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This could have been due to the companies trying to strengthen their core business and diversify the investment risk given the global economic situation. On the other hand, venture finance deal values also grew from $595.23 Last year, mergers and acquisitions (M&A) deals reached $24.4 million to over $3,001.1 In 2022, more than 111.9
Workhorse Group Inc., a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Marathon, based in New York, NY, is an opportunistic global credit event-driven manager with approximately $15 billion in assets under management.
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Investors in the round included Mitsui Global Investment, VenturEast and a strategic OEM partner along with its existing investors Bessemer Venture Partners, New Enterprise Associates and Infield Capital.
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
delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Groupe Renault has a strong presence across Europe, Russia, Africa and Middle East, while FCA is uniquely positioned in the high margin segments in North America and is a market leader in Latin America.
Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. billion in clean energy financing last year, improving its global standing to fourth, from eighth in 2009. Germany accounted for 45% of global solar investments. Click to enlarge.
The Volkswagen Group will invest a total of €85.6 billion (US$106 billion) in new models, innovative technologies and its global presence in its Automotive Division over the coming five years. This will allow the Volkswagen Group systematically to continue its model rollout with a view to tapping new markets and segments.
Under the new plan, the company aims to boost annual global BEV sales to 1.87 million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. The innovation will be expanded to global plants in the future.
million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 Through structural investments, it supports the growth of innovative companies with a global competitive edge and the potential to accelerate the transition to a green manufacturing economy. recently closed a C$50-million (US$47.6-million)
To promote environmentally-friendly, resource-efficient extraction of lithium, the BMW Group is investing , through its venture capital fund BMW i Ventures, in US startup Lilac Solutions. The BMW investment was part of Lilac’s just-closed US$150-million Series B financing.
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. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.
million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Daniel Hancock, retired vice president, global powertrain engineering, who spent more than four decades at General Motors Co.
Leading banks and the United Nations on Sunday launched the Principles for Responsible Banking , with 130 banks collectively holding US$ 47 trillion in assets—one third of the global banking sector—signed up. The Principles create the accountability that can realize responsibility, and the ambition that can drive action.
ALTe Powertrain Technologies, developer of a range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, has created a Commitment to Action to spur adoption of hybrid electric technology in the worldwide fleet industry as part of the Clinton Global Initiative America (CGI America) meeting.
SIMI), and Alibaba Group Holding Limited announced an agreement under which SoftBank Group (further described below) led a financing round of approximately US$600 million, with participation from existing shareholders Alibaba Group and Tiger Global, to expand and improve KuaiDi Dache’s services in China.
Among other things, we will promote the production of hydrogen on an industrial scale in Australia with German-Australian ‘Hydrogen Hubs’ using German technology and explore possibilities for cooperation within the framework of our new international funding instrument ‘H2-Global’. Co-financing of an AUS-DEU H 2 incubator for applied research.
Ford Motor Company is mapping out a strategy to address the requirements for personal mobility in the context of the megatrend of increasing global urbanization, both in mature economies as well as in emerging markets. Rough map of Ford’s Blueprint for Mobility. Click to enlarge. —David Berdish.
The BMW Group has launched an initiative to protect the deep seas in cooperation with the WWF Germany. WWF’s recent report, “ In Too Deep ,” shows the projected large-scale destruction of the seabed could affect global fisheries and threaten carbon and nutrient cycles in the ocean.
POSCO Group is the first to produce lithium hydroxide for batteries in Argentina throughout the entire process from the acquisition of mining rights to exploration, construction and operation of a production plant. Operation of the lithium plant and financing will be 100% carried out by POSCO Argentina, a subsidiary of POSCO Holdings.
In June, Renault Group and Plug Power launched their hydrogen fuel cell and infrastructure joint venture HYVIA. The joint venture is equally owned by the two partners and is chaired by David Holderbach, with more than 20 years of experience in strategic, product and international sales at the Renault Group. Earlier post.)
As part of a cross-industry initiative, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics have launched a joint cobalt pilot project in the Democratic Republic of the Congo. This fully privately financed project seeks to pilot an approach to address challenges in artisanal mining.
announced that its MEG Group, through its joint venture with iUnicorn, has finalized its first order of EV Taxis for the city of Chengdu. The EV Taxis are supplied by Geely Auto Group and the financing for the vehicles was provided locally by Sichuan Tianfu Bank Co Ltd. Ideanomics Inc. —Alf Poor, CEO of Ideanomics.
billion in 17 deals compared to the $543 million in 30 deals in 1H 2018, according a new report from Mercom Capital Group. 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.
Facilitating a Transition to Zero Emission Vehicles in the Global South ” examines the status of zero-emission vehicle (ZEV) uptake across the world and considers how to accelerate the transition. Despite these developments, the global distribution of ZEVs remains deeply uneven, the report says.
Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and first nine months (9M) of 2020. billion compared to $1.2
We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. Financing alternatives are being evaluated. The trend towards reduced maritime emissions is accelerated by upcoming global emission legislations.
It is rapidly expanding energy use, mainly driven by fossil fuels, that explains why humanity is on the verge of breaching planetary sustainability boundaries through global warming, biodiversity loss, and disturbance of the nitrogen-cycle balance and other measures of the sustainability of the earth’s ecosystem.
Global asset manager The Carlyle Group L.P. JPMorgan Chase has agreed to provide working capital financing for intermediate products owned by the refinery in the form of an asset-backed loan, subject to documentation. and Sunoco, Inc. Earlier post.). The transaction is expected to close in the third quarter of 2012.
China’s Dongfeng Motor Group (DFG) will invest at least €800 (US$1.1 Reinforcing PSA Peugeot Citroën’s competitive positioning in Europe, in particular through accelerating PSA Peugeot Citroën’s development via the financing of a program of strategic investments and strengthening its balance sheet and liquidity. Capital increase.
Volvo Cars successfully placed its second green bond to raise €500 million from a diverse set of global investors. The bond was oversubscribed three-times, despite challenging global market conditions. By mid-decade, it aims for half of its global volume to consist of pure electric cars.
Launched at the Rio+20 summit in Brazil, the Global Initiative for Resource-Efficient Cities is intended to work with local and national governments, the private sector and civil society groups to promote energy efficient buildings, efficient water use, sustainable waste management and other activities.
A new global alliance comprising businesses and government leaders and led by the international NGO, The Climate Group, set an ambitious target to put one million additional EVs on the road by 2015, on top of EVs that automakers are already planning to bring to market.
IFC, a member of the World Bank Group, and the largest global development institution focused exclusively on the private sector, together with the Westly Group, a venture capital firm based in Menlo Park, California, led the financing.
Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider. SSP: The next generation of mechatronics platform.
Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. It is also engaging in global collaboration with Group companies, including Toyota Research Institute - Advanced Development, Inc.
In 2008, a report by UNEP called for the elimination of fossil-fuel subsidies, concluding that such subsidies often lead to increased levels of consumption and waste; place a heavy burden on government finances; can undermine private and public investment in the energy sector; and do not always end up helping the people who need them most.
Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., Verde plans to invest in further infrastructure development, giving H2X Global expanded access to manufacturing and distribution facilities.
The project is being implemented by GIZ and financed by BASF, BMW Group, Google, Samsung Electronics, Samsung SDI and Volkswagen. —Ullrich Gereke, Head of Procurement Strategy at the Volkswagen Group. The Volkswagen Group is constantly pushing for greater responsibility in its raw material supply chains for batteries.
The Renault Group has entered two major partnerships for the production of Li-ion batteries in France. As the battery arm of global green tech company Envision Group, it will invest up to €2 billion to produce latest technology, cost-competitive, low-carbon and safe batteries for electric models, including the future R5.
PSA Group and Dongfeng Motors (DFM) have deepened their strategic partnership with the signing of a new agreement to design an electric version of the Common Modular Platform (CMP), which they have been developing jointly since April 2015. PSA Peugeot Citroën and Dongfeng Group (DFG) entered their strategic partnership in March 2014.
Work on this is to begin immediately under a new group called the Ad Hoc Working Group on the Durban Platform for Enhanced Action. markets all remain in action as effective tools to leverage global climate action and as models to inform. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC.
Chrysler Group LLC has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering of common shares. Chrysler plans to initiate fleet-wide integration of this fuel-saving start/stop technology on a global basis, including certain models in North America.
As previously announced, the partnership provides Uber drivers a discounted package for a Wallbox Pulsar Plus charger, installation and the option to finance the package. This will be rolled out in four key groups, in order to reach nationwide coverage by the end of April 2022. Phoenix, New York and Boston in February.
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