Lunaz financed for new HQ and plant
British electric ‘restomodding’ startup Lunaz has closed a new funding round that brings the overall value of the company to $200 million. The company also unveiled a new ‘upcycled’ rubbish truck retrofitted with electric motors and batteries.
German incentives, EV charging infrastructure, retrofitting.
Reading tip I: Germany has a dilemma. It will never manage to get the promised one million EVs on the road by 2020 and Bloomberg takes a look at why that is. Conclusion: Even if the country decides to implement incentives, prices remain too high, chargers too few, and the German auto industry too petrol-driven.
Video tip II: The Wall Street Journal takes its readers (or viewers) on a tour of the Geneva Motor Show, looking at different EV options for home and on the road. Style is definitely a selling point.
Reading tip II: Many dream of combining their passion of vintage and electric cars. Jim Steil from Calgary, Canada, can help. He says he will convert anything with a motor and uses to Tesla batteries to do so.
Events for the upcoming week: Geneva Motor Show (until March 13; Geneva, Switzerland) ++ Bosch ConnectedWorld (March 9-10; Berlin, Germany) ++ FIA Formula E, Round 5 (March 12; Mexico City)
You can find a complete list of upcoming industry events at electrive.com/calendar