Plug-in hybrid vehicle startup Fisker Automotive has closed its latest equity financing round at $189 million — a major step toward meeting the venture’s cost sharing requirements for green car projects backed by Uncle Sam. Read more »
Zipcar, a decade old startup with the country’s largest car sharing network, has filed with regulators this morning to raise up to $75 million in an initial public offering. Read more »
Here are 10 things you should know about two legislative proposals that could play a big role in how the nascent electric vehicle market takes shape over the next 20 years. Read more »
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Tesla Motors’ road to securing a production facility for its second-generation electric car, the Model S sedan, has been a long and at times bumpy one. Here’s a timeline for how it’s gotten — and plans to get — there. Read more »
As companies across the nascent electric vehicle market seek Chinese allies to gain a foothold in the world’s largest auto market, Indiana-based Ener1 has found itself a new dance partner: the electric vehicle division of Wanxiang, one of the largest auto parts suppliers in China. Read more »
Tesla’s latest filing with financial regulators fills in some of the gaps about its deal with Toyota and plans for the NUMMI facility. Tesla expects to pay about $42 million for the plant. The partnership with Toyota is a very limited one. Read more »
BYD, the China-based battery giant turned electric car developer, has just struck a deal with Germany’s Daimler to form a 50-50 joint venture focused on researching and developing an electric vehicle for the Chinese market, and launching it “as soon as possible.” Read more »
Amyris Biotechnologies has taken one more step toward the long sought goal of commercial scale next-gen biofuel production. The IPO hopeful’s latest filing with regulators shows it has collected its first revenue from a multimillion dollar federal grant awarded late last year. Read more »
One of India’s largest utility vehicle makers, Mahindra & Mahindra, has bought a majority stake in Reva Electric Car Company, a General Motors partner based in Bangalore that makes some of the world’s best-selling small electric cars. Read more »
Nissan chief Carlos Ghosn says “production for 2010 is already sold out” for the electric LEAF. But while reservations for the car have rolled in at breakneck pace, it’s too early to know how many will make the leap to firm orders. Read more »
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Terry McAuliffe’s highest profile fundraising efforts to date have been in the political arena. But now the former Virginia gubernatorial candidate and Democratic National Committee chair, a longtime ally of the Clintons, tells the Financial Times that he hopes to raise up to $1 billion to […] Read more »
Coda Automotive, a California-based electric car startup that has partnered with Chinese battery giant Lishen, plans to apply “soon” for Department of Energy loans. If that funding and state aid comes through, then Coda to build a battery factory in Ohio. Read more »
Expect this summer to be a busy one for Jonathan Silver, the former venture capitalist whom the Obama administration tapped to head up the Department of Energy’s highly competitive loan guarantee and green car loan program. Here’s our interview with Silver: Read more »
Bob Lutz, former vice chairman of General Motors and onetime frontman for the plug-in Chevy Volt, never seemed a likely candidate to spend his retirement laying low and playing golf. Well now we know of at least one of the projects “Maximum Bob” will be taking on: […] Read more »
Google’s web-based energy management tool PowerMeter could gain access to up to a million new users through a new gadget partnership with Current Cost. Read more »
The drumbeat of consolidation in the solar industry continues this morning, as silicon wafer maker and solar project developer MEMC Electronic Materials has just announced plans to acquire Solaicx, an 8-year-old maker of silicon wafers for solar cells. Read more »
In linking with Google Android for a Chevy Volt mobile application, GM has taken an important step to adapt its OnStar service to the specific needs of electric vehicle drivers. Android could eventually take on a much larger role in connected vehicles. Read more »
General Motors moved this week to link its upcoming Chevrolet Volt and in-vehicle communications system, OnStar, with Google navigation tools and smartphones based on the search giant’s Android platform. This marks a key intersection in the trajectories of automakers and Internet giants and could pave the way to much more comprehensive partnerships across previously disconnected industries and systems. Read more at GigaOM Pro »
Tesla Motors, gearing up for an IPO, has heavyweight backers including Uncle Sam and most recently, Toyota. How will the hybrid leader’s vote of confidence in Tesla and the startup’s latest manufacturing plans affect how Tesla fares on Wall Street? Read more »
UPDATED: Electric car startup Tesla Motors plans to buy the NUMMI plant in Fremont, Calif. and start building its Model S sedan there in 2012. Toyota has agreed to partner with the startup and buy a $50 million stake after Tesla’s IPO. Read more »
BrightSource Energy, a developer of utility-scale solar thermal power plants, has raised $150 million in a fourth-round of equity financing. The massive new investment announced this morning puts it in a growing group of greentech startups that have raised more than $300 million. Read more »
With Microsoft’s work with Ford and GM’s recent partnership with Google on the Chevy Volt, it’s looking like automakers are teaming up with various Internet giants. How will the unions play out? Read more »
Bob Lutz — the GM executive who for years denied climate change, made his name with muscle cars and eventually came to champion the Chevy Volt — said GM’s struggles stemmed partly from B-school syndrome: focusing more on making money than great cars. Read more »
Coda Automotive, the startup that aims to build electric cars in China for the U.S. market, has just announced the close of a whopping $58 million Series C round of financing to help launch its first vehicle — the Coda Sedan — in California later this year. Read more »
EcoMotors, a 2-year-old developer of highly efficient engine technology backed by Khosla Ventures, has struck an $18 million deal with automotive supplier Zhongding Holding (Group) Co. and engineering services firm Global Optima. Read more »
Google and GM plan to connect the automaker’s in-vehicle communications system with phones running on Google’s Android operating system, GM announced Tuesday. It all starts with a beefed up app for the Chevy Volt that will use Google tech for location-based services. Read more »
General Motors has stepped back from the financial brink, reporting its first quarterly profit Monday since 2007. These earnings suggest progress toward the turnaround GM mapped out in financial viability plans last year, which played up a role for the Chevy Volt. Read more »
Electrovaya, the Canadian battery maker supplying lithium-ion batteries for Chrysler’s plug-in hybrid truck demo, brought in nearly $1.1 million in revenue during the first three months of this year, compared to just $675,000 in the same period a year earlier. Read more »
Nissan has previously described its upcoming LEAF electric car as being priced for profitability from the get-go. Now the automaker say it expects to initially lose money on the vehicle, at least until it fires up high volume production. Read more »
If 2009 for electric motorcycle startup Mission Motors was about drumming up buzz by racing its plug-in superbike, 2010 holds a different kind of race: to start building bikes and a business with staying power. Read more »
A new research paper shows what kind of havoc a hacker could wreak on vehicles that rely heavily on in-car networks and connect to the web via wireless signals. It’s an issue of growing importance as electric vehicles come into the picture. Read more »
JinkoSolar Holding, a China-based solar manufacturer, priced shares for its IPO and began trading Friday at $11 apiece — the low end of the expected range. In morning trading, Jinko’s stock has dipped as low as $10.80 and hit a high of $11.23. Read more »
General Motors and Chrysler, in their bids for government loans for green car manufacturing, have cleared the hurdle of demonstrating financial viability. Now it’s a matter of showing that their ideas for producing more efficient vehicles are on the cutting edge. Read more »
Navistar today fired up the assembly line for its eStar electric truck at a plant in Indiana’s Elkhart County today, and said it’s delivering the first electric vehicle to be built and deployed with funding from the stimulus-funded battery grant program. Read more »
C3Nano, working on a low-cost coating for more efficient solar panels, won attention from investors, greentech insiders and the Department of Energy this week by winning the $200,000 grand prize in the MIT Clean Energy Prize contest. Read more »
After much ado, Senators John Kerry and Joseph Lieberman on Wednesday unveiled their proposal for a climate and energy bill. The 987-page bill represents a jumping-off point for debate in the Senate over regulations and programs that could shape the greentech market. Read more »
Electric cars and emerging markets: That’s the name of the game for Nissan in the next fiscal year. Reporting a 42.4 billion yen profit for the year ending March 31, Nissan executives emphasized signs of recovery and commitment to greener vehicles Wednesday. Read more »
It’s not just technology advancements that could pave the way to smaller, lighter battery packs in electric vehicles — but also the collection of data as automakers learn more about how these cars perform on the road. Read more »
A123 Systems, the Watertown, Mass.-based battery maker that jump-started a slew of greentech IPO filings with its $371 million public offering last fall, has entered the thick of the long slog to transform an innovative, government-backed startup into a sustainable business that can compete with industry giants. […] Read more »
General Motors and The Gas Company, a natural gas and propane provider in Hawaii, plan to work together on a project testing a new scheme for delivering hydrogen to fuel cell vehicles, the two companies announced on Tuesday. Read more »
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