Finance

electrovaya

Electrovaya Reports Revenue Growth Of 1400 %

Battery manufacturer Electrovaya, supplier of lithium-ion batteries for Dongfeng Motors, announced that revenues in the quarter ending June 30 amounted to $2.131 million. Thanks to a low base, this is 1,400% more than in 2013. Electrovaya seems to ramping-up production after $1.835 million revenues in Q1, however net losses for…

3 months ago by Mark Kane 8

UQM Technologies PowerPhase Pro HD series

UQM Technologies Revenues Down Almost 50% in Q2

UQM Technologies announced that the quarter (Q2) that ended June 30, 2014 brought a drop of revenues by almost 50% from $1.9 million in 2013 to just $1.0 million this year. This didn’t help income. In fact there is net loss of $1.3 million. Eric R. Ridenour, UQM Technologies President…

3 months ago by Mark Kane 1

Brammo Empulse R

TEAM Industries Invests in Brammo, Begins Strategic Partnership

Electric motorcycle manufacturer Brammo announced that it entered into a strategic partnership with TEAM Industries. Both companies would like to to join forces to design and develop world-class electric vehicle drivetrains for the next generation of electric vehicles. We are of course curious who could be the customers for those…

4 months ago by Mark Kane 0

Vectrix assets in boxes

Vectrix Assets To Be Auctioned June 18, 2014

Electric scooter maker Vectrix, which a few months ago ultimately went underwater, soon will be auctioned. The Bankruptcy Trustee announced in May that the company’s assets will be auctioned on June 18, 2014, at its New Bedford, Massachusetts former headquarters. “Introduced in 2006, the Vectrix was the first commercially available high…

6 months ago by Mark Kane 0

YASA Motors

YASA Motors Raises Over $8M To Increase Production Capacity

British company YASA Motors, a developer of small, light electric motors, announced that it secured £5M funding (over $8 million). “YASA Motors, the company delivering ultra-high performance electric motors, has received a strong boost with the investment of £5m.  The new equity finance has been raised from a combination of…

10 months ago by Mark Kane 1