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21 May 2013

Eco City Vehicles revenues up 38%

Developer of the London-licensed Mercedes Vito taxi Eco City Vehicles has seen its revenues increase by 38 per cent to £30.5m.

21 May 2013

Update: Tesla raises more than $1bn to repay DOE loan this week

Tesla co-founder and CEO Elon Musk said in a Twitter post that the company will repay its government loan this week with its Supercharger announcement pushed back.

16 May 2013

Hong Kong’s first pure-electric taxis begin service

Battery technology company BYD has launched Hong Kong’s first all-electric taxi fleet of 45 cross-over sedans.

16 May 2013

Tesla plans $830m stock offering to pay back DOE, Musk to buy $100mp

Tesla Motors has outlined details of a $830m stock offering with CEO Elon Musk signing up to buy $100m to prepay its outstanding government loan.

16 May 2013

Car Charging, Nissan team up for California network roll-out

Car Charging Group, a US-based provider of electric vehicle (EV) charging services, has teamed up with Nissan to expand its network just weeks after completing its third acquisition this year.

13 May 2013

California Energy Commission awards $5m to cleaner fuels

The California Energy Commission has approved nearly $5m in grants to a number of cleaner, alternative fuel vehicles innovators.

10 May 2013

Stock round-up: Tesla highlights upwards trend of Nasdaq’s green stocksp

Tesla this week reported its first quarterly profit resulting in a major share price gain and catapulting its projected status to the likes of Google and Apple.

9 May 2013

Electric car maker Tesla makes millions on t-shirt salesp

Tesla, the electric vehicle manufacturer which has just made its first profit, also makes millions of dollars in t-shirt sales.

9 May 2013

US EPA makes $9m available for diesel emissions reductionp

The US Environmental Protection Agency will make up to $9m available for new projects aimed at reducing emissions from the nation's existing fleet of diesel engines.

9 May 2013

Better Place’s $100m equity raise leads Israeli PE activityp

Electric vehicle pioneer Better Place’s equity deal constituted more than half of the total quarterly value of Israeli private equity transactions in the first quarter as it secured $100m from institutional and corporate investors.

9 May 2013

Tesla ‘best investment’ in PEV market, say analysts as it turns first profitp

Tesla has made its first profit after ten years in the business, proving the viability of its business model and prompting analysts to consider the potential dominance the car maker may have on the electric vehicle industry.

3 May 2013

US EV charging specialists Car Charging Group and 350Green join forces

Car Charging Group, a US-based provider of electric vehicle (EV) charging services, has carried out its third acquisition this year, this time by taking over charging operator 350Green.

2 May 2013

Solar Impulse readies for flight across USp

Solar Impulse’s solar-powered plane is about to take-off for a trip across the US, piloted for up to eighteen hours at a time, with the company telling NewNet it is capable of indefinite flight.

1 May 2013

Electric vehicle maker Coda files for Chapter 11 bankruptcy

Electric vehicle maker Coda will exit the automobile market and focus on energy storage as it files for chapter 11 bankruptcy protection after selling only 100 vehicles.

29 April 2013

Fundraising underway for Archipelago, Red7Marine green shipping fundp

Archipelago Investment Partners told NewNet a fund launched in partnership with UK engineering group Red7Marine to target opportunities in the offshore marine space will be sub-$100m.

29 April 2013

Tesla unveils ‘world’s best’ service, warranty programme

Tesla CEO Elon Musk has unveiled a service programme whereby car owners will be able to upgrade to top of the line Model S loan vehicles if they prefer this version while their original car is in for repair.

29 April 2013

Detroit Electric teams with Geely to target China market

US electric vehicle maker Detroit Electric has partnered with Geely Automobile to co-develop pure electric vehicles and related electric drive systems for the Chinese market.

26 April 2013

NRG’s EV-to-grid project finds favour with PJM

The University of Delaware and NRG Energy’s eV2g project has become the official resource of PJM Interconnection, proving for the first time that electric vehicle-to-grid technology can sell electricity from electric vehicles (EVs) to the power grid.

26 April 2013

In-depth: How Fisker ran out of powerp

Electric vehicle-maker Fisker looks set to become the next high-profile government backed cleantech failure after Solyndra, inevitably provoking a fresh round of criticism over US President Obama’s clean energy strategy and further denting green investor confidence.

26 April 2013

Clean Air Power gets grant for dual-fuel technology

AIM-listed Clean Air Power, which develops engine management software, has received a grant to support the development of its Genesis EDGE Dual-Fuel product for the US market.

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