Green Car Congress

JULY 6, 2021

The Volkswagen Group’s Porsche and Croatian hyper-EV developer Rimac have agreed to set up a joint venture that incorporates Bugatti—another Volkswagen Group brand that is moving to the control of Porsche. Rimac will hold a 55% share in the Bugatti-Rimac joint venture, while Porsche will have a 45% share.

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Porsche Croatia Financing Electrical 259

Green Car Congress

JUNE 8, 2022

Porsche is expanding its venturing network by collaborating with UP.Labs, a new model for fostering innovative startups. The startups’ focus will revolve around Porsche’s core activities. Porsche is investing a sum in the double-digit millions for this purpose. Porsche then has the option to integrate them into the organization.

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Porsche Los Angeles Building Financing 150

Green Car Congress

SEPTEMBER 7, 2019

Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5%. In June 2018, the Stuttgart-based sports car manufacturer purchased a 10% stake in Rimac. Porsche is now strengthening the established partnership. Porsche has been supporting Rimac and its positive development for a year now.

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Porsche Companies Cars Electrical 255

Green Car Congress

JANUARY 20, 2021

Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing.

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Charging Financing Store Porsche 417

Green Car Congress

APRIL 5, 2023

Group14 has committed to purchase more than $30 million in US steel for the first two BAM-2 modules, buildings and equipment and plans to work with American suppliers to secure necessary components, from asphalt to HVAC systems, to build a more robust domestic energy supply chain.

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Commercial Battery Batteries Porsche 199

Teslarati

OCTOBER 29, 2021

During his address to Parliament earlier this week, Malaysian finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz cited the reduction of pollutants and better air quality as the main indicators of why electric cars are a good idea. Electric vehicle initiative programs have been discussed before now. I’d love to hear from you!

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Malaysia Tax Buy Purchase 145

Baua Electric

MARCH 6, 2024

From Porsche to Mercedes-Benz in the luxury segment and from Maruti to Mahindra and numerous startups, all want a share of this growing market. Back in 2001, Maruti Suzuki was one of the first players in this segment with its True Value channel, enabling trust and breaking stereotypes attached to the purchase of ‘second-hand’ vehicles.

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Industrial Industry Market Auto 52