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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.

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GM looking to combination of internal R&D and external investments for new technology; focus on five key areas; the importance of generational change

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Further out, so-called “horizon technologies” (beyond Li-ion), could get to about 500 Wh/kg and $100/kWh, he suggested. GM Ventures also had a stake in Bright Automotive ( earlier post ), which shut down earlier this year. Quite frankly ,” he added, “ energy density and cost are highly inversely correlated.

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