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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

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a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc., The terms of this note include conversion features at $0.55

Financing 218
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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

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Founded in 2011, Sila Nano is a developer of new battery materials which outperform existing lithium-ion technologies. The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. These materials easily drop into existing Li-ion factories, making it possible to deploy efficiently and at scale.

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Aqua Metals and Yulho form strategic partnership for sustainable lithium battery recycling in S Korea

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Li-ion battery recycling technology company Aqua Metals ( earlier post ) entered into a strategic partnership with Yulho Co., The parties have entered into a securities purchase agreement and expect to close on the investment on or about 4 August 2023. million shares of common stock at a purchase price of $1.10

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

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Canada-based Li-ion battery maker Electrovaya Inc. 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. issued to the lender.

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Li-ion maker Electrovaya plans acquisition of plant with 0.5 GWh capacity

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Total purchase price is a small fraction of the tangible asset value. Financing is planned through debt and grants. Conventional lithium ion manufacturing plants use large quantities of toxic NMP (n-methyl-pyrrolidone), now suspected of causing birth defects and increasing operating costs, capital costs and future liabilities.

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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

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Li-ion maker A123 Systems, Inc. announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). Earlier post.). Earlier post , earlier post.)

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Hydro-Québec grants an exploitation license and partners with Nouveau Monde Graphite to develop materials for Li-ion batteries

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Hydro-Québec (HQ) and Nouveau Monde Graphite (NMG) have signed a license and a research and development agreements respecting the processing of graphite for use in lithium-ion batteries. HQ will assist NMG in its material qualification processes with leading lithium-ion battery manufacturers. NMG’s financing.

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