Venture Vehicles, the makers of that crazy three-wheeled electric hybrid car, have just raised $6 million in Series A funding from NGEN Partners. The investment will support the engineering and design of prototype vehicles and brand development for the new vehicle, according to co-founders Howard Levine and Ian Bruce.
“This is a fully enclosed vehicle that is much closer in performance and spirit to an automotive vehicle than a scooter or even a motorcycle,” Ian Bruce, who is in charge of design and engineering, told Dow Jones. “We are including things like a steel roll cage, collapsible steering columns, side impact rails, driver’s air bag and a rear bumper.”
The company’s VentureOne is a 3-wheel, tilting, plug-in Hybrid vehicle. The two-passenger flex-fuel Hybrid will achieve 100mpg. Performance wise the car will have the ability to accelerate from 0-60 in 6 seconds with a top speed of over 100 mph. The best part is that the car will carry a retail price of under $20,000.
Venture Vehicles will offer three variants of the VentureOne including the Venture e50 and Q100, both which will get over 100mpg with a 300+ miles range. The VentureOne EV will be an all-electric variant which will have a range of 120 miles.
Source: DowJones (via AutoBlogGreen)
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