Just a month after being turned down for low-interest loans by the U.S. Department of Energy, the reclusive V-Vehicle Co. has shown a drivable prototype of its affordable, green V-Car to Louisiana governor Bobby Jindal and members of the press in Baton Rouge. While no photos were allowed, many more details have emerged of the car and its equipment. V-Vehicle says the V-Car would sell in the very low five figures--perhaps for no more than $11,000. Before now, the mystery car had been seen only by a handful of investors. Loan quest ongoing Under interim CEO (and noted venture capitalist) Ray...
DoE Says No, Denies Secretive Startup V-Vehicle Loan Request
Looks like secretive startup V-Vehicle Co. won't be joining Ford, Nissan, Tesla, and Fisker in getting government guarantees for low-interest loans to invest in advanced vehicle technology. Yesterday the U.S. Department of Energy turned down a $321.1 million loan application by V-Vehicle (VVC)...John Voelcker