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Envirotech Vehicles lands $10 million financing boost from GOBA Capital
Auto
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Envirotech Vehicles is primed to accelerate its growth with a $10 million financing line from GOBA Capital, facilitating the production of over 200 electric vehicles for PLUGD Electric Leasing and Rentals. Additionally, the company expects to benefit from over $100 million in financing commitments from its partner Karla Mae Capital, boosting its market presence.
By
Khushi Jain
Hybrid electric vehicles drive increase in U.S. electric and hybrid market share
Economy
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The share of electric and hybrid vehicle sales in the U.S. increased to 18.7% in the second quarter of 2024, driven primarily by a rise in hybrid electric vehicle sales.
By
Anju Dukia
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