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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 the process of raising a $15 million series A round from Kleiner Perkins Caufield & Byers, Virgin Fuels and […]

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 the process of raising a $15 million series A round from Kleiner Perkins Caufield & Byers, Virgin Fuels and AES Corporation.

Founded in 2001, the Rancho Cucamonga, Calif startup uses battery technology from Altairnano, and motor drive system technology from UQM Technologies. According to the company’s website the electric vehicles have a range of roughly 130 miles. The company mainly sells fleet vehicles to companies right now, but will offer consumer vehicles next year. Primack says that the company plans to raise an additional $85 million sometime in 2008.

  1. [...] working on a number of vehicular projects. Altairnano has agreements to put Nanosafe batteries in Phoenix Motorcars’ electric SUVs and trucks, British Lightning Car’s luxury sports car, ISE Corp.’s hybrid buses, and Alcoa’s [...]

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  2. [...] Phoenix Motors currently has an assembly line in Ontario, Calif. to build its electric pickups and SUVs. The Phoenix chassis are shipped from South Korea, but all modifications and assembly are done on American soil while Altairnano produces the lithium batteries for Phoenix’s vehicles at their Indiana facility. [...]

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