Investors include Proeza Ventures, a mobility-focused VC firm backed by Tier 1 supplier Metalsa’s holding company, and BUILD Capital Group. Rob Ferber, employee number one and former science director at Tesla, hired as CTO.
The investment round of $2.5 billion comes as the electric vehicle startup retools its factory to produce its three electric vehicles starting in 2021.
This co-funding will go towards the vehicle lease costs of 12 BMW i3’s, charging infrastructure and marketing, with the aim of increasing EV demand within the rental vehicle sector, which is the largest corporate purchaser of passenger vehicles in New Zealand.
The CRUSE Project’s aim is to bring EV carsharing services to underserved rural communities nationwide, providing rural America with improved transportation access, energy efficiency, and environmental benefits at lower costs to users.
Municipalities and rural electric cooperative utilities can apply for zero-interest financing to purchase electric vehicles or charging infrastructure.
Nikola Motor Company announced it has raised and funded more than $100 million in August and expects to double it by the end of C-round funding.
Working in partnership with the nonprofit carsharing service Hourcar and Xcel Energy, the city of St. Paul, Minn., applied for federal funding through the Congestion Mitigation and Air Quality Improvement Program.
SoCalGas customers have submitted more than 150 applications to the SCAQMD as part of the $21 million Prop 1B incentive pool. Owners whose applications are accepted will receive $100,000 towards the purchase of a new near-zero natural gas truck.
The Mobile Source Air Pollution Reduction Review Committee designed the program so that it can partner directly with eligible cities and counties in California to jump-start clean transportation projects.
A large group representing manufacturers, transportation associations, and clean air and health advocates sent a letter to the House of Representatives opposing a proposed amendment to the House Interior-EPA appropriations bill that would remove all funding for the Diesel Emissions Reduction Act.