Hive Technologies Announces $30 Million In New Funding To Unlock The Full Carbon Benefit Of Electric Vehicles

Dec 14, 2021•over 3 years ago

Amount Raised

$30 Million

VancouverPrivacy And SecurityConsumer GoodsFinancial ServicesSoftware

Description

Hive Technologies Inc., the company unlocking the full carbon benefit of electric vehicles (EVs), today announced $30 million in new funding. The investment accelerates the company’s vision to ensure that future generations benefit from cleaner air quality by expanding affordable access to EVs and renewable energy-based charging infrastructure. This combination is critical to expedite EVs’ full carbon reduction potential. Hive’s unique model reduces the ROICO2 (Return on Invested Carbon Dioxide) of EVs to one year, down from approximately seven on average with today’s utilization

Company Information

Company

Hive

Location

Vancouver, Washington, United States

About

All unexercised Special Warrants shall be deemed exercised on behalf of, and without any required action on the part of, the holders (including payment of additional consideration) on the earlier of: (i)the second business day following the date on which the Company files a prospectus supplement after a receipt is issued for an amended and restated (final) short form base shelf prospectus by the British Columbia Securities Commission (the “BCSC”), as principal regulator on behalf of the securities regulatory authorities in each Province of Canada, except Québec, qualifying the distribution of the Unit Shares and Warrants to be issued upon exercise of the Special Warrants (the “Qualification Date”); and (ii)4:59 p.m. (Toronto time) on the date which is four months and a day following the Closing Date (the “Qualification Deadline”). HIVE is a growth-oriented technology stock in the emergent blockchain industry.

Funding Insights

Based on industry data

Tech investment trends

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