Monroe Capital is partnering with the White House to launch a billion-dollar initiative geared towards improving the country’s landscape for electric vehicles (EV), the firm announced Monday.



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The Hill

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United States

Investment firm launching $1B fund to help suppliers shift to EVs

Monroe Capital partners with White House to launch $1B initiative to improve EV landscape, support small businesses, and enhance auto technology.

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Biden Touts $1B for Auto Suppliers to Retool for EVs

Newsmax

Christopher Ruddy

The firm is targeting the electric vehicle supply chain.

Axios

Cox Enterprises

Monroe Capital raising $1 billion to finance EV parts suppliers

The Biden Administration is backing a $1-billion fund created by asset management firm Monroe Capital LLC to facilitate access to lower-cost capital for small- and medium-sized auto manufacturers planning to invest in transitioning to electric vehicle (EV) manufacturing. The White House has selected Monroe Capital to develop a first-of-its-kind investment strategy focused on supporting businesses operating in the U.S. automotive supply chain, th…

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England

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U.S. Administration Backs $1-Billion Fund for Small Automakers Investing in EVs

The cost of the EV transition is sky-high in the U.S. Small auto suppliers especially find it tough to make the shift.

Inside EVs

A $1 Billion Fund Aims To Revitalize America's EV Suppliers

Read the full story at The Hill. Monroe Capital is partnering with the White House to launch a billion-dollar initiative geared towards improving the country’s landscape for electric vehicles (EV), the firm announced Monday. The project, known as the “Drive Forward Fund LP,” aims to support small and medium-sized companies with supply chain challenges for … Continue reading Investment firm launching $1B fund to help suppliers shift to EVs

Investment firm launching $1B fund to help suppliers shift to EVs

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