Oben Electric, India raises INR 500 million in extended series A, plans global expansion On June 18, Oben Electric, an electric motorcycle manufacturer, announced it had raised an additional INR 500 million in May 2025 as part of an extended Series A funding round. This comes after an INR 500 million Series A raise in January 2025, bringing the total Series A funding to INR 1 billion and overall funding raised to INR 2 billion. The latest round s...

News  Updated at: 2025/06/18

Rock Tech receives European funding to lead Lithium Refining Innovation project On June 11, Rock Tech Lithium Inc. announced that it has been selected for funding under the KAVA (Knowledge and Innovation Activities) grant program by EIT RawMaterials. It is the first funding awarded after Rock Tech's Lithium Hydroxide Convertor Guben (LHCG) project has been recognized as a strategic project under the Critical Raw Materials Project by the European ...

News  Updated at: 2025/06/11

used VC fund, British International Investment, U.K.’s dfi, and existing investor, Blume Ventures. This investment will support Vecmocon’s efforts to expand its market presence and focus on advancing capabilities in embedded design, power electronics, IoT, and data science etc. A portion of the funding will also support team expansion and the establishment of international-standard R&D infrastructure for the electric-automotive sector. Based ...

News  Updated at: 2025/06/10

ZF secures GBP 432,000 funding from Welsh Government to modernize Pontypool plant, UK ZF Automotive UK Ltd., a subsidiary of ZF Friedrichshafen AG, announced that the Welsh Government’s Economy Futures Fund will provide GBP 432,000 to modernize a production line at its plant in Pontypool, which primarily manufactures brake calipers. This upgrade will help secure new business with Jaguar Land Rover and safeguard over 60 jobs. This funding will a...

News  Updated at: 2025/06/10

corded a gross loss of THB 372.68 million. Nex Point’s main products are electric buses, pickups, trucks and tractors. With demand for commercial EVs on the rise, driven by the broader adoption of ESG principles, the company sees strong growth potential. Supportive regulations, improved access to funding, and advancing technologies are accelerating the transition to battery-powered fleets. Nex Point is also actively seeking new partners in the ...

News  Updated at: 2025/06/10

UK Government unveils GBP 15.6 billion local transport investment across city regions On June 4, the UK government announced the first major investments from its Spending Review, with GBP 15.6 billion going to local transport projects across England’s city regions, including South Yorkshire, the North East, East Midlands, and Tees Valley. This funding, which more than doubles current capital spending by 2029/30, will help local leaders improve ...

News  Updated at: 2025/06/09

Believ, UK secures GBP 300 million of funding to add 30,000 public EV charging stations On June 6, Believ, the Electric Vehicle (EV) charge points operator (CPO), secured a GBP 300 million investment facility to install at least 30,000 charge points, boosting access to public EV charging across the UK.  The funding is led by Believ’s joint owners, Liberty Global and Zouk Capital, alongside four retail and infrastructure financing banks – San...

News  Updated at: 2025/06/09

Scotland offers GBP 20 million in support low-income households and businesses to buy EVs On May 28, the Scottish Government announced that it would provide over GBP 20 million in 2025–26 to help lower-income households and businesses buy EVs. Since 2011, Scotland has supported EV adoption through funding and has invested over GBP 65 million in public charging stations, encouraging more people and businesses to switch to EVs. In 2025–26, fund...

News  Updated at: 2025/06/02

UK based EV data startup Volteras raises funding On May 29, Volteras closed a USD 11.1 million Series A funding round. It got investment from Union Square Ventures and included participation from fleet card providers Wex and Edenred, alongside existing investors, Exor and Long Journey Ventures. Volteras is the premier data streaming platform for the energy ecosystem, connecting vehicles, chargers, and energy devices. With 30 OEM collaborations, V...

News  Updated at: 2025/05/30

Zero Carbon Charge, South Africa secures investment from DBSA for charging infrastructure On May 26, Zero Carbon Charge (CHARGE), South Africa’s first company to develop a national network of off-grid, solar-powered ultra-fast electric vehicle (EV) charging stations, announced a ZAR 100 million equity investment from the Development Bank of Southern Africa (DBSA). The funding will enable the rollout of CHARGE’s ultra-fast charging stations ev...

News  Updated at: 2025/05/29

President, significant progress was reported on Indonesia’s cooperation with Chinese battery giant CATL, a key part of the country’s strategy to develop a comprehensive EV battery ecosystem. Danantara, as a sovereign wealth fund, was highlighted for its financial support in overcoming previous funding challenges and strengthening Indonesia’s position in the project. The project is viewed as promising, with strong potential for returns, job...

News  Updated at: 2025/05/27

U.S. House approved tax bill includes auto loan interest deduction on U.S.-made cars The comprehensive tax and funding bill passed by the U.S. House on May 22 would allow a tax deduction on up to USD 10,000 in auto loan interest per year for the 2025 to 2028 tax years, seen as another incentive, beyond tariffs, to purchase domestically made vehicles. Only vehicles assembled in the U.S. would qualify for the tax breaks. The pool of eligible vehicl...

News  Updated at: 2025/05/24

nsaction.  Bajaj is moving from being a small investor to becoming the majority owner of KTM globally. Bajaj will keep growing KTM’s business in India, where the two companies jointly develop, produce, and sell bikes, both in India and to 80 countries around the world. BAIHBV has arranged a debt funding package of EUR 800 million to enable the continuity of the KTM business. Of this, EUR 200 million has already been infused into the company so...

News  Updated at: 2025/05/23

SparkCharge raises USD 30.5 million for mobile EV charging expansion On May 21, SparkCharge, the world’s largest off-grid EV fleet charging network and creator of the first mobile, off-grid EV charger, announced the close of a USD 15.5 million Series A-1 funding round led by Monte’s Fam and USD 15 million venture loan facility provided by Horizon Technology Finance Corporation, totaling USD 30.5 million. SparkCharge will use the funding to ex...

News  Updated at: 2025/05/23

IONITY, Germany secures EUR 600 million in funding for charging infrastructure On May 15, IONITY secured a financing of up to EUR 600 million, including EUR 450 million in committed green loan facilities and a so-called accordion facility with the option to increase the credit line by up to EUR 150 million later for future growth. This loan transaction was provided by nine leading international commercial banks. IONITY will invest the new capital...

News  Updated at: 2025/05/19

Euler Motors, India raises INR 6.38 billion in series D round led by Hero MotoCorp On May 19, Euler Motors announced the closure of its Series D funding round, raising a total of INR 6.38 billion. The funding was led by Hero MotoCorp, along with participation from existing investor British International Investment (BII), the UK’s development finance institution. Euler Motors stated that the proceeds from this round will be directed towards expa...

News  Updated at: 2025/05/19

s about the status of the project other than to say it has not been cancelled. Piston declined to comment. GM was among several manufacturers to be awarded a part of USD 750 million by the U.S. Energy Department in 2024 under then-President Biden to boost hydrogen fuel cell production. Some of that funding, which GM has yet to receive and is in question under the Trump administration, was directed toward tooling at the plant. The plant was intend...

News  Updated at: 2025/05/14

upcoming range of electric scooters. The system has been developed to address safety concerns specific to two-wheelers operating in Indian traffic conditions. The announcement also marks the first instance of a vision-based ADAS being applied to two-wheelers in the Indian market. Bytes has received funding and support from organisations including WTFund, IIT Mandi Catalyst, IIT Mandi iHub, HCi Foundation, Startup Karnataka, NSRCEL, and Rx100 Vent...

News  Updated at: 2025/05/13

South Korea’s Top Material participates in Forge Nano’s investment round Several South Korean media sources reported that South Korea’s secondary battery material manufacturer, Top Material Co., Ltd., has participated in the funding round for Forge Nano, Inc., a US-based nano-coating technology company. Forge Nano has developed a technology based on its atomic layer deposition (ALD) technology to apply atomic-level coating to the surface of...

News  Updated at: 2025/05/13

illion represented a decrease of USD 0.2 million compared to Q1 2024, and net loss from operations was USD 43.8 million, similar to USD 43.6 million in Q1 2024. In capital and investor relations, FF received USD 20 million from a prior financing round and secured an additional USD 41 million in new funding, crucial to supporting FX ramp-up, AI R&D, and market expansion.It’s net assets of USD 139.8 million in Q1, increased by USD 24.8 million, o...

News  Updated at: 2025/05/13