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Nel to invest in Nikola Motor Company

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Nikola aims to develop hydrogen-electric technology for heavy duty vehicles Nel has invested US$5 million into Nikola Motor Company as part of their C-round financing. On August 6, 2018, Nikola announced that they had secured a US$100-million investment (pre-money valuation of US$1.1 billion) in the current C-round and that the …

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New York governor to invest Volkswagen settlement in clean vehicles

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The funds will provide for new electric buses and charging infrastructure New York Governor Andrew Cuomo has announced that the state will utilise the US$127.7 million received from the 2016 Volkswagen settlement to dramatically increase the number of electric vehicles and other clean vehicles in the state. Covered vehicles include …

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Scotland to provide additional funds for low carbon programme

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The funding will be spent on electric buses and charging infrastructure Scottish First Minister Nicola Sturgeon has announced a GBP16.7 million (US$21.4 million) of additional funding to help Scotland lead the way in transforming to a low carbon country. Last year’s Programme for Government committed to set ambitious targets to …

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Ballard to divest non-core power manager business

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Ballard will keep some of its fuel cell assets Ballard Power Systems has entered into a definitive agreement to divest certain non-core assets of its subsidiary, Protonex, related to the power manager business, to Revision Military, a private US-based company, for up to US$16 million in cash. Ballard will retain …

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Testing begins at world’s first ‘emission-free’ quarry

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The new technology will help the quarry reduce carbon emissions by 95% Volvo Construction Equipment and its customer Skanska have begun testing the viability of its Electric Site concept. The system, which incorporates electric and autonomous Volvo machines, will run in a real production environment for 10 weeks – delivering …

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Greaves Cotton to acquire majority stake in electric vehicle company Ampere

An Ampere V48 scooter

Ampere Vehicles makes EVs for last mile mobility Greaves Cotton, one of India’s leading diversified engineering companies, has entered into definitive agreements to acquire a majority stake in EV company Ampere Vehicles, subject to customary closing conditions. This acquisition will accelerate the development of clean energy technology solutions for mobility …

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AEE applauds passage of landmark California EV infrastructure bill

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The bill will help meet the California governor’s plan to put 5 million zero-emission vehicles on the state’s roads by 2030 US business group Advanced Energy Economy (AEE) has applauded California legislators for passing a landmark electric vehicle charging infrastructure bill, AB 2127, which is designed to accelerate deployment of …

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