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GM and PHEV Maker Bright Automotive Announce Strategic Relationship; GM Ventures Funding

Green Car Congress

Bright Automotive, the developer of the purpose-built, plug-in hybrid IDEA ( earlier post ), and General Motors Co. Funding through GM Ventures will allow Bright to begin ramping up the development of the production program for the IDEA in the third quarter of 2010. Reuben Munger, Bright Automotive Chairman and CEO.

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Bright Automotive Applies for $35M in Stimulus Package Grants to Accelerate Production of PHEV

Green Car Congress

Bright Automotive has applied for $35 million in government grants to accelerate the production of its plug-in hybrid the IDEA ( earlier post ), and to deliver battery solutions to the industry through its engineering services arm. The company continues to work with the Department of Energy in support of its application.

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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

Green Car Congress

Echo Automotive, Inc., a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. —Dan Kennedy, Echo’s CEO.

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VW to benefit from a Bright IDEA

Green Cars News

Bright Automotive may only be considered a start-up company, but it is about to have a significant impact on one of the most important car manufacturers in the world - Volkswagen. The goal for Bright meanwhile, is to prove the platform works and get it into play.

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Electrification Coalition Roadmap Calls for 75% of Light-Duty Vehicle Miles Traveled in the US to Be Electric by 2040

Green Car Congress

As a result, oil consumption in the light-duty fleet would be reduced to just 2.0 As a result, oil consumption in the light-duty fleet would be reduced to just 2.0 The specific technology—plug-in hybrid electric or pure electric—is not as important as the share that such vehicles represent of the new vehicle portfolio.

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Senators take green cars for a spin

Green Cars News

The event was organised by Bright Automotive to showcase its IDEA - a 100mpg plug-in hybrid electric vehicle that it hopes to market to both Government and commercial fleets. The company has also applied for funding through the Federal Advanced Technology Vehicle Manufacturing Loan Programme.

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Who is winning the green car race? Part II. The Green Piece

Green Cars News

The company had already delivered more than 700 vehicles by the end of September, 2009 (see article ). Of all the ‘upstart’ green car companies, Tesla is the closest to breaking out into the mainstream. The company hopes to begin selling the Fisker Karma in mid 2010 in Europe.