find and finance a new vehicle

Electrek

The post Chase bank launches EV education website to help customers find and finance a new vehicle appeared first on Electrek. We might have to start looking over our shoulder (but not really), because Chase has launched a new website to educate the masses about EVs.

Financing 108
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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.

2014 204
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Jidu said to be seeking $400 million in financing at valuation of about $3.5 billion

CN EV Post

The financing would be the latest round for Jidu since late January and could mark the introduction of additional backers besides Baidu and Geely, a Bloomberg report said. The post Jidu said to be seeking $400 million in financing at valuation of about $3.5

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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.

Financing 195
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IM Motors closes Series A financing as cumulative deliveries reach 1,051

CN EV Post

This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44). The post IM Motors closes Series A financing as cumulative deliveries reach 1,051 appeared first on CnEVPost.

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Elon Musk’s new financing efforts on hold amid Twitter deal uncertainties: report

Teslarati

Elon Musk’s efforts to secure new financing that will limit his cash contribution for his planned acquisition of social media platform Twitter has reportedly been put on hold.

Financing 111
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Sunwoda's EV battery unit reportedly closes $1.18 billion in new financing

CN EV Post

The latest financing brings Sunwoda EVB's valuation to about RMB 30 billion and takes it one step closer to a spin-off IPO. billion in new financing appeared first on CnEVPost.

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Avatr closes Series A financing, NIO's stake diluted to less than 1%

CN EV Post

Avatr Technology, previously known as Changan NIO, closed a new round of financing, increasing Changan's stake and decreasing both CATL's and NIO's shareholdings. The post Avatr closes Series A financing, NIO's stake diluted to less than 1% appeared first on CnEVPost.

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Saleen launches shady financing effort and teases modified Tesla vehicles again

Electrek

Saleen Automotive has launched a new shady financing effort to bring the company back from the dead, and the legendary car tuner is dangling modified Tesla vehicles in the process again.

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Group14 closes $18M in financing to scale-up silicon-carbon composite anode material

Green Car Congress

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners.

2019 227
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Lucid Group teams up with Bank of America for lender and financing services

Teslarati

Lucid Group ( NASDAQ: LCID ) has announced that it has selected Bank of America as its preferred lending partner, giving customers the opportunity to apply for financing services for a seamless and stress-free experience.

Financing 110
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Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. for electric vehicle financing appeared first on Promoting Eco Friendly Travel. Terra Motors partners Pooja Finelease Ltd.