Berlin’s public transport operator BVG has ordered fifteen articulated electric buses from Solaris, a Polish bus and trolleybus manufacturer. The Solaris Urbino 18-meter buses will be delivered in 2020. The value of the contract, including charging infrastructure, is €13.2 million. Each of the buses will have a battery capacity of 174 kWh. They will be… Read more »
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ubitricity raises €20 million in Series C funding
EV charging provider ubitricity has raised €20 million in Series C funding to expand its mobile metering technology for EV charging. A new shareholder, automaker Honda, joined existing shareholders EDF and Next47 in the investment. The funding will be used to accelerate the deployment of ubitricity’s charge points, including retrofitted lamp posts and real-estate installations,… Read more »
Lucid Motors said to be working on electric SUV
Lucid Motors is one of the most interesting of a crop of young EV startups that are hoping to duplicate Tesla’s formula of launching a luxury EV as the first step towards bringing EVs to the mainstream (see our interview with CTO Peter Rawlinson in the March/April 2018 issue of Charged). A prototype of that… Read more »
Germany and France to invest 1.75 billion euros to accelerate battery cell production
France and Germany have announced a joint effort to turbocharge battery cell production in Europe, taking aim at a business currently dominated by Asian firms. As Bloomberg reports, German Economy and Energy Minister Peter Altmaier and French Economy and Finance Minister Bruno Le Maire have announced that Germany will invest one billion euros, and France… Read more »
Daimler and BMW to invest a billion euros in ride-hailing JV to compete with Uber
The combination of autonomous vehicles and ride-hailing services is expected to be an extraordinarily disruptive development. Someday, providers of Transportation as a Service (TaaS) could be sitting atop the value chain, while traditional automakers end up as producers of a commodity product. Automakers aren’t sitting idly by and waiting for the market to develop. Just… Read more »
Tallahassee to purchase 22 electric buses to service Florida State University
The city of Tallahassee’s public transit system, StarMetro, has agreed to purchase 22 electric transit buses from Proterra, a California-based manufacturer of electric transit buses, to service Florida State University (FSU). The 22 Proterra Catalyst FC buses bring StarMetro’s electric fleet up to 27 buses. The 35-foot Proterra Catalyst FC buses will serve FSU’s Seminole Express… Read more »
Rivian secures $700 million in new investment round led by Amazon
Amazon will lead a $700-million investment round in EV startup Rivian Automotive. Also investing in this round is Rivian’s long-term investment partner, Saudi auto distributor Abdul Latif Jameel. Although it was reported earlier that GM was also in talks with Rivian, the automaker is not involved in this round. Rivian has been raising eyebrows since… Read more »
Global automakers planning to invest over $300 billion in electrification
Global automakers are planning an unprecedented level of investment to develop electrified vehicles and procure batteries over the next five to 10 years, according to a Reuters analysis of public data. Carmakers have announced plans to spend at least $300 billion on electrification projects. The lion’s share – some $136 billion – will be directed… Read more »
Rolls-Royce hopes to shatter electric airplane speed record
A partnership led by Rolls-Royce is building an electric aircraft that it hopes will reach a top speed of over 300 mph and beat the previous speed record of 210 mph set in 2017 by Siemens. The project is part of a Rolls-Royce initiative called Accelerating the Electrification of Flight (ACCEL), which is partly funded… Read more »
TEPCO Ventures invests $2.5 million in V2G provider Fermata Energy
Fermata Energy, a provider of vehicle-to-grid (V2G) technology, has secured a $2.5-million strategic investment from TEPCO Ventures, the investment arm of Tokyo Electric Power. Fermata’s bi-directional chargers enable EV batteries to provide energy storage to the power grid, reducing power loads during peak times and consequently reducing electricity costs. Fermata Energy’s proprietary software system is… Read more »
