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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

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a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.

Financing 259
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BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

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In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming.

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GE Capital to provide financing for electric motorcycle maker Brammo

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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.

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Electrovaya completes C$5M financing; new Office of Chairman

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completed a financing for C$5 million (US$4.96 note in the aggregate principal amount of C$5 million and 500,000 common share purchase warrants. Each share purchase warrant is convertible into one common share of the corporation. Each share purchase warrant is convertible into one common share of the corporation.

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Global Bioenergies receives 13 LOIs for purchases covering the capacity of its renewable isobutene and derivatives plant

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Global Bioenergies has received 13 letters of intent from French and international industrial leaders for purchases totaling 49,000 to 64,000 tons of isobutene and derivatives annually. The investment bank Vulcain is assisting IBN-One in putting together the financing package and identifying financial partners for the project.

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Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

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million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). The second step models the proportion of consumers within the addressable market that might actually purchase such a vehicle. —Glen Walker, lead transportation analyst at Bloomberg New Energy Finance.

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Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

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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.

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