Click the VentureOne to enlarge and see a gallery

Venture Vehicles, the company working on the articulated three wheeled VentureOne vehicle, has just taken a big step toward financial sustainability for itself. They've received $6 million in Series A venture capital funding from NGEN Partners. Like Zap and Aptera Motors, Venture is taking the three wheeler route because it allows them to avoid the costly and time consuming process and engineering involved with automotive safety compliance.

Anything with less than four wheels is considered a motorcycle and doesn't have to be crash tested or fitted with systems like airbags. All of that saves a lot of money and weight which is critical for electrically driven vehicles to maximize range.

[Source: Dow Jones]

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
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X