Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing. Terra Motors a leading electric vehicles manufacturer in India has partnered with Pooja Finelease Ltd. India’s leading non-banking finance company for electric vehicle financing.

Senate Finance Committee Approves $12,500 EV Tax Credit Bill

The Truth About Cars

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. It’s good news for General Motors, which recently begged the government for just […].

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Chevy offers 0% financing on used Bolt EV and Volt

Green Car Reports

General Motors is offering 0% APR financing for 72 months on used Chevrolet Bolt EV electric cars and Chevy Volt plug-in hybrids, reports CarsDirect, which cited a bulletin sent to dealerships last week.

Technology Credit Union announces financing relationship with Tesla Motors

Green Car Congress

Tech CU (Technology Credit Union) is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles, offering up to 100% financing with a competitive annual percentage rate (APR). Tesla is also a Tech CU Member Company; Tech CU provides Tesla employees with resources that include personal and business banking, commercial lending and comprehensive wealth management services that include investing and financial planning.

2014 204

McMaster switched reluctance motor spinout Enedym closes $15M funding round

Green Car Congress

Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., The new investment will be used to accelerate Enedym’s patented motor development technology and increase its footprint within the electric motor market. Electric (Battery) Motors

Motor 260

Proton Motor Fuel Cell and Aumann AG expand partnership to series production of hydrogen fuel cells

Green Car Congress

Since 2017, Proton Motor Fuel Cell GmbH has been working with Aumann AG as part of the larger EU program “ Fit-4-AMandA ” (Fit for Automatic Manufacturing and Assembly) on hydrogen fuel cell stack production with financing from the agency FCH JU (Fuel Cells and Hydrogen Joint Undertaking).

XPeng enters into cooperation agreement for new smart EV manufacturing base in Guangzhou; $586M in financing

Green Car Congress

Chinese EV contender XPeng announced that its wholly owned subsidiary in China, Guangdong Xiaopeng Motors Technology Co., According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.

2020 161

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

Green Car Congress

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. The EchoDrive conversion system comprises a 30 kW traction motor; modular Li-ion battery pack built with 2.2 Echo Automotive, Inc.,

Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

Changes in how transport is financed are essential if cities and nations are to deal effectively with the rapid growth in motor vehicle traffic and related environmental and health problems, including climate change, according to a new report by the Transport Research Laboratory released at Fifth Regional EST Forum in Asia by the Institute for Transportation and Development Policy (ITDP) and the Partnership for Sustainable Low Carbon Transport.

DOE not proceeding with ATVM loan for Carbon Motors; company exploring strategic and financing alternatives

Green Car Congress

Carbon Motors Corporation, developer of a diesel-engined law enforcement vehicle ( earlier post ), announced that the US Department of Energy (DOE) has indicated that it will not proceed with Carbon’s $310 million application for a direct loan under the Advanced Technology Vehicle Manufacturing (ATVM) program. The company says it is now actively examining its strategic and financing alternatives in support of its goal.

2012 200

Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Pinnacle Engines’ Asian Advisory Board members are: Phil Murtaugh: An experienced Asian automotive leader, Phil joins the Advisory Board after spending 33 years at General Motors, culminating in his position as Chairman and CEO of GM China Group.

2014 240

Tesla Motors Announces New Stock Sale Of $500 Million

Green Car Reports

It had to come, and it did: Tesla Motors is selling more stock to bolster its cash position as it prepares to launch its second high-volume electric car. Finance Elon Musk Tesla Motors plug-in cars Stock MarketThe California company announced this morning it would offer $500 million in new common stock And, the company noted, CEO Elon Musk "intends to purchase $20 million of common stock in this.

2015 128

Further help confirmed for car finance consumers still facing coronavirus difficulties

Green Cars News

The Financial Conduct Authority (FCA) has confirmed support will continue for motor finance consumers facing payment difficulties due to coronavirus (Covid-19), including a ban on repossessions until 31 October 2020

2020 65

American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). These funds will help ensure that ASMC has the cash necessary to operate its business during the pendency of the chapter 11 case. Earlier post.)

2012 191

Tesla tweaks financing product with best resale value guarantee and lower monthly payments

Green Car Congress

In response to critiques of the first version of its financing program introduced early in April ( earlier post ), Tesla Motors has raised the Model S resale value guarantee to be the highest of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). Buying a Model S through the Tesla financing offering now comes with a guarantee that the resale value will be higher than that of BMW, Audi, Mercedes, Lexus or Jaguar.

2013 191

Coskata Inc. completes first close of Series D financing round

Green Car Congress

a developer of technology for the production of advanced biofuels and biochemicals from biomass and waste materials, announced a first close of its Series D round of financing. The major investors from previous rounds participated, including The Blackstone Group, Khosla Ventures, Total Energy Ventures International (part of Total, one of the world’s major Oil and Gas groups), ATV, Globespan Capital Partners, General Motors, Arancia, and Sumitomo. Coskata Inc.,

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). The $1.6-billion transaction provides Lordstown Motors with $675 million of gross proceeds. In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory.

2020 260

PEUGEOT charges ahead with revised pricing and finance offers for PEUGEOT e-2008 and e-208

Drive EV

Both the PEUGEOT e-208 and e-2008 are powered by a 50kWh battery and a 136hp electric motor. The post PEUGEOT charges ahead with revised pricing and finance offers for PEUGEOT e-2008 and e-208 appeared first on driveEV.

Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

Green Car Congress

million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Daniel Hancock, retired vice president, global powertrain engineering, who spent more than four decades at General Motors Co. Achates Power, Inc., the developer of a family of two-stroke compression-ignition opposed-piston engines ( earlier post ), has finalized $35.2

2013 204

Tesla introduces financing product for Model S customers; lease-sale hybrid

Green Car Congress

Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).

2013 185

Hyundai Motor partners with regional firms to establish H2 fuel cell commercial vehicle ecosystem in China

Green Car Congress

Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai Motor signed an MOU with Shanghai Electric Power Co.,

2020 299

EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

Green Car Congress

The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. It is also important to support RDI (Research, Development and Innovation) projects with tailor-made financial products as under the EIB/European Commission’s Risk Sharing Finance Facility ”. Leroy Somer – the electric motor.

Infinitum Electric closes $1.8M Series A to bring new electric motor technology to market; increasing R&D for EV applications

Green Car Congress

Infinitum Electric , developer of ultra high-efficiency, durable, lightweight and cost-effective electric motors built with patented printed circuit board (PCB) stator technology and integrated control systems, has closed a $1.8-million Series A round of financing, led by Cottonwood Technology Fund (CTF). million in funding, and plans to leverage the new financing to launch an HVAC-specific, fully-integrated motor. Electric (Battery) Motors

2019 221

Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Green Car Congress

Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021.

2020 311

Hyundai Motor Group deepens partnership with Grab to accelerate EV adoption in Southeast Asia

Green Car Congress

Hyundai Motor Group and Grab Holdings Inc. The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety. Hyundai Motor Group has expanded its presence in Southeast Asia to foster new mobility innovation.

Asia 179

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.

2020 209

SolarCity and Honda establish investment find to finance $65M in solar projects for Honda and Acura customers

Green Car Congress

SolarCity and American Honda Motor Co., The partnership establishes an investment fund to finance $65 million in solar projects to assist Honda and Acura customers with the initial cost of solar power installation. are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power.

2013 191

200 Years Ago, Faraday Invented the Electric Motor

Cars That Think

After Faraday [left] failed to acknowledge his mentor, Humphry Davy [right], in an 1821 paper on the electric motor, Davy accused him of plagiarism. Soon, people were snatching up pocket-size motors as novelty gifts. In 1820, the Danish physicist.

Davis 114

Tesla has become a U.S. Big Three carmaker (by market value)

Green Car Reports

Tesla Motors has spent more than 10 years beating the odds for startup automakers. Finance General Motors Tesla Motors plug-in cars Stock Market Fiat Chrysler Automobiles (FCA Most new, independent makers barely survive long enough to produce a handful of vehicles, let alone sell more than 100,000 and garner praise from both customers and the media—as the electric-car startup has done. Now the Silicon Valley automaker can claim.

2017 99

Rivian introduces two quad-motor, AWD “Electric Adventure Vehicles”

Green Car Congress

The Rivian vehicles feature up to 400+ miles in electric range, a wading depth of 1 meter, lockable storage bins that can fit the bulkiest of gear, and the performance and precise control of quad-motor AWD. Rivian’s vehicles also feature a quad-motor system that delivers 147 kW with precise torque control to each wheel, enabling active torque vectoring and maximum performance in every situation, from high-speed cornering to low-speed rock crawling.

2018 248

Report: Major changes needed to transport financing

Green Cars News

If the transport sector is to cope with the rapid growth in motor vehicle traffic and the related environmental and health issues then major changes are needed to how transport is financed. Tags: Green cars Green credentials Latest news climate change credit agencies Electric cars Low carbon transport sustainable transport transport financing Transport Research Laboratory

Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Green Car Congress

million in new financing. Surging global demand for electric vehicles (EVs) and other motorized devices has highlighted global dependency on the unsustainably-produced rare earth materials currently required for the magnets needed in electric drivetrains and motors.

Tesla May Lose Money Building Electric Cars, Or It May Not

Green Car Reports

One of the most contentious points in coverage of electric-car maker Tesla Motors is its financial performance. Green Elon Musk Finance Loss Profit Tesla Motors plug-in carsOn the one side, analysts and naysayers note that the company continues to lose money. CEO Elon Musk himself has admitted that the company won't turn a profit using Generally Accepted Accounting Principles (GAAP) until 2020 or later.

2015 127

Tesla Delivery Goal Fell Due To Slower Model X Production Ramp: Sources

Green Car Reports

The quarterly financial results issued by electric-car maker Tesla Motors, plus the ensuing conference call with CEO Elon Musk, are eagerly followed by fans and analysts alike. Green Elon Musk Finance Tesla Model X Tesla Motors plug-in carsSome of its most scrutinized numbers are the Model S production and delivery numbers, and the projections for how many cars the company will deliver for the rest of the.

2015 128

Elio Motors launches crowdfunding investment opportunity

Green Car Congress

Elio Motors, the developer of the three-wheeler Elio, has launched a crowd-funding initiative as the next phase in its fundraising strategy. Individuals interested in learning more about the Elio Motors investment opportunity can go to StartEngine.com , the crowd-funding website launched today by business incubator Start Engine. Elio Motors is one of seven companies utilizing StartEngine.com. Elio Motors expects to sell the anticipated 84 mpg vehicle for $6,800.

2015 192

Obama's Bolt EV Visit, Elio Finances, Tesla Lawsuit, Fuel-Cell Roundup: The Week In Reverse

Green Car Reports

And, why did Tesla Motors sue a German supplier that worked on the development of its Model X? Who grinned--and who grimaced--while looking over the Chevy Bolt EV 200-mile electric car? This is our look back at the Week In Reverse--right here at Green Car Reports--for the week ending on Friday, January 22, 2016. Friday, we noted that the future of. The Week In Reverse

2016 95

BMW Group to build future MINI E vehicles in China with Great Wall Motor

Green Car Congress

The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand.

2019 232

Tesla Had A Deal To Sell Itself To Google Til Musk Walked Away

Green Car Reports

Like any startup company, Tesla Motors has had crises where the electric-car maker came very close to financial collapse. Finance Elon Musk Tesla Motors Merger Google plug-in cars One was in 2008, when its Roadster model was late in delivery and its two-speed transmission proved unable to handle the car''s power. But a second crisis developed in late 2012 and early 2013, when sales of its Model S electric.

Google 125

Ford and Sollers form new JV in Russia; letter of intent for $1.4B in long term financing

Green Car Congress

Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia. Ford and Sollers also signed a Letter of Intent with Vnesheconombank (VEB), the Russian development bank, for long-term financing for Ford Sollers of 39 billion Russian roubles, or approximately $1.4 The new business, named Ford Sollers, is scheduled to start operations later this year.

2011 179

Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Green Car Congress

A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”.

Lucid Motors adds former Waymo Treasurer as CFO as company prepares to go public

Teslarati

Lucid Motors has announced that it has appointed former Waymo Treasurer and Head of Investor Relations Sherry House as its Chief Financial Officer ahead of the automaker’s decision to become a publicly-traded company. Sherry House: Lucid Motors’ new Chief Executive Officer.

Chinese EV company Xpeng Motors raises US$400M in Series C; Xiaomi strategic investor

Green Car Congress

China-based Xpeng Motors has closed a US$400-million Series C capital funding from a group of strategic and institutional investors. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. Xiaomi’s experience and insight in consumer behavior, technology knowhow and market trends can add tremendous value to what Xpeng Motors is set to achieve.

2019 179

US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

Green Car Congress

While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers. General Motors and Chrysler have already agreed to participate in the program, and will have fully operational purchase programs established shortly.

2009 150