Topic: Funding

Image: David Paul Morris/Bloomberg News

GM, Microsoft Lead $2 Billion Funding Round for Cruise

January 19, 2021General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture.

via Transport Topics

Image: Clean Energy

NGVAmerica releases guidance on filing for Alternative Fuels Tax Credit

January 14, 2021After championing the inclusion of an extension of the Alternative Fuels Tax Credit (AFTC) in a combined year-end FY 2021 Omnibus spending and Covid-19 stimulus package in late December, NGVAmerica released updated guidance on filing for the federal tax credit.

via NGV Journal

Image: Daimler AG

Daimler announces massive new investments in EVs, plus a fund to protect workers

January 14, 2021German auto giant Daimler has announced a new plan to invest €70 billion ($85 billion) in “research and development and in property, plant and equipment” between 2021 and 2025, the lion’s share of which will be used “to accelerate the transformation towards electrification and digitization.”

via Charged EVs

Image: NGV Journal

TruStar Energy invests in renewable natural gas for U.S. heavy transport

January 14, 2021TruStar Energy announced a successful 2020 and aggressive growth plans to continue transitioning heavy duty United States transportation from diesel to lower cost, cleaner alternatives.

via NGV Journal

Image: Jim Allen/FreightWaves

California governor proposes $1.5B for clean transportation

January 12, 2021California Gov. Gavin Newsom has released his proposed 2021-22 budget, calling for $1.5 billion to be invested in clean trucks, buses and cars, as well as infrastructure to fuel those vehicles.

via FreightWaves

Image: Malpetr | Dreamstime

‘Clean’ truck initiatives, strong rate environment will continue in 2021

January 12, 2021President-elect Joe Biden has emphasized the importance of achieving net-zero emissions no later than 2050, and the industry will be paying close attention to environmental initiatives that could impact trucking after the Jan. 20 inauguration.

via Fleet Owner

Image: Proterra

Proterra to Take Heavy-Duty Electric Vehicle Business Public via SPAC Transaction

January 12, 2021Proterra, builder of electric buses, heavy-duty vehicle drivetrains, batteries and charging systems, plans to go public on the Nasdaq exchange via a merger with a special-purpose acquisition company, the latest in a string of EV companies seeking access to public market financing to meet growing demand.

via Greentech Media

Image: Lion Electric

School Bus Production to Benefit from Amazon Agreement with Lion Electric

January 11, 2021Amazon and The Lion Electric Company have entered into a master agreement for $1.1 billion in new electric truck purchases that will accelerate the manufacturer’s plans to ramp up total EV production, including that of school buses.

via School Transportation News

Kansas Coalitions Issue RFP Seeking Alternative Fuel Deployments

January 8, 2021The Kansas City Regional and Central Kansas Clean Cities Coalitions, programs of Metropolitan Energy Center, have issued a request for proposals for alternative fuel deployments in Kansas and Missouri.

via https://ngtnews.com/kansas-coalitions-issue-rfp-seeking-alternative-fuel-deployments

CARB approves $29 million investment in two clean-car programs

January 8, 2021The California Air Resources Board has approved $28.64 million in new funding to support two statewide incentive programs aimed at bringing clean vehicle technologies to low-income and underserved communities.

via Charged EVs

Image: Luke Sharrett/Bloomberg News

FHWA Awards Grant Supporting AV Truck Project at Port of Virginia

January 7, 2021The Federal Highway Administration recently awarded $49.6 million to support projects that incorporate transportation-related technologies, including an effort to develop autonomous truck accommodations at the Port of Virginia.

via Transport Topics

Image: Plug Power

Plug Power Raises $1.5B to Tap into Green Hydrogen Economy in Asia

January 7, 2021Plug Power has raised $1.5 billion from South Korea’s SK Group, aimed at boosting hydrogen fuel cells and green hydrogen electrolyzers as a cleaner source of energy for transport and industry throughout Asian markets

via Greentech Media

Image: Rivian Automotive

Rivian Is Close to Raising Funds at $25 Billion Valuation

January 6, 2021Rivian Automotive Inc., the electric truck startup, is close to raising a new round of funding valuing it at about $25 billion, according to people familiar with the matter.

via Transport Topics Online

Cuomo Unveils Plans to Transition New York Transit Bus Fleet to All-Electric

December 30, 2020Gov. Andrew M. Cuomo has unveiled a series of initiatives to increase the number of electric buses in New York as part of the state’s efforts to mitigate climate change, create healthier communities, improve air quality and boost access to clean transportation in underserved communities.

via NGT News

N.Y. Gov. Cuomo Launches Electric Transit, School Bus Program

December 29, 2020Gov. Andrew M. Cuomo announced a series of initiatives to increase the number of electric buses in New York as part of the state’s efforts to mitigate climate change, create healthier communities, improve air quality, and boost access to clean transportation in underserved communities.

via Metro Magazine

What Renewable Energy and Energy Storage Did, and Didn’t, Get from Congress This Week

December 23, 2020Clean energy industry groups are cheering the last-minute inclusion of key tax incentive extensions and billions of dollars in research and development funds that found their way into the $2.4 trillion spending package and coronavirus relief bill passed by Congress.

via Greentech Media