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Westinghouse files for Chapter 11 protection in US and secures $800M in DIP financing to fund operations

Green Car Congress

Westinghouse has obtained $800 million in debtor-in-possession (DIP) financing from a third-party lender to help fund and protect its core businesses during its reorganization. The Chapter 11 filings took place in the US Bankruptcy Court for the Southern District of New York in New York City.

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AMPLY Power saves up to 40% on energy costs for Tri Delta Transit electric buses

Green Car Congress

This service can also provide debt financing or secure grant funding to reduce capital expenditures and implement resiliency plans as needed. This project illustrates how the AMPLY offering is agnostic to a variety of buses and chargers regardless of manufacturer.

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Uber plans to launch EVs in a market that Tesla is eyeing for its next factory

Teslarati

Uber announced today that it has plans to launch a fleet of 25,000 electric vehicles in India, a country where Tesla could soon end up as years of speculation of the electric automaker building a new production facility there could culminate in the company’s newest location by the end of the year.

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Amtrak invests $2.4B for next-gen Alstom Avelia high-speed trainsets and infrastructure upgrades

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The trainsets will be manufactured at Alstom’s Hornell and Rochester, N.Y., Additionally, parts for the new trainsets will come from more than 350 suppliers in more than 30 states, generating an additional 1,000 jobs across the country. and New York City during peak hours, and hourly service between New York City and Boston.

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New EV20 Alliance Targeting 1M Additional Electric Vehicles on Road by 2015

Green Car Congress

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.

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Zinc-air battery company Eos Energy Storage raises $15M

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Eos Energy Storage, a developer of zinc-air grid-scale battery technology, completed its $15-million Series B financing round with participation from a syndicate of 21 strategic and financial investors. The company is in advanced discussions with several states regarding the location of its pilot manufacturing facilities. Based on the.

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Toyota to establish new North American headquarters in Texas; consolidating from California, Kentucky and New York

Green Car Congress

Toyota is establishing a new headquarters in North Dallas (Plano), Texas for its North American operations. Within the next three years, Toyota’s three separate North American headquarters for manufacturing (Erlanger, KY); sales and marketing (Torrance, CA); and corporate operations (New York, NY) will relocate to a single campus in Plano.

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