New York-headquartered vehicle financing company Tenet Energy has closed a funding round of more than $30 million. The financing includes more than $10 million in Series A investment, led by venture capital firm Nyca Partners, as well as a $20-million warehouse debt facility provided by Silicon Valley Bank. Other investors participating in the round include… Read more »
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Motiv Power Systems’ new Argo electric truck features a purpose-built EV cab
Motiv Power Systems, a manufacturer of electric trucks and buses, has announced a new electric truck featuring a medium-duty EV cab designed from the ground up. The Argo Series is designed to support all medium-duty applications across Classes 4 to 6—including box trucks, step vans, shuttle buses, refrigerated vehicles, vocational vehicles and other specialties—and is… 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 »
Westwater Resources is building a facility in Alabama to process one of the largest graphite deposits in the US
Q&A with Jon Jacobs of Westwater Resources Everyone in the EV industry is talking about the IRA and the BIL, two sets of federal regulations that include strong incentives for automakers to establish domestic supply chains for EV raw materials and components. Not everyone is happy about the requirements, and there are a number of… Read more »
Legrand’s new residential Level 2 EV charger is designed to be powerful and compact
Legrand, a manufacturer of a broad range of electrical wiring devices for commercial, industrial and residential applications, has announced the launch of its first residential EV charger. “We’re about delivering access to power, wherever and however people need it,” states Scott Bausch, VP and General Manager for Legrand’s wiring device business. “The need for simple,… Read more »
Energy expert: Updated US Hydrogen Strategy is better, but still designed to prop up the fossil fuel industry
Michael Barnard writes on a wide variety of e-mobility and renewable energy topics. In a recent article for CleanTechnica, he discusses the latest edition of the US National Clean Hydrogen Strategy and Roadmap, a policy document that the DOE produces and updates periodically. Barnard’s piece is a detailed and highly technical discussion of a complex… Read more »
Lower-income Colorado residents can get a $6,000 rebate for upgrading to an EV
The higher purchase prices of EVs put them out of reach for lower-income car buyers. The state of Colorado is trying to address this issue with a new program that offers rebates to qualifying residents. The Vehicle Exchange Colorado (VXC) program, which is scheduled to launch in August, is designed to help income-qualified residents replace… Read more »
California’s Green Raiteros use EVs to provide free rides to low-income and elderly residents
The benefits of new technology generally flow downward from the top of the income ladder, and lower-income communities tend to be the most affected by pollution and environmental damage. However, in one California town, low-income residents are breathing a little cleaner air and enjoying the benefits of e-mobility, thanks to a local community group called… Read more »
KPMG and Circulor partner to provide digital battery passport software package
Multinational professional services firm KPMG and UK-based supply chain traceability firm Circulor have announced an alliance to offer a software package known as a digital battery passport, which enables the tracing, monitoring and control of critical raw materials throughout battery value chains, from extraction to beyond a product’s first life. The software, designed for compliance… Read more »
Australia invests in lithium refining to reduce dependence on China
Australia is a lithium mining powerhouse—the country mines about 53 percent of the world’s supply of lithium. However, lithium must undergo several processing steps before it’s ready for use in batteries, and almost all of Australia’s lithium is sold to China, which dominates lithium processing. Moving the processing closer to the mines is important not… Read more »