Browsing: Finance
The Finance category on EVMagz covers the financial forces shaping the electric mobility industry, from corporate earnings and capital raises to investment strategy and market economics. This section provides insight into how companies across the EV ecosystem are funding growth, managing profitability, and navigating the financial realities of a rapidly evolving market.
Readers can explore reporting on quarterly earnings, fundraising rounds, mergers and acquisitions, IPOs, debt financing, profitability milestones, investment announcements, valuation trends, and broader financial strategies from automakers, suppliers, battery firms, and mobility startups. The category also examines how macroeconomic conditions and capital markets influence the pace of electrification.
Whether you are an investor, analyst, business professional, or EV enthusiast, the Finance category delivers data-driven coverage of the money and strategy behind the electric vehicle industry.
Flux Marine has raised $15 million to scale production of its electric outboard motors and powertrain systems, according to Bloomberg.…
German startup Hyperdrives said it has raised €3 million in an oversubscribed pre-seed round to develop its patented cooling technology…
General Motors Q2 Profit Drops 32% Amid $1.1 Billion Tariff Hit; Maintains Full-Year Outlook Despite Trade Pressure
By Ivan Popov
General Motors reported a 32% drop in second-quarter core profit to $3 billion, as escalating tariff-related costs took a significant…
Stellantis Projects €2.3 Billion Net Loss in First Half on Restructuring Costs and U.S. Tariffs
By Ivan Popov
Stellantis is anticipating a net loss of €2.3 billion ($2.7 billion) for the first half of 2025, weighed down by…
British parcel delivery startup Hived has secured $42 million in Series B funding to expand its all-electric logistics network beyond…
Donut Lab, a Finnish electric mobility startup, has raised €25 million in new funding, signed over ten commercial contracts with…
Vecmocon Technologies, an electric mobility solutions startup based in Delhi, has closed its Series A funding round with a total…
Poland’s Ministry of Economic Development and Technology has extended a grant offer worth approximately €290 million to U.S.-based battery recycling…
California has committed $500 million to help school districts purchase 1,000 electric school buses and install related charging infrastructure, state…
German battery technology startup Pulsetrain has raised €6.1 million ($6.6 million) in seed funding to scale and industrialize its battery…
The European Bank for Reconstruction and Development (EBRD) is providing a €50 million loan to Turkish leasing company TEB Arval…
Charging infrastructure company Jolt has received $144 million (C$194 million) from the Canada Infrastructure Bank (CIB) to support the installation…
Austrian EV charging technology firm Easelink has secured €11.5 million ($12.4 million) in funding from the European Innovation Council (EIC)…
Rivian’s planned $6.6 billion federal loan for its upcoming electric vehicle manufacturing plant in Georgia is under scrutiny following a…
Illinois’ largest utility provider, ComEd, has unveiled a $100 million rebate program for 2025, aiming to encourage private, public, and…
German car subscription service FINN has announced the successful closing of a new asset-backed security (ABS) financing program, “ABS II,”…
Archer has raised $300 million in new funding, strengthening its financial position as it accelerates the development of hybrid-propulsion aircraft…
The Asian Development Bank (ADB) has agreed to lend up to $100 million to Ayala Corporation, the Philippines’ oldest conglomerate,…
Connected Kerb, a leading UK charge point operator (CPO), has secured £65 million in funding to accelerate the growth of…
WeaveGrid, a provider of electric vehicle (EV) charging management software, has secured a strategic investment from Hyundai Motor Company and…