Comments on: As Green Car Loan Funds Dwindle, What's Plan B for Startups?

By: GM, Chrysler’s Green Car Loan Bids Inch Forward, Face Upstart Competition

GM, Chrysler’s Green Car Loan Bids Inch Forward, Face Upstart Competition — Fri, 14 May 2010 07:01:40 +0000

[...] than 100 companies have requested loans under ATVM, including many startups facing a potential cash crunch for their manufacturing plans. At the same time, the Detroit News reports that several of the [...]

By: Think Adds $40M for Electric Cars, Ener1 Ups Investment

Think Adds $40M for Electric Cars, Ener1 Ups Investment — Mon, 10 May 2010 22:27:50 +0000

[...] Think, which formed a U.S. joint venture two years ago with Kleiner Perkins and RockPort, has requested low-interest loans under the Department of Energy’s Advanced Technology Vehicles Manufacturing Program. Canny said in an interview today that while he didn’t want to speculate on a timeline for when DOE funds might come through, Think is “very happy with the level of engagement” it’s seeing at the agency. According to a release from the company this afternoon, Think has “recently completed the initial phase of due diligence” in the loan application process. [...]

By: Ener1 Sees “A Lot to Prove in 2010,” Banking on Loan

Ener1 Sees “A Lot to Prove in 2010,” Banking on Loan — Fri, 12 Mar 2010 00:57:39 +0000

[...] Based in Indiana, Ener1 holds a 31 percent stake in electric vehicle maker Think, which has made EnerDel the exclusive battery supplier for its electric two-seater in the U.S., slated to launch later this year. But both Think and Ener1, which scored a $118.5 million award under the Department of Energy’s highly competitive battery grant program last year, are hoping for government funding to help make that happen. [...]

By: Ener1 Sees “A Lot to Prove in 2010,” Banking on Loan

Ener1 Sees “A Lot to Prove in 2010,” Banking on Loan — Fri, 12 Mar 2010 00:57:38 +0000

By: Aptera Faces More Than Leadership Troubles After Founders’ Official Exit

Aptera Faces More Than Leadership Troubles After Founders’ Official Exit — Thu, 04 Feb 2010 17:48:17 +0000

[...] of the $75 million it’s requested is a long shot. To start, the program’s current budget simply won’t be enough to cover the more than 90 projects that have reportedly requested funding. In addition, as Lux [...]

By: Nissan Closes $1.4B DOE Loan for Electric Car Plant

Nissan Closes $1.4B DOE Loan for Electric Car Plant — Thu, 28 Jan 2010 18:39:06 +0000

[...] Motors and Ford — and now Nissan. But for other outstanding applicants, many of which are facing a potential cash crunch for their manufacturing plans, the wait [...]

By: Mount Comfort!: EnerDel to Funnel $237M Into Third Indiana Battery Plant

Mount Comfort!: EnerDel to Funnel $237M Into Third Indiana Battery Plant — Thu, 21 Jan 2010 20:08:29 +0000

[...] the DOE’s Advanced Technology Vehicles Manufacturing program, it’s still waiting (like so many other companies in the green car space). Caroll told us today that EnerDel does not expect to win the full requested amount at this point, [...]

By: V-Vehicle Update: Testing a Prototype, Still Hoping for Federal Funds

V-Vehicle Update: Testing a Prototype, Still Hoping for Federal Funds — Tue, 19 Jan 2010 18:44:18 +0000

[...] startup has plenty of company in the waiting game. More than 90 projects have reportedly requested funding under the DOE’s Advanced Technology [...]

By: Life After Fisker: What’s Next for EnerDel?

Life After Fisker: What’s Next for EnerDel? — Fri, 15 Jan 2010 23:01:02 +0000

[...] But while Think has dreams of building out U.S. manufacturing and launching its Think City in North America as early as this year, whether that plan comes through, and in what form, will depend in part on how the feds allocate a shrinking pile of funds for green car manufacturing. [...]

By: Think Picks Indiana for Electric Car Plant

Think Picks Indiana for Electric Car Plant — Tue, 05 Jan 2010 21:11:36 +0000

[...] Program is “active,” according to today’s announcement, but like so many startups pinning hopes on a shrinking pile of DOE funds, it has yet to receive a final answer. As Think CEO Richard Canny told the Green Inc. blog today, [...]

By: Top 15 Stories from 2009 | Earth2Tech «

Top 15 Stories from 2009 | Earth2Tech « — Mon, 04 Jan 2010 20:29:22 +0000

[...] As Green Car Loan Funds Dwindle, What’s Plan B for Startups? As we move into 2010 and the DOE has already handed out a big chunk of the green car loan funds, what are the options left out there for all those green car startups that are struggling? [...]

By: EnerDel Scales Back Battery Plant Plans

EnerDel Scales Back Battery Plant Plans — Mon, 04 Jan 2010 18:51:24 +0000

[...] a separate DOE program — the green car loan program, through which many startups remain in a waiting game for the government’s shrinking pile of funds. Gassenheimer said in a November earnings call that he expected to announce federal loans [...]

By: Our Favorites: Top 15 Earth2Tech Stories from 2009

Our Favorites: Top 15 Earth2Tech Stories from 2009 — Fri, 01 Jan 2010 08:02:46 +0000

By: 9 Plug-in Cars Hitting the Road in 2010

9 Plug-in Cars Hitting the Road in 2010 — Thu, 24 Dec 2009 20:01:36 +0000

[...] Norway-based Think has long intended to bring its vehicles to the U.S., and last spring it formed a 50-50 North American joint venture, initially planning a U.S. launch for 2009 (financial troubles set it back). Now the company is finalizing site selection for a U.S. factory and hoping for government funds. [...]

By: Felicia Montrose

Felicia Montrose — Sun, 13 Dec 2009 17:02:58 +0000

The money is there. If you Google: "Siry Slams DOE Loan Program For “Stifling Innovation”" and read the top 10 links and comments you will see that there was corruption in the treatment of the money for the Detroit car companies and now there are investigations. The DOE money has been frozen while the insider deals are tracked back. It will restart next year, hopefully after a few people in Washington have been kicked to the curb.

By: Earth2Tech Week In Review

Earth2Tech Week In Review — Sat, 12 Dec 2009 20:01:22 +0000

[...] As Green Car Loan Funds Dwindle, What’s Plan B for Startups? The flood of funding from the Department of Energy’s $25 billion Advanced Technology Vehicles Manufacturing loan program has slowed to a trickle in recent months. . . And as startups who applied and have yet to receive funds now wait on a final yea or nay from the DOE, many of the applicants are facing a potential cash crunch for their manufacturing plans. [...]