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More big money for another Electric Car
By Vivek | August 30th, 2007 at 09:15 am ET
Electric cars are all the rage these days and we will have another one to chose from pretty soon(count in years). Shai Agassi, who was member of Executive Board of SAP till earlier this year, is now going launch a new electric car company. And to deliver that car his company is raising big money- $200 million. Main backer behind the venture is Israel Corp, which has agreed to invest $100 million for 33 per cent stake in the company. Not much details beyond that at this point.
I wonder if Jeff Nolan, who was also at SAP earlier, is involved in this venture in any way since he mentioned about his green tech interests on his blog earlier.
Related:
Shai Agassi Blogging
Tesla gets a change at the top
Aperta?s UFO like hybrid vehicle …
Electric Vehicle investments roundup
on August 30th, 2007 at 9:46 am
Why is it that no one can make an electric car that looks decent? That’s all we want… The prius, the honda thingy, the smart… all “energy efficient” cars, but they all look like rolling turds. That’s the reason they’re not selling! lol
on October 16th, 2007 at 12:36 am
I agree with Jimmy, they all do look like rolling turds lol except for the Telsa roadster… That thing is sick!! but it costs to much. Can’t they make a sporty looking car that the pubic can afford?