Wallbox Chargers, a company that designs, manufactures and distributes electric vehicle charging systems, has disclosed that it has secured a $45-million investment from multiple investors. Lead investor Generac Power Systems, a designer, manufacturer and provider of energy technologies, will use the investment to reinforce its ongoing partnership with the Barcelona-headquartered company. Generac has over 8,000 authorized… Read more »
Search Results Found For: "Lion Electric"
Lincoln Electric introduces ChargExec EV charging management software
Lincoln Electric has launched its ChargExec EV charging management software for its Velion DC fast charger. ChargExec was developed in collaboration with EV charging software provider Lynkwell and optimizes charging infrastructure for diverse applications. It provides a simplified station management experience including quick access to minute-by-minute connector-level energy utilization, plug status, pricing and charging session… Read more »
DOE makes $65 million available for Connected Communities charging management projects
The DOE has announced a new Funding Opportunity Announcement (DE-FOA-0003136), which offers up to $65 million for Connected Communities 2.0, a program that “seeks to validate grid-edge technology innovations in real-world situations and provide new tools for utilities, grid planners and operators, automakers and smart charge management service providers.” This FOA has two major topic… Read more »
Farasis Energy reaches million-mile battery testing milestone
China’s Farasis Energy has tested its EV battery cells through cycles representing travel over a cumulative million miles. This requires cycling the cell over 5,000 times, a process that takes 24-36 months of accelerated testing. Farasis Energy has tested its nickel-cobalt-manganese (NCM) cells, the P75 and P73, to evaluate their aging characteristics. The results indicate… Read more »
Ion Storage Systems to receive $20 million in ARPA-E funding to commercialize solid-state battery
US-based solid-state battery manufacturer Ion Storage Systems will receive $20 million from the US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) Seeding Critical Advances for Leading Energy Technologies with Untapped Potential (SCALEUP) program. Ion was one of four companies to secure funding from SCALEUP in 2024 as part of its $63.5-million program budget. The… Read more »
Castrol invests $50 million in Gogoro’s battery-swapping platform
UK-based industrial and automotive lubricants supplier Castrol, part of the bp group, will invest up to $50 million in Taiwanese battery swapping firm Gogoro. Gogoro is developing is an open and interoperable battery swapping platform for lightweight two-wheeler and three-wheeler urban vehicles. The company aims to accelerate the shift to sustainable two-wheeler transportation in the… Read more »
Nexperia to invest $200 million at its semiconductor factory in Germany
Dutch semiconductor manufacturer Nexperia plans to invest $200 million to develop the next generation of wide bandgap (WBG) silicon carbide (SiC) and gallium nitride (GaN) semiconductors and to build production infrastructure at its facility in Hamburg, Germany. Wafer fab capacity for silicon (Si) diodes and transistors will also be increased. SiC and GaN semiconductors enable… Read more »
Electric motor manufacturer Nidec invests in Eve Air Mobility
Japan-headquartered electric motor manufacturer Nidec has made a minority equity investment of $20 million in Eve Air Mobility, a Florida manufacturer of electric vertical-takeoff-and-landing (eVTOL) aircraft. Eve is a launch partner for Nidec Aerospace’s propulsion system through its subsidiary Nidec Motor. Nidec Aerospace was established last year as a joint venture with Brazilian aircraft manufacturer… Read more »
DOE announces $1.7 billion in grants to convert facilities for EV production and support US auto workers
Some folks fear that the transition to EVs will lead to major job losses in the auto industry—and not without reason, as EVs require different (and fewer) components than legacy ICE vehicles. Auto plants around the country are in danger of downsizing or shutting down altogether, and helping these facilities to retool for EV production… Read more »
Sila raises $375 million to deliver Titan Silicon for EV series production
Battery materials company Sila has raised $375 million in a Series G funding round led by existing investors Sutter Hill Ventures, with participation by new outside investors as well as existing investors Bessemer Venture Partners, Coatue, Perry Creek Capital and others. The funding will secure the completion of the company’s Moses Lake plant in Q1… Read more »