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Congress Passes Funding to Replenish PPP

The new bill adds $310 billion to the depleted Paycheck Protection Program (PPP), which offers loans for small businesses to cover employee salaries, paid sick or medical leave, mortgage or rent payments, utilities and other debt obligations.

Motiv Power Systems Secures $60 Million

The $60 million will support the overall growth of Motiv, including opening a new engineering and manufacturing facility in Detroit as well as facilitate further growth in the large-fleet customer segment.

Booster Raises $56M in Funding Investments

The company has now raised more than $88 million in funding from firms such as Invus Opportunities, Conversion Capital, Enterprise Holdings Ventures, Madrona Venture Group, Maveron, Perot Jain LP, Total Ventures and Vulcan Capital.