Commercial EV-builder Motiv Power Systems has secured $20 million in financing from investment firm Crescent Cove Advisors, and expects to raise additional funding at the close of the Series C funding round now in progress. Motiv plans to use the new capital to scale operational and manufacturing capabilities to meet growing demand. Motiv’s EPIC product… Read more »
Cities in Europe and elsewhere are being forced to come up with some innovative public charging solutions. Faced with the task of providing charging to residents who do not have assigned parking spaces, they need chargers that can be installed in large numbers throughout city centers, without consuming valuable space on already-crowded streets and sidewalks…. Read more »
Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, has secured $17 million in a Series B funding round led by SK materials, a manufacturer of special gases and industrial gases. Group14 will leverage this operating capital to scale production to meet the increasing demand for its flagship product, SCC55, which it… Read more »
Energy management specialist EnergyHub has partnered with charger manufacturer Enel X to expand the availability of smart charging stations as a flexible distributed energy resource (DER) for utilities. Utilities will now be able to manage customer-owned Enel X smart charging stations through EnergyHub’s Mercury DERMS platform. Enel X has over 60,000 consumer charging stations deployed… Read more »
German auto giant Daimler has announced a new plan to invest €70 billion ($85 billion) in “research and development and in property, plant and equipment” between 2021 and 2025, the lion’s share of which will be used “to accelerate the transformation towards electrification and digitization.” Most of this investment will be at Mercedes-Benz Cars, but… Read more »
Proterra is best known as an electric transit bus OEM, but it has branched out into providing electric powertrain solutions to other vehicle manufacturers and turnkey charging and energy management solutions to fleets. The company has long been considered a likely candidate for a public share offering, and now it has announced that it will… Read more »
Irish charging operator EasyGo, which boasts a network of 1,200 charge points and 7,000 customers, has formed a partnership with telecom company Eir to replace 180 telephone kiosks around Ireland with Tritium DC fast chargers. EasyGo Director Gerry Cash said the idea of transforming phone boxes came about because of their locations around the country…. Read more »
Over the past few months, GM has gotten a lot more serious about electrification, unveiling a new EV platform, plans for more investment and more electrified models, and most recently, a new EV-centric marketing campaign. However, some have been pointing out the gap between the automaker’s high-wattage future plans and its flickering present (only one… Read more »
FREYR and 24M have signed an agreement to use 24M’s SemiSolid lithium-ion battery platform technology in FREYR’s planned facilities in Norway. FREYR is targeting a production capacity of over 40 GWh of scalable, modular battery cells via partnership-based strategies in both grid and electric mobility markets. “24M has fundamentally redesigned the traditional LIB cell technology… Read more »
Rideshare vehicles are widely believed to have larger carbon footprints than personal vehicles, so electrifying them seems likely to deliver greater emissions reductions than electrifying personal passenger cars. The Rocky Mountain Institute (RMI), in collaboration with General Motors, recently released an insight brief that explains why the electrification of transportation network companies (TNCs) such as… Read more »
