InMotion portfolio company Zeelo, the smart bus platform for organisations, has launched the UK’s first fully electric commuter bus service with Ocado. Zeelo provides smart bus services for 110 companies and schools globally, transporting 5,000 people per day, saving over 7,000 tonnes of CO2 annually. They aim to transition all of their services into fully electric… Continue reading @Tata-JLR: Zeelo Launches UK’s first Fully Electric Employee Commute Service
Tag: Electric vehicles
How BMW is developing ownership among employees in order to achieve its goal of sustainability?
Ilka Horstmeier By the end of this decade, global luxury car giant BMW plans to be the world’s most sustainable automotive industry player. In this regard, the company aims to cut its carbon footprint by a third and also look up to the goal of becoming a ‘Climate-Neutral’ organisation. While many organisations talk about sustainability… Continue reading How BMW is developing ownership among employees in order to achieve its goal of sustainability?
@niche: Powered by REE, Driven by Navya001486
The automotive landscape is constantly shifting. As governments and leaders wake up to the climate crisis, twin forces of vehicle electrification and autonomous driving are converging and creating a new playing field. It’s incredibly exciting to see this shift happen right before our eyes, and we’re happy to announce that as a new automotive future… Continue reading @niche: Powered by REE, Driven by Navya001486
GM CEO Mary Barra Refuses To Acknowledge Tesla In Interview – Torque News
The EV war between GM and Tesla is rapidly growing, especially with GM preparing to unleash their revolutionary Ultium battery technology in the GMC Hummer EV lineup as well as the Cadillac Lyriq. But while the products themselves are aimed at dethroning each other, neither side has gone after the other when it comes to… Continue reading GM CEO Mary Barra Refuses To Acknowledge Tesla In Interview – Torque News
India: Ola Electric raises $53m led by Temasek, valued at $2.7b
Temasek, which invested through its affiliate Macritchie Investments Pte. Ltd., led a ₹398 crore ($53 million) financing round for Ola Electric at a post-money equity valuation of $2.7 billion ( ₹2025 crore), according to VCCircle estimates. The company issued 371 Series C preference shares to a dozen investors at ₹1,07,34,860 apiece, according to a recent regulatory disclosure filing.… Continue reading India: Ola Electric raises $53m led by Temasek, valued at $2.7b
Bill Ford could have sold automaker stock for $18M. He paid $20M to keep it instead.
Bill Ford, executive chair of Ford Motor Company, dramatically expanded his personal investment in the automaker on Wednesday, according to a federal regulatory filing. He opted to exercise nearly 2 million stock options granted to him as part of his executive pay package. A large portion of the options were set to expire soon and have no value… Continue reading Bill Ford could have sold automaker stock for $18M. He paid $20M to keep it instead.
VW Americas CEO sees chip shortage lasting into 2022, but industry protecting margins
Scott Keogh, CEO of Volkswagen of America, speaks during a Volkswagen press conference at the Los Angeles Auto Show in Los Angeles, California, U.S. November 28, 2018. REUTERS/Kyle Grillot/file photo Register now for FREE unlimited access to reuters.com Register DETROIT, Dec 8 (Reuters) – Volkswagen AG’s (VOWG_p.DE) Americas chief sees the global chip shortage lasting… Continue reading VW Americas CEO sees chip shortage lasting into 2022, but industry protecting margins
Volkswagen closes three new partnerships to amp up EV production
Volkswagen has entered into three new partnerships related to electric vehicle batteries, as the German automaker looks to transition its entire portfolio of cars, trucks and SUVs to zero-emission vehicles by 2040. The three separate partnerships, all of which were announced Wednesday, are with materials technology group Umicore, battery specialist 24M Technologies and Vulcan Energy… Continue reading Volkswagen closes three new partnerships to amp up EV production
Lucid Group, Inc. Announces Proposed Convertible Senior Notes Offering
NEWARK, Calif., Dec. 8, 2021 /PRNewswire/ — Lucid Group, Inc. (“Lucid”)(Nasdaq: LCID) today announced its intention to offer, subject to market and other conditions, $1,750,000,000 aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the… Continue reading Lucid Group, Inc. Announces Proposed Convertible Senior Notes Offering
@VW Group: Volkswagen enters into strategic partnerships for the industrialization of battery technology004320
The Volkswagen Group has entered into three more strategic partnerships, further strengthening its position in the field of batteries. The new partners are the leading materials technology group Umicore, the battery specialist 24M Technologies, and cleantech company Vulcan Energy Resources Ltd. Although these three partnerships are independent from each other, they share a common goal:… Continue reading @VW Group: Volkswagen enters into strategic partnerships for the industrialization of battery technology004320