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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

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Toyota Motor Europe strengthens strategic alliance with CaetanoBus and Finlog in fuel cell bus business

Green Car Congress

Toyota Caetano Portugal (TCAP), the joint venture of Toyota Motor Europe (TME) and Salvador Caetano, strengthened its strategic alliance with CaetanoBus and Finlog by becoming the direct shareholder of the two Portuguese companies. The ordered H2.City

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Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. 4Standard $37,495 208 miles $7,500 Check incentives Volkswagen ID.4Pro 4Pro $42,495 255 miles $7,500 Check incentives Volkswagen ID.4Standard But there’s a better way to finance your Volkswagen ID.4.

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Electric Vehicle Spotlight: Financing a Ford F-150 Lightning

EV Life

We’ll also take a look at the best way to save money when financing your Lightning purchase through an EV Climate Loan with EV Life. Standard batteries have an EPA-estimated range of 240 miles and 452 horsepower, while the optional extended-range battery will increase the range to 320 miles and bump the power up to 580 horsepower.

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EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

Green Car Congress

The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. In April 2019, Rivian announced that Ford Motor Company invested $500 million and that the companies would collaborate on a future program. The financing was led by funds and accounts advised by T.

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Firefly & Hyundai Motor America create pilot program to offer rideshare fleets & drivers new vehicles with bonus income up to $3,600/year

Green Car Congress

With opportunities for drivers to earn additional income upon purchasing a new vehicle by having Firefly’s smart display screen technology integrated onto and inside each vehicle, Hyundai Drive by Firefly could help cover monthly car lease/financing costs for qualified drivers and fleets for the duration of the program.

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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Both come with a 200-hp electric motor, provide an EPA-estimated 247 miles in range, and are available in front-wheel drive only. The EUV is available in two different trims, the LT and Premier.