FINN Raises 100 Million Euro in Series C to Accelerate the Growth of its Electric Fleet
The car subscription provider FINN has announced the closing of its Series C equity funding round of 100 million euros. The round was led by Planet First Partners, the European growth equity sustainable investment platform. In addition, existing investors reaffirmed…
Hertz Will Shrink Electric Fleet After Being Burned by Tesla’s Price Cuts
The rental car company Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said on Thursday. The drop in value is a blow to the company’s…
Biden Launches $623 Million Grant Program for Electric Vehicle Charging
The Biden administration and U.S. Department of Transportation announced a new investment in the country’s push for greater electric vehicle adoption and usage, pledging $623 million in EV charging station grants intended to build out community charging networks around the…
Turkiye’s EV maker Togg Unveils its Sedan Model Before Europe Debut
Turkiye’s first homegrown electric vehicle maker announced the expansion of its lineup on Tuesday and unveiled its second model at the sprawling tech and gadget show in Las Vegas as it looks to start its expansion into Europe. The fastback…
Starbucks Partners with Volvo to Boost EV Charging Stations from Denver to Seattle
Starbucks customers traveling cross country from Denver to Seattle are now being offered an extra jolt — for electric vehicles. Initiated in August of 2022, the coffee retailer has installed multiple electric vehicle charging stations at its locations along the…
VinFast Shows off a Midsize Truck and Small Utility EV for North America
Vietnam’s VinFast must really want a slice of the EV market in the US based on the vehicles it brought to CES in Las Vegas this year: a midsize pickup truck that looks to be about the same size as…
U POWER Tech Unveils “plug-and-play” EV Chassis at CES; a Tech and Business Model Set to Shake Up the EV Industry
U POWER Tech, a smart electric vehicle (EV) technology company is making its debut at CES 2024 with the UP Super Board, a skateboard chassis that serves as a vehicle foundation for automakers to accelerate EV development. This plug-and-play technology…
Nearly $12M Going to Mesa for Installation of Dozens of Electric Vehicle Charging Ports
Mesa is getting a federal grant of nearly $12 million to support the expansion of its electric vehicle charging network, U.S. Rep. Greg Stanton announced Monday. The funding will be used to install 48 electric vehicle charging ports, charging docks…
Fuel Cell Electric Trucks Are Coming, Ready Or Not
The road ahead has not gotten much easier for fuel cell cars, but trucks are a different matter. Just a couple of weeks ago, Isuzu and Honda kicked off a months-long road test of their GIGA FUEL CELL heavy-duty truck,…
EU Approves $986 Million German State Aid For Northvolt’s Battery Plant, Matching US Subsidies
The European Commission gave the green light to a $986 million German measure aimed at bolstering Swedish sodium-ion battery-batteries company Northvolt’s initiative to build a battery production plant for electric vehicles in the country. The sum sways Northvolt’s decision towards…
