Coda Automotive Obtains $33,000,000 Series C Financing Round

  • Feed Type
  • Date
    5/19/2010
  • Company Name
    Coda Automotive
  • Mailing Address
    1601 Wilshire Blvd Santa Monica, CA 90403
  • Company Description
    We were formed by a group of innovators, experts in their fields, motivated to solve some of today’s most pressing problems to leave a better world for their children. Our business model is unique. We maintain complete control of our brand, design, and intellectual property, while finding solutions to help reduce the cost of manufacturing. Coda employs a core team of highly proficient and driven individuals, supported by a global network of partners. Yet, our spirit is that of pure American entrepreneurialism. And by developing practical, convenient, safe and affordable cars, we are leading the electric vehicle revolution.
  • Website
    http://www.codaautomotive.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $33,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    Funding will be used to support the market entry of CODA’s all-electric sedan and to commercialize production of CODA’s transportation and utility application lithium-ion battery systems within Lio Energy Systems, CODA’s battery system manufacturing joint venture with Lishen Power Battery.
  • M&A Terms
  • Venture Investor
    Aeris Capital AG
  • Venture Investor
    EDB Investments
  • Venture Investor
    Angeleno Group, LLC
  • Venture Investor
    Undisclosed

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