Workhorse Announces Closing Of $70 Million Financing From Institutional Investor
Workhorse Group Inc., an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today announced the closing of its previously announced financing agreement for a $70 million Senior Secured Convertible Note (the…
New Partnership To Power North America’s Entry Into Hydrogen Fuel
HTC Extraction Systems is finalizing its IP partnership agreement and equity stake purchase in US based company, Hydrogen Fueling Corp. The synergy between practical, proven hydrogen production technology and the roll-out of hydrogen fueling infrastructure is what will catalyze and…
ARENA Funds One Of World’s Largest Electric Vehicle To Grid Pilots
The Australian Renewable Energy Agency (ARENA) has issued $2.4 million in funding to ActewAGL for the implementation of an electric vehicle to grid (V2G) pilot in Canberra. ActewAGL will partner with the Australian National University, JET Charge, Evoenergy, SG Fleet,…
Sibros Closes $12 Million Series A For First Deep Connected Vehicle Platform
Deep Connected Vehicle platform company Sibros, announced it has closed $12 million in Series A funding, bringing its total capital raised to over $15 million. The round was led by Nexus Venture Partners with participation from Moneta Ventures and Twin…
Alibaba-Backed EV Maker Xpeng Raises $500 Million
Chinese electric vehicle (EV) manufacturer Xpeng Motors, backed by Alibaba Group Holding Ltd, announced it has raised around $500 million in its latest funding round. As enthusiasm builds for more climate-friendly vehicles, shares of EV makers, including Tesla Inc and…
Global Hub Motor Market Forecast For Electric Vehicle, 2020 – 2030
The global hub motor market for electric vehicle is expected to reach US$ 27.4 Bn mark by the end of 2030. Automotive companies are increasingly focusing on minimizing air pollution and depletion of conventional fossil fuels to gain a competitive…
Electric Vehicle Battery Thermal Management Systems Market Size Worth To Be $12.1 Billion By 2027
The global electric vehicle battery thermal management systems market size is expected to reach USD 12.1 billion by 2027, registering a CAGR of 28.5% from 2020 to 2027. Increasing adoption of electric vehicles (EVs) across the globe is the primary…
ABB India’s First Public DC Fast Charger For New Delhi With BYPL And EV Motors India Unveiled
ABB India limited, today installed its first Public DC fast charger in New Delhi with EV Motors India, the major charge point operator for BSES Yamuna Power Limited. The Terra54 CJG charging station, which caters to multiple charging protocols of…
Hitachi ABB Power Grids Wins ₹1.2 Billion Deal To Supply Transformers To Indian Railways
Hitachi ABB Power Grids India announced that it won a ₹1.2 billion (~$16.05 million) order to help the Indian government’s goal of 100% railway electrification and to reduce its carbon footprint. Under the order, the company will deliver its transformers…
UK’s Oil Giant BP To Invest $70 Million In India’s Green Growth Equity Fund
United Kingdom-based oil giant BP announced its plans to invest $70 million (~₹5.22 billion) in India’s Green Growth Equity Fund (GGEF), which aims at promoting zero carbon and low carbon energy solutions in the country. Once the transaction is completed…
