Allison Ventures is tasked with investing in and partnering with early stage growth companies that drive technology advancement across the CV mobility industry. The company has said that it will specifically focus on technologies relating to connectivity, digitalisation, sustainability, automation and electrification.

The UK startup has set up an umbrella company, KleanDrive, to expand into new repowering segments including light-, medium- and heavy-duty trucks and marine vessels.

The companies have formed a joint venture (NextGen AssetCo) for leasing up to 1,000 electric bus batteries for GBP 100 million as part of FirstGroup’s plan to electrify its electric bus fleet in the UK. This new company will purchase the batteries, which will then be leased to First Bus over an eight-year period.

Taabi states its SaaS provides robust and reliable integration with onboard sensors and diagnostics tools of assets (vehicles) to fetch real-time analytics and to generate predictive insights using a proprietary AI model.

The German trailer manufacturer established two new subsidiaries in Georgia and Kazakhstan, with the aim of strengthening its presence in West and Central Asian markets.

Habas is a branch of a 67-year-old holding company that specialises in producing industrial gases. The holding company decided to invest in the automotive sector in 2021 and set up a bus-building arm of the corporation. The first port of call was establishing a factory in the Manisa Organised Industrial Zone, in Manisa, Turkey.

Executives claimed that they have an annual production capacity of 5,000 buses and a strategy to target the Middle Eastern and African markets.

The partners plan to initially invest a combined USD2.64bn to build a facility with a production capacity of 21 gigawatt hours (GWh) of batteries per year for commercial and industrial vehicle applications.

With USD10m in additional shareholder funds the company will focus on deployment of electric tarmac buses at Bengaluru international airport and development of a mid-mile heavy-duty EV truck platform.

Designed for the global market, the concept electric truck showcases Tresa's take on industrial design, axial flux powertrain and safe battery packs for medium and heavy electric trucks.

The implied enterprise valuation of "QEV NV" is EUR209m, and approximately EUR23m in capital has been committed to the proposed transaction.

In the past year, Phoenix Mobility has rebranded itself as ‘Tolv’ and attained UTAC and CNRV certification for the conversion of Renault mid-sized vans to electric power.