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Funds

  • Chevrolet Bolt EV being charged outside Go Forth electric-car showroom, Portland   [photo: Forth]

    It's now abundantly clear that Tesla has created the roadmap on how to build a widespread DC fast-charging network that lets electric-car drivers travel long distances, even across the country. The Tesla Supercharger network can only be used by Tesla cars, however—and it remains entirely unclear how, whether, or when other carmakers will be able to offer similar capabilities. Last Thursday, the U.S. Senate Energy and Natural Resources Committee held a "field hearing" at the Washington Auto Show, known for its focus on public policy that affects the auto industry. DON'T MISS: Europe...

  • The White House, Washington, D.C.  [Creative Commons license by dcjohn]
    EPA's Ann Arbor test lab threatened; emission tests in the balance

    The 436 scientists who spend their days testing new vehicles and enforcing environmental rules at the National Fuel Emissions Lab in Ann Arbor, Michigan, face a very uncertain future. The lab sits in the crosshairs of President Trump's proposed budget, which eliminates 99 percent of its funding, as...

  • 2013 Tesla Model S
    Tesla To Issue More Stock, Pay Off Energy Dept With Proceeds

    Since Tesla issued its first-quarter financials last week, its stock has been on a tear. Not only did the company have its first profitable quarter ever, but the many investors who had shorted the stock of Tesla Motors [NSDQ:TSLA] are now faced with the threat of expensive margin calls. So Tesla is...

  • Famed electrical engineer Nikola Tesla, scanned image from postcard c. 1890.
    Tesla Motors CEO Musk To Support Tesla Museum Project

    Elon Musk, the CEO of Tesla Motors, has quite a lot on his mind these days. Among his tasks: making sure production of the 2012 Tesla Model S electric sport sedan ramps up quickly enough, while maintaining superb quality, to let Tesla build 5,000 units before the end of the year. But Musk still...

  • Ray Lane takes delivery of the first Fisker Karma
    Fisker Automotive Raising $200 Million At $2.2 Billion Valuation

    Electric car manufacturer Fisker Automotive is in the process of raising a $200 million funding round that would value the company at $2.2 billion, according to a report by Fortune. It would be the company's third funding round in six months. Fisker Automotive raised $190 million just five months...

  • Fisker Karma
    Luxury Hybrid Maker Fisker Automotive Raises Extra $100 Million

    Fisker Automotive, which manufactures luxury plug-in electric hybrid cars, has raised an extra $100 million in its third round of funding to help fund production of its luxury sedan and a second, cheaper electric car that is geared toward more mainstream hybrid electric car buyers. The 2011 Fisker...

  • U.S. Environmental Protection Agency adminstrator Lisa Jackson and President Barack Obama

    The budget that will be submitted to Congress on Monday by President Barack Obama contains cuts for two clean-vehicle programs: retrofits that reduce diesel emissions from heavy trucks and other commercial vehicles, and research funds for hydrogen fuel-cell vehicles. Whether those cuts will survive the budgeting process remains to be seen. The U.S. Environmental Protection Agency's Clean Diesel Program had been funded at $80 million in 2010, and it was reauthorized last December by Congress for five years at a cost of $500 million. Diesel-powered trucks, buses, and construction equipment made...

  • 2011 Coda Sedan at Hertz Global EV rental launch, New York City, December 2010
    Electric-Car Startup Coda Gets $76 Million in Venture Funds

    Last year was a rough one for electric-car startup Coda. The company replaced its CEO, along with its marketing chief, and announced a delay of up to nine months in the launch of its first car, the 2011 Coda Sedan. This year is starting off on a much better note, though, with the announcement of an...

  • Teaser for Louisiana's new VVC plant
    Struggling Startup Carmaker V-Vehicles Names CEO, Renames Itself

    Startups are hard. Automaker startups may be harder. But one of the necessary qualities in startups--tenacity--was on display recently from Next Autoworks. New name, new CEO That's the new name of the former V-Vehicles Inc., which attracted funding from famed Silicon Valley venture firm Kleiner...

  • Venture capitalist Vinod Khosla speaking at TechCrunch Disrupt conference
    Venture Capitalist Khosla Sour on Electric Cars at Disrupt Green Panel

    Vinod Khosla, dynamic founder of Khosla Ventures and Kevin Skillern, managing director of GE energy financial services, both just spoke on the “GreenTech Gurus” panel at TechCrunch Disrupt. Here are some highlights of the discussion. On investment in cleantech: Khosla (pictured, above)...

  • Coulomb electric-car charger, Madison, WI
    Car Charging Station-Maker Coulomb Raises $15 Million to Expand Network

    Coulomb Technologies, a leader in roadside charging stations and infrastructure, announced a $15 million third round of funding, which it will use to further develop its network of electric vehicle charging stations. The company has inked partnerships with Leviton and Siemens, which will add their...

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