Tag: investment

Jan 19, 2022 - 12:41 pm

VW to take over 25% of 24M Technologies

Volkswagen and the US battery start-up 24M Technologies have concluded their announced strategic partnership. The German carmaker is taking a stake in 24M and will have access to 24M’s SemiSolid technology for the next generation of its lithium-ion batteries.

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Dec 15, 2021 - 01:00 pm

John Deere takes over majority of Kreisel Electric

The US agricultural machinery manufacturer John Deere has acquired a majority stake in the Austrian eMobility specialist Kreisel Electric. Kreisel will continue to operate under its own name, but John Deere has secured access to the Austrian company’s battery and charging technology.

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Dec 13, 2021 - 02:44 pm

SVOLT raises €833 million in financing round

SVOLT has raised 6 billion yuan in a financing round, the equivalent of around 833 million euros. The battery cell manufacturer plans to invest the fresh capital mainly in the development of new technologies and the construction of new production facilities and R&D centres. This is already the third financing round this year.

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Oct 11, 2021 - 04:40 pm

WM Motor aims to raise $500 million in investment

Chinese electric car start-up WM Motor expects to raise a total of 500 million US dollars from investors in a two-part Series D funding round. WM Motor plans to invest in the development of autonomous driving, as well as other technologies and products, in addition to the expansion of its sales and service channels.

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Aug 12, 2021 - 11:30 am

ADS-TEC to hit the NY stock exchange via SPAC merger

ADS-TEC Energy, a provider of battery buffered fast-charging technology, has announced that it is going public on the US stock exchange. For this purpose, the company from Nürtingen near Stuttgart will merge with the SPAC company European Sustainable Growth Acquisition Corp (EUSG), which is already listed there.

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Jul 28, 2021 - 04:14 pm

Onto raises €148Mn to expand EV subscription service

UK electric car subscription service Onto says it has raised 175 million dollars in a new financing round. Alfvén & Didrikson and Pollen Street Capital led the Series B funding round, with the most prominent investor being TotalEnergies. The investment follows Onto’s significant growth in recent months.

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Jun 23, 2021 - 02:21 pm

BP Ventures invests $7Mn in smart charging firm IoTecha

BP Ventures has invested seven million dollars in smart EV charging firm, IoTecha, leading a $13.2 million investment round (about 11Mn euros). The start-up uses Internet-of-Things (IoT) technology to connect EV chargers with the grid, optimising the charging process and enabling automated payments.

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Jun 17, 2021 - 03:08 pm

Fortum invests in new battery recyling plant in Finland

Fortum will expand its lithium-ion battery recycling capacity by building a new plant in Harjavalta, Finland. The new plant, which will cost Fortum about 24 million euros, will recycle rare metals and other materials from old EV batteries using hydrometallurgy.

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Mar 17, 2021 - 03:04 pm

Volvo Group invests in charging specialist Driivz

Volvo Group has invested in Israeli startup Driivz, a software specialist for charging solutions. The company developed a platform to manage large charging systems for electric vehicles, with Volvo looking into heavy-duty applications.

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Mar 1, 2021 - 02:56 pm

Lime pushes $50Mn to expand e-bikes launches

Lime is investing $50 million in new e-bikes compatible with their incoming fourth scooter generation. The investment primarily aims to expand Lime’s ride-sharing fleets in Europe, with 15 cities poised to receive the e-bikes.

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Apr 26, 2020 - 03:22 pm

FreeWire Technologies completes financing round

FreeWire Technologies announced the successful closing of a $25 million Series B and venture debt financing round. The funding was led by existing investor BP Ventures, together with new investors ABB Technology Ventures and Energy Innovation Capital.

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Feb 19, 2020 - 07:59 am

EV companies raised $17Bn in 2019

Dutch consultancy EVBoosters has released its latest funding report for 2019, with some of the trending developments reported here. Expect number-crunching covering Q4 in e-mobility funding and investment insights.

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Jul 2, 2019 - 11:16 pm

Ola Electric Mobility becomes India’s newest unicorn

Technology group Softbank is investing the equivalent of 250 million US dollars in Ola Electric Mobility (OEM), the vehicle arm of India’s largest ride-hailing firm. This makes Ola Electric a “Unicorn”, which means that it is now valued at more than $1Bn.

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Jun 12, 2019 - 05:52 pm

VW invests for 20% of Northvolt

Volkswagen is investing 900 million euros in the Swedish battery manufacturer Northvolt. Part of the sum is earmarked for a planned joint venture between the two companies, another part goes directly to Northvolt.

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May 13, 2019 - 10:11 pm

Volkswagen Board releases €1Bn for battery cell factory

Volkswagen’s supervisory board has announced the automaker’s entry into battery cell production and is ready to invest one billion euros. Depending on the political circumstance, VW wants to set-up production in Germany at its Salzgitter site in Lower Saxony.

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May 2, 2019 - 11:37 pm

Tesla looking to raise $2 billion in fresh capital

Tesla filed for an offering of common stock and convertible notes and indicated that it would raise to 2 billion dollars. $650 million are to come in the form of new equity and the other $1.35 billion in convertible notes. Also, Elon Musk will acquire $10 million in shares.

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Apr 6, 2019 - 02:28 pm

Irelands invests in fast-charging infrastructure

The Irish Government has announced intentions to build a network of HPC chargers along Irish motorways and national roads. The government has set aside a €20 million pot to fund 50 high power charging hubs across the nation.

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Apr 3, 2019 - 03:09 pm

FirstElement gets funding to boost hydrogen capacities

FirstElement Fuel has managed to secure $24 million in funding in order to boost the expansion of their True Zero Hydrogen Network in California. The move will quadruple the company’s retail hydrogen sale capacities for individual FCEV customers.

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Feb 8, 2019 - 01:33 pm

Volvo searching for Polestar investors

Volvo is currently holding talks with Chinese and US investors to generate additional capital for its Polestar electric car brand. Meanwhile, the subsidiary has announced that the Polestar 2, the brand’s first all-electric model, will be officially presented on February 27.

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Jan 25, 2019 - 05:10 pm

Air Liquide buys 18.6% stake in Hydrogenics

French gas company Air Liquide has purchased a “strategic investment” of 18.6% in the Canadian Hydrogenics Corporation, who develops electrolytic hydrogen production equipment and fuel cells. The $20.5 million investment also includes provisions for a cooperation on PEM electrolysis technology.

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Jan 8, 2019 - 06:23 pm

Larry Ellison becomes second largest Tesla investor

Oracle founder Larry Ellison has acquired a $1 billion stake in Tesla, according to the U.S. Securities and Exchange Commission (SEC), making him the company’s second-largest individual shareholder. Just a few days ago, Tesla announced the appointment of Ellison as an independent director to its board of directors.

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Oct 31, 2018 - 06:38 pm

CATL & Panasonic profits drop due to investments

Competing for the top of the battery value chain comes at a cost as the latest earnings of both CATL and Panasonic show. While China’s cell making powerhouse reports a plus 60% in revenue, their profit fell. Panasonic paints a similar picture and in both cases, investments are weighing heavy – for now.

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Oct 27, 2018 - 02:13 pm

CARB approves $483 million budget for 2018-19

The California Air Resources Board (CARB) has approved a 483 million dollar budget for the 2018 to 2019 fiscal period. The budget will be used to fund clean vehicle rebates, zero emission public transport and logistics and other mobility pilot projects.

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Oct 25, 2018 - 08:29 pm

Volvo invests in rapid charging firm FreeWire

Volvo has invested in FreeWire Technologies, who specialises in mobile rapid charging systems in California. Their charging stations initially use low voltage power, so operators can simply connect them to a standard power outlet.

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Found on electrive.com
https://www.electrive.com/2022/01/19/vw-to-take-over-25-of-24m-technologies/
19.01.2022 12:07