Modal Motors, a Michigan-based electric motor manufacturer specializing in non-rare earth hub motors, drone propulsion systems and robotic actuators, has raised $2 million in a seed funding round. The company will use the funding to bring its next generation of electric motors into production. The new funds will accelerate Modal Motors’ transition from R&D and… Read more »
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it’s electric secures $1.1-million CEC grant to develop vehicle-to-grid curbside EV charger
The California Energy Commission (CEC) has awarded Brooklyn-based EV charging company it’s electric $1.1 million to develop and commercialize a curbside vehicle-to-grid EV charger. The company will develop the new technology in partnership with the University of California, Berkeley and the University of Delaware, and expects to bring it to market by 2028. it’s electric… Read more »
EV Realty raises $75 million, breaks ground on electric truck charging hub in San Bernardino
EV Realty has secured an additional $75 million equity commitment from investor NGP, along with funding contributions from EV Realty’s management team. The new capital will enable EV Realty to scale its Powered Properties portfolio, including construction of the company’s first multi-fleet charging project, a 76-stall fast charging hub for commercial fleets in San Bernardino,… Read more »
Nevoya raises $9.3-million seed funding for electric trucking management system
Electric trucking carrier Nevoya has received $9.3 million in a seed financing round led by Lowercarbon Capital. Nevoya’s Transportation Management System is purpose-built for EV operations. The company will use the new financing for geographic expansion into new corridors and markets with proven customer demand; to enhance the predictive capabilities and customer integration features of… Read more »
VertexCom Electric Vehicle Communication Controller chip shipments exceed 1 million units
Taiwan-based VertexCom, a provider of smart charging communication chips, has reached cumulative shipments exceeding 1 million units for its Electric Vehicle Communication Controller (EVCC) chip, driven by the rapid growth of China’s electric vehicle industry. The high-speed power line communication chip, MSE1022 + MSEX25-i, complies with the HomePlug GreenPHY standard and the ISO15118-3 international data… Read more »
New York state announces $200 million in additional funding for electric school buses
New York Governor Kathy Hochul has announced that an additional $200 million is now available for zero-emission school buses through the third installment of funding from the $4.2-billion Clean Water, Clean Air, and Green Jobs Environmental Bond Act of 2022. The funding, distributed through the New York School Bus Incentive Program (NYSBIP), supports the purchase… Read more »
Lumina aims to raise $20-40 million in Series A funding for electric construction equipment
US-based Lumina, a company specializing in electric construction equipment, is aiming to raise between $20 million and $40 million in its Series A financing round, according to Axios. Lumina was founded in 2021 by entrepreneurs Ahmed Shubber and Federico Di Palma and aims to release a 32-ton autonomous and electric bulldozer prototype, the Moonlander. The… Read more »
California awards $500 million in funding for 1,000 electric school buses
The State of California has awarded $500 million for educational agencies to buy electric school buses and chargers. The Zero-Emissions School Bus and Infrastructure (ZESBI) project has selected 133 educational agencies to receive 1,000 school buses and related charging infrastructure. The grants are expected to be finalized by the end of the year. The incentive program… Read more »
Electra announces $9 billion in preorders for new EL9 Ultra Short hybrid electric aircraft
Electra Aero, a maker of hybrid electric short takeoff and landing aircraft, says it has received some 2,200 preorders, worth about $9 billion for its new EL9 Ultra Short hybrid electric aircraft. The aircraft manufacturer’s mission statement reads that the company was founded to “provide affordable air travel without airports, emissions or noise.” The Ultra… Read more »
NYSERDA awards $2.9 million for shared electric transportation projects in New York
The New York State Energy Research and Development Authority (NYSERDA) has awarded $2.9 million to 29 community-led projects to enhance planning for shared electric transportation solutions in New York, through the state’s $32-million Clean Mobility Program. Each of the awarded project teams will receive $100,000 to conduct feasibility studies on local transportation options including shared… Read more »