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.”

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Do you need to raise funds for your local school or non-profit organization?  Consider FundingFactory’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, FundingFactory, actually provides by being the first link in supply chain for re-manufacturing.

Educational and nonprofit fundraising organizations within the continental United States can earn funds for technology, classroom equipment and even cash through FundingFactory’s fundraising-through-recycling program. Each year more than 350 million inkjet and laser cartridges are thrown away. In addition, 35 million cell phones are discarded. Funding Factory, alleviates the volume of waste in landfills while providing a beneficial fundraiser for nonprofit organizations nationwide by purchasing used recyclable cell phones and cartridges.

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Much like Digg, Tip’d is a site that has the advantage of showing up at the right time. The stock market has recently been on a roller coaster ride and the world’s economy has been on the brink of depression for over a month. As you know most speculative behavior is driven by human emotion which tends to spread news like wildfire. In this scenario, Tip’d has found the perfect fit by offering an ideal platform for readers to share their favorite business stories.

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