ZENN Motor Increases Stake in EEStor to 10.7%; EESU Production Prototype Promised by End of 2009
Green Car Congress
JULY 22, 2009
These investors had also elected not to participate at the time of ZMC’s initial EEStor investment in April 2007. Net proceeds from this financing, together with existing working capital, is expected to be used to fund product, customer and business development, the final milestone payment to EEStor, Inc.
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