Aussie EV start-up seeks $6m capital raise
Brisbane-based start-up EVOS which specialises in fleet energy management and EV AC charging has completed a $4 million capital raise from existing investors and is seeking an additional $6m.
FBT exemption drives PHEV boom, says NALSPA
The National Automotive Leasing and Salary Packaging Association (NALSPA) says the doubling of plug-in hybrid (PHEV) sales over the past year underscores Australian motorists' growing appetite for low-emissions vehicles and the effectiveness of government incentives.
Skoda Elroq marks start of new BEV campaign
The Skoda Elroq built on the Volkswagen Group’s modular electrification toolkit (MEB) will come with four powertrain variants- the Elroq 50, 60, 85 and 85x. These models vary in battery capacity and corresponding power output, ranging from 125kW to 220kW.
Electrification in July Australian Clean Energy Summit
Renewable electricity is a big part of the Australian Clean Energy Summit (ACES) in Sydney on July 16 and 17. The Clean Energy Council is hosting the event – which includes electric mobility – at the ICC Sydney. Click here for more information, including the program.
Chery launches captive finance product, entry-level Omoda 5
Chery Motor Australia has partnered with Allied Credit, a non-bank lender, to offer captive automotive finance to new vehicle buyers starting July 1, 2024. The white-label partnership operates under the Chery Motor Finance brand.
Hyundai Inster EV unveiled
Hyundai Motor has revealed its electric Inster, a new A-segment subcompact urban EV with up to 355km (WLTP) of targeted driving range. A 42kWh battery is standard, the Inster also available in a Long-Range model (355km projected range) with a 49kWh battery as an option.
Sparc Hydrogen pilot plant a step closer
The development of a first-of-its-kind pilot plant will demonstrate the potential of photocatalysis as a method to produce green hydrogen at commercial scale, including for use in hydrogen fuel cell electric vehicles (FCEVs).
Loopit’s funding round to fuel US expansion
Australian mobility software provider Loopit has successfully closed a $3.95 million pre-Series A funding round for its expansion across the US market.
Batteries on wheels
The Australian Renewable Energy Agency (ARENA) will provide A$3.2 million to Amber Electric (Amber) to trial battery electric vehicle (BEV) smart charging and provision of vehicle-to-grid (V2G) services with residential customers.
New BMW X3 here in Q1 2025
The fourth generation BMW X3 is set to launch in Australia early next year.