The company willl use the newly-raised capital to commercialise its technology, starting next year in distribution centres.

Parent company NFI has made “significant” investments in infrastructure and workforce at the site, including the installation of chargers, expansion of storage and commissioning areas, and retraining of staff, in order to prepare the facility for electric coach production.

Customers of MAN and Scania who make use of MAN ‘Charge&Go’ or Scania ‘Charging Access’ will now be able to use Hubject’s ‘Intercharge’ network of charging points.

The Elec City is powered by a 180-kW fuel cell system, feeding off an 875-litre hydrogen tank to charge its 78.4 kWh high-capacity battery pack.

This so called ‘accelerated bookbuilding process’ created 145,000,000 shares in a “private placement” fund at NOK 6,90 (0.63 USD) per new share. The capital raised will help the company meet its 2025 goals, namely getting a few hundred Tern trucks out the door and ramping up production.

EVM UK, now with the Ferqui brand added to its portfolio, the company now represents a total of nine European mini and midi bus and coach brands.

Modine says that, since 2023, Gillig has deployed over one hundred hybrid buses installed with Modine’s EVantage system.

Silvero will oversee expansion of the Latin Parts Centers (LPC), the manufacturer's logistics center located in Vinhedo (SP).

The companies are set to develop a fully electrified refrigerated trailer that aims to reduce emissions in the cold chain logistics industry.

By restructuring the business, Northvolt hopes to raise a total of USD245m in new financing, including USD145m in cash collateral and USD100m of debtor-in-possession finance from an existing customer.

The ten ‘Endurance’ TRUs were the first to be produced at the company’s new headquarters and production facility in Leatherhead.

Westport said that it and its ‘Cespira’ joint venture with Volvo would “continue to collaborate” with Weichai.