article thumbnail

Electreon to supply Israel’s 4th largest bus operator with wireless charging infrastructure; simultaneous charging of 30 buses

Green Car Congress

Electreon, a provider of wireless and in-road electric vehicle (EV) charging technology, signed an agreement of cooperation with Israel public transportation company Electra Afikim. Electra Afikim is the fourth-largest bus operator in Israel with roughly 1,400 buses. This is the second commercial deal signed by Electreon in Israel.

Charging 355
article thumbnail

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

Financing 252
article thumbnail

Karamba Security raises $10M in new funding; round led by VinFast

Green Car Congress

Israel-based Karamba Security , a leading developer of endpoint protection for connected devices, has secured $10 million in new funding in an extension to its B Round financing.

article thumbnail

Toyota Research Institute launches Toyota AI Ventures with $100M investment

Green Car Congress

Toyota Research Institute (TRI) is investing an initial $100 million to launch Toyota AI Ventures , a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI participated in Nauto’s $12M Series A financing in August 2016.

Toyota 170
article thumbnail

GE and Better Place Partner to Accelerate EV Infrastructure Deployment; Integrating GE WattStation with Better Place Services

Green Car Congress

GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness. GE’s WattStation.

article thumbnail

Wireless EV charging roads piloted in the U.S., Europe

Teslarati

Israel-based company Electreon is one such company piloting wireless roads, as detailed in a report from CNBC on Monday. The Swedish government helped finance the vast majority of the $10.5-million million project, which Electreon calls a “pre-commercial demonstration project” of the electrified road concept. In the U.S.,

Europe 92
article thumbnail

Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

Do you support the target to make 30 per cent of the light vehicle fleet zero-emissions vehicles by 2035, and the associated actions? . The New Zealand light vehicle fleet, including light commercial vans and trucks, makes up 80 per cent of our transport emissions. . There are 3.5 million passenger vehicles in New Zealand.