- Protean Electric, the global leader in the development and commercialization of in-wheel electric drive systems, yesterday announced $84 million in new funding from GSR Ventures, New Times Group, Oak Investment Partners and the city of Liyang, Jiangsu Province, China. This capital will be used to bring Protean’s breakthrough electric drive technology to production by establishing manufacturing facilities in Liyang. The funding is led by GSR Ventures, a venture capital firm based in Beijing and Silicon Valley.
- NGVAmerica just unveiled the “NGV Forum,” a new on-line industry news and dialogue service. The NGV Forum, which can be accessed at www.ngv.com, will provide the latest industry news and analysis. It also will serve as a conversation hub for members of the NGV community by providing them the opportunity to share their views and opinions on the important issues facing the industry today, and keeping stakeholders up to date on what’s happening. The Burkhead Brand Group (BBG) developed the NGV Forum in conjunction with NGVAmerica, and will oversee its operation.
- Mitsubishi Motors North America announced a fleet program for the remaining 2012 model year all-electric i-MiEV. Buyers will receive a $1,500 fleet incentive through an enhanced ordering process. “The i-MiEV is a perfect car for short distance delivery with clean, economic, quiet and comfortable driving, and now this new incentive makes this vehicle more attractive for fleet customers,” says Mitsubishi’s Joe Delello. For more information, visit mitsubishicars.com/imievfleet.
