Investors include Proeza Ventures, a mobility-focused VC firm backed by Tier 1 supplier Metalsa’s holding company, and BUILD Capital Group. Rob Ferber, employee number one and former science director at Tesla, hired as CTO.
The investment round of $2.5 billion comes as the electric vehicle startup retools its factory to produce its three electric vehicles starting in 2021.
The new bill adds $310 billion to the depleted Paycheck Protection Program (PPP), which offers loans for small businesses to cover employee salaries, paid sick or medical leave, mortgage or rent payments, utilities and other debt obligations.
The company has now raised more than $88 million in funding from firms such as Invus Opportunities, Conversion Capital, Enterprise Holdings Ventures, Madrona Venture Group, Maveron, Perot Jain LP, Total Ventures and Vulcan Capital.
SoCalGas customers have submitted more than 150 applications to the SCAQMD as part of the $21 million Prop 1B incentive pool. Owners whose applications are accepted will receive $100,000 towards the purchase of a new near-zero natural gas truck.
ARB will use the majority of those funds for its California Clean Vehicle Rebate Project to provide incentives for the purchase of zero-emission and plug-in hybrid passenger cars, and another percentage will go toward hybrid and zero-emission trucks and buses.
The Commercial Electric Truck Incentive Program will be offered in the form of $20,000 vouchers per eligible, all-electric vehicle over 10,000 pounds, regardless of manufacturer.
Of the four program categories, the Vehicle and Advanced Technology Program is available for medium- duty vehicle retrofits, replacements and technology demonstration.
Here are some novel ideas on taxation that shift the burden away from car renters.
Enterprise CFO Bill Snyder spoke recently with Auto Rental News on how Enterprise funds its fleets (Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car), and on the company’s outlook on the current financial market.
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