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Okinawa discontinues lead-acid battery scooters to sell lithium-ion Version

10Dec By AdityaNo Comments

Automobile

Okinawa discontinues lead-acid battery scooters to sell lithium-ion Version

New Delhi, Dec 10, 2020: Electric two-wheeler maker Okinawa discontinued the sale of lead-acid battery-based scooters and will be focusing on the lithium-ion versions only. The startup started its journey in the country with the lead-acid scooter Okinawa Ridge and had later introduced four lead-acid scooters in three years. Gradually, the brand moved on to the lithium-ion detachable battery-equipped e-scooter versions, which received overwhelming response due to better technology and addressed the charging problem of the users. "We are shifting to 100 per cent lithium-ion battery pack based two-wheelers. When we launched the brand, lead acid was the most advanced option available in the market. Now, with rigorous growth of the industry and the brand, we have taken a step ahead and...

Nikola Founder Resigned Amid Allegations

21Sep By AdityaNo Comments

News

Nikola Founder Resigned Amid Allegations

FRANKFURT, Germany (AP)— Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid allegations of fraud - just two weeks after signing a $2 billion partnership with General Motors. The company said late Sunday that Trevor Milton resigned and the departing executive chairman said he would defend himself against accusations that the company made false claims about its vehicles, allegations Nikola rejects. Milton said in a message to Nikola employees that he was stepping aside because “the focus should be on the company and its world-changing mission, not me.” Shares in the company based in Phoenix, Arizona, were off 30% in premarket trading. A report from Hindenburg Research from Sept. 10 said the company's success was “...

Swedish startup Volta unveils electric truck

3Sep By reutersNo Comments

Automobile

Swedish startup Volta unveils electric truck

STOCKHOLM, Sept 3, 2020: Swedish startup Volta Trucks unveiled its Volta Zero, a 16-tonne electric truck, with plans to start production in 2022 in the United Kingdom. Following the success of companies such as Tesla in popularising electric cars, electric trucks have also been getting a lot of attention from existing players such as Volvo and Daimler and startups like Rivian and Nikola. Trials will start next year with parcel delivery companies such as DPDgroup in the UK and other firms in Europe and Volta aims to put 500 vehicles on the road by 2022, CEO Rob Fowler told Reuters. "We are also well progressed with another seven or eight customers," he said. The company said the first Volta vehicle was manufactured by Prodrive in Warwick, England, and it is in discussion with a ...

Bolt Bikes Raises $11 Million, Rebrand to Zoomo

25Aug By NitishNo Comments

FUNDING

Bolt Bikes Raises $11 Million, Rebrand to Zoomo

NEW YORK, 24th Aug 2020-- Bolt Bikes, the mobility startup raises USD $11 million to invest in expanding its operations in the United States and move into new categories globally. Along with the capital raise, the Australia-based startup is also announcing a rebrand with a new name, Zoomo, and a new logo. The Australian Clean Energy Finance Corporation (CEFC) led the capital raise with a USD $5 million equity investment. Equity investment from Hana Ventures and existing investors Maniv Mobility and Contrarian Ventures, together with venture debt from OneVentures and Viola Credit, completed the capital raise. Zoomo will use the capital to launch a flagship brick-and-mortar operation in Los Angeles and expand its New York footprint to include services across the entire city. The st...

Nikola Receives 2,500 Electric Waste Truck Orders From Republic Services

11Aug By AdityaNo Comments

Automobile

Nikola Receives 2,500 Electric Waste Truck Orders From Republic Services

Order includes 2,500 electrified chassis, with the option to increase the order up to 5,000 unitsLargest single order in the waste industry and signals Republic Services' commitment to zero-emission vehiclesOn-road testing likely to begin in early 2022, with full production shortly afterThe truck chassis and body will be provided directly to Republic Services from the Nikola factoryThe electric platform is expected to offer up to 150 miles and 1,200 cans on a single chargeZero-emission trucks expected to outperform diesel or natural gas options in horsepower and torqueWill result in a much quieter and emission-free refuse collection experience PHOENIX, Aug. 10, 2020 -- Nikola Motor announces a minimum order of 2,500 electrified refuse trucks from Republic Services, expandable up to 5,00...

Nissan Launched its First Electric SUV “The Ariya”

15Jul By AdityaNo Comments

Automobile

Nissan Launched its First Electric SUV “The Ariya”

TOKYO, 15th July 2020 – Nissan unveiled its First electric SUV the Ariya, coming with twin electric motors, an estimated 300 miles of range. The starting price of the SUV is $40,000 and it will be sold in Japan in mid-2021. Representing the pinnacle of Nissan’s technologies and design, the 100% electric Nissan Ariya debuted during a digital event in Yokohama. The model is a major step in Nissan’s transformation as the company refocuses on key strengths, including electrified vehicles and SUVs. “We created the Nissan Ariya as an answer to the aspirations and practical needs of today’s customers,” said Nissan CEO Makoto Uchida. “Combining our strengths in EVs and crossovers, it’s a showcase for Nissan’s new era of excitement and design.” The Ariya sets the pace for Nissan’s plan...

11Jul By AnkitaNo Comments

FUNDING

EV Automobile Company Rivian raises $2.5B in funding

Detroit, 11th July 2020: Tesla rival electric vehicle startup Rivian raises another USD 2.5 billion in funding led by funds and accounts advised by investment firm T Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Illinois. Rivian also is rolling out a pickup truck and an SUV for sale to consumers next year. The company said Friday that investors in this round include Soros Fund Management, Coatue, Fidelity Management, and Research, and Baron Capital Group. Amazon and hedge fund BlackRock have invested previously and also are part of this round, Rivian said. The new investment won't bring any more seats to the Rivian board, the company said. In April of 2019, Ford in...

Germany becomes first country to phase out coal and nuclear

7Jul By AdityaNo Comments

News

Germany becomes first country to phase out coal and nuclear

Berlin, Jul 7, 2020: German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough and free marketeers criticize as a waste of taxpayer's money. Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros ($45 billion) to help affected regions cope with the transition. The plan is part of Germany's ''energy transition'' an effort to wean Europe's biggest economy off planet-warming fossil fuels and generate all of the country's considerable energy needs from renewable sources. Achieving that goal is made harder than in comparable countries such as France and Britain because of Germany's exist...

Echo3: An EV Company that Brings Electric Vehicles Within Reach of the Masses

30Jun By AdityaNo Comments

Automobile

Echo3: An EV Company that Brings Electric Vehicles Within Reach of the Masses

DENVER, June 29, 2020 -- Echo3, the electric automobile company, is bringing electric vehicles to the masses much in the way Henry Ford's Model T did from 1908 to 1927. The First Model T became available in October 1908. The Model T is the 3rd most selling automobile of all time selling 16.5 million automobiles primarily for two reasons, affordability, and new technology. The Model T touring sedan cost $825 in 1908 or about $22,991.85. The $825 price tag made the Model T within reach of middle class Americans. The turn of the century saw the country fascinated with new technology and the Model T brought the technology coast to coast. Fast forward to 2020 and Denver-based Echo3 Energy is responding to the need for ...

Kia, Hyundai and LG Chem join hands to invest in EV Startups

24Jun By PriyankaNo Comments

Automobile

Kia, Hyundai and LG Chem join hands to invest in EV Startups

New Delhi, June 23, 2020: South Korean automakers Hyundai Motor Company and Kia Motors Corporation, along with LG Chem announced a global competition to identify up to 10 electric vehicle and battery startups for potential investment and collaboration. New Energy Nexus, the international startup support organization, will manage and facilitate the competition ''EV & Battery Challenge (EVBC)'' the companies said in a joint statement. The chosen startups will have the opportunity to work hand-in-hand with Hyundai, Kia, and LG Chem, to develop proof-of-concept projects while leveraging the sponsors'' technical expertise, resources and laboratories, they added. "The global competition offers startups the opportunity to showcase their respective innovative technologies and unique b...

Ola Electric acquires Etergo, Will Launch its Electric Scooter Globally

28May By NitishNo Comments

ACQUISITION

Ola Electric acquires Etergo, Will Launch its Electric Scooter Globally

Bengaluru, 28 May 2020: Ola Electric announced the acquisition of Etergo BV, an innovative electric scooter based out of Amsterdam, the Netherlands. With this acquisition, Ola Electric has also announced its entry into the premium electric two-wheeler market, both globally and nationally. Founded in 2014, Etergo has developed an all-electric state-of-the-art AppScooter, which has won multiple awards across the world for its innovative design and engineering at CES 2019 and Automotive Brand Contest, Germany amongst others. First revealed in 2018, the AppScooter uses swappable high energy density batteries to deliver a range up to 240km and class-leading acceleration. Electric two-wheelers are the most efficient and cleanest solution for urban mobility, which wi...

France Injects USD 8.8 billion in Electric Car Industry

27May By PriyankaNo Comments

Automobile

France Injects USD 8.8 billion in Electric Car Industry

Paris, May 27 (AP): France is injecting more than USD 8.8 billion to save the country's car industry from huge losses wrought by virus lockdowns, and wants to use the crisis to make France the No. 1 producer of electric vehicles in Europe. Starting next week, consumers can get up to 12,000 euros from the government for buying an electric car under the “historic” plan unveiled Tuesday by French President Emmanuel Macron. “Our country wouldn't be the same without its great brands Renault, Peugeot, Citroen,” Macron said, decrying an “unprecedented crisis” for the industry that has seen production plunge more than 90 percent in France alone. Carmakers and governments around the world are grappling with similar losses. Politicians are divided over whether and how to bail out an industr...