5 Comments

Summary:

Update: Venture Vehicles Founder and EVP of Design & Engineering, Ian Bruce, just confirmed the company’s funding with us via email. While green car startups like Tesla are already going through growing pains, other eco-vehicle startups are raising their Series A rounds. Venture Vehicles, a Los […]

venturevehicles.jpgUpdate: Venture Vehicles Founder and EVP of Design & Engineering, Ian Bruce, just confirmed the company’s funding with us via email.

While green car startups like Tesla are already going through growing pains, other eco-vehicle startups are raising their Series A rounds. Venture Vehicles, a Los Angeles, Calif.-based maker of a 3-wheel, plug-in hybrid vehicle has raised $6 million in Series A funding, according to a regulatory filing cited by PEHub. Investors included NGEN Partners and DVC Technologies NV.

Their 2-passenger “VentureOne” hybrid vehicle can achieve 100 mpg, a top speed of over 100 mph, and will use a battery by startup A123Systems, according to the company’s Web site. The vehicle tilts like a motorcycle and as such is classified as one, according to the NHTSA. Venture Vehicles actually describe the hybrid as “iPod Cool” and compares the driving experience to “flying a jet fighter two feet off the ground” — sounds like they’re aiming for the well-paid mid-life crisis set. We contacted the company and we’ll add more details if we learn more.

In other funding news, Craton Equity Partners is reported to be halfway through raising a planned $250 million fund that will focus on clean tech, according to VentureWire [via VentureBeat].

  1. [...] Earth2Tech: Venture Vehicles, maker of a 3-wheel, plug-in hybrid vehicle, has raised $6 million in a Series A round. [...]

    Share
  2. ….and then I invested in some dumb stuff…..

    Share
  3. [...] Earth2Tech: Where the venture funding hits the pavement. Literally. A report on venture-funded green cars. [...]

    Share
  4. [...] Fehrenbacher No Comments Posted August 20th, 2007 at 11:44 pm in Startups Last week it was Venture Vehicle’s series A round, and this week Dan Primack at PEHub says that electric SUV and truck maker Phoenix Motorcars is in [...]

    Share
  5. [...] here, will be manufacturing its vehicles in its Carlsbad, Calif. facility. And Venture Vehicles, funded last summer, will be building its “VentureOne” in California [...]

    Share

Comments have been disabled for this post