TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
October 29, 2024
Source: Tiger Group
Tiger Group sale features more than 150 lots from grid-edge tech startup Veloce Energy
LOVELAND, Colorado (10/29/2024)—In an assignment for the benefit of creditors, Tiger Group will auction assets and intellectual property from grid-edge tech startup Veloce Energy on November 7.
“Veloce Energy is known for creating Fastgrid™—a platform geared toward more efficient deployment and operation of infrastructure such as EV charging stations, commercial solar installations and industrial storage facilities,” said Chad Farrell, Managing Director of Tiger Commercial & Industrial. “The company was part of the ‘grid edge’ tech movement, which focuses on modernizing the grid and accelerating the transition away from fossil fuels.”
The timed, online auction of assets from Veloce Energy’s Loveland facility—as well as IP that includes trademarks, logos and two provisional patents—closes on Thursday, November 7, at 10:30 a.m. (MT). Bidding opens on Thursday, October 31, at 10:30 a.m. (MT) at SoldTiger.com.
The online auction features more than 150 lots of machinery and equipment and other assets. They include:
• VPort Battery Energy Storage Systems (BESS)
• Welders
• Oscilloscopes
• Oztec inverters
• Test equipment
• Transformers and power supplies
• Forklifts
• Tools
• Parts
“This plant is extremely clean, with all tools and test equipment—including pieces by leading brands such as Agilent and Oztec—being late-model and in good condition,” Farrell said.
Companies in a wide array of sectors, not just the grid-edge space, could benefit from the manufacturing, assembly and testing equipment available in the sale, he added. “It’s an excellent buying opportunity.”
The online auction is the latest Tiger Group asset-disposition involving “green,” clean energy and/or EV-related companies. The list includes Romeo Power, AquaHydrex, and Lightning eMotors, to name a few.
“We’re seeing explosive creativity in these sectors,” Farrell said. “However, the competition for customers and funding is incredibly intense. It is not uncommon for startups with valuable and potentially game-changing technologies to simply run out of money, which appears to be the case with Veloce Energy.”
For asset photos, descriptions, and other information, visit
https://soldtiger.com/sales/ev-charging-facility-assets/
Inspections are available on Wednesday, November 6, from 10 a.m. to 4 p.m. (MT). To arrange an inspection or obtain other information, email: auctions@tigergroup.com or call (805) 497-4999.
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Media Contacts: At Tiger Group, Maria Hoang, (805) 497-4999 mhoang@tigergroup.com. At Jaffe Communications, Elisa Krantz, (908) 789-0700, elisa@jaffecom.com.
LOVELAND, Colorado (10/29/2024)—In an assignment for the benefit of creditors, Tiger Group will auction assets and intellectual property from grid-edge tech startup Veloce Energy on November 7.
“Veloce Energy is known for creating Fastgrid™—a platform geared toward more efficient deployment and operation of infrastructure such as EV charging stations, commercial solar installations and industrial storage facilities,” said Chad Farrell, Managing Director of Tiger Commercial & Industrial. “The company was part of the ‘grid edge’ tech movement, which focuses on modernizing the grid and accelerating the transition away from fossil fuels.”
The timed, online auction of assets from Veloce Energy’s Loveland facility—as well as IP that includes trademarks, logos and two provisional patents—closes on Thursday, November 7, at 10:30 a.m. (MT). Bidding opens on Thursday, October 31, at 10:30 a.m. (MT) at SoldTiger.com.
The online auction features more than 150 lots of machinery and equipment and other assets. They include:
• VPort Battery Energy Storage Systems (BESS)
• Welders
• Oscilloscopes
• Oztec inverters
• Test equipment
• Transformers and power supplies
• Forklifts
• Tools
• Parts
“This plant is extremely clean, with all tools and test equipment—including pieces by leading brands such as Agilent and Oztec—being late-model and in good condition,” Farrell said.
Companies in a wide array of sectors, not just the grid-edge space, could benefit from the manufacturing, assembly and testing equipment available in the sale, he added. “It’s an excellent buying opportunity.”
The online auction is the latest Tiger Group asset-disposition involving “green,” clean energy and/or EV-related companies. The list includes Romeo Power, AquaHydrex, and Lightning eMotors, to name a few.
“We’re seeing explosive creativity in these sectors,” Farrell said. “However, the competition for customers and funding is incredibly intense. It is not uncommon for startups with valuable and potentially game-changing technologies to simply run out of money, which appears to be the case with Veloce Energy.”
For asset photos, descriptions, and other information, visit
https://soldtiger.com/sales/ev-charging-facility-assets/
Inspections are available on Wednesday, November 6, from 10 a.m. to 4 p.m. (MT). To arrange an inspection or obtain other information, email: auctions@tigergroup.com or call (805) 497-4999.
####
Media Contacts: At Tiger Group, Maria Hoang, (805) 497-4999 mhoang@tigergroup.com. At Jaffe Communications, Elisa Krantz, (908) 789-0700, elisa@jaffecom.com.