DG Matrix provides solid-state transformer solutions for data centers and electrification projects such as microgrids and EV fleets. Now the company has secured $20 million in an oversubscribed seed funding round. Clean Energy Ventures led the round, and industry stalwarts including ABB, Cerberus Ventures, Chevron Technology Ventures and Piedmont Capital participated. The new funding brings … Continue reading “DG Matrix raises $20 million to commercialize its multi-port solid-state transformer solutions”
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ENAPI, a connectivity platform for the EV charging industry, has closed a 7.5-million-euro ($8.1-million) seed funding round led by Voyager Ventures. The new financing round, combined with a $2.7-million pre-seed round completed 10 months ago, brings the company’s total funding to $10.8 million. ENAPI will use the new funding to fast-track its plans to become … Continue reading “ENAPI raises 7.5 million euros in seed funding for its EV charging connectivity platform”
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Cambridge GaN Devices (CGD), a spinout from Cambridge University in the UK, has secured $32 million in Series C financing to expand its operations in the UK, North America, Taiwan and Europe. The investment was led by an unnamed strategic investor and included participation from British Patient Capital as well as existing investors Parkwalk, BGF, … Continue reading “Cambridge GaN Devices raises $32 million to expand power semiconductor production”
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Ati Motors, a Bangalore, India-based artificial intelligence (AI) and autonomous robotics company, recently raised $20 million in a Series B funding round. The round was led by Walden Catalyst Ventures and NGP Capital and included participation from numerous current investors including True Ventures. The company will use the new funding to boost product development and … Continue reading “Industrial electric robot startup Ati Motors raises $20 million in Series B funding”
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The US State Department’s procurement forecast for the 2025 budget includes an item called “Armored Teslas” worth $400 million. But worry not; it was approved under the Biden Administration, so Elon Musk’s DOGE will undoubtedly eliminate this waste. Right? Elon Musk and his team at the Department of Government Efficiency (DOGE) are currently examining a … Continue reading “US State Department has budget line for ‘Armored Teslas’ worth $400 million”
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US-based Lithium Battery Company is investing $4 million to establish a 60,000 sq ft automated battery manufacturing facility in Tampa, Florida. The expansion includes a Foreign Trade Zone (FTZ) designation and features five specialized assembly lines designed to support defense contracts, artificial intelligence (AI) data center energy storage, and OEM partnerships. The expansion is the … Continue reading “Lithium Battery Company invests $4 million in Tampa manufacturing plant”
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Renault Trucks doesn’t get a lot of headlines outside of France, but the company is serious about electric trucking – and its new 2025 MY E-Tech T electric semi truck is packing serious range, too: more than 600 km (about 375 miles) per charge! Renault claims its trucks have logged nearly 19 million all-electric miles, saving … Continue reading “Renault E-Tech T semi truck gets 600 km range for ’25, logs 19 million miles”
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Australian mining company Fortescue is making headlines again, after it placed a huge, $400 million order for over 100 new electric equipment assets with Chinese heavy equipment company XCMG (Xuzhou Construction Machinery Group). The deal is the largest single equipment export deal in XCMG’s history. The $400 million contract also marks XCMG’s largest mining equipment … Continue reading “$400 million electric heavy equipment order from China is biggest ever (so far)”
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The Canadian government is investing 18.6 million Canadian dollars ($13.3 million) in EV chargers across the country. “The installation of these chargers will help EV drivers get to where they need to go with confidence and ease,” Natural Resources Canada said. The funds will be given to multiple organizations that will use them to install over … Continue reading “Natural Resources Canada provides $13.3 million to deploy new EV chargers”
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Despite the hype, most users concede that balcony solar provides modest cost and energy savings. Weyland spent around $530 for his 600-watt-capacity system. While he’s happy with how his south-facing panels perform during balmy weather, such days are rare in northern Germany. He estimates that he’ll save around $100 in annual electricity costs and recoup his … Continue reading “How Germany outfitted half a million balconies with solar panels”