uck parts. Developed by Swedish start-up Reselo, the material could lower the carbon footprint of rubber used in commercial vehicles. Birch bark is usually burned as waste, but this project gives it a new purpose. The idea gained traction after a pitch at KTH Royal Institute of Technology, and with funding from Vinnova, Sweden’s innovation agency, the timing was right for Scania to move forward. Scania is working with supplier AnVa Polytech, wh...

News  Updated at: 2025/05/02

Li-Cycle undertaking process to seek buyers for its business or assets On May 1, Toronto, Canada-based Li-Cycle Holdings Corp. announced that despite its current efforts to raise funding, it requires additional financing to meet its obligations and repay liabilities arising from the ordinary course of business operations when they become due in order to continue as a going concern. Considering the company’s current circumstances, Li-Cycle says ...

News  Updated at: 2025/05/02

ed by USD 11.5 million sponsorship from Epsilon. The institute will collaborate with various departments and research centers at Tufts, including the Tufts Institute for AI (TIAI), and will engage with industry partners to address applied challenges in energy and materials. The sponsorship includes funding for three new faculty positions and seed funding to support future projects. Based on the Epsilon press release...

News  Updated at: 2025/05/01

ude CTAG, Aimen, EnergyLab, Gradiant, the University of Vigo, and SMEs such as Unimate and Probotec. It is co-funded by the Xunta de Galicia under the Fábrica Intelixente e Sustentable Programme. Since starting in 2023, the project has produced 12 patents and led to innovations that support future funding opportunities. It will run until September 2026. Based on Stellantis press release...

News  Updated at: 2025/05/01

o install more than 10,000 additional electric vehicle (EV) charging points across the region’s roadsides. Currently, there are over 4,000 publicly accessible chargers across the region’s road network.  Transport for West Midlands (TfWM), in partnership with local councils, is using government funding to expand the charging network significantly over the coming years. The rollout will also include nearly 200 ultra-fast charging points at nin...

News  Updated at: 2025/05/01

FIOM-CGIL union calls for urgent action to protect jobs and revive Italy’s auto industry amid EU funding gaps and U.S. tariffs On April 23, the FIOM-CGIL union urged for changes to the European instrument for temporary Support to mitigate Unemployment Risks in an Emergency (SURE) to help manage the crisis, protect jobs by halting layoffs, and support the green and tech transition during the 10th Commission for Productive Activities of the Chamb...

News  Updated at: 2025/04/24

POSHS Metal Industries, India raises USD 5 million from Aavishkaar Capital to expand Aurangabad facility On April 22, POSHS Metal Industries Pvt. Ltd. raised USD 5 million in funding from Aavishkaar Capital. The investment will support the company’s expansion plans at its Aurangabad manufacturing facility, strengthen its position in the auto-grade steel sector, and improve operational efficiency to meet increasing demand from automotive manufac...

News  Updated at: 2025/04/23

an R1T pickup. With development starting out of an entity named Re:Car, the company has Amazon.com founder Jeff Bezos serving as a key investor, along with Los Angeles Dodgers owner Mark Walter and investor Thomas Tull. Slate Auto is said to have already secured at least USD 111 million in Series A funding, with even more coming through a subsequent Series B round. Slate Auto will launch first with an affordable, high-volume model which owners wi...

News  Updated at: 2025/04/18

Fraunhofer IISB, Germany opens new research center for contactless energy transfer for EVs On April 11, 2025, Fraunhofer IISB, one of Europe's leading research institutions, announced that the Bavarian Minister of Economic Affairs had opened the new Fraunhofer IISB technology center for research into contactless energy transfer for electric vehicles and presented the funding certificate. The E|Road Center will create a research hub for electrifyi...

News  Updated at: 2025/04/17

Grupo Antolin receives funding for eco-design and HMI projects under PERTE VEC 1 Grupo Antolin-Irausa, S.A. (Antolin) announced that Grupo Antolin Ingeniería has participated in Spain’s Strategic Project for Economic Recovery and Transformation in the Electric and Connected Vehicle Sector (PERTE VEC 1). The company has secured a total of EUR 652,262 in aid in two projects: (i) A project for an eco-design of a door module using sustainable mate...

News  Updated at: 2025/04/17

Nyobolt, UK raises investment to develop fast-charging battery technology On April 16, Nyobolt raised USD 30 million in funding, led by IQ Capital and Latitude, the sister fund of LocalGlobe, with strategic partners including Scania Invest and Takasago Industry. The investment, including from partner Scania Invest, will support the ongoing deployment of Nyobolt’s high-power density, fast-charging battery technology in production vehicle applica...

News  Updated at: 2025/04/16

Nuro raises USD 106 million for scaling AI-based self-driving platform On April 9, self-driving tech startup Nuvo Inc. announced it raised USD 106 million in a Series E round from a mix of new and returning investors which will enable it to scale its AI-based technology platform and advancing commercial partnerships. The round brings Nuro's total funding to USD 2.2 billion to date. The Series E funding will support Nuro's next phase of growth.  ...

News  Updated at: 2025/04/16

Vianode, Norway secures NOK 400 million loan to boost R&D and strengthen EV battery value chains On April 14, Vianode, an advanced battery materials company, announced that it has received a NOK 400 million loan commitment from Innovation Norway. The funding will be invested in Norway to enhance Vianode’s research and development efforts and support the creation of regional high-performance, low-emission EV and battery value chains. The loan wi...

News  Updated at: 2025/04/15

BASQUEVOLT, Spain raises EUR 10 million investment On April 8, BASQUEVOLT announced that its newly appointed CEO met with the Basque Government’s Minister of Industry, Energy Transition, and Sustainability to discuss the new phase for the company. BASQUEVOLT has recently secured EUR 10 million in funding from Ekarpen, Stellum, and CDTI Innvierte. In this new phase, it is strengthening its industrial plans focused on the Basque Country and getti...

News  Updated at: 2025/04/14

00 new public electric vehicle (EV) charge points across the county in partnership with operator Believe. The county council has made this project possible with a GBP 5.3 million bid to the government’s Local Electric Vehicle Infrastructure (LEVI) fund. This roll-out will use a proportion of this funding with a further GBP 16 million of funding provided by the operator, Believ. The majority will be bollard-style units at the kerbside, suitable ...

News  Updated at: 2025/04/14

Wrightbus, UK announces GBP 25 million investment to develop next-gen zero-emission buses On April 11, Wrightbus announced a GBP 25 million investment to develop the next generation of zero-emission buses. The funding will accelerate the development of electric and hydrogen-powered vehicles, create high-quality jobs, and strengthen the UK’s clean transport sector. The investment includes GBP 10 million to develop the StreetDeck Electroliner, an...

News  Updated at: 2025/04/14

g its 14,000 vehicles to a fully electric fleet by 2040, according to its website. Hybrid and electric vehicles make up more than 10% of its total vehicles. GM produces BrightDrop 400 and BrightDrop 600 vans at the CAMI, plant which required massive investment to retool for EV production, including funding support from both governments. The plant has 1,300 employees. Inventory of the slow-selling delivery vans has built up on both sides of the U....

News  Updated at: 2025/04/12

GreenLine Mobility, India to raise USD 275 million, plans major LNG and EV trucking expansion On April 7, GreenLine Mobility Solutions, a logistics company backed by the Essar Group, announced plans to raise USD 275 million in equity from promoters and private investors, including Zerodha co-founder Nikhil Kamath, at an undisclosed valuation. The funding is part of a larger USD 1 billion investment. Based in Mumbai, GreenLine currently operates a...

News  Updated at: 2025/04/11

UK announces funding for 319 new green buses On April 8, the UK Government announced that it will invest nearly GBP 38 million to bring 319 new zero-emission buses by spring 2027 to communities across England. The funding has been allocated to 12 local authorities across England. For every pound of government funding, at least GBP 3 in private investment will be added. The funding will create jobs in engineering, construction, and green manufactu...

News  Updated at: 2025/04/08

Canatu receives funding from Business Finland to launch its Carbon Age program On March 26, Canatu Plc received a positive funding decision from Business Finland, granting it a maximum of EUR 10 million of funding to launch its Carbon Age program. The program aims to drive the development of semiconductor technologies enabled by carbon nanotubes (CNTs) and build a dedicated industry ecosystem. The five-year program, with over 40 targeted partners...

News  Updated at: 2025/04/03