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The right blend of practice and policy can transform the simple act of charging an EV at home into a powerful tool for fleet management.
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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.
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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.
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As cities and corporations accelerate their adoption of electric trucks and buses, AmplyPower, provider of fleet charging solutions, secured $13.2 million in Series A funding from investors, including Soros Fund Management and Siemens.
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The $60 million will support the overall growth of Motiv, including opening a new engineering and manufacturing facility in Detroit as well as facilitate further growth in the large-fleet customer segment.
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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.
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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.
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The investment by IAC makes the media and internet conglomerate the largest shareholder in the peer-to-peer rental company.
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The company has now raised more than $88 million in funding from firms such as Invus Opportunities, Conversion Capital, Enterprise Holdings Ventures, Madrona Venture Group, Maveron, Perot Jain LP, Total Ventures and Vulcan Capital.
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Municipalities and rural electric cooperative utilities can apply for zero-interest financing to purchase electric vehicles or charging infrastructure.
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