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.
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.
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.
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.
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.
The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75% on Wednesday, but hinted at a possible rate hike in June with inflation creeping closer to its 2% goal.
WASHINGTON - Burger King Corp. continues its partnership with the American Red Cross by offering customers the opportunity to help purchase emergency response vehicles.
WASHINGTON - Funding is available to state and local government agencies and certain non-profit organizations on a cost-sharing basis in Calaveras, Imperial, Los Angeles, Riverside, San Bernardino, and Siskiyou counties for eligible recovery projects.
SACRAMENTO, CA - As of Feb. 12, approximately $11 million is left in the California Hybrid Voucher Incentive Program. All fleets with trucks operating in California are eligible for up to 100 vouchers each, on a first-come, first-served basis.
WASHINGTON - The U.S. Department of Energy (DOE) has selected nine projects totaling more than $187 million to improve fuel efficiency for heavy-duty trucks and passenger vehicles.
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