Indian electric car manufacturer Reva has just scored additional investments of $20 million from Draper Fisher Jurveston and Global Environment Fund (GEF). Reva's cars are currently available in UK, Italy, Malta, Sri Lanka, Cyprus and Greece, but not in Australia. The new money will be used to expand their production and distribution capacity, and develop new models. According to GEF president and CEO Jeffery Leonard this is the fund's first investment in an electric vehicle manufacturer. The Reva has a range of about 50 miles and a top speed of 40 mph.

[Source: via Hugg]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • 2015 Toyota Highlander
    MSRP: $29,765 - $44,140
    2015 Jeep Grand Cherokee
    MSRP: $29,995 - $64,895
    2015 Honda Accord
    MSRP: $22,105 - $33,630
    2015 Honda Civic
    MSRP: $18,290 - $26,740
    2015 Mazda Mazda3
    MSRP: $16,945 - $25,545
    Share This Photo X