Sun Mobile | Jotup

Apollo Funds and Vitol Announce WattEV Financing Partnership

Retrieved on:

Wednesday, November 8, 2023

Strategic sustainable investing, APO, EV, NYSE, Port, Wind, Entrepreneurship, Investment, Sun Mobile, Port of Long Beach, Growth, Transport, Marathon Capital, Pass, Rail transport, Renewable energy, Vitol

NEW YORK, HOUSTON and LONG BEACH, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Vitol today announced that Apollo-managed funds (the “Apollo Funds”) and Vitol have agreed to provide a structured debt and equity financing to WattEV (“WattEV” or the “Company”), an industry leader in heavy-duty freight electrification providing end-to-end solutions to customers through the development of electric charging infrastructure and provisioning of electric vehicle trucks.

Key Points:

NEW YORK, HOUSTON and LONG BEACH, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Vitol today announced that Apollo-managed funds (the “Apollo Funds”) and Vitol have agreed to provide a structured debt and equity financing to WattEV (“WattEV” or the “Company”), an industry leader in heavy-duty freight electrification providing end-to-end solutions to customers through the development of electric charging infrastructure and provisioning of electric vehicle trucks.
New financing from the Apollo Funds and Vitol will help WattEV fund the development of its near-term truck charging depots throughout California, including locations in warehouse districts in nearby Gardena, San Bernadino, and Bakersfield.
The transaction underscores Apollo’s commitment to driving a more sustainable future and long track record of investing in or lending to companies supporting the energy transition.
Marathon Capital served as financial advisor to WattEV on the transaction.

Battery Swapping Market worth $11.8 billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Friday, January 13, 2023

BSS, Sun Mobile, EV, Geely, Architecture, Lifting, Travel, ASEAN, Car, Kyoto Protocol, Kyoto, Light, Mobile backend as a service, Taxicab, Electric battery, Rail transport

Battery swapping requires an electric car that is suitable and has a battery architecture built for the swap.

Key Points:

Battery swapping requires an electric car that is suitable and has a battery architecture built for the swap.
The battery lift is lifted till it touches the underside of the battery pack, which helps in battery removal.
Asia Pacific has been the dominant regional market for battery swapping since 2018 due to the increased demand for electric vehicles.
Geely's head of battery swapping, Mr. Yang Quankai, claims that by 2025, there will be 5,000 battery swap stations operating throughout China.

Battery Swapping Market worth $11.8 billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Friday, January 13, 2023

BSS, Sun Mobile, EV, Geely, Architecture, Lifting, Travel, ASEAN, Car, Kyoto Protocol, Kyoto, Light, Mobile backend as a service, Taxicab, Electric battery, Rail transport

Battery swapping requires an electric car that is suitable and has a battery architecture built for the swap.

Key Points:

Battery swapping requires an electric car that is suitable and has a battery architecture built for the swap.
The battery lift is lifted till it touches the underside of the battery pack, which helps in battery removal.
Asia Pacific has been the dominant regional market for battery swapping since 2018 due to the increased demand for electric vehicles.
Geely's head of battery swapping, Mr. Yang Quankai, claims that by 2025, there will be 5,000 battery swap stations operating throughout China.

Battery Swapping: From Two-Wheelers to Trucks, Reports IDTechEx

Retrieved on:

Thursday, July 7, 2022

The new report by IDTechEx, " Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ", covers the various players in this field and benchmarks their swappable battery modules by weight and power capacity.

Key Points:

The new report by IDTechEx, " Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ", covers the various players in this field and benchmarks their swappable battery modules by weight and power capacity.
Source: IDTechEx " Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts "
Fleet vehicles with high daily mileage are more suitable for battery swapping because they are more sensitive to downtime costs.
On average, IDTechEx research suggests that decoupling the cost of the battery can reduce the purchase price of EVs by 20%.
The IDTechEx report includes the major Chinese players in the battery swapping supply chain and technical parameters of the various battery swapping truck models.

Battery Swapping: From Two-Wheelers to Trucks, Reports IDTechEx

Retrieved on:

Thursday, July 7, 2022

The new report by IDTechEx, " Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ", covers the various players in this field and benchmarks their swappable battery modules by weight and power capacity.

Key Points:

The new report by IDTechEx, " Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ", covers the various players in this field and benchmarks their swappable battery modules by weight and power capacity.
Source: IDTechEx " Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts "
Fleet vehicles with high daily mileage are more suitable for battery swapping because they are more sensitive to downtime costs.
On average, IDTechEx research suggests that decoupling the cost of the battery can reduce the purchase price of EVs by 20%.
The IDTechEx report includes the major Chinese players in the battery swapping supply chain and technical parameters of the various battery swapping truck models.