Karma Automotive has raised a $100 million lifeline from outside investors, as reported by Bloomberg, with the struggling electric vehicle maker’s fortunes likely buoyed by the current market optimism on other EV companies including Tesla. Karma is the reincarnated version of Fisker Automotive, which previously faced bankruptcy before being acquired by Wanxiang Group in 2014.
Tesla’s 2014 acquisition of SolarCity turned the electric vehicle manufacturer into the undisputed largest player in residential solar, but that lead has steadily eroded as its major competitor, Sunrun, surged ahead with more aggressive plans. Now with the $3.2 billion dollar acquisition of the residential solar installation company, Vivint Solar, Sunrun looks to solidify its
Replenysh has been kicking since 2016, but up til now, the Orange County, California startup hasn’t done much press. That changes today, as the company announces that it has raised a $2 million seed round with the fairly lofty goal of transforming recycling in the U.S. A press release outlining Replenysh’s plans offers up plenty
As perennial front runner for the title of probably-the-most-evil tech company, Amazon has a long way to go to rehabilitate its image as a take-no-prisoners, industry-consolidating wealth machine. In a bold effort to do so, the company announced today that it would buy the rights to Seattle’s KeyArena, an aging stadium currently under redevelopment in
DroneBase, a Los Angeles-based provider of drone pilots for industrial services companies, has raised $7.5 million during the pandemic to double down on its work with renewable energy companies. While chief executive Dan Burton acknowledged that the company was fundraising prior to the pandemic, the industrial lockdown actually accelerated demand for the company’s services. Even
Roger Duncan Contributor Roger Duncan is a former Research Fellow at the Energy Institute at the University of Texas at Austin and the former General Manager of Austin Energy. He is the co-author of the upcoming book, “The Future of Buildings, Transportation and Power.” The economic lockdown resulting from the coronavirus pandemic has had an
FILE PHOTO: The European Central Bank (ECB) logo is pictured before a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Euro zone banks are heavily exposed to carbon-intensive industries and face significant climate-change related risks so they must start to
A diver tries to cut a rope from the tail of a whale shark near Koh Tao Island, Thailand June 13, 2020, in this still image obtained from a social media video. Sarakorn Pokaprakarn/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. BANGKOK (Reuters) – Divers in Thailand have captured dramatic
Finland-based Swappie has closed a €35.8 million ($40.6M) Series B to expand into new markets in Europe. The ecommerce business refurbishes and resells used iPhones, taking care of the entire process from testing and repairing used handsets, to selling the refurbished devices via its own marketplace, with a 12-month warranty. Local VC and private equity
(Reuters) – Six European Union countries, including Germany, France and the Netherlands, have called for EU legislation and increased funding to support hydrogen, a low-carbon technology in line for cash from the bloc’s coronavirus recovery fund. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, February 19, 2020. REUTERS/Yves Herman/File
(Reuters) – Unilever Plc (ULVR.L) said on Monday it will invest 1 billion euros in a fund to invest in climate change projects and reduce to net zero greenhouse gas emissions from all its products by 2039, 11 years ahead of the Paris Agreement deadline. FILE PHOTO: Unilever headquarters in Rotterdam, Netherlands August 21, 2018.
(Reuters) – Agriculture Secretary Sonny Perdue on Friday unveiled what he called a “blueprint” for enabling energy extraction, mining, grazing and logging in federal forests by speeding up environmental reviews and permitting. FILE PHOTO: U.S. Secretary of Agriculture Sonny Perdue holds a U.S. flag-themed face mask while speaking about the nation?s food supply chain during
Volkswagen has started to sell a home-charging device as the automaker prepares to bring its new ID family of electric vehicles to market. The ID.3 is the first electric vehicle under the ID label and will only be sold in Europe. Customers who made reservations for the launch edition, known as ID.3 1st, will be
LONDON (Reuters) – The Scottish government said on Friday it has set up a 62 million pound ($78 million) fund to help the energy industry recover from the impacts of the coronavirus crisis and the collapse in oil and gas prices. The energy transition fund will support businesses in the sector over the next five
BRASILIA (Reuters) – Deforestation in Brazil’s Amazon rainforest rose for a 13th consecutive month in May, government data showed on Friday, despite President Jair Bolsonaro’s deployment of the military to fight soaring environmental destruction in the region FILE PHOTO: FILE PHOTO: An aerial view shows a deforested plot of the Amazon near Porto Velho, Rondonia
FILE PHOTO: An inmate hand crew, wearing orange, uses chain saws and hand tools to cut a line through vegetation that is reddened by fire retardant on one side and charred by fire on the other at a wildfire dubbed the Cave Fire, burning in the hills of Santa Barbara, California, U.S., November 26, 2019.
FILE PHOTO: An array of solar panels is seen in the desert near Victorville, California, U.S. March 28, 2018. REUTERS/Lucy Nicholson (Reuters) – New U.S. solar installations will increase by a third this year, a report published on Thursday showed, as soaring demand by utilities for carbon-free power more than outweighs a dramatic decline in
Tropical Storm Cristobal is seen on a northern track over the Gulf of Mexico in a satellite image taken June 7, 2020. NOAA/Handout via REUTERS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. (Reuters) – Catastrophe modeling firm Karen Clark & Company (KCC) said on Wednesday it expects insured losses of close to $150
South Africa-based renewable energy startup Sun Exchange has raised $3 million to close its Series A funding round totaling $4 million. The company operates a peer-to-peer, crypto-enabled business that allows individuals anywhere in the world to invest in solar infrastructure in Africa. How’s that all work? “You as an individual are selling electricity to a
FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on the podium at EPA headquarters in Washington, U.S., July 11, 2018. REUTERS/Ting Shen/File Photo CHICAGO (Reuters) – The U.S. Environmental Protection Agency said on Monday that farmers can use existing supplies of an agricultural weed killer linked to crop damage, after a federal