Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Electric Truck Company Workhorse Gets Needed Cash Infusion Advertisement Supported by ByMatthew Goldstein June 10, 2019 Workhorse, the electric truck maker involved in a proposed deal to acquire an idled General Motors factory in Ohio, said Monday it had raised $25 million from investors. The company, based in Cincinnati, said the money would come from an unnamed group of institutional investors and was not intended to go toward the purchase of the G.M. plant. In a regulatory filing earlier this year, Workhorse said it needed to raise at $22 million to continue as a going concern and begin making delivery trucks for UPS, DHL and its other customers. Up until recently, Workhorse had operated in virtual obscurity. But the 12-year-old company made headlines last month when G.M. said it was having … [Read more...] about Electric Truck Company Workhorse Gets Needed Cash Infusion
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2014 BMW i3 REx fast-charging at Chargepoint site, June 2016 [photo: Tom Moloughney]Enlarge PhotoAfter opposing the settlement over diesel emissions cheating that led VW to spend $2 billion building out a nationwide network of fast chargers, and suing one of Electrify America's suppliers for patent infringement, ChargePoint, the last of the original charging-network providers for electric cars, is moving to focus on commercial charging applications. On Thursday, the company announced it is acquiring Kisensum, an energy management software company that works with power grids to determine when to shift loads among the grid, solar, and batteries. Simon Lonsdale, ChargePoint's chief strategy officer, says the move will allow ChargePoint to focus on charging for commercial fleets such as buses and delivery trucks, and eventually to move toward charging for fleets of electric taxis and autonomous cars. DON'T MISS: Gas stations aren't a model for electric-car charging: ChargePoint CEO … [Read more...] about ChargePoint invests in commercial charging for buses, delivery vans, taxis
There’s been plenty of discussion about how autonomous vehicles will effectively annihilate the trucking and taxi industries. We’ve certainly discussed it — in addition to concerns that self-driving vehicles may not reduce pollution and traffic congestion as promised. Fear not, claims a recent report sponsored by Securing America’s Future Energy. The problem of self-driving cars displacing huge numbers workers is apparently overblown when compared to the economic impact as a whole. According to the study — “America’s Workforce and the Self-Driving Future” — the loss in employment opportunities should be offset by the potential advantages in safety, cheaper transportation, mobility, air quality, and individual productivity. The report says that by 2050, AVs will contribute between $3 and $6 trillion in cumulative consumer and societal benefits to the U.S. economy. While it’s not clear how much of that will go … [Read more...] about Report Claims Self-driving Cars Will Make So Much Money, No One Will Care About Employment Losses
This month, it seems like electric trucks are coming coming off the drawing boards and onto the roads, right and left. But Nikola, with its hydrogen trucks, and Tesla with its all-electric models, are hardly the first truck makers to turn to electricity. Commercial Truck company of Philadelphia built 5-ton electric trucks as far back as 1912. We know because two of these C-T Model A 10 trucks showed up for sale on simultaneously on Hemmings Motor News last month. Both belonged to the Curtis Publishing Company, which printed and distributed the Lady's Home Journal, the Saturday Evening Post, The American Home, The Country Gentleman, Holiday, and Jack and Jill. The company maintained a fleet of 22 Commercial Trucks, built nearby, to haul coal and rolls of printing paper to their plant, and to distribute the publications to the post office and to local newsstands. The Model A 10 trucks were rated at 5 tons, but records show they regularly hauled 10 tons of newsprint and magazines … [Read more...] about 1912 electric truck: Take that Tesla Semi!
Whether you are buying a new or pre-owned vacuum truck, you must get the right one. But doing so means doing your homework, reading through tons of documentation, and knowing why warranties vary depending on the truck and location. And this is just the beginning. Here are a few tips to help you buy your first vacuum truck. Royalty Free Photo Do Your Homework Never rush into a deal, no matter how attractive it looks. Instead, first research a seller’s background, looking for red flags. If the company is not bonded, has too many negative reviews, or has any pending judgments, walk away. Also, contact your local chamber of commerce for references. If none of them has a favorable opinion of the seller, even claiming that they’d never buy another truck from the company or individual, look elsewhere. Get the Right Documentation Besides knowing the seller, know as much as you possibly can about the truck as well. Remember, manufacturing companies like Satellite Industries inc sell … [Read more...] about 5 Essential Tips When Buying Your First Vacuum Truck