Search Results Found For: "Lion electric"

St Petersburg, Florida’s PSTA receives $18 million federal grant for electric buses

The DOT’s Federal Transit Administration (FTA) has awarded $409.3 million in grants to 70 projects in 39 states to modernize and electrify America’s bus systems. One of these grants will go to the Pinellas Suncoast Transit Authority, which serves Charged’s home city of St Petersburg, Florida. The PSTA grant is for $18,399,000, the second-largest amount… Read more »

GM to invest $7 billion in Michigan plants, mostly for battery cells and electric trucks

GM has announced new investment of more than $7 billion in four Michigan manufacturing sites, calling it “the single largest investment announcement in GM history.” Most of the new investment, which is expected to create 4,000 new jobs, is aimed at increasing battery cell and electric truck manufacturing capacity. Projects include the construction of a… Read more »

Allison Transmission to invest $42 million in Jing-Jin Electric’s IPO

Allison Transmission will participate in the initial public offering of electric motor, inverter and propulsion system supplier Jing-Jin Electric (JJE), making a strategic investment of approximately $42 million. FAW Group will also participate as a strategic investor in the IPO. Allison’s investment in JJE follows a recently announced strategic partnership between the two companies, and… Read more »

Ford to invest £230 million to equip Halewood, UK facility to build electric power units

Ford plans to transform its Halewood vehicle transmission facility in the UK, in order to build electric power units—complete all-electric powertrains—for future EVs for the European market. The company will invest up to £230 million at Halewood (including support from the UK government). Production of the e-powertrains is expected to begin in mid-2024, and initial… Read more »

Road test indicates existing electric trucks could replace millions of diesels on short-haul routes

When it comes to long-haul trucking, battery-electric trucks face a number of challenges, including weight restrictions and the need for an ultra-high-power charging solution. However, despite what you may read in those “anything but EVs” articles, the jury’s still out on when, or whether, battery and charging specs will improve to meet these challenges, or… Read more »

Heart Aerospace secures $35 million for electric planes, purchase order from United Airlines

Gothenburg, Sweden-based Heart Aerospace has raised $35 million in a Series A financing round led by Breakthrough Energy Ventures, United Airlines Ventures and Mesa Air Group. Heart Aerospace’s first aircraft will be the ES-19, a battery-electric 19-passenger regional airplane. Heart expects to begin deliveries for commercial use by 2026. The first-generation aircraft will have a… Read more »

Atlanta receives $5.4-million federal grant to buy electric commuter coaches

The Atlanta-Region Transit Link Authority (ATL) has secured a $5.4-million grant from the Federal Transit Administration’s Low-No Program to purchase electric buses. “We have secured this funding because electrification of Georgia’s public bus fleet is an economic and environmental imperative,” said US Senator Jon Ossoff (D-GA). “These new buses will reduce air pollution and increase… Read more »

Bipartisan infrastructure deal includes $15 billion in EV charging and electric bus funding

After weeks of back-and-forth on the infrastructure bill, President Joe Biden announced, “We have a deal,” standing with a group of Republicans and Democrats after a meeting in the Oval Office. “I think it’s really important we’ve all agreed that none of us got all that we wanted.” EV advocates certainly aren’t going to get… Read more »

Infinitum Electric raises $40 million to scale ultra-high-efficiency motors

Infinitum Electric, creator of the air-core motor, has secured $40 million in Series C funding to scale production of its ultra-high-efficiency, lightweight motors. The investment will be used to expand production of the company’s IEs Series motors for commercial and industrial applications, and to complete development of its IEm Series EV motors. Infinitum says its… Read more »

Fleet solution provider Highland Electric Transportation raises $253 million in new funding

Highland Electric Transportation, a provider of turnkey fleet solutions to school districts and fleet managers, has raised $253 million in a financing round led by Vision Ridge Partners. Highland provides its fleet customers with a full-service solution—it owns and maintains the vehicles under an all-inclusive transportation-as-a-service model. The Massachusetts-based company owns and operates EVs manufactured… Read more »