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CARB certifies Mullen’s Class 1 EV cargo van

Charged

The certification also makes the Mullen ONE eligible for EV cash incentive programs, which vary by each eligible CARB-compliant state. Source: Mullen

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Big Oil Has $150 Billion in Cash and Investors Want a Share

Energy Central

Companies boost shareholder returns and keep funds for when the boom goes bust WSJ BY DAVID UBERTI, MAY 8, 2023 Oil-and-gas companies have built up a mountain of cash with few precedents in recent history. Many companies are cutting costs and raining cash on stock.

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Australian firm Recharge Industries quietly acquires defunct battery maker Britishvolt

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For reasons best known to themselves, the pols turned off the subsidy spigot , and when the company got into cash-flow problems, it expired. The company was portrayed as a possible saviour of the languishing British auto industry, and as such it was awarded substantial government funding.

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Mullen Automotive acquires Bollinger Motors

Charged

million in cash and stock for a 60% controlling interest. This acquisition provides Mullen with the unique opportunity to aggressively expand into the high-demand commercial EV space,” said David Michery, CEO and Chairman of Mullen Automotive. Mullen paid $148.2

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Smart Energy Finances: Global equity funds acquire Energy Exemplar

Smart Energy International

The two buyout firms will each hold a 50% stake, with Energy Exemplar’s existing owner Riverside Company cashing out. “We We couldn’t be more excited to work with Vista, David, and the management team to drive the next stage of development for Energy Exemplar and its technology solutions supporting grid reliability and decarbonisation.”

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Eco Charger: Electric quad bike business revs up expansion plans

Business Green

Electric quad bike business Eco Charger has received a £350,000 cash injection from UK Export Finance (UKEF) and HSBC UK, which it will use to fund the expansion of its business into North America. UK Export Finance (UKEF) and HSBC UK have invested in the eco-bike business in order to help fuel its international growth.

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Cash may be king, but people are clean tech firms' biggest asset

Business Green

Hyperion Executive Search CEO David Hunt offers his take on how clean tech firms can survive – or even thrive – in a recession. While cash is indeed king, your people are your biggest asset. David Hunt is the founder and CEO of specialist executive search firm Hyperion Executive Search.

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