US-based EV charging software developer WeaveGrid has raised $28 million in financing led by Toyota’s growth fund, Woven Capital, to help automakers integrate their EVs with the electric grid while optimizing the charging experience for drivers. WeaveGrid’s EV Management System (EVMS) enables grid-integrated EV charging and offers vehicle-to-grid capabilities and power distribution optimization. The strategic… Read more »
Search Results Found For: "Lion Electric"
Stellantis and CATL to invest up to €4.1 billion in Spanish LFP battery plant
Netherlands-headquartered automaker Stellantis and Chinese battery manufacturer CATL have agreed to invest up to €4.1 billion to form a 50/50 joint venture that will build a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The battery plant is targeted to start production by the end of 2026 at Stellantis’s Zaragoza site. It will… Read more »
Argonne leads $50-million sodium-ion EV battery innovation push
The US Department of Energy (DOE) has awarded $50 million to be invested over the next five years to establish the Low-cost Earth-abundant Na-ion Storage (LENS) consortium led by DOE’s Argonne National Laboratory to develop high-energy, long-lasting sodium-ion batteries. The consortium includes six national laboratories and eight universities, which aim to develop sodium-ion batteries that… Read more »
WeaveGrid secures $28-million investment for EV grid integration software
San Francisco-headquartered WeaveGrid, a developer of charging management software for integrating EVs into power grids, has raised $28 million in a funding round led by Woven Capital, Toyota’s growth fund. The investment will be used to broaden collaborations with automakers and electric utilities. WeaveGrid’s EV management system is designed to enable grid-integrated EV charging, and… Read more »
Biden Administration to loan Rivian $6.6 billion to complete Georgia factory construction
The US Department of Energy will make a $6.6-billion loan available to California-based Rivian Automotive to allow the startup EV maker to complete the construction of a factory in Georgia. Construction of the $5-billion battery and assembly plant, which was first announced in 2021 and which is 40 miles east of Atlanta, was paused in… Read more »
Synop to provide charging management for electric school buses in 14 Illinois school districts
Fleet charging management specialist Synop has been selected as the charging management solution for Bus2Grid’s Renew America’s Schools Grant. Under the project, 14 Illinois school districts will install campus microgrids with help from a $15-million grant from the DOE. The microgrids will include onsite solar generation and battery storage. Synop’s intelligent charging management platform will… Read more »
Lake Tahoe to link 14 ski resorts with Candela P-12 electric hydrofoil ferry
Lake Tahoe, the largest Alpine lake in North America, became a transportation hub after the 1848 California Gold Rush. Mail delivery then took place via a sailboat that visited each community, and steamboats began plying the river in 1863. The advent of automobiles in the 20th century diminished the steamers’ popularity, but the pendulum might… Read more »
Tennessee Tech receives $4.8-million federal grant to improve EV battery recycling
Researchers at Tennessee Tech University are set to receive a $4.8-million grant from the US Department of Energy to help improve the nation’s EV battery recycling ecosystem. The grant is part of a $45-million federal initiative supporting projects at eight businesses or institutions, including General Motors, Caterpillar and Siemens. Tennessee Tech University’s project aims to… Read more »
Archer Aviation to sell up to 100 electric aircraft to Soracle
Electric airplane manufacturer Archer Aviation has signed an agreement with Soracle, a joint venture of Japan Airlines and global general trading company Sumitomo, to sell up to 100 Midnight aircraft, totaling approximately $500 million. Soracle plans to offer electric air taxi flights in cities with traffic constraints or geographic barriers. Locations could include Tokyo, Osaka,… Read more »
Chevrolet BrightDrop 400 electric vans support Walmart’s InHome delivery service
Walmart, which plans to expand its InHome grocery delivery service to 62 million US households, will deploy Chevrolet BrightDrop 400 vans in Austin, Dallas, Denver, Detroit, northwest Arkansas, Orlando and the San Francisco Bay area by the end of the year. The BrightDrop 400 is produced at GM’s CAMI Assembly plant in Ingersoll, Ontario. It… Read more »