Reva Receives $20 Million Cash Infusion
Reva Electric Car Company Private Limited is the only automobile company in India, which manufactures electric cars. And they have announced receiving investments worth USD 20 million from Draper Fisher Jurveston and Global Environment Fund.
This investment would help the company expand and consolidate its position in world’s electric car production market.
They would use this money to expand business by increasing production capacity, developing newer models and further enhancing its international and domestic distribution.
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The wheel robots, complete with their own suspension, remove the need for a drive shaft and even the engine block, freeing up designers to make new use of the space in the car.
There are about 30 members in the Florida chapter, and many own several of the vehicles.
Brent's Quadbrid tow-car and electro-dragster is the world's first fully sustainable race outfit. Photo courtesy of Las Vegas Electric Vehicle Association
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