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 »
Search Results Found For: "Lion electric"
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 »
Ford says all its passenger vehicles in Europe will be electric by 2030, invests $1 billion in Cologne EV plant
A game of one-upmanship seems to be developing between America’s top two legacy automakers, and we’re cheering them on. In January, GM made a weaselly (but still significant) announcement of its “aspiration to eliminate tailpipe emissions from new light-duty vehicles by 2035.” A week later, Ford announced that it would double its planned investments in… Read more »
Brazilian beverage maker orders 1,000 electric trucks, with Octillion batteries and Danfoss Editron drivetrains
Brazilian beverage maker Ambev has ordered 1,000 electric delivery trucks from manufacturer FNM (Fábrica Nacional de Mobilidades). The trucks, which FNM developed in collaboration with vehicle manufacturer Agrale, will use battery packs from California-based Octillion Power Systems and electric drivetrains from Danfoss Editron. Ambev expects to deploy the 1,000 electric delivery vehicles by the end… Read more »
Octillion Power Systems to supply batteries for Lightning and ABC electric buses
Tier 1 battery supplier Octillion Power Systems will provide battery packs for electric motorcoaches and city transit buses offered by ABC Companies and Lightning eMotors. Lightning will provide its electric powertrains, including Octillion’s batteries, to convert popular models including Van Hool T2145e highline touring coaches and TD double-deck coaches. The electric motorcoaches are on sale… Read more »
MAN Truck & Bus starts series production of the all-electric Lion’s City E
MAN Truck & Bus began series production of battery-powered city buses in October at its plant in Starachowice, Poland. The first customer vehicles to come off the line are 12-meter solo versions of the Lion’s City E: 17 of these will be heading for Hamburg-Holstein’s public transit agency. Malmö, Sweden has placed an order for… Read more »
Florida makes $57 million in funding available for electric school buses
The Florida Department of Environmental Protection has announced a Notice of Funding Availability for $57 million for the purchase of electric Type C or Type D school buses to replace comparable diesel buses. The grants are part of Florida’s Beneficiary Mitigation Plan, which also includes EV infrastructure projects. Only school districts within an Air Quality… Read more »
Electric powertrain provider XL Fleet to go public in billion-dollar SPAC deal
XL Fleet has developed a proprietary electrified powertrain platform that transforms fossil fuel-powered fleet vehicles into hybrid and plug-in hybrid vehicles as they are manufactured. XL’s systems are currently available on a variety of Class 2-6 vehicles manufactured by Ford, Chevrolet, GMC and Isuzu, and the company is on track to provide its systems in… Read more »
Electric truck startup Xos raises $20 million in new funding
Commercial EV startup Xos Trucks, formerly known as Thor Trucks, has raised $20 million in new funding from a group of investors including Proeza Ventures and BUILD Capital Group. Xos will use the capital to scale up production of its X-Platform chassis. The company anticipates a surge in demand following CARB’s new zero-emissions mandate for… Read more »
Electric aircraft maker Bye Aerospace closes $10 million in funding
Denver-based Bye Aerospace, developer of the all-electric eFlyer family of FAA Part 23-certified aircraft, has raised $10 million from venture capital investors since the beginning of the year, in two separate rounds. Founder and CEO George E. Bye said the company is using the new funding to begin work on Serial #001, the first production-conforming… Read more »