Volkswagen Group, Siemens invests $450M in Electrify America

Green Car Congress
By mmillikinJun 29, 2022, 7:30 am178 pts
The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 billion. Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a…

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