Battery cathode active materials (CAM) startup ACT-ion Battery Technologies has raised $7.5 million in a pre-Series A funding round. The $7.5-million round was led by BASF Venture Capital and included participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management and LG Technology Ventures. ACT-ion will use the proceeds to accelerate its CAM production… Read more »
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Schneider Electric and Liminal partner on EV battery ultrasound-based inspection
France-based digital automation specialist Schneider Electric, has partnered with Liminal Insights to develop battery inspection services. The companies are developing a joint offering that integrates Liminal’s ultrasound-based metrology and analytics solutions with Schneider Electric’s automation and industrial intelligence ecosystem to deliver real-time inline quality inspection. The new integrated inspection system—which is compatible with all battery… Read more »
California Energy Commission to launch $55-million EV charging station funding round
The Fast Charge California Project, part of the California Electric Vehicle Infrastructure Project (CALeVIP), will open a new $55-million funding window in July 2025 to support the installation of DC fast charging stations at businesses and publicly accessible locations across the state. The new funds will cover up to 100% of the costs to deploy… Read more »
Cambridge GaN Devices raises $32 million to expand power semiconductor production
Cambridge GaN Devices (CGD), a spinout from Cambridge University in the UK, has secured $32 million in Series C financing to expand its operations in the UK, North America, Taiwan and Europe. The investment was led by an unnamed strategic investor and included participation from British Patient Capital as well as existing investors Parkwalk, BGF,… Read more »
Chargepoly provides electric truck charging infrastructure for a major logistics firm in Québec
Canadian logistics and parcel delivery firm Nationex worked with electrical system installer Fize Électrique and EV charging solution provider Chargepoly to build charging infrastructure for a fleet of heavy-duty electric delivery vehicles. Nationex operates what it describes as one of the largest electric fleets in Québec —the company recently celebrated the milestone of one million… Read more »
Alabama awards $2.26 million in state grants for EV charging
The Alabama Department of Economic and Community Affairs (ADECA) has awarded six grants totaling $2.26 million from state funds to increase the availability of electric vehicle charging stations on Alabama’s roads. Five of the grants were awarded to Texas-based company Universal EV LCC to install 10 public charging stations at hotels in several locations across… Read more »
New Terminal One at JFK Airport to deploy a fleet of all-electric ground service equipment
What will be one of the world’s greenest airline terminals when it opens in 2026 is about to get a little greener. The New Terminal One at John F. Kennedy International Airport in New York has selected ground support equipment provider TCR to outfit the new terminal with an all-electric ground service fleet. All ground… Read more »
EV charging platform Presto raises $15 million in seed funding
Presto, an all-in-one EV charging platform, has raised $15 million in seed funding from Union Square Ventures and other investors. The company was founded in 2023 by former Uber executives J.J. Raynor and Ashwin Dias. Its platform is used by electric fleets including Uber, Avis, Hertz and Zipcar. Presto will use the new funds to… Read more »
Port of Long Beach to deploy InductEV wireless EV chargers for electric cargo handling equipment
Wireless EV charging specialist InductEV will deploy its high-power inductive chargers in partnership with port terminal operator International Transportation Service, (ITS) at the Port of Long Beach. ITS recently secured a $3.3-million grant from the California Energy Commission for project, titled Hands-free Charging for Battery Electric Cargo Handling Equipment, that will demonstrate charging technology solutions… Read more »
Lyteflo closes $3-million seed round to help dealers sell EVs
Lyteflo, a new EV merchandising company, has received $3 million in seed funding. Lyteflo’s platform integrates into auto dealership web sites to help them move their EV inventory faster and appraise EV batteries with precision. It provides data-backed sales tools to answer customers’ most prominent questions. Lyteflo’s EV Revenue Platform provides a suite of tools… Read more »
