Hedin Mobility acquires automotive retailer Stephen James Group
Hedin Automotive, a subsidiary to Hedin Mobility Group, has expanded its presence in the UK with the acquisition of Stephen…
29 May 2023
Stellantis invests in Lyten to advance 3D Graphene-based EV batteries
European automotive firm Stellantis has announced an investment in Lyten to accelerate the commercialisation of advanced electric vehicle (EV) battery technology. Stellantis did not disclose the quantum of the investment, which was…
19 Dec 2022
ALD inches closer to buying LeasePlan with €1.2bn capital boost
ALD Automotive, a unit of the French financial services group Society Generale, has raised around €1.2bn via a preferential subscription rights issue. The capital increase marks a significant step to acquire LeasePlan,…
16 Nov 2022
Zeti garners investment from Toyota Ventures
Zeti, a digital finance platform for the transportation industry, has secured an undisclosed investment from Toyota Ventures’ Climate Fund. Institutional financiers use Zeti to deploy capital into clean, connected vehicle fleets through a pay-per-mile…
16 Aug 2022
Covid-induced drug driving becoming problem in fleet industry, says AFP
The Association of Fleet Professionals (AFP) has warned that drug driving is becoming a problem in the fleet industry following the pandemic. Due to Covid-19, there has been a rise…
27 Jul 2022
EV subscription service Onto raises $60m for European expansion
Onto, an electric car subscription service provider, has raised $60m in a Series C funding round led by Legal & General. The round was joined by Onto’s existing backers including Alfvén & Didrikson,…
28 Jun 2022
Livista Energy secures funding to set up lithium refinery in UK
Livista Energy, a start-up seeking to set up one of Europe’s first lithium refineries in England, has secured investment from the UK government, the Financial Times has reported. The start-up…