Volta Energy Solutions Canada battery materials plant on track with CAD 194 million funding On December 15, Volta Energy Solutions Canada (VESC) announced that it has been selected to receive CAD 194 (USD 40 million) from the Supply Chain Resilience Fund, under the Leading Company Supply Chain Resilience program hosted by the Korean Ministry of Economy and Finance. Volta Energy Solutions Canada is an overseas subsidiary of Solus Advanced Materia...

News  Updated at: 2025/12/20

monolithic SoCs. The project unites 18 members, including BMW Group, Renault/Ampere, Stellantis, Valeo, Arteris, Axelera AI, Infineon, Menta, NXP, Tenstorrent, Siemens, TTTech Auto, CEA, CHIPS-IT, imec, and Fraunhofer. It is supported by the Chips Joint Undertaking and its members, including top-up funding by France, Germany, the Netherlands, and the United Kingdom. (From a press release dated December 15, 2025)...

News  Updated at: 2025/12/19

is normalising following August’s cyber incident and, with the manufacture of a new EV model starting this week in Sunderland, the sector can look forward with some optimism. Growth is expected next year, with the industry poised to reap the benefits of recent UK government backing - notably new funding, modernised trade deals and efforts to reduce energy costs. The growth this package seeks to create, however, would be undermined if the UK be...

News  Updated at: 2025/12/19

Oben Electric, India raises INR 850 million pre Series B funding On December 18, Oben Electric raised INR 850 million in a pre‑Series B funding round from several Indian American family offices, along with existing investors, taking its total funding to INR 2.85 billion. The company plans to use the new capital to expand its national retail footprint, increase brand visibility, and accelerate new product development and launches.  The electric...

News  Updated at: 2025/12/18

ration froze the funds at the start of 2025. In June, a federal court overturned the suspension and the government overhauled the program to streamline applications and rules around how the charging money could be deployed. States, in turn, rushed to update the proposals required to get the federal funding. In recent weeks, more than 40 states, including Michigan, have solicited or signed contracts to build new EV charging stations in underserved...

News  Updated at: 2025/12/17

has converted Workshop 7 at its Zona Franca plant in Barcelona into a new facility for dismantling vehicles and recovering parts and components. The site will serve as a hub for recycling and reuse. SEAT & CUPRA invested EUR 4.85 million in the project, with an additional EUR 1.32 million in public funding from the PERTE Circular Economy programme. The facility has already started dismantling pre-series SEAT and CUPRA vehicles. Recovered parts an...

News  Updated at: 2025/12/16

Anaphite, UK, raises investment for LFP cathode and graphite anode dry coating project On December 9, Anaphite raised GBP 1.4 million in funding via the Innovate UK Investor Partnership Programme. The sum comprises GBP 700,000 in grant funding from Innovate UK, alongside GBP 700,000 of aligned investment from venture capital funds Elbow Beach and World Fund. Anaphite will expand its DCP technology platform to enable high-throughput, high-yield pr...

News  Updated at: 2025/12/10

VisIC Technologies, Israel, raises investment from Hyundai and Kia On December 10, VisIC Technologies Ltd. announced the successful second closing of its Round B funding, securing USD 26 million. The round was led by a global semiconductor leader, with Hyundai Motor Company and Kia joining as strategic investors. The lead investor's focus on advancing critical semiconductor technologies complements VisIC's proprietary D³GaN platform. HKMC's part...

News  Updated at: 2025/12/10

The investment in new equipment will bring work currently done in Asia to North America, and make Aisin Canada’s plant in Stratford, Ontario the first outside Japan to build the sunroofs.  The Ontario government said November 5 that it will support the company investment with CAD 2.2 million in funding from the newly created Ontario Together Trade Fund, designed to support local manufacturers threatened by U.S. tariffs. Aisin currently employ...

News  Updated at: 2025/12/10

Gauzy, Israel raises USD 12 million in funding to support operations and growth On December 2, Gauzy announced that it had secured a total of USD 12 million in new cash funding through privately negotiated transactions with existing investors and stakeholders. The funding round was led by Chutzpah Holdings and Orion Infrastructure Capital (OIC), to support the operational objectives of the company and its subsidiaries. The funding is designed to ...

News  Updated at: 2025/12/08

o boost recycling. The Commission will fast-track strategic EU projects to reduce dependencies by up to 50% by 2029. The EU will mobilize up to EUR 3 billion over 12 months to support projects that provide alternative supplies. The Commission, European Investment Bank, and Member States are already funding priority projects. Based on European Commission press release...

News  Updated at: 2025/12/05

TRATON secures EUR 500 million loan from EIB to develop modular platform R&D On December 3, TRATON SE secured a EUR 500 million long-term loan from the European Investment Bank (EIB). The funding will support research and development for the TRATON Modular System (TMS). TMS is a shared, cross-brand platform that standardises vehicle development and production. It helps TRATON’s brands build vehicles more efficiently, at lower cost, and with gre...

News  Updated at: 2025/12/04

Indian electric two-wheeler company Ultraviolette raises investment On December 4, multiple sources reported that Ultraviolette Automotive has raised USD 45 million in its ongoing Series E funding round. The investment comes from Zoho Corporation and Lingotto. The funding will help Ultraviolette expand its F77 and X-47 Crossover lineup and develop upcoming Shockwave and Tesseract platforms. It will also help to advance battery technology, enhance...

News  Updated at: 2025/12/04

recorded for natural gas-powered vehicles. On November 28, German Chancellor Friedrich Merz stated that even after 2035, not only purely electric vehicles but also plug-in hybrids and range extenders should continue to be permitted. The federal government also announced that it will introduce a new funding program so that more private individuals can purchase electric cars in the future. Thanks to these measures, sales of BEVs and PHEVs are expec...

News  Updated at: 2025/12/04

ecast is largely dependent on how the regulatory framework for electric vehicles develops.  The VDIK anticipates the total market will reach around 2.83 million passenger cars by the end of 2025, roughly 13,000 more than the previous year. If the German government agrees to the improvements to the funding framework demanded by the VDIK, the battery-electric vehicle market is expected to grow by around 170,000 vehicles in 2026, reaching approxima...

News  Updated at: 2025/12/03

the full GBP 3,750 Electric Car Grant (ECG). The update doubles the number of EVs eligible for the top discount, giving buyers GBP 3,750 off a total of eight popular models. The government has allocated an extra GBP 1.5 billion in the Autumn Budget. This includes GBP 1.3 billion to increase the ECG funding and extend it for another year, plus GBP 200 million to speed up the installation of chargepoints nationwide. Overall, the UK is investing GBP...

News  Updated at: 2025/12/03

2035, not only purely electric vehicles but also plug-in hybrids and range extenders should continue to be permitted. Highly advanced combustion engines, as demanded by the prime ministers of the countries, are also an option. The federal government will further promote this development with a new funding program so that more private individuals can purchase electric cars in the future. The Chancellor announced that he would contact the Presiden...

News  Updated at: 2025/12/01

Bosch and University of Minho unveil results of “nExt sense” project for connected driving On November 27, 2025, Bosch and the University of Minho presented the results of the “nExt sense” project for connected driving at the event “Driving the Future – Beyond Innovation”. Developed in Portugal, the project involved a total investment of over EUR 14 million and received funding under the COMPETE 2020 program. It focused on developin...

News  Updated at: 2025/12/01

Neuron Energy, India raises pre-series B funding for EV battery plant expansion, plans to enter four-wheeler segment On November 27, Neuron Energy, a manufacturer of batteries for two- and three-wheelers, raised INR 310 million in a Pre-Series B funding round to scale up battery manufacturing. The round was led by Equanimity Ventures, the Rajiv Dadlani Group, the Thackersay Family Office, and the Chona Family Office, along with other family offic...

News  Updated at: 2025/11/28

es for the upcoming robotaxi service. The company is currently focused on ongoing testing of its autonomous driving systems in Zagreb, along with other preparations for a service launch planned for spring 2026. As part of the National Recovery and Resilience Plan (NRRP), Project 3 Mobility received funding for “Research, development and production of new mobility vehicles and supporting infrastructure,” and this prototype phase is a key measu...

News  Updated at: 2025/11/28