article thumbnail

ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
article thumbnail

NIO launches Battery as a Service (BaaS) in China; battery swap system

Green Car Congress

With the battery price not included in the vehicle sales price, nor in the finance payments, the costs are significantly lower to switch to an EV. and Guotai Junan International Holdings Ltd., Users who have not subscribed to NIO’s Worry-Free Service Plan need to pay a battery guarantee fee of RMB 80 (US$12) per month.

China 508
article thumbnail

WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

Green Car Congress

This financing round comes on the heels of continued WiTricity business momentum. WiTricity has declared more than 200 patents as “standards-essential” to systems implementing these standards. —Mitsumasa Icho, Executive Vice President, Group CEO, Urban Development Group, Mitsubishi Corporation.

article thumbnail

Westport Launches First Global Carbon Finance Program for Transportation Registered to the Voluntary Carbon Standard

Green Car Congress

The Westport Carbon Project (WCP) is in the process of being registered with the Voluntary Carbon Market Standard (VCS) and will be the first VCS transport project and one of the largest voluntary carbon market projects worldwide. Grütter Consulting is a leading advisory firm on carbon finance and transport with activities worldwide.

Financing 199
article thumbnail

Polestar secures USD 950 million external funding

Electric Cars Report

The Swedish electric performance car brand Polestar has secured USD 950 million in external funding from 12 leading international banks including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC and SPDB, in the form of a three-year loan facility.

article thumbnail

Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

Green Car Congress

The report uses the global standard developed by the International Union for the Conservation of Nature (IUCN) for nature-based solutions. —“State of Finance for Nature”. The report calls for coupling investments in restoration action with financing conservation measures. A total investment of $8.1

Financing 296
article thumbnail

Workhorse receives purchase order from Pride Group Enterprises for 6,320 C-Series electric delivery vehicles

Green Car Congress

Inventory financing is being provided by Hitachi Capital America (HCA) as part of Workhorse’s previously announced strategic partnership with HCA. Inventory financing for that deal is also being provided by Hitachi Capital America. Initial delivery of the vehicles may begin by July 2021 and will run through 2026. 75 MPH (Limited).

Purchase 243