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With its first electric vehicle now outselling the quintessential 911 sports car, the German automaker is responding by upping its bet on EVs, in part via a hefty investment in lithium-silicon battery developer Group14 Technologies. Porsche injected $100 million into Group14 as part of a larger $400 million Series C funding round.
One of the key target resources is lithium, a critical component for smartphones, electric vehicle batteries and nearly every other electric tool of modern convenience and industrial import. Other solutions to the lithium problem are attracting investor attention, too.
In its first round of funding from its $2 billion Climate Pledge Fund, Amazon is investing in the battery and e-waste recycling company led by former Tesla executive JB Straubel, along with four other companies. But when rechargeable lithium-ion batteries like those in Rivian’s EVs get tossed out, they do more than leave behind a big mess.
The company also got kudos from some environmental groups for cutting back on e-waste, a growing problem that Apple contributes to with its constant stream of new gadgets. Apple’s AirPods, for example, tend to have a shorter shelf life than traditional headphones because it’s so hard to replace the lithium-ion battery inside.
Monahan shipped a few beta units, but the vast majority of backers never got anything for the money they pledged. The backers organized themselves in a Facebook group with the mission of getting refunds and tracking down Monahan. He also blamed lithium-ion batteries and the recall of the Samsung Galaxy Note 7.
A non-disclosure agreement barred Governor Stitt from revealing the name of the company and the amount of money pledged to the package — but there’s good reason to believe that this company may be Panasonic. pic.twitter.com/DNJrCeJizc — Governor Kevin Stitt (@GovStitt) April 18, 2022.
On a recent winter morning in New Delhi, Rajan Anandan and Pieter Kemps were pacing on the floor of a five-star hotel, quizzing a group of over two dozen young startup founders about their goals. Another pledged to reach an annual recurring revenue of $100 million in a few years.
Data from the NPD Group, which tracks retail bike sales, found that 60% of bikes sold over the past year or so cost either less than $500 or more than $3,500, with the fastest growth happening for bikes ranging from $1,500 to $2,000. . That investment is part of a wider pledge to invest $3.4 ” — Aria Alamalhodaei.
Critical minerals America’s transition to clean energy requires a robust domestic supply of critical minerals, with lithium playing a central role in our energy future. possesses significant lithium reserves, particularly in Nevada, California, Texas, and Arkansas, that remain largely untapped. businesses.
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