2GreenEnergy Celebrates Successful Placement of CleanTech Investment Capital
In today’s tightly-knotted world of investment capital, we don’t require huge victories to merit a celebration. Last week, I received word that 2GreenEnergy had successfully arranged a modest but not insignificant investment contribution to our client Vision Motor Cars, which will enable the construction of a number of test vehicles of the company’s latest design, in this case, super-affordable light-duty electric trucks.
Most of us who follow the electric vehicle market remain at sea regarding a crucially important issue: can a successful EV program come only from an established auto manufacturer? We’ve certainly seen a great number of start-ups fold their tents. Even the exalted Tesla has disappointed some analysts, which seems unthinkable, given what I think of as its “dream cars,” not to mention its price-points that result in some really healthy operating margins.
But I, for one, still believe in the concept of an EV start-up, as long as the product can be solidly differentiated in the market, and offers the customer something of unique and obvious value. And that’s precisely what this happy investor saw in Vision Motor Cars: a cool, well-thought-through design, resulting in a high-quality yet affordable product.
Next step: building and selling e-trucks. Now let’s see if we can find a reasonably smart marketing guy with a decent track-record to help make this happen. 🙂
Congratulations!
Thanks, Tom. A big moment around here, I can tell you.
And thanks for referring me to Shawn Kravetz; I’ve learned a great deal from him, and I just recording a really good webinar with him when I was back in Boston on Tuesday. I’l have it on the site shortly.
This is wonderful news – I’m so pleased to hear it! Congratulations, my friend!
Send me more information on the product for distributing vehicles.
I live in the sunny Palm Springs, CA area, please send information on how to become a distributor.
Carmen and Robert: The client has worked out distribution on the US, and satisfied (at this point anyway) in their current approach. Please stay in touch, though, as things tend to change.
This is good news.
I looked up the investment info and the stock is trading at a nickel/share. The company lost about $1.3M each quarter last year. Their assets were listed at $786k.
So how much capital did they receive and how much equity did they give up?
The money is to build more prototype demo’s?
How much will they need to commercialize the project?
It is far easier to do conversions, but the prices for conversions are extremely high.
Anyone interested in this space should look at http://www.EcoVElectric which is ready to commercialize an affordable, safe, versatile city based family of EV’s.
We are ready to start production in 9 months with an experienced team of ex-automaker people from all areas of automotive.
Hi, Richard. You have the wrong VMC; this one’s not publicly traded. Sorry, I don’t think they’d be happy if I published too much more info.
Link should be http://www.ecovelectric.com 😉
Hello Craig,
Congratulations !!!!! Felt very happy to hear about it.Have faith and keep going.Wishing you godspeed
shrinivas