Remove Financing Remove France Remove Industrial Remove International
article thumbnail

XL to launch plug-in hybrid electric Ford F-250 pickup at NTEA Work Truck Show

Green Car Congress

XL also has added two new members to its executive team, with deep experience in the commercial fleet industry, and with leadership backgrounds across finance, sales, business development and operational excellence. Most recently, Anna served as COO of Xamax Industries, a leading specialty materials provider.

Plug-in 291
article thumbnail

ZeroAvia secures additional $24.3M to launch development of 2MW hydrogen-electric powertrain for regional aircraft

Green Car Congress

Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. She previously served on the Board of Governors for the International Air Transport Association (IATA) and was a Non-Executive Director for the airline retailer Datalex.

Hydrogen 376
article thumbnail

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. In the United States, refining capacity has decreased by about 1.1

Global 448
article thumbnail

EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

Green Car Congress

The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. The role of each of the partners is the following: Valeo – the drive-train electronics and thermal. Earlier post.)

Financing 150
article thumbnail

Finnish electric powertrain company Visedo raises €20M to support global expansion; SRPM technology

Green Car Congress

Visedo, a Finnish manufacturer specializing in electric powertrains and components, has secured a financing package of €20 million (US$21 million) to support its international growth plans. The financing consists of an equity investment of €13.5 million, an EFSI loan of €5 million and €1.5 million in funding from other sources.

Companies 150
article thumbnail

BorgWarner to acquire Sevcon in $200M deal

Green Car Congress

The transaction is not subject to a financing condition. Sevcon’s Bassi Division produces battery chargers for electric vehicles; power management and uninterrupted power source systems for industrial, medical and telecom applications; and electronic instrumentation for battery laboratories.

Italy 150
article thumbnail

Mohammed Turra joins Mahindra First Choice as CEO  | Autocar Professional

Baua Electric

With more than 23 years of consulting and industry experience across India, Middle East, France and the US, Turra has been instrumental in building Quiklyz, the Subscription Business of Mahindra Finance. Before Quiklyz, Turra was Senior Vice President at the Group Strategy Office of Mahindra & Mahindra.

France 40