Indian EV maker Reva gets extra $20 million investment

Posted Dec 7th 2006 at 11:18AM by Sam Abuelsamid

Indian electric car manufacturer Reva has just scored additional investments of $20 million from Draper Fisher Jurveston and Global Environment Fund (GEF). Reva's cars are currently available in UK, Italy, Malta, Sri Lanka, Cyprus and Greece, but not in Australia. The new money will be used to expand their production and distribution capacity, and develop new models. According to GEF president and CEO Jeffery Leonard this is the fund's first investment in an electric vehicle manufacturer. The Reva has a range of about 50 miles and a top speed of 40 mph.

[Source: TechWhack.com via Hugg]

Tags: draper fisher, draper fisher jurveston, DraperFisher, DraperFisherJurveston, gef, global environment fund, GlobalEnvironmentFund, reva, reva ev, RevaEv

Add your comments

Your comments:

Remember me

E-Mail me when someone replies to this comment

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Paris 2008: Ssangyong C200

Peugeot HYmotion3 Compressor Concept

Peugeot Prologue HYmotion4

Peugeot RC HYmotion4 concept

Opel Insignia ecoFlex

Paris 2008: Honda Insight Concept

Nissan NUVU concept - Live Shots

Paris 2008: Citroen Hypnos

Citroen C4 WRC HYmotion4

Find Your Next Car

Resources

Search for your next new car at NewCar.com. Read reviews, get free pricing, and much more.

Motor Trend Magazine has extensive coverage of all cars online including road tests, free videos, buying guides, etc.

Looking for a better auto insurance rate? InternetAutoGuide.com's free quote and agent locator can help you get lower rates online.

Automotive.com's auto loan locator can help you get a lower new car finance rate. Let lenders compete for your business!

AutoblogGreen bloggers (30 days)

#	Blogger	Posts	Cmts
1	Sam Abuelsamid	141	17
2	Sebastian Blanco	112	6
3	Jeremy Korzeniewski	104	2
4	Domenick Yoney	40	0
5	Xavier Navarro	38	0
6	Gary Witzenburg	2	0
7	Chris Shunk	1	0
8	Damon Lavrinc	1	0

Recent Comments

Other Weblogs Inc. Network blogs you might be interested in:

The best of WoW Insider: September 30-October 7, 2008 Halo novel 'The Cole Protocol' releases Nov. 25 Rod Humble promoted to The Sims label lead	Jason's Favorite Windows apps: MindManager Emerge Desktop provides a cleaner Windows desktop Appnr: Web-based app director and installer for Ubuntu
First Look: Logbook for Mac How to use Photoshop's Lens Blur tool for tilt-shift fakery (Part 1 of 2) The fantastic At Bat is on sale	UK to buy pieces of large banks, US could follow Japan market falls over 9%, other world markets collapse Hey AIG, where's my pedicure?
Ask X3F: Cheevoholic edition Tune into Saints Row 2's radio soundtrack Eight Deadly Sins of Gears 2's Horde mode	GM on Corvette ZR1 cancellation rumor: "Not true." Twin Cities bridge debuts 30-foot tall pollution-sucking sculptures Cobalt owners take their cars home to Lordstown
Strong hint of EndWar coming to the PC More changes in the latest top 10 best selling PC games list New head for EA Sims label announced	How Are the Falcons Doing It? Steelers Favorite Psychopath Should Be Back for Bengals Game Three Jaguars Fans Injured After Falling Glass Panel -- Caused by a Fight -- Lands in Stands