Green Options

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.”

Do you need to raise funds for your local school or non-profit organization? Consider Funding Factory’s funding-through-recycling program.

While funding in a down economy is not an easy task for any kind of venture, schools and non-profits seem to bear the brunt of the recession even more than for-profit companies. But as funding gets even tighter, the concept of a green economy is burgeoning. One company, Funding Factory, actually provides by being the first link in supply chain for re-manufacturing.

If you do not want to waste precious moments searching the internet for the top stories in business and finance, or if you have found an ideal economics news story that you would highly recommend to other readers, then Tip’d might quickly become your business social destination everyday.

In the current business climate, readers are increasingly scouring the web for business and financial news from around the world. Tip’d is here to deliver the best business stories recommended by other readers like yourself. Tip’d (tipd.com) is a community for financial news, ideas, and tips. Given the important political decisions ahead and the evolving state of the economy, this social news site is perhaps more of a necessity rather than merely a convenient online news destination.