EV company Polestar and Gores Guggenheim expect to raise $850 million. Polestar’s stock has now started trading on Nasdaq under “PSNY.”
The new company will be known as NewALD and will give the business extensive global reach with a total of 3.5 million vehicles under fleet management.
Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
Two of the world’s largest leasing companies are considering combining forces to create a global mobility leader.
XL Fleet Corp. has acquired World Energy Efficiency Services, LLC for total cash and stock consideration of approximately $16 million.
Battle Motors is bringing the Battle-Ready Class 8 severe-duty full electric truck to the market this summer with 12 municipal customers.
The acquisition of Pi Innovo enables Dana to increase its in-house electrodynamics capabilities and electrification product portfolio by adding a library of turn-key electric vehicle application software, vehicle level controllers, and auxiliary controllers.
Stellantis, the merger between Fiat Chrysler Automobiles and Groupe PSA, will “embrace electrification, connectivity, autonomous driving, and shared ownership,” the company said.
Lordstown will list on NASDAQ through a merger with DiamondPeak Holdings Corp. The EV maker has received more than 27,000 pre-orders for its Endurance electric pickup, primarily from commercial fleet customers.
Electrified truck powertrain developer Hyliion Inc. plans to merge with Tortoise Acquisition Corp., an acquisition company that focuses on the energy sector and decarbonizing commercial transportation.
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