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

PRIVATEDec 14, 2021

Amount Raised

$30 Million

Round Type

Funding Round

Financial ServicesSoftwareConsumer GoodsArtificial IntelligencePrivacy And SecurityMachine Learning

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

Quick answer

Hive raised $30 Million in a Funding Round round, dated December 14, 2021.

How much did Hive raise?
Hive raised $30 Million in a Funding Round round on December 14, 2021.
What does Hive do?
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..
Who are the decision-makers at Hive?
Fundz holds 2 contacts at Hive, including the Head of Marketing. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Consumer Goods around the same time

Companies in the same sectors as Hive that raised within 45 days of this round, from Fundz verified event records.

  • Secret Network raised $400M on January 19, 2022.
  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Graid Technology raised $15M (Series A) on January 25, 2022.
  • Fathom raised $4.7M (Seed) on January 24, 2022.
  • Silveredge Government Solutions raised $37M on January 24, 2022.

Who to call at Hive, and when

A new round usually means Hive is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Hive raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Hive, from your own LinkedIn network

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Company Information

Company

Hive

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.

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Related People

2 contacts
Verified contactsMichaela R., Head of Marketing hiddenSee plans and pricing
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Hive raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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