Dutch charge point operator Park’ n Charge announces financing of €16.4 mn through Rabobank. The company wants to spend the money on doubling its network of six thousand charging stations in the Netherlands in the next two years.
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Through its investment arm, BMW i Ventures, BMW has led a $13 million financing round for Ampeco. The Bulgarian company offers a platform to manage EV chargers and operations at scale and will use the capital to drive its expansion.
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Pelican Bus and Coach, the sole UK and Ireland importer and distributor for electric bus manufacturer Yutong, has secured £60m funding from HSBC UK. Pelican says the money will help them supply up to 250 new e-buses to operators and confirmed first contracts.
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Danish charging platform Monta has reportedly closed a €15 million Series A funding round. The Copenhagen-based startup plans to use the fresh capital to expand into new markets and double its headcount.
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Bolt Technology, easily tagged as Estonia’s answer to Uber, has completed its largest funding round to date. Investors poured 628 million euros into the company, which had received another €600Mn in financing only last year. Bolt’s e-scooter hire is but one part of the growing business.
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The Chinese battery cell manufacturer SVOLT has announced the conclusion of a B-financing round of 10.28 billion yuan (about 1.33 billion euros). In addition to the development of new technologies, this will primarily be used to finance the establishment and expansion of production capacities.
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The UK-based truck manufacturer Tevva Motors closed a $12.5 million financing round which was oversubscribed. They will use the funds to continue the development and rollout of the mid to large-size range-extended electric trucks.
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California’s electric car startup Faraday Future plans to build a plant in China with an initial annual production capacity of over 100,000 vehicles. Industry insiders say that Faraday Future is negotiating with Geely about contract manufacturing.
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The South Korean battery cell manufacturer SK Innovation plans to issue a $1 billion green bond to finance the expansion of its production capacity in the US which amounts to around 810 million euros.
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The sharing provider Emmy has raised a low double-digit million amount in a Series C financing round. The investment from Munich-based private equity firm Bonventure and other backers will be used to purchase 1,500 new electric scooters.
Read moreDutch consultancy EVBoosters releases its funding report for global e-mobility investments in Q1/2020. While they saw the market slowing down as the first lockdowns set in, companies kept making deals in some unusual fields in particular.
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Nio is moving on from crisis as the EV start-up secures fresh capital from banks in China. The company had signed credit lines with six domestic banks for a total of 10.4 billion yuan (around 1.3 billion euros) just days ago.
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The Chinese electric vehicle maker Nio raised substantial doubt in its ability to continue its business due to on-going financial difficulties that have been exacerbated by the coronavirus. The reduced EV subsidies in China also played a part.
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The hydrogen ferry Water Go Round currently under construction in the US has found new funding for setting up an entire fleet. SW/TCH Maritime, an investment platform for all kinds of electric maritime vessels is now on board.
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According to a new analysis, Bloomberg New Energy Finance (BNEF) has estimated that the market for lithium-ion batteries will drop prices by 52% before 2030, and that by 2040, the market will grow to 942 GW/2,857 GWh, requiring investments of around $620 billion.
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The funds of Faraday Future are ultimately depleted and the EV startup “efficiently insolvent” founder Nick Sampson declared in an email to employees. Himself and senior product VP Peter Savagian have left the company and most workers have been sent on unpaid holiday.
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Unu has been around for a few years but can still be considered a start-up. Based in Berlin, the three boys just finished another round of financing, this time collecting 10 million euros from mostly existent investors.
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The plans for the stock exchange entry by Chinese battery cell manufacturer Contemporary Amperex Technology (CATL) are becoming more pronounced: The company starts accepting subscriptions from potential investors on Wednesday.
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The German battery manufacturer Sonnen has finished a new round of financing with a 60 million euro boost and Shell as a new investor.
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The UK is installing a battery supported HPC charging network for electrified vehicles. The company Pivot Power and the National Grid are planning to connect 45 battery storage units with critical infrastructure junctions as part of a 1.6 billion pound project.
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