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Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

Green Car Congress

Universal Hydrogen closed a $62-million new funding round; the oversubscribed round was completed less than six months after the company’s Series A ( earlier post ), bringing total raised to $85 million. Full-scale prototype of Universal Hydrogen's gaseous hydrogen module, with one capsule removed.

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Will CARB’s New Rules Damage EV Startups?

Revenge of the Electric Car

Both cars will be subject to the new CARB rules, but GM and Toyota should have no problem affording the rigorous tests or financing the warranty requirements. That means you can drive around town as an electric car, and then jump on the freeway and head to Los Angeles, without having to recharge the battery.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

Volt like hybrids are the intermediate future between hydrogen or fast charging electric cars. If you build a car as a "kit car" with no real factory, then yes, it will never be an economic success. Think of driving any vehicle in the hot Los Angeles summer time. So I think its a safe bet for GM.

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