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Iveco Group acquires full control of Nikola Iveco Europe

Green Car Congress

Iveco Group N.V. Iveco Group N.V. Iveco Group is licensed to access freely and continue developing vehicle control software for the jointly developed battery-electric (BEV) and fuel-cell-electric (FCEV) trucks.

Europe 395
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Volkswagen Group, Siemens invests $450M in Electrify America

Green Car Congress

The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

America 397
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Ashok Leyland signs MoU with South Indian Bank for dealer financing | Autocar Professional

Baua Electric

Ashok Leyland, the flagship company of the Hinduja Group has signed an MoU (Memorandum of Understanding) with South Indian Bank for financing dealers under the Bank’s dealer finance program. Under this partnership, the Bank will provide competitive dealer finance options to the dealers of Ashok Leyland Limited.

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Groupe Renault working on ~20 blockchain projects

Green Car Congress

Groupe Renault has identified some 20 projects to deploy blockchain technology. For Groupe Renault, blockchain has to be used as a collaborative, multi-company digital tool within the automotive sector, thereby becoming a source of increased productivity and collective intelligence. Some of these will be deployed soon.

Financing 476
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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. This financing solution was developed for Lucid to make it easier for customers to finance electric vehicles.

Financing 118
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Bank of America introduces residential EV charger financing

Teslarati

BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. I’d love to hear from you!

Financing 144
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Workhorse secures $200M in financing from institutional lenders

Green Car Congress

Workhorse Group Inc., 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. Senior Secured Convertible Notes due 2024 to two institutional lenders.

Financing 186