The Defense Advanced Research Projects Agency (DARPA) has announced a $2.7- million investment in UK-based QinetiQ’s electric hub-drive technology. QinetiQ’s hub-drive replaces gearboxes, differentials, and drive shafts with compact electric motors contained completely within the wheels, significantly reducing the overall weight of a vehicle. QinetiQ is developing the hub-drive system as part of DARPA’s Ground… Read more »
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Protean Electric raises $70 million for in-wheel drive systems, will ramp up China production
Protean Electric, a developer of in-wheel electric drive systems, has generated $70 million in funding from an equity financing round. The company will use the new money to ramp up production in China of its PD18 product line. Protean is setting up a manufacturing site in Tianjin, China, and plans to form a manufacturing joint… Read more »
Low-No program selects seven electric bus projects to receive $22 million in grants
The DOT’s Federal Transit Administration (FTA) has announced its fiscal year 2015 project selections for the Low and No-Emission Vehicle Deployment Program (Low-No). Seven transit providers in five states will receive a share of $22.5 million for battery-electric and fuel cell transit buses and related facilities. FTA awarded the funds after a competitive review process… Read more »
DOE issues $25-million funding opportunity for next generation of electric machines
The DOE’s Office of Energy Efficiency and Renewable Energy intends to issue a new $25-million Funding Opportunity Announcement (DE-FOA-0001467) entitled “Next Generation of Electric Machines: Enabling Technologies.” Goals for next-gen motors include high power density, high revolutions per minute and integrated power electronics. The FOA may include the following topic areas: High Performance Thermal and… Read more »
Volvo: Electric buses could save cities millions per year
It’s indisputable that electric buses can save local transit authorities substantial amounts on fuel and maintenance costs. However, a new analysis conducted by the Volvo Group and the audit and advisory firm KPMG finds that, taking into consideration such factors as noise, travel time and emissions, the total savings may be much higher. “Standard investment… Read more »
Allied Market Research: Global market for electric motors to reach $129 billion by 2020
Electric motor sales are rapidly revving up. The global motor market will grow to $129 billion by 2020, an annual growth rate of 5.3%, according to a new report from Allied Market Research. Automotive applications account for nearly 52% of global revenue, thanks to the steadily increasing adoption of electrified vehicles. According to the report,… Read more »
California Energy Commission grants $10 million for electric buses and trucks
The California Energy Commission has approved more than $10 million in grants for four projects demonstrating medium- and heavy-duty vehicle technologies using battery-electric or fuel-cell powertrains. The Alternative and Renewable Fuel and Vehicle Technology Program projects include: $2.9 million to CALSTART, Inc. to buy four 33-foot BYD battery-electric buses, which will be built at BYD’s… Read more »
Proterra’s electric buses approach $1 billion in total pipeline sales opportunities
Will the transit vehicle market be the first to completely eliminate petroleum use? Proterra thinks so. During a recent interview for the latest issue of Charged, CEO Ryan Popple told us that the company is currently in contention for roughly 20% of the potential transit vehicle orders in the US over the next couple years,… Read more »
Indian electric scooter builder receives $12 million in funding
Bangalore-based startup Ather Energy has received $12 million in funding from the private equity fund Tiger Global. The company will use the new capital for development, testing, production and launch of the Ather S340, an electric two-wheeler. “Ather Energy aims to build smart, connected electric vehicles of the future,” said CEO Tarun Mehta. “We want… Read more »
Proterra wins $3 million grant for California electric bus manufacturing line
The California Energy Commission has awarded a $3 million grant to Proterra to fund the design, development and construction of a new electric bus manufacturing line. The project will also receive $5.4 million in private investment. The proposed facility, to be located in the San Gabriel Valley, is expected to be operational by the fourth… Read more »
