Tag: investment

Jun 29, 2022 - 01:17 pm

Northvolt confirms plans for IPO in next two years

The Swedish battery wunderkind Northvolt has confirmed plans to go public within the next two years. The battery cell company backed by Volkswagen or BMW was “well-positioned” for an initial public offering, Chairman Carl-Erik Lagercrantz said in an interview.

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Jun 13, 2022 - 02:17 pm

CATL looking to gain billions by floating new shares

China’s battery giant CATL is looking to collect billions on the stock market. According to Bloomberg News, the company has kicked off a private placement that could raise about 45 billion yuan ($6.7Bn; €6.4Bn). The fresh capital is to finance expansion and R&D.

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Jun 10, 2022 - 01:52 pm

ION Storage announces $30Mn funding round

US solid-state lithium-ion battery developer ION Storage Systems has announced the initial closing of its $30m series A fund-raising round. The company welcomed investments from Toyota Ventures, Tenaska, Bangchak Corporation and others.

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Jun 9, 2022 - 02:12 pm

Siemens buys into wireless charging tech by WiTricity

Siemens has acquired a minority stake in wireless charging specialist WiTricity for 25 million dollars (€23.3Mn). The companies will work together to drive the adoption of open, interoperable standards, while Siemens also becomes Witricity’s licensee.

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Jun 3, 2022 - 02:02 pm

EIT InnoEnergy invests in Pure Battery Technologies

Pure Battery Technologies (PBT), an Australian specialist in cathode materials for use in electric car batteries, has received an investment from WIT InnoEnergy. The money will be used to finance the establishment of industrial mass production in Germany.

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Jun 1, 2022 - 12:25 pm

Porsche invests more in Rimac

Porsche has participated in another financing round of the Croatian electric car manufacturer Rimac. Porsche is investing a double-digit million euro sum in Rimac as part of the 500 million euro Series D round.

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May 31, 2022 - 01:35 pm

Manz invests in Customcells Tübingen

Manz has acquired a 40 per cent stake in Customcells Tübingen GmbH. One focus of the cooperation between the engineering company and the battery cell manufacturer is the development of production capacities for lithium-ion battery cells for customers in the aviation sector.

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May 24, 2022 - 01:18 pm

Polestar becomes StoreDot shareholder

Swedish electric car manufacturer Polestar has become a shareholder in Israeli battery developer StoreDot. In addition to the financial investment, both companies want to explore the use of StoreDot’s fast-charging silicon-dominated batteries for future Polestar vehicles.

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May 23, 2022 - 04:10 pm

Daimler Truck to buy 10 per cent stake in Manz

Daimler Truck will take a stake of around ten per cent in the German engineering company Manz as part of a capital increase. Both companies are also planning a pilot line for the production of battery cells and battery assembly at the Daimler Truck site in Mannheim.

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May 12, 2022 - 12:53 pm

Rivian broadens quarterly loss year-by-year

The US electric car start-up Rivian has presented its business figures for the first quarter of 2022. The net loss in the first three months of the year was 1.59 billion US dollars, compared to 414 million US dollars in the same quarter of the previous year. Compared to Q4 2021, however, the loss fell.

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May 3, 2022 - 02:09 pm

Hyundai cuts close ties with Rimac

Hyundai Motor is ending projects with Rimac Group after the Croatian automaker deepened its ties to Porsche, insiders told automotive media. It remains to be seen what will happen to Hyundai-Kia’s stake in the Rimac Group, especially since the move already affects joint projects.

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Apr 26, 2022 - 03:20 pm

Twaice closes $30 million financing round

The battery analytics company Twaice has secured additional Series B funding of 30 million US dollars from investor Coatue and existing investors. The Munich-based company plans to use the money to further develop its platform and open new locations.

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Apr 25, 2022 - 12:50 pm

Renault rumoured to sell off their stake in Nissan

Renault is rumoured to be considering a partial sale of its roughly 43 per cent stake in Nissan as part of the possible spin-off and IPO of its electric car business. What impact this would have on the alliance and the joint electric platforms is an open question.

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Apr 24, 2022 - 02:37 pm

Investindustrial renews Rimac investment

Croatia’s EV powerhouse Rimac has received another 120 million euros from Investindustrial. The Italian investment fund first took a stake in Rimac in 2021. The renewed investment could be about more than “just” profit since Investindustrial also holds a stake in British sports carmaker Morgan.

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Apr 11, 2022 - 02:20 pm

X Shore closes $50 million financing round

The Swedish electric boat manufacturer X Shore has raised 50 million US dollars in its new financing round. Among the new investors is Peter Carlsson, founder and CEO of the Swedish battery manufacturer Northvolt.

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Apr 6, 2022 - 02:03 pm

Hydro & Altor buy stake in Elkem subsidiary Vianode

The Norwegian metal producer Elkem has announced external investors for its battery materials subsidiary Vianode, which was founded last year. Norwegian aluminium producer Hydro and investor Altor will each take a 30 per cent stake in Vianode.

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Mar 29, 2022 - 01:06 pm

Tesla gears up for stock split

Tesla has confirmed that it is planning another stock split. According to the electric car manufacturer, it will ask its shareholders for approval for this at the next annual general meeting.

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Feb 23, 2022 - 04:15 pm

GreenWay collects €85 million from investors

The charging infrastructure provider GreenWay, which has so far been active primarily in Poland and Slovakia, has secured investments totalling 85 million euros. The money is to be used, among other things, for the further expansion of GreenWay’s charging station network.

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Feb 14, 2022 - 12:32 pm

Soros invests in Rivian Automotive

Soros Fund Management, the investment fund of billionaire George Soros, acquired nearly 20 million shares in electric car start-up Rivian in the fourth quarter of 2021, securities documents show.

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Jan 28, 2022 - 05:24 pm

ABB invests in InCharge Energy

Swiss technology group ABB has acquired a majority stake in US company InCharge Energy. ABB had held a ten per cent stake in InCharge Energy since 2020 and is now increasing its share to 60 per cent. The acquisition is intended to strengthen ABB’s e-mobility division in the North American market.

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Found on electrive.com
https://www.electrive.com/2022/06/29/northvolt-confirms-plans-for-ipo-by-2024/
29.06.2022 13:47