Angeleno Group Leads $15 Million Investment in Miles Electric Vehicles
Unternehmen und Markt
Dienstag, den 26. Februar 2008 um 01:15 Uhr
Miles Electric Vehicles announced a $15,000,000 investment round led by the Los Angeles based private equity fund, Angeleno Group, with participation from existing investors.
Funds will be used to advance the development of the all electric MILES XS500 highway speed sedan, which is powered by an advanced technology lithium-ion powertrain, and to expand its leadership in the low speed electric vehicle market.
Headquartered in Santa Monica, California, Miles Electric Vehicles was founded in 2005 by entrepreneur Miles Rubin as an all electric, zero emissions vehicle manufacturer.
(Source and Image: Miles Electric Vehicles)