Tag: investment

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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Oct 23, 2018 - 03:32 pm

Faraday Future cuts cost trying to stay alive

The crisis at Faraday Future continues after their fight with investor Evergrande Health remains unresolved. With funds running low, FF now had to lay off workers and cut the salaries of those who remain by 20 percent. This includes executives.

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Aug 26, 2018 - 06:59 pm

Tesla to remain listed on stock exchange

Tesla will not be taken private, says Tesla CEO Elon Musk who had planned to privatise the company. Rather than removing it from the stock market, it will now remain listed. Powerful investors had managed to change the mind of the Tesla CEO.

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Aug 20, 2018 - 12:51 pm

Saudi Arabia may invest in Tesla rival Lucid Motors

PIF, the sovereign wealth fund of Saudi Arabia, who Elon Musk had banked on to help him taking Tesla private, is thinking to invest in Lucid Motors. The electric car startup is holding talks with PIF over a $1BN investment, Reuters quotes sources close to the matter.

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Jun 14, 2018 - 03:32 pm

Elon Musk purchases another 72,500 Tesla stocks

Elon Musk has deepened his financial participation in Tesla. After Musk purchased 33,000 stocks in May, worth around 10 million dollars, he purchased another 72,500 stocks worth 25 million dollars on the 12 and 13 of June, according to the SEC.

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Jun 11, 2018 - 12:37 pm

Byton secures investment from CATL, closes with $500M

Electric car startup Byton has closed its latest round of financing. It collected half a billion dollars from investors, the latest being CATL that joins the likes of China’s FAW. Byton, led by former BMWi manager Breitfeld, is about to present their second concept EV.

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Jun 4, 2018 - 01:41 pm

BYD and Daimler increase spending on Denza

China’s BYD and Daimler will put more money behind their joint electric vehicle venture Denza in China as they increase their investment. Both will add another 400 million RMB, (about 53M euros) in order to build on production and service.

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May 9, 2018 - 12:07 pm

Tesla changes credit conditions for capital increase

Tesla has made some major changes to their banking credit in order to be able to invest more capital. Hence Musk has offered up the Fremont factory as collateral as Tesla’s existing 1.8BN dollar credit only has another 543M dollars left to use.

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Mar 20, 2018 - 05:32 pm

Wales invests 2 million pounds to extend charging network

The Welsh government has announced their plan to invest 2 million pounds into the expansion of a charging network for electric vehicles in their borders. Currently there are 439 public charging ports available in Wales to service the approximately 2,500 BEVs and PHEVs.

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Found on electrive.com
https://www.electrive.com/2019/07/02/ola-electric-mobility-becomes-indias-newest-unicorn/
02.07.2019 23:50