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Posts Tagged ‘electric vehicle’

US electric vehicle charger developer ECOtality gains access to $300m financing facility

China-based cleantech investment holding firm Shenzhen Goch Investment, a partner of US clean energy storage and electric vehicle company ECOtality’s joint venture in China, ECOtality China, has obtained a credit facility agreement with China Construction Bank for a credit line of RMB10bn ($1.5bn).

Read More | Comments (0) | Asia, deals, energy storage

ECOtality announces filing for NASDAQ listing

US-based electric transportation and storage company ECOtality has filed an application to list its common stock on the NASDAQ Capital Market.

Read More | Comments (0) | North America, companies, energy storage

Remy International’s electric motors to power AMP’s electric car conversions

US hybrid technology manufacturer Remy International and electric vehicle converter Advanced Mechanical Products have agreed a long-term electric motor supply agreement.

Read More | Comments (0) | North America, companies, energy efficiency

Greenlots rolls out electric vehicle charging infrastructure globally

Singapore electric vehicle charger technology developer Zeco Systems has launched its electric vehicle charging solutions for global markets.

Read More | Comments (0) | Asia, companies, energy efficiency

Eco City Vehicles launches Mercedes electric taxi prototype

UK green vehicle and London licensed taxi developer Eco City Vehicles has launched an electric prototype of the London-licensed Mercedes Vito taxi.

Read More | Comments (1) | Europe, companies, energy efficiency

Raser Technologies closes up to $19m financing with Fletcher International

NYSE-listed renewable energy company Raser Technologies, based in Utah, US has sold $5m convertible preferred stock plus an additional $14m in certain investment rights in a transaction that closed on 3 February 2010.

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Electric vehicle infrastructure developer Coulomb Technologies secures $14m in Series B funding

US electric vehicle charging station developer Coulomb Technologies has secured $14m in Series B funding in a round led by US venture firms Voyager Capital and Rho Ventures, fuelling its expansion into the market for powering electric vehicles.

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Honda launches new solar hydrogen electric vehicle station

Car maker Honda has begun operation of a next generation solar hydrogen station prototype at the Los Angeles Center of Honda R&D Americas, California, US, intended for use as a home refuelling appliance capable of an overnight refill of fuel cell electric vehicles.

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Better Place secures $350m in Series B round led by HSBC Group

Almost two years after its first car partnership and first country deployment in Israel, California-headquartered electric vehicle service provider Better Place has signed an agreement with an HSBC-led investor consortium for new equity financing of $350m, valuing Better Place at $1.25bn.

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Carbon Day Automotive installs first US electric car charging stations

Electric vehicle charging station developer Carbon Day Automotive, Chicago, Illinois has installed its first green electric car charging station in the US. The Carbon Day Automotive ChargePoint Networked Charging Station, powered by Coulomb Technologies ChargePoint Network is completely powered by the wind.

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Fisker Automotive secures additional funding for plug-in hybrids

New American carmaker Fisker Automotive has secured access to an additional $115.3m in private equity funding to develop plug-in hybrid car, at a time when capital is scarce, the auto industry is struggling and the global economy is just beginning to rebound.

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Volvo delivers hybrid buses to Norway

Norwegian transport operator company Nettbuss has ordered 12 hybrid buses from Volvo Buses for service in Norway, becoming the first company in the Nordic region to implement the hybrid technology commercially.

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European electric vehicle developer THINK invests $43.5m in US expansion

Global manufacturer of electric vehicles THINK has announced plans to begin selling THINK City, one of the world’s first highway-capable urban electric vehicles, in the US later this year. The company plans to invest $43.5m in building improvements and equipment in Elkhart County, and said the plant could begin assembling vehicles in early 2011.

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Ricardo and QinetiQ release electric vehicle battery technology results

Transport technology provider Ricardo and energy and defense technology developer QinetiQ have released results for their two-year collaboration Li-ion project.

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UK materials company Ilika and Toyota extend partnership for electric and hybrid vehicles

UK materials company Ilika Technologies has extended a collaboration into 2010 with Japanese car-maker Toyota Motor Company, which was initially started in February 2008.

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US Department of Energy to award up to $5.5m for energy efficient vehicles

The US Department of Energy (DOE) is providing up to $5.5m in funding from the American Recovery and Reinvestment Act to support the X PRIZE Foundation’s work to inspire a new generation of energy efficient vehicles, according to statement issued by Energy Secretary Steven Chu.

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SunPods unveils solar-powered electric vehicle charging station in San Jose, US

Solar technology company SunPods has launched a demonstration of its solar-powered electric vehicle charging system in San Jose, US.

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US company Puget Sound Energy partner for electric vehicle project

Utility owner Puget Sound Energy is joining Nissan and ECOtality as part of the Electric Vehicle project, to offer consumers in Western Washington environmentally friendly transportation.

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Ensto and Fortum develop new recharging point for electric cars

Finnish industrial group Ensto and Nordic energy company Fortum have worked together to develop a new type of recharging point for electric vehicles.

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UK launches £10m fund for low carbon schemes

The UK Government has launched a £10m fund to award the best low carbon community projects as part of the Low Carbon Communities Challenge.

Read More | Comments (2) | Europe, biomass/biofuel, energy efficiency, funds, policy

Electric car maker Tesla enjoys further boost with $82.5m funding round

California’s high-performance electric car manufacturer Tesla motors has raised a further $82.5m in a sixth funding round involving Daimler, Fjord Capital Partners, Aabar and other undisclosed backers, according to reports.

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Consumer interest for plug-in hybrid vehicles soars

Hybrid plug-in vehicles are set to become the next big product on the market after consumer interest in environmentally friendly transport soared.

Read More | Comments (3) | North America, companies, energy efficiency, knowledge

Aura System’s power management technology to be used in Azure’s electric vehicle

Electric vehicle developer Azure Dynamics Corporation has incorporated Aura Systems’ AuraGen generator into its Balance Hyrbid Electric vehicle, which is part of the US Postal Service’s fleet.

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UQM Technologies and BorgWarner develop products for electric vehicles

UQM Technologies, a developer of alternative energy, has teamed up with BorgWarner to develop powertrain products for electric and hybrid-electric vehicles.

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Electric vehicle developer Think resumes car production after approval of its debt settlement plan

Electric vehicle developer Think has had its debt settlement plan approved by the Norwegian courts, enabling the company to exit court protection.

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Raser Technologies’ new electric Hummer passes road test

Raser Technologies, Inc, an energy technology company, has revealed the results of its recent electric Hummer H3E test drive.

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Ford and partners develop vehicle-to-electric grid system

Car manufacturer Ford and its utility partners are developing a vehicle-to-electric grid communications and control system.

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Battery manufacturer Electrovaya gets boost from Ontario government

The government of Ontario, Canada is investing $16.7m in a local plug-in hybrid vehicle battery manufacturer which it hopes helping to bring batteries to market for the next generation of electric and plug-in hybrid vehicles.

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GridPoint adds CabAire, eVco and Plug Smart to its smart charging network

Smart grid software developer GridPoint has added electric vehicle supply equipment manufacturers CabAire, eVco and Plug Smart Intelligent Energy Solutions to its smart charging network.

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Energy technology company Raser appoints Jim Spellman to lead plug-in hybrid team

Energy technology company Raser Technologies has appointed Jim Spellman to take over the leadership of the company’s plug-in hybrid team. Patrick J Schwartz will step down as president of Raser Technologies to pursue other opportunities, according to a statement.

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Nissan unveils its first electric vehicle, the Leaf

Nissan has unveiled its first electric car, the Leaf, designed specifically for a lithium-ion battery-powered chassis.

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Electric vehicle company UQM Technologies posts quarterly results

UQM TECHNOLOGIES, INC, a developer of electric motors, posted its operating results for the quarter ended 30 June, 2009, showing a 37 per cent decline in net loss to $629,116, compared to $999,715m during the same period of the previous year.

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Electric vehicle technology company KLD Energy Technologies appoints Rob Ferber as CTO

Texas-based KLD Energy Technologies, a developer of electric motor system technology, has appointed Rob Ferber, former science director at Tesla Motors as its CTO.

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Indian electric vehicle company REVA to build world’s largest manufacturing facility

Indian electric vehicle company REVA Electric Car Company is to build the world’s largest dedicated manufacturing facility, according to the Financial Times.

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Chinese automobile tycoon Yang Rong to found green car company in the US

Chinese automobile tycoon, Yang Rong, who fled the country in the wake of accusations of economic crimes, is reportedly launching a plan to manufacture green cars in the US.

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Electric vehicle company Leo Motors appoints Young-ill Kim as vice chairman

Leo Motors, an electric vehicle company, has appointed Young-ill Kim as vice chairman and a member of the company’s board of directors.

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NewNet Investor Profile: Ron Mahabir, Asia Cleantech Capital

Ron Mahabir discusses the opportunities for cleantech investment in Asia, the importance of local knowledge and the prospects for renewable energy.

‘It makes no sense to price our resources against the historic fossil fuel prices. Renewable energy will only get more competitive as scale and technology take hold.’

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EDISON project building green infrastructure for clean cars

The EDISON (Electric vehicles in a distributed and integrated market using sustainable energy and open networks) project has recently got underway on the Danish island of Bornholm, and is targeting the development of a smart infrastructure that will alter the extensive adoption of electric vehicles powered by sustainable energy.

Read More | Comments (3) | Europe, companies, energy efficiency, policy

Venture-backed green car start-up V-Vehicles to open US manufacturing facility

Venture-backed green car start-up V-Vehicles is to build a new manufacturing facility in Louisiana, US. The company is backed by US venture capital investor Kleiner Perkins Caulfield & Byers, as well as renewable energy investor T Boone Pickens.

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Scotland unveils route to green energy future

A massive increase in clean, green energy and full take up of electric and alternative fuel vehicles is needed to drastically cut emissions by 2050 and transform Scotland into a low carbon economy, in line with new measures as part of the Scottish Government’s Climate Change Delivery Plan, which sets out a vision to meet the world leading Climate Change Bill target to reduce greenhouse gas emissions by 80 per cent by 2050.

Read More | Comments (3) | Europe, biomass/biofuel, energy efficiency, energy storage, features, policy, water, wind

Ford details progress on blueprint for sustainability

Car giant Ford’s annual sustainability report shows that the company is on track to reach its product carbon dioxide goal, which calls for a 30 per cent reduction in CO2 emissions by 2020, the company said.

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Better Place showcases latest electric vehicle battery technology in Japan

Better Place, an electric vehicles services provider, was invited by the Japanese Ministry of Environment to demonstrate its battery switch technology along with electric car charging spots.

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Raser Technologies unveils plug-in hybrid vehicle

Environmental energy company Raser Technologies has unveiled its 100+ mpg Hummer H3 powered by Raser’s plug-in hybrid electric vehicle.

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US electric transportation company ECOtality sees revenues rise in 2008

ECOtality, an Arizona-based electric transportation and storage technology company, saw a 332 per cent increase in revenue in 2008 to $11.2m due to the integration of Innergy Power Corporation, Electric Transportation Engineering Corporation and Minit-Charger acquisitions.

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President Obama launches two new electric vehicle programmes in the US

As part of the American Recovery and Reinvestment Act, US President Barack Obama has launched two programmes that will boost the development of electric vehicles in the US.

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Venture-backed electric vehicle maker Tesla targets Canada

Venture-backed electric vehicle-maker Tesla Motors is to target the Canadian market, the company announced.

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Tesla Motors approves $40m in financing to develop all-electric sports car

The board of directors of US electric vehicle manufacturer Tesla Motors has approved $40m in convertible debt financing, based on commitments from almost all current major investors.

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Battery cell company Ener1 to acquire stake in South Korean battery producer Enertech

Battery cell company Ener1 is to acquire stake in South Korean battery producer Enertech
Ener1 has agreed to acquire an 83 per cent interest in South Korean lithium-ion battery cell producer Enertech International.

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