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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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Startup Bright Automotive Shuts Down, Slams DoE Loan Process

Green Car Reports

Startup plug-in vehicle maker Bright Automotive announced today that it is closing down. While General Motors had invested $5 million in the company, Bright had relied on the hope that the U.S. Department of Energy would grant it low-interest loans under the advanced-technology vehicle manufacturing program.

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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. The terms of this note include conversion features at $0.55

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Echo Automotive Fails: Bolt-On Plug-In Hybrid Kits Used Bright Technology

Green Car Reports

Starting a company is tough; starting a company in the green automotive field may be even tougher. So it seemed like the engineering team from defunct startup Bright Automotive, once granted investment by GM, might have a second chance to see their technology on the road.

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Bright’s Plug-In Car: Aerodynamics Are Key

Revenge of the Electric Car

This new company, Bright Automotive , is founded by ex-GM EV1 people, and the super efficient Rocky Mountain Institute to make plug-in hybrids in Indiana. 195, Bright will be building cars that “do more with less&# , a philosophy MacCready was famous for (and the title of a wonderful biography on him).

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New Indiana-Based Cleantech Research Partnership; First Activities in Heavy Hybrids and Plug-ins

Green Car Congress

Project Plug-IN, which will integrate plug-in electric vehicles and smart grid technologies to provide a green transportation solution to Central Indiana commuters in one of the nation’s first large-scale pilot projects. John Waters, President & CEO, Bright Automotive. Tags: Heavy-duty Hybrids Plug-ins.

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