Better Place Raises $200 Million Series C Financing

The press release states, “with the launch of the first nationwide electric car networksin Israel and Denmark just months away, Better Place today announced that it has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25 billion (post money valuation [...]

Tesla Motors to Raise More Capital

Founded in 2003, Tesla Motors has announced it is offering an additional 5.3 million shares of common stock. In addition, Tesla Motors CEO Elon Musk and Daimler affiliate Blackstar Invesetco plan to purchase additional company shares in a private placement at the public offering price (PIPE). Part of the funds will go into developing Tesla’s [...]

Germany Doubles Electric Vehicle Research and Development Aid

Bloomberg reports, “the German government announced an additional 1 billion euros ($1.4 billion) in research and development aid for electric vehicles, doubling its budget by 2013 in a bid to position itself at the technology’s vanguard. Tax rebates, dedicated parking spots and measures aimed at promoting government use of electric cars are among the other [...]

First of 70 eVgo sm Electric Vehicle Charging Stations in Dallas Ready to Charge

The press release states, “NRG Energy, Inc. (NYSE: NRG) is bringing range confidence to electric vehicle (EV) owners in the Dallas/Fort Worth Metroplex by commencing operations at the first privately funded, eVgo sm (ee-vee-go) Freedom Station in Texas, including the first high-speed direct current (DC) charger in Texas that is among the first in the [...]

Tesla Motors Reports Fourth Quarter and Full Year 2010 Results

According to SEC Filings, “Tesla Motors, Inc. (Nasdaq: TSLA) today announced its preliminary unaudited financial results for the quarter and year ended December 31, 2010. Revenues for the fourth quarter of 2010 were $36.3 million, a 16% increase from the $31.2 million reported in the prior quarter. Gross margin improved to 31%, up from 30% for [...]

GM Ventures Makes Strategic Investment in Envia Systems

The press release states, “General Motors Ventures LLC invested $7 million in Newark, Calif.-based Envia Systems to provide GM’s battery engineering team with access to advanced lithium-ion cathode technology that delivers higher cell energy density and lower cost. In a separate agreement, GM has secured the right to use Envia’s advanced cathode material for future [...]

Chevrolet Invests in Clean Energy Projects Across America

According to the press release, “Chevrolet announced today that it will invest $40 million in various clean energy projects throughout America with a goal to reduce 8 million metric tons of carbon dioxide emissions. The initiative is based on projects that promote energy savings, renewable energy, responsible use of natural resources and conservation in communities [...]

Panasonic Pays $30 Million for Stake in Electric Vehicle Maker Tesla Motor

According to Bloomberg, “Panasonic Corp., the largest maker of rechargeable batteries, bought a $30 million stake in electric carmaker Tesla Motors Inc., tightening its supply relationship with the Silicon Valley startup. Panasonic paid $21.15 per share yesterday for the holding in Tesla, which also counts Toyota Motor Corp. and Daimler AG among its investors, the [...]

GE and Better Place Partner to Accelerate EV Infrastructure Deployment

According to the press release, “GE  and Better Place, a leading electric vehicle (EV) services provider, today announced a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development, battery financing, joint fleet electrification programs and consumer awareness. The partnership combines GE’s global [...]

Carmaker Tesla’s stock zooms 40 percent on first day

According to Reuters, “Electric carmaker Tesla Motors Corp’s initial public offering zoomed ahead on Tuesday with shares rallying more than 40 percent as investors bet that electric cars would define the future of transportation. Tesla’s shining debut came despite weakness in the broad market and as other auto stocks were hit by concerns of a [...]

Better Place Applauds Bipartisan Effort to put US into the Global EV Race

According to a Better Place Press Release, “Better Place today announced its support for federal legislation aimed at catalyzing electric vehicle (EV) adoption in the US, the Electric Vehicle Deployment Act (EVDA), introduced today by a leading bipartisan group of members of the Senate and House. “The bills, introduced by Senators Dorgan (D-ND), Alexander (R-TN), [...]

GE, Nissan to Drive Smart Charging for Electric Vehicles

According to the Press Release, “In the race to build a smart-charging infrastructure that fuels the coming plug-in car revolution, GE and Nissan have teamed to research new technology developments that will make smart charging a reality. The two companies signed a three-year Memorandum of Understanding (MOU) to explore new technologies that are needed to [...]

Better Place Takes First Step in China

According to the Press Release, “Better Place took a first step today in China by signing a memorandum of understanding (MOU) with Chery Automobile Co., China’s largest independent auto producer and exporter, to collaborate on electric vehicle technology in the world’s largest auto market. As part of the collaboration agreement, the Chery exhibit at Auto [...]

Remy International, Inc. Chosen to Supply Remy HVH250™ Electric Motors to the New All-Electric Aptera 2e Vehicle

According to the Remy Press Release, “Today, Remy International, Inc. joined Aptera Motors for a press conference in Carlsbad, California where Remy was announced as the electric motor supplier for the Aptera 2e. Remy will supply HVH250™ electric motors for the new Aptera 2e all-electric vehicle. Remy is already supplying a High Voltage Hairpin (HVH™) [...]

CalCars: PHEVs are the Future

Based out of Palo Alto, CA, CalCars is a nonprofit organization comprised of engineers, environmentalist and entrepreneurs. While a majority of people are looking to invest in the EV market, CalCars believe that plug-in hybrid EVs (PHEVs) are the best of both worlds. To them, PHEVs are not simply a transition from traditional internal-combustion engine [...]

GM To Be First Major U.S. Automaker to Manufacture Electric Motors

According to the press release, “GM will expand its in-house electric vehicle development capabilities by becoming the first major U.S. automaker to design and manufacture electric motors, a core technology for hybrids and electric vehicles. By doing so, GM will lower costs and improve performance, quality, reliability and manufacturability of electric motors by controlling design, [...]

ZAP, Jonway Partner to Target China Electric SUV Market

According to the press release, “US electric vehicle pioneer ZAP (OTCBB: ZAAP) and China auto manufacturer Zhejiang Jonway Automobile Co. Ltd. announced a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. ZAP and Jonway partnered on the production of the 5-door Jonway [...]

Hitachi Develops Lithium-ion Batteries for Plug-in Hybrid Electric Vehicles

According to the Press Release, “Hitachi, Ltd. (NYSE:HIT / TSE:6501,hereinafter Hitachi) today announced that Hitachi and Hitachi Vehicle Energy, Ltd. ,which develops and manufactures lithium-ion batteries for automotive applications, such as hybrid electric vehicles, have developed ithium-ion batteries for plug-in hybrid electric vehicles, a first for the Hitachi Group. These new batteries were developed in [...]

Tesla hires Fiat strategist to head European operations

According to their press release, “Tesla Motors has hired former Fiat executive Cristiano Carlutti to lead the electric vehicle manufacturer’s fast-growing European operations. Carlutti, who began this week as Tesla’s vice president of European sales and operations, has a unique background encompassing sales, marketing, branding and public relations. He has lead mission-critical divisions at Fiat, [...]

A Clash of Hybrids: Insight vs. Prius

For the consumer inclined to buy a hybrid automobile, there are several different options. Many of the main automotive manufactures have at least one hybrid in their lineup these days, in the hope to stay competitive with one another. These hybrids come in all different forms, but the most popular have been those that are [...]

Electric carmaker Tesla preparing IPO: sources

According to Reuters, “U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles. An IPO filing from the six-year-old start-up, best known for its $109,000 all-electric Roadster, is expected any day, said one of the sources. The [...]

GREEN BUSINESS: Nature’s Calling to General Motors?

Green, being the word of the day applies itself to every industry due to regulations and consumer demand for cleaner products. In the case of General Motors (GM), the only green they may ever see could be in the form of the grass that is covering their new home 6 feet under the ground in [...]

Green News: An Green Car Escape to Cleaner Pastures

When many automakers in the United States failed financially, a massive amount of money was spent to keep them afloat. Taxpayers became the partial owners of these blue chip corporations, which included some of the biggest names in the automotive industry. There was however, one brand that refused any real assistance from the U.S. government, [...]

Green eXtreme Racing

When the words “motorcycle racing” are heard, the image of a sleek, powerful and fuel-hungry superbike comes to mind. The kind that Valentino Rossi likes to ride in the Moto GP, or a hopped up street bike popping a wheelie down a vacant street whilst competing with another. While these images of motorcycle racing may [...]

How to boost fuel efficiency? Raise taxes, executives say

According to Reuters, “There’s a simple way to get Americans to drive fuel-efficient cars, according to auto executives, but they are not going to like it — sharply hike the gas tax. While politically unpalatable, gasoline that costs at least $4 a gallon would have a far greater effect on American fuel usage than Washington’s [...]

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