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Category: Green Cars / Hybrids / Electric Vehicles Page 2 of 3

Berkeley-Stanford CleanTech Conference Presents “Electric Car 2.0: Who Will Win The Race?” on May 5 (Discount Available)

On May 5, the Berkeley-Stanford CleanTech Conference will present Electric Car 2.0: Who Will Win The Race? (Innovation, Policy, and China), the fifth in a continuing series of events highlighting clean technology solutions to address global energy challenges. Panels will discuss new innovations in electric vehicle technology, the opportunities and challenges from China, and the policies that are transforming the automobile industry. Confirmed panelists include:

  • Dian Grueneich – Commissioner of CPUC (Keynote Speaker)
  • Marc Tarpenning – Entrepreneur, Co-founder of Tesla Motors Inc. and NuvoMedia Inc.
  • Dan Mosher – Chief Financial Officer of CODA Automotive
  • Ann Bordetsky – North America Market Development & Policy Manager at Better Place
  • Marianne Wu - Partner at Mohr Davidow Ventures.
  • Mark Duvall – Director at Electric Power Research Institute
  • John Boesel – Pres/CEO at CALSTART
  • Saul Zambrano – Director Integrated Demand Side Management Product Portfolio at PG&E
  • Jit Bhattacharya – CEO of Mission Motors
  • Roland Hwang – Transportation Program Manager at the Natural Resource Defense Council
  • Marc Gottschalk – Partner at Wilson Sonsini Goodrich & Rosati
  • Luca Erceg – President, CEO & Founder of Simbol Mining Corp.
  • Lee Schipper – Professor at Stanford University
  • Bob Hayden – Clean Transportation Advisor to SF Government
  • Eric Toomre – Architect of the bipartisan proposed American Electric Vehicle Manufacturing, or e-Drive Bill (H.R. 4399)

This program will be held on May 5th from 11AM – 6PM at PG&E, 77 Beale Street, San Francisco. This conference is made possible through the Haas Alumni Network and the sponsorship of PG&E, the Berkeley Columbia Executive MBA Program, and MAP.

Thanks to our friends at the Berkeley-Stanford CleanTech Conference, readers of Green VC can obtain a $15 discount on this program when registering online with the code "15percentoff".

The Berkeley-Stanford CleanTech Conference is also looking for volunteers to help with tasks including fund raising, marketing, and day-of-event setup.  Volunteers can attend the event for free.  For additional information send an e-mail to amykim87 [at] gmail.com.

For more information:

JETRO Presents Program on Electric Vehicles and Charge Stations on November 10

Exploring the Future of Electric Vehicles and Charge Stations is the next program in the JETRO Clean Tech Seminar Series.  This program will take place in Portland, Oregon on November 10th and explore the future market and opportunity for electric vehicles and the development of charge stations in Japan and the United States. Speakers will include:

  • Tetsuya Kaida – General Manager of the Business Revolution Corporate Value Creation Department, Toyota Motor Corp.
  • Tosh Arita – Group Head, Honda Strategic Venturing
  • Mark Frohnmayer – Founder, Arcimoto
  • Jeff Kim – President & Chief Operating Officer, Shorepower
  • Jesse Oliver – Director of Sales, AmFor Electronics

This program will take place from 8:30 am – 11:30 am at Two World Trade Center, SkyBridge A&B, 121 SW Salmon St., Portland, OR 97204. This program is free, but the registration deadline is November 6.  For more information:

Video Highlights from Day 1 of The Wall Street Journal’s ECO:nomics Conference

ECO:nomics – Creating Environmental Capital is a conference presented by The Wall Street Journal that is taking place from March 4 – 6 in Santa Barbara, California.  Below are video highlights from the first day of the conference, covering remarks by Eric Schmidt (Chair and CEO, Google) and Alan Mulally (President and CEO, Ford Motor Co.).

Additional information on this conference is available on the conference website and the WSJ's Environmental Capital blog.

The Wall Street Journal Highlights Challenges Faced by Electric Vehicle Industry

Electric-Car Makers Struggle is the Eyes on the Road column for December 8th written by Wall Street Journal senior editor Joe White. The article highlights some of the financial, technology, and other challenges faced by the electric vehicle industry.  There is also a related video, in which Joe White speaks with Brian Wynne, President of the Electric Drive Transportation Association (EDTA).

Shai Agassi Interviewed at Web 2.0 Summit

Below is a video featuring an interview of Shai Agassi (Founder and CEO of Better Place, a company working to build an electric car network) at last week's Web 2.0 Summit.

Elon Musk Interviewed at Web 2.0 Summit

Below is a video featuring an interview of Elon Musk (Board Chair, Product Architect, and CEO of electric sports car company Tesla Motors) at last week's Web 2.0 Summit.

MIT/Stanford Venture Lab to Present “The Electric Vehicle Infrastructure: What’s It Going To Take to Go Electric?” on November 18

MIT/Stanford Venture Lab (VLAB)On Tuesday, November 18, the MIT/Stanford Venture Lab will present a program entitled The Electric Vehicle Infrastructure: What's It Going To Take to Go Electric?. This program will feature the following panelists:

This program will take place from 6:00 – 8:30 pm at the Stanford Graduate School of Business (directions).  The advance registration cost is $35 (discounts are available for students).

For more information:

BYD Receives Approximately $230 Million Investment from Berkshire Hathaway’s MidAmerican Energy Holdings

BYD

MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway, recently announced that it has agreed to purchase 225 million shares, representing approximately a 10 percent stake, in the Chinese company BYD Company Limited. This investment is valued at 1.8 billion Hong Kong dollars, or approximately 230 million U.S. dollars.  BYD’s actitivies include researching, developing, manufacturing, and selling rechargeable batteries, automobiles, and electric automobiles.  BYD was founded in 1995 and has 130,000 employees worldwide.

"We are thrilled to be partners with BYD and the people of China. Mr. Wang Chuanfu has an extraordinary managerial record, and we welcome the opportunity to work with him," said Warren E. Buffett, chairman and CEO of Berkshire Hathaway Inc.

"MidAmerican is pleased to make an investment in BYD – a high-caliber organization, committed to making a dramatic environmental impact with their products," said David Sokol, chair of MidAmerican. "As worldwide discussions relating to global climate change and environmental respect continue, the technologies being developed by BYD will be an integral part of the future."

"We are extremely pleased and grateful that Berkshire Hathaway and MidAmerican will be our long-term investor and partner, as we bring our electric vehicles and other environmental protection measures to the global space," said Mr. Wang Chuanfu, chairman of BYD Company Limited.

According to Bloomberg, Mr. Sokol will join the BYD board as a non-executive director.  Bloomberg also reported that Sokol stated at a press briefing today that the two companies will work together on developing batteries to store energy from wind and solar power generation.  BYD has also previously stated that it plans to sell hybrid cars in the US by 2010.

For more information:

Fisker Automotive Receives $65 Million in Series C Round of Financing

Fisker Automotive

Fisker Automotive, a green American premium sports car company, announced on September 9th that it completed a $65 million Series C round of financing on September 4th. This round was led by a new investor, an affiliate of Qatar Investment Authority (QIA). Existing investors Palo Alto Investors and Kleiner Perkins Caufield & Byers also participated in the round.

The funds will be used to support the development of the company’s first production car, the Fisker Karma, a four-door plug-in hybrid premium sports car.  The company stated that initial deliveries of the Karma are expected to begin in Q4 2009, with annual production projected to reach 15,000.

"We are extremely pleased to have closed our C financing round at this time, particularly in light of the current market conditions," said Henrik Fisker, CEO, Fisker Automotive, Inc. "This shows once again that Fisker Automotive has a solid business plan and a globally experienced automotive team with very strong investors behind the company."

The Fisker Karma was introduced earlier this year at the North American International Auto Show.  The following video provides an initial look at the car from this event.

Fisker Automotive was founded in 2007 by Quantum Fuel Systems Technologies Worldwide, Inc. and Fisker Coachbuild, LLC.

For more information:

Aptera Motors Raises More Than $24 Million in Series C Funding

Aptera Motors

Aptera Motors, a Carlsbad, California-based company that is developing an ultra-efficient vehicle, announced on July 24th that it raised more than $24 million at the close of its series C round of financing.  The company said that the funds will be used to start initial production of its Aptera Typ-1 vehicle and for a new manufacturing facility located in Vista, California.  Aptera Motors’ investors now include Idealab, Esenjay Investments, The Simons Family, The Beall Family Trust, and Google, Inc.

"We’re excited that the tremendous demand that we’ve received from the thousands of individuals who have pre-ordered their Aptera Typ-1 has been matched with a strong endorsement from our investment partners," said Steve Fambro, founder and CEO of Aptera Motors. "The vehicle is exciting, the timing seems perfect and the market is eager to buy one of these first built units. These new funds will be instrumental as we pursue our goal of bringing the Typ-1 to market later this year."

"With energy prices and oil prices where they are, we feel dramatic increases in the efficiency of transportation, like the Typ-1, are greatly needed," said Bill Gross, chairman and CEO of Idealab. "The Aptera Typ-1 is designed to be the lowest energy way to transport two passengers safely from point A to point B. Clearly, our expectations for this first vehicle and this company are very high."

According to the company, the Aptera Typ-1 will be "the most efficient passenger vehicle in the world."  The first production models are scheduled for release in December 2008.  The all-electric version will achieve up to 120 miles per charge, and the hybrid version (which will be available 12 months after) will achieve nearly 300 MPG.  The following video, from the September 2007 Aptera launch party, provides additional information on Aptera Motors.

For more information:

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