By Andrew Williams •
July 29, 2009
Santa Monica, California-based EV start-up Coda Automotive has raised a cool $24 Million to support the development and 2010 California market entry of its all-electric sedan and funding of its battery manufacturing joint venture.
The funds came after a successful bid under the Series B Investment Round, backed by a team including former U.S. Treasury Secretary Henry M. Paulson, Jr. & Farallon Capital Founder Thomas F. Steyer.
In a press release Kevin Czinger, president and CEO, Coda Automotive said, “Coda’s ability to raise capital under challenging market conditions and the caliber of our investors attest to the strength of our business model (video) and the opportunity that exists in the electric car and battery sectors.”
By Andrew Williams •
July 29, 2009
Toyota has revealed that its eagerly anticipated iQ-based all-electric car will receive its own individual body-style makeover, to create a stand-alone model set to become Toyota’s first all-electric car.
It appears that the electric iQ, due for launch in 2010, will not be pushed in the same market sectors as the original. Speaking about the strategy Hiroki Nakajima, chief engineer for the iQ said, “We wanted to position the iQ as premium, but not so the BEV (battery electric vehicle).” Perhaps they think that your average EV user is a little more low-rent than other drivers?
By Andrew Williams •
March 19, 2009
Italian car company Tazzari has announced plans to launch its Tazzari Zero all-electric vehicle in the North American market next year.
The all-electric 2 door super mini (video) weighs in at a tiny 542 kilograms (around 1,200 lbs), leaving it capable of achieving 100 km/h (62 mph) in a nimble 5 seconds, with a top speed of 80 km/h (50mph) (more pics after the jump).
