Bengaluru-based ride hailing and electric vehicle maker Ola is looking to raise over $500 million in debt from US investors in a so-called Term Loan B (TLB) deal, joining technology peers Oyo and Byju’s that have previously tapped this market to raise debt, said two people aware of the development. Investment banks JP Morgan and… Continue reading India’s Ola looks to raise over $500m debt from US investors
Tag: Mobility
14:54 ETDana Incorporated to Participate in Credit Suisse’s 9th Annual Industrials ConferenceDana Incorporated (NYSE: DAN) announced today it will par…
MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today it will participate in Credit Suisse’s 9th Annual Industrials Conference on Dec. 1, 2021. Beginning at 12:10 p.m. EST, Dana’s Executive Vice President and Chief Financial Officer Jonathan Collins will participate in a fireside chat for approximately 30 minutes. Information on accessing the… Continue reading 14:54 ETDana Incorporated to Participate in Credit Suisse’s 9th Annual Industrials ConferenceDana Incorporated (NYSE: DAN) announced today it will par…
07:00 ETDana TM4 to Establish New Electrodynamics Facility in Åmål, SwedenDana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint ventur…
MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint venture is establishing a new manufacturing facility in Åmål, Sweden that will initially produce electric motors for the mobility industry. This $50 million fully sustainable operation has received $10.7 million in support from the Swedish business development… Continue reading 07:00 ETDana TM4 to Establish New Electrodynamics Facility in Åmål, SwedenDana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint ventur…
@GM: Buick Introduces New VELITE 6 EV with Extended Range
Buick Introduces New VELITE 6 EV with Extended Range Can travel up to 518 km on a single charge 2021-11-25 SHANGHAI – Buick today introduced the new VELITE 6 EV featuring an increased range of 518 km on a single charge under China Light-Duty Vehicle Test Cycle (CLTC) conditions. Available with a new dynamic design as… Continue reading @GM: Buick Introduces New VELITE 6 EV with Extended Range
@Groupe PSA: PR Stellantis Signs Lithium Supply Agreement with Vulcan Energy002862
AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Vulcan Energy Resources Ltd. (ASX: VUL) announced today the signing of a binding agreement (“Agreement”) for Vulcan to supply battery grade lithium hydroxide in Europe for use in electrified vehicles to the Stellantis Group. The five-year agreement calls for shipments to begin… Continue reading @Groupe PSA: PR Stellantis Signs Lithium Supply Agreement with Vulcan Energy002862
Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden
– Company breaks ground on highly automated e-Manufacturing site – Investment supports Dana’s commitment to a sustainable future – Project receives $10.7 million in business development grants – Dana extends more than 100-year history of operating in Sweden MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its Dana TM4… Continue reading Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden
Nissan lays out $17.6 billion plan to electrify its future
Nissan is the latest automaker to announce a plan to spend gobs of money on an ambitious electrification strategy. The company said it will spend 2 trillion yen (around $17.6 billion) over the next five years to accelerate the roll-out of electric vehicles. And to emphasize that point, Nissan unveiled a pack of delightful EV… Continue reading Nissan lays out $17.6 billion plan to electrify its future
Siemens Partners with Hyundai Motor Company and Kia Corporation for Digital Mobility Transformation
PLANO, Texas, Nov. 29, 2021 /PRNewswire/ — Siemens and Hyundai Motor Company and Kia Corporation (Hyundai and Kia) announced today a new technology partnership to accelerate their digital transformation and a new future of mobility-Hyundai and Kia has selected Siemens as the preferred bidder and strategic partner to provide next generation engineering and product data management through… Continue reading Siemens Partners with Hyundai Motor Company and Kia Corporation for Digital Mobility Transformation
AUTOCRYPT Opens New Corporate Location in Whitby, Ontario as Series B Financing Round Begins
WHITBY, ON, Nov. 29, 2021 /PRNewswire/ — Industry-leading autonomous driving and secure mobility company AUTOCRYPT Co., Ltd. held the official opening ceremony of its new corporate office in Whitby, Ontario, situated at the eastern end of the Greater Toronto Area. The opening of this new location comes seven months after AUTOCRYPT established its North American subsidiary, Autocrypt North America Ltd. The office now serves as a regional hub for AUTOCRYPT’s V2X, in-vehicle, Plug&Charge, and secure fleet management business developments. Ontario was chosen for… Continue reading AUTOCRYPT Opens New Corporate Location in Whitby, Ontario as Series B Financing Round Begins
Portl Raises $12M in Series A Funding
Portl, a Los Angeles CA-based company plug & play holoportation platform, raised $12M Series A funding. The round was led by True Capital Management with participation from Tim Draper (Tesla, SpaceX, Skype), Marshawn Lynch, Quavo, Breanna Stewart, Albert Pujols, Luke Walton, Robert Griffin III (RG III), Deandre Ayton, Nneka Ogwumike, and Managing Partners of Structure Capital, Jillian Manus (Uber) and Mike Walsh (Uber, SalesForce). The company intends to use… Continue reading Portl Raises $12M in Series A Funding