Enevate, a pioneer in silicon-dominant Li-ion battery tech, has secured $81 million in a Series E funding round led by Fidelity Management & Research. Existing investors Mission Ventures and Infinite Potential Technologies also participated. The latest round brings Enevate’s total funding to $191 million. Enevate will use the investment to significantly expand its pre-production line… Read more »
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Volvo XC40 Recharge and Polestar 2: EV cousins offer different takes on “premium”
You might not know it to look at them, but these two cars—one Swedish, one Chinese—share underpinnings and a parent company. Volvo and its Chinese parent Geely are very serious about selling cars that plug in. Starting in 2016, the Swedish brand has included plug-in hybrid versions of pretty much every new vehicle it sells… Read more »
Extreme E off-road racer inspired by GMC Hummer EV
GMC has announced a multiyear sponsorship with Chip Ganassi Racing for the team’s venture in the inaugural season of the Extreme E off-road racing series. CGR’s 550-horsepower electric SUV was inspired by the GMC Hummer EV. The 2022 GMC Hummer EV, which is expected to go into production this fall, will offer a three-motor 4WD… Read more »
Nuvve and IoTecha to deploy bidirectional EV charging system for V2G applications
San Diego-based vehicle-to-grid (V2G) pioneer Nuvve and smart charging specialist IoTecha are joining forces to deploy and commercialize a bidirectional EV charging solution that uses the CCS standard and supports the ISO/IEC15118 protocol. The plan is to enable automotive OEMs to enable bidirectional energy flow on their vehicles using IoTecha and Nuvve technology. Future versions… Read more »
Ideanomics acquires wireless charging specialist WAVE
Ideanomics, which describes itself as “a global company focused on the convergence of financial services and industries experiencing technological disruption,” has agreed to acquire 100% of privately-held Wireless Advanced Vehicle Electrification (WAVE). Founded in 2011, and headquartered in Salt Lake City, WAVE is a pioneer in the field of inductive (wireless) charging solutions for medium-… Read more »
VW board backs CEO Diess’s ambitious electrification plans
Within the executive suites at every legacy automaker, there are pro-EV and anti-EV factions, which continually strive for mastery, like Zoroastrianism’s Asha and Druj. Now Volkswagen Group Chairman Herbert Diess, a staunch EV advocate, has apparently won a major boardroom battle, clearing the way for him to proceed with his progressive plans for the German… Read more »
EVBox Group to go public in SPAC deal
EVBox, a provider of charging hardware and software, has announced plans to go public through a merger with a company called TPG Pace Beneficial Finance (NYSE: TPGY). EVBox’s current owner, the French multinational utility ENGIE, will retain an ownership stake of over 40 percent, and will continue as a key partner of EVBox. The business… Read more »
JB Straubel gives a tour of Redwood Materials’ battery recycling operation
Despite what the anti-EV brigade would like you to believe, recycling lithium-ion batteries is quite feasible both technologically and financially, and several companies are doing so right now. One of these is Li-Cycle, which was featured in the July/August issue of Charged. Another is Redwood Materials , which has gotten a lot of press coverage… Read more »
ABB installs its 1,000th DC fast charger in Norway
ABB is one of the world’s major players in the EVSE hardware realm. Since 2010, the Swiss-based multinational has sold more than 17,000 DC fast chargers across 80 countries. The company has the prestigious position of official charging supplier to the FIA Formula E World Championship, which is about to enter its fourth season. The… Read more »
Proterra beefs up its battery expertise: Q&A with CTO Dustin Grace
Since its founding in 2004, Proterra has grown to become North America’s largest supplier of electric buses. The company has sold some 950 buses to transit agencies, airports, universities, national parks and private companies in 43 states and provinces. Under its Proterra Powered program, the company provides powertrains to other vehicle makers—school buses for Thomas… Read more »