Search Results Found For: "Lion electric"

Customcells raises 60 million euros for development of electric aviation

German battery maker Customcells has closed a Series A financing round for 60 million euros with investors that include VC World Fund, Abacon Capital, Vsquared Ventures and Porsche. The company plans to use the funds to expand activities in the electrification of air traffic, intensify R&D and further internationalize operations. Customcells, a spin-off of research… Read more »

Vietnamese EV manufacturer VinFast secures $135 million for electric public bus fleet 

The Asian Development Bank (ADB) has arranged a $135-million financing package for EV manufacturer VinFast. The funds will support the company’s efforts to establish an electric public transport bus fleet and a national charging network in Vietnam. Established in 2017, VinFast is a subsidiary of Vingroup, Vietnam’s largest private enterprise, and some boosters have predicted… Read more »

Monarch Tractor secures $3-million grant to demonstrate V2X tech for electric farm equipment

Monarch Tractor and its partners in the Farm Electrification Consortium, which also includes Gridtractor, Rhombus Energy Solutions, Current Ways and Polaris Energy Services, have received a $3-million grant from the California Energy Commission (CEC) for the electrification of agricultural equipment and the development of battery capability in farm equipment to keep critical electrical loads running… Read more »

Ampaire receives $9-million ARPA-E grant to develop hybrid-electric aircraft systems

Ampaire, a manufacturer of electrified aircraft, has received a $9-million grant from the DOE’s Advanced Research Projects Agency-Energy (ARPA-E) SCALEUP program, which it will use for the development of FAA-certified hybrid subsystems. The company is currently using a converted hybrid Cessna 337 Skymaster aircraft—dubbed the ARPA-E Bird—as a  test bed for the development of subsystems… Read more »

Florida awards VW settlement funding: $68 million for electric transit buses, $57 million for school buses

The Florida Department of Environmental Protection has awarded $68 million in grants for the purchase of 227 electric transit buses in 13 counties. The funds came from Florida’s $166-million share of Volkswagen’s $15-billion federal settlement for the Dirty Diesel Debacle. The electric buses will replace existing diesel buses in Alachua, Broward, Duval, Escambia, Hillsborough, Leon,… Read more »

Orange EV Raises $35 million to scale electric trucking solutions

Orange EV may not be well-known to the general public, but it has outlasted a lot of early entrants to the commercial EV space, and is now in its 10th year of operations. The company has 450 terminal trucks in use by more than 130 fleets across 28 US states, Canada and the Caribbean. Yard… Read more »

Colorado provides $65 million for electric school bus grants

Governor Jared Polis of Colorado has signed SB 193 into law, providing $65 million for an electric school bus grant program. The state will award funding to school districts to help finance, purchase and maintain electric school buses, and to install charging infrastructure. New federal funding for electric school buses is available from the EPA’s… Read more »

Infinitum Electric raises $80 million in funding for its air-core PCB-based motors

Infinitum Electric, creator of an innovative air-core motor, has secured $80 million in a Series D funding round led by Riverstone Holdings, bringing the company’s total funding to $135 million. Infinitum will use the new funds to scale up production—it plans to vertically integrate and automate production of its motors for the commercial and industrial… Read more »

EPA announces $500 million in funding for electric school buses

The EPA has announced $500 million in new funding for school districts and other eligible bus operators to begin replacing the nation’s fleet of school buses with American-made zero-emission buses. This 500 big ones represents the first round of funding from the $5-billion investment authorized by the Bipartisan Infrastructure Law. Portions of the rebates can… Read more »

Flux Marine raises $15 million in Series A funding, will manufacture electric outboards in US

Flux Marine, a developer of electric outboard motors and battery systems for watercraft, has raised $15.5 million in an oversubscribed Series A funding round led by Ocean Zero. The company will use the new funding to expand manufacturing, recruit additional talent, and continue to develop its technologies.  Flux Marine says its outboard motors “reflect years… Read more »