A123’s $50M Debt Desperation Play
Jeff St. John: May 20, 2012
The lithium-ion battery maker is forced to seek expensive debt as it struggles with recall, record losses.
The lithium-ion battery maker is forced to seek expensive debt as it struggles with recall, record losses.
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A sleek new all-electric-drive SUV from Toyota will tighten up the competition for early-adopter dollars.
Oil’s market share has dropped to below 40 percent and continues to decline.
Those long lines of eighteen-wheelers waiting to load and unload could be running on clean, quiet electricity.
The startup raises a Series D round to compete with the likes of ECOtality, AeroVironment and others in linking partnerships for the still-nascent EV charging market.
The idea is to take the electric car from ready and willing to able.
The startup captures Philadelphia train braking energy, stores it in a Saft battery, and plays it into lucrative energy markets.
Renewable energy competes, to some extent, with natural gas—a commodity reaching record lows.
Fund-raising and personnel woes hit even the largest cleantech VC players.
“If ten people on the block go out and buy a LEAF and they all plug it in at 6 p.m. when they get home, they’re going to have a problem.”
Fisker joins the billion-dollar VC club with new raise from Advanced Equities, as it struggles to overcome recalls, other setbacks.
$120 million will buy thousands of chargers ordered by Governor Brown that startup Gridtest’s tool can certify.
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