Investment
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It's a sad fact of business that many start-up companies fail within the first few years of trading. Electric car fans are quite used to this and even the most promising new companies can struggle. One such company is Green Vehicles, an electric start-up that folded back in July. Green Vehicles had created a three-wheel electric car known as the Triac 2.0. The ungainly little EV was touted to have a 100-mile range and to go on sale from $25,000 before state and federal tax incentives. When the company folded it took over $500,000 of investment from the city of Salinas, California, with it...
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Luxury Hybrid Maker Fisker Automotive Raises Extra $100 MillionFisker Automotive, which manufactures luxury plug-in electric hybrid cars, has raised an extra $100 million in its third round of funding to help fund production of its luxury sedan and a second, cheaper electric car that is geared toward more mainstream hybrid electric car buyers. The 2011 Fisker...
VentureBeat's GreenBeat -
Tesla Motors might seek additional funding for third electric car
Tesla Motors, [NSDQ:TSLA] the company behind the Roadster electric vehicle, might look for additional funding from equity sales to help pay for development of its third electric car — the sport utility vehicle styled Model X — according to the company’s CEO Elon Musk. The company...
VentureBeat's GreenBeat -
Better Place Battery Swap Stations Head to China
What’s the best way to ensure that your electric vehicle technology gets adopted by as many consumers as possible? Take it to China, of course. That’s exactly what electric car infrastructure firm Better Place has done, with the announcement that it has signed a strategic agreement with...
Nikki Gordon-Bloomfield -
Google’s Investment in Transphorm Could be Good News for Electric Cars
Google said today it had invested in a startup called Transphorm, whose power-conversion efficiency technology could some day help create more efficient electric cars. The company’s technology can reduce by up to 90 percent the power lost when one form of energy is converted to the other...
VentureBeat's GreenBeat
