Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi, has invested an undisclosed amount in PowerShare, an EV charging platform startup based in China. PowerShare, which received investment from BP Ventures just weeks before this latest investment, offers an online platform that connects EV drivers, charge point operators, and power suppliers. The startup’s cloud-based system enables… Read more »
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European regulators reach provisional agreement to lower heavy-duty truck emissions 30% by 2030
The European Parliament and the Council have reached provisional agreement on a regulation that will set strict CO2 emission standards for trucks in the EU. Emissions from new trucks will have to be 15% lower by 2025 and 30% lower in 2030, compared to 2019 emissions. The text of the regulation still needs to be… Read more »
WiTricity acquires Qualcomm Halo
Wireless charging pioneer WiTricity announced the acquisition of Qualcomm’s Halo wireless technology platform. The acquisition will bring over 1,500 patents and patent applications related to wireless charging under WiTricity’s control, while Qualcomm Incorporated will become a minority WiTricity shareholder. Qualcomm and WiTricity have been working collaboratively with global standards organizations, which currently use reference designs… Read more »
BP invests in Chinese charging platform PowerShare
BP Ventures has invested in Powershare, a Chinese provider of integrated hardware and software for EV charging, during a Series A funding round. PowerShare offers an online platform that connects drivers, charge point operators, and power suppliers. The company’s cloud-based system allows power suppliers to continuously monitor the power demand from vehicles and balance it… Read more »
Meritor hopes to put 130 heavy-duty electric trucks on the road by 2020
Auto parts manufacturer Meritor has announced it has 22 electrification programs with OEMs, and expects to put at least 130 fully electric medium- and heavy-duty commercial trucks on the road by the end of 2020. Among the 130 commercial vehicles, 60 received funding from the California Air Resources Board as part of a broader effort… Read more »
Elaphe Propulsion Technologies to provide in-wheel motors to HFM’s Motionboard EV platform
Elaphe Propulsion Technologies, a manufacturer of in-wheel electric propulsion systems, and HFM, a developer of mechatronics systems for electric and autonomous vehicles, have announced a new partnership. HFM’s autonomous EV platform Motionboard will now incorporate Elaphe’s in-wheel motor technology. Motionboard is a modular and scalable platform that’s used as a base for building autonomous EVs…. Read more »
UQM Technologies to be acquired by Danfoss
UQM Technologies, a manufacturer of electric motors, generators, power electronic controllers and fuel cell compressors for commercial vehicles, has entered into a merger agreement with Danfoss Power Solutions, a subsidiary of privately-owned Danish conglomerate Danfoss, which manufactures hydraulic systems, drives, motors, and components for the automotive, aerospace and energy industries. Danfoss will acquire UQM in… 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 »
Honda unveils two-way wireless V2G energy management system
Honda unveiled its new Wireless Vehicle-to-Grid (V2G), a bi-directional energy management system, at CES 2019. Developed in partnership with WiTricity, the system creates a two-way energy flow between the grid and vehicles parked over WiTricity’s Drive 11 wireless charging pad, which can be used to power car batteries or help meet the grid’s energy demands… 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 »