Tesla Motors Secures $40,000,000 New Financing Round

  • Feed Type
  • Date
    11/3/2008
  • Company Name
    Tesla Motors
  • Mailing Address
    1050 Bing Street San Carlos, CA 94070
  • Company Description
    Tesla Motors was founded in June 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. The company currently employs 70 people, including teams in California, the UK and Taiwan. The background and experience of Tesla’s employees mirrors the vehicle itself, drawing from diverse expertise in the electronics, automotive and Internet industries.
  • Website
    http://www.teslamotors.com
  • Transaction Type
    Debt
  • Transaction Amount
    $40,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The financing will be used primarily to accelerate manufacturing of the Tesla Roadster, an all-electric, high performance sports car. In addition, the funds will be used to expand Tesla’s electric powertrain supply business and continue future product development.
  • M&A Terms
  • Venture Investor
    Undisclosed

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