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.
Proceeds Purposes The funding will be used to prepare for start of production of the company’s flagship all-electric vehicle, the CODA Sedan, and to support the company’s 2011 sales and marketing efforts. The investment will also fund additional equity investment in the company’s joint venture battery production facility where CODA will manufacture its multi-purpose Lithium-ion power battery systems for automotive and utility applications.