Enedym, a developer of electrified powertrains, has secured $15 million in new financing from an international group of investors. The company will use the new investment to accelerate its motor development and increase its footprint in the electric motor market, focusing on OEMs in the automotive, micromobility, wind farm and industrial markets. Enedym builds switched […]
CharIN is a 200-member global association that promotes interoperability based on the Combined Charging System (CCS). Electronics giant ABB has been an active member of CharIN since its establishment in 2015, and leads a CharIN working group dedicated to CCS interoperability testing and certification. Now ABB is en route to becoming the first company to […]
Umicore has announced that it holds a stake in solid-state battery specialist Solid Power, following Solid Power’s announcement of its intent to become a publicly listed company. Umicore built its stake through earlier Series A and B investment rounds. Solid Power also counts Ford, BMW, Hyundai and Samsung among its investors The company claims that […]
XL Fleet has formed a development agreement with eNow, a provider of solar and battery power systems for electric transport refrigeration units (eTRUs). XL Fleet has also invested $3 million in eNow’s convertible notes, and has the right to acquire the company at a predetermined valuation. XL Fleet will supply battery and power electronics systems […]
AMPLY Power says its charging as a service model provides 99.9% uptime, critical to scaling EV deployments Fleet charging management may not be the most glamorous segment of the EV industry, but it is emerging as an extremely important component of the future EV ecosystem. As commercial fleets electrify, they are finding that they need […]
The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. It will be a new and likely very competitive entry in what will soon become a crowded field of EVs in the popular “compact crossover” segment. It’s not the first such EV: the Ford Mustang Mach-E, Tesla Model […]