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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. Vito Giallorenzo, SVP Corporate Development & Chief Operating Officer, IoT at BlackBerry.

Boston 52
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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

Currently only five PHEVs would not meet the proposed 10 kWh threshold: Toyota Prius Prime, Subaru Crosstrek Hybrid, Hyundai IONIQ, Kia Niro PHEV, Ferrari SF90 Stradale (which exceeds MRSP cap and would not qualify anyway). Under the proposed revision, to qualify for any tax credit an EV must have a battery of at least 10 kWh.