Funding: Venture Vehicles


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].


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