Since its 2010 launch, the Chevy Volt has driven more than half a billion all-electric miles, according to the latest figures from GM. The company made a study of 300 California Volt drivers for over 30 months, and found that many are exceeding the EPA-rated electric range of 35 miles. About 15 percent of the… Read more »
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Lumina aims to raise $20-40 million in Series A funding for electric construction equipment
US-based Lumina, a company specializing in electric construction equipment, is aiming to raise between $20 million and $40 million in its Series A financing round, according to Axios. Lumina was founded in 2021 by entrepreneur Ahmed Shubber and aims to release a 32-ton autonomous and electric bulldozer prototype, the Moonlander. The prototype is similar to… Read more »
California awards $500 million in funding for 1,000 electric school buses
The State of California has awarded $500 million for educational agencies to buy electric school buses and chargers. The Zero-Emissions School Bus and Infrastructure (ZESBI) project has selected 133 educational agencies to receive 1,000 school buses and related charging infrastructure. The grants are expected to be finalized by the end of the year. The incentive program… Read more »
Electra announces $9 billion in preorders for new EL9 Ultra Short hybrid electric aircraft
Electra Aero, a maker of hybrid electric short takeoff and landing aircraft, says it has received some 2,200 preorders, worth about $9 billion for its new EL9 Ultra Short hybrid electric aircraft. The aircraft manufacturer’s mission statement reads that the company was founded to “provide affordable air travel without airports, emissions or noise.” The Ultra… Read more »
NYSERDA awards $2.9 million for shared electric transportation projects in New York
The New York State Energy Research and Development Authority (NYSERDA) has awarded $2.9 million to 29 community-led projects to enhance planning for shared electric transportation solutions in New York, through the state’s $32-million Clean Mobility Program. Each of the awarded project teams will receive $100,000 to conduct feasibility studies on local transportation options including shared… Read more »
Industrial electric robot startup Ati Motors raises $20 million in Series B funding
Ati Motors, a Bangalore, India-based artificial intelligence (AI) and autonomous robotics company, recently raised $20 million in a Series B funding round. The round was led by Walden Catalyst Ventures and NGP Capital and included participation from numerous current investors including True Ventures. The company will use the new funding to boost product development and… Read more »
Global electric off-highway equipment market projected to reach over $53 billion by 2032
The value of the global electric off-highway equipment market is expected to surpass $53.8 billion by 2032, according to a new report published by Research and Markets. The research company’s report, entitled “Electric Off-Highway Equipment Market Forecast 2024-2032,” valued the market at $13.2 billion for calendar year 2023, and forecast that it will increase to… Read more »
Mining firm Fortescue orders $400 million worth of electric mining equipment from China’s XCMG
Australian mining company Fortescue has placed a $400-million order with Chinese heavy equipment maker XCMG (Xuzhou Construction Machinery Group). The sale, which includes over 100 pieces of electric equipment, is the largest single export deal in XCMG’s history. The massive contract includes a wide range of battery-electric heavy equipment, including electric wheel loaders, dozers, semi-trucks… Read more »
Toyota invests $500 million in electric air taxi company Joby
Toyota Motor will invest an additional $500 million in Joby Aviation, a producer of electric vertical landing and takeoff (eVTOL) aircraft. The investment is intended to support certification and commercial production of Joby’s new electric air taxis, which the two companies view as “the future of air travel.” Toyota views the investment as a continuation… Read more »
Unipart joins £11-million power electronics and electric motor initiative
Unipart Manufacturing is participating in Project PULSE (Power electronics Upscale for Localization and Sustainable Electrification), an £11-million ($14.5-million) initiative funded by the UK government through the Advanced Propulsion Centre (APC). The project, led by Protean Electric, brings together five industrial partners and two leading universities—Coventry University and Warwick Manufacturing Group (WMG) —to industrialize the assembly… Read more »
