Wells Fargo will provide a senior-secured revolving credit facility, allowing Orange EV to borrow as much as USD100m when it needs to. The company says that the money will be used to support working capital needs and growing its business, namely production of chargers and expansion of vehicle rentals and leasing.
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Bradley Osborne's focus is on press releases and private sector announcements related to the automotive and transportation industries, specifically electric vehicles, hydrogen technology, and telematics. If you are representing a company in these sectors with significant updates or new product launches, reaching out to Bradley could be beneficial. Consider providing clear insights into how these developments impact the industry as a whole or specific markets.
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