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Electra Vehicles, Inc. Closes $3.6 Million Seed Funding Round led by LIFTT S.p.A and BlackBerry Ltd.

Electra Vehicles

Other investors include , Club degli Investitori , , Massachusetts Clean Energy Center , , Hyperplane Venture Capital , , Prithvi Ventures , , Launchpad Venture Group , , TiE Boston Angels , and successful Angel investors. June 23, 2021 - Boston, USA / Torino, Italy / Waterloo, Canada - , Electra Vehicles, Inc. and , BlackBerry Limited.

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Convincing Consumers To Buy EVs

Cars That Think

Interestingly, a 2019 Massachusetts Institute of Technology (MIT) study predicted that as EVs became more widespread, battery prices would climb because the demand for lithium and other battery metals would rise sharply. Volvo CEO Jim Rowan , disagrees with both of them, however, seeing ICE-EV price parity coming by 2025-2026.

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