California-based student transportation services company Zūm has completed a $140-million Series E funding round led by Singapore-based global investment firm GIC. UK-headquartered decarbonization investor Climate Investment and existing investors including Sequoia and SoftBank Vision Fund 2 also participated. This latest round brings Zūm’s total funding to $350 million. The new funding will be used to… Read more »
Search Results Found For: "Lion electric"
Lincoln Electric launches Velion DC Fast Charger
Welding technology multinational Lincoln Electric has introduced its Velion DC Fast Charger for EVs. The Level 3 charger has been designed with industrial-grade components, provides output power of up to 150 kW, and has a charging efficiency of 95%, according to the company. The charger is manufactured with more than 75% domestic component content, according… Read more »
New York State opens applications for $100 million in funding for electric school buses
New York State is now taking applications for grant funding for electric school buses under the $4.2-billion Clean Water, Clean Air, and Green Jobs Environmental Bond Act of 2022. $100 million will be disbursed in this first tranche of a total $500 million authorized by the Bond Act. New York’s 2022 State of the State… Read more »
Electric Era raises $11.5 million to scale production of its EV fast charging stations for convenience stores
Electric Era, the manufacturer of PowerNode EV fast charging stations, has raised $11.5 million in a Series A financing round led by HSBC Asset Management. Other participants include SQM Lithium Ventures, Blackhorn Ventures and Proeza Ventures. The new funding brings the company’s total funding to $19 million. Electric Era will use the new funding to… Read more »
New York State allocates $12 million to advance EV adoption and electric grid integration
New York Governor Kathy Hochul has announced a $12-million initiative to support development and demonstration of innovative solutions that advance the adoption of EVs and their integration with the electric grid, as well as novel demonstrations of medium- and heavy-duty electric and hydrogen fuel cell technologies. The initiative is designed to help meet the state’s… Read more »
Senator Schumer takes Revel’s millionth electric ride in NYC
New York-based Revel leverages the synergies between urban public charging and ridesharing. The company operates two public EV fast charging Superhubs, and plans to add at least 130 more plugs by the end of 2023. The company launched its electric rideshare service in 2021, and currently has a fleet of about 300 EVs, including Tesla… Read more »
Iowa schools score $11 million in federal funding for electric school buses
In a first round of funding, the federal Clean School Bus Program has awarded 15 Iowa school districts $11.5 million to replace 32 existing school buses with electric models. The program provides $5 billion over the next five years to replace existing school buses with clean ones. “The Clean School Bus Program saves Iowa school… Read more »
Scania and Northvolt say their new battery can power electric trucks for 1.5 million km
Swedish commercial vehicle manufacturer Scania and Swedish battery manufacturer Northvolt have unveiled a jointly developed lithium-ion battery cell for heavy EVs, which they say is capable of powering trucks for 1.5 million kilometers. The specifications of the prismatic cell include a 157 Ah capacity and a nominal voltage of 3.6 V. Produced with fossil-free electricity… Read more »
itselectric raises $2.2 million in funding for its behind-the-meter curbside EV chargers
Brooklyn-based startup itselectric has raised $2.2 million in a pre-seed funding round led by Brooklyn Bridge Ventures. The company will use the new funding to focus on the deployment of pilot programs in major cities across the US in 2023. itselectric aims to address the Plight of the Drivewayless—millions of drivers park their cars on… Read more »
DOE and DOT award $7 million for electric truck charging, hydrogen projects
The DOE has awarded $7.4 million to seven projects to develop medium- and heavy-duty EV charging and hydrogen infrastructure plans across 23 states. The seven projects receiving the money span the country, and address the drayage, regional haul and long-haul sectors. “A clean transportation sector requires vast investments across the entire industry, including to decarbonize… Read more »