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funding

8 stories tagged funding on EV Digest.

Battery

Pentagon Reroutes EV Battery Factory for Military Drone Production with $75 Million Grant

The U.S. Department of Defense is leveraging a significant $75 million grant to repurpose a civilian electric vehicle battery production line for military applications. This funding will enable Amprius to pivot its manufacturing capabilities toward producing high-energy-density batteries specifically for military drones. The move highlights a strategic national interest in securing advanced battery technology for defense purposes.

October 5, 2026·Electrek·Amprius
Market

Saudi EV Manufacturer Ceer's Funding Under Scrutiny Amid PIF's Shifting Commitments

Ceer, Saudi Arabia's ambitious electric vehicle venture, claims to be fully funded until 2040 by the Public Investment Fund (PIF). However, recent actions by the PIF, including withdrawing support for LIV Golf, raise questions about the long-term certainty of such commitments in the kingdom's investment landscape. The comparison prompts a closer look at the stability of funding for major Saudi projects.

September 28, 2026·Autocar (UK)·Ceer
Autonomous

Waymo Secures $3 Billion Debt Deal to Fuel Autonomous Vehicle Expansion

Autonomous driving technology leader Waymo has raised $3 billion in its inaugural debt financing round, backed by major financial players like Pimco and Blackstone. This significant capital injection is poised to accelerate the deployment and development of its robotaxi services, signaling strong investor confidence in the future of self-driving technology.

September 2, 2026·Bloomberg (Google News)·Waymo
Autonomous

XPeng Robotics Secures $900M to Accelerate Humanoid Robot Development, Targets 2026 Production

XPeng's robotics division has raised over $900 million, boosting its valuation to $6.3 billion, to advance its ambitious humanoid robot project, IRON. This significant funding round aims to push the IRON robot into mass production by late 2026, positioning XPeng to potentially outpace rivals in the rapidly evolving humanoid robotics sector.

August 24, 2026·Electrek·XPeng
Autonomous

Xpeng's Robotics Unit Achieves $6.3B Valuation Following Major Funding Round

Xpeng's robotics subsidiary has secured a record-breaking funding round, propelling its valuation to over $6.3 billion. While the immediate focus is on robotic dogs and pony-like companions, this significant investment underscores Xpeng's long-term vision to integrate advanced robotics technology into its future EV ecosystem, including potential applications for autonomous driving and smart cockpits.

August 24, 2026·Reuters Autos (Google News)·Xpeng
Models

Revoy Secures $27 Million to Electrify Semi-Truck Trailers with Hybrid Tandem Axle

Revoy has raised $27 million to advance its innovative hybrid tandem-axle trailer, designed to transform conventional diesel semi-trucks into electrified powertrains. This technology integrates batteries and an electric drive axle directly into the trailer, promising to significantly reduce fuel consumption for trucking fleets.

August 4, 2026·Electrek·Revoy
Regulation

Florida Attempts to Divert $200M in Federal EV Charging Funds to Air Taxis

Florida is seeking to reallocate $200 million in federal funding, originally designated for building out its electric vehicle charging infrastructure, towards the development of electric vertical takeoff and landing (eVTOL) aircraft, also known as air taxis. This controversial move, if approved, would redirect critical resources from the state's EV charging network to an unproven and currently unapproved transportation technology.

August 1, 2026·InsideEVs·Florida
Autonomous

Momenta, GM-backed self-driving firm, eyes $752 million Hong Kong IPO

Momenta, an autonomous driving startup partially funded by General Motors, is reportedly seeking to raise approximately $752 million through a public listing in Hong Kong. This move signals Momenta's strategy to secure significant capital as it competes in the rapidly evolving self-driving technology market.

June 30, 2026·Bloomberg (Google News)·Momenta
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