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.
Freyr Battery has announced that it will receive a grant of €122 million from the European Union Innovation Fund (EUIF)…
Anthro Energy Secures $24.9M US Department of Energy Grant to Boost Domestic Battery Production
By James Bryant
Anthro Energy has been awarded a $24.9 million grant from the US Department of Energy (DOE) to enhance the domestic…
Swedish battery manufacturer Northvolt is making progress towards securing a new financing package, the company told Reuters on Monday. The…
General Motors (GM) has injected $10 million into Forge Nano, a materials science startup, through its investment arm GM Ventures,…
Poland Secures €1.4 Billion EIB Approval for E-Mobility Initiatives, Aims to Boost Heavy Electric Vehicle Adoption
By Robin Cannon
Poland has received approval from the European Investment Bank (EIB) for subsidy programs totaling 6 billion zlotys (approximately 1.4 billion…
Wolfspeed, a U.S.-based chipmaker, is set to receive $750 million in government grants for its silicon carbide wafer manufacturing plant…
Swedish battery maker Northvolt is in discussions with investors and lenders to secure approximately €200 million ($218 million) in short-term…
Battery manufacturer Varta has taken a major step toward financial recovery, aided by a bridge loan and agreements with creditors,…
Chinese flying taxi company Vertaxi has successfully raised $29 million in a recent financing round, increasing its total funding to…
The United States Department of Energy announced a conditional loan guarantee of up to $1.05 billion to EVgo (EVGO.O) on…
Toyota Invests Additional $500 Million in Joby Aviation to Support eVTOL Air Taxi Development
By Derick Munoz
Toyota Motor announced on Wednesday that it will invest an additional $500 million in Joby Aviation to further support the…
British equipment manufacturer Anaphite has secured €12.5 million in a Series A financing round aimed at advancing its dry coating…
ChargePoint has been awarded more than $19 million through its partners to deploy 248 DC fast charging ports at 45…
The U.S. Department of Energy (DOE) has announced more than $3 billion in grants for 25 projects aimed at enhancing…
Munich-based electric motor startup DeepDrive has successfully raised €30 million in its Series B financing round, aimed at expanding and…
U.S. Department of Energy Allocates $50 Million to Support EV Supply Chain Transition in Six States
By Robin Cannon
The U.S. Department of Energy (DOE) has announced $50 million in grants to assist small and medium-sized manufacturers in six…
Gaussion, a spinoff from University College London specializing in fast-charging technology for batteries, has successfully closed its Series A funding…
Xpeng Aeroht, the flying car subsidiary of Xpeng, has announced the successful closure of a $150 million Series B1 funding…
Monarch Tractor, creator of what is considered the world’s first fully electric, driver-optional smart tractor, has announced it raised $133…
Archer Aviation has received a significant $55 million investment from Stellantis, marking another milestone in their strategic partnership aimed at…