Coda Automotive Lands $76,000,000 Series D Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=29e68cb7-6baf-42d2-8eb5-05ea8424ed92&Preview=1 - Date
1/6/2011 - 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
$76,000,000 - Transaction Round
Series D - 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. - M&A Terms
- Venture Investor
Harbinger Venture Management - Venture Investor
Riverstone Holdings - Venture Investor
Aeris Capital AG - Venture Investor
Angeleno Group
