US: Coda Automotive raises further US$25m

Coda Automotive, a unit of Miles Electric Vehicles, has raised US$25m from private investment manager Aeris Capital AG to develop an all-electric sedan for sale in 2010, reports Bloomberg. The capitalisation for Coda now totals US$74m. Niall Davis, a principal of Aeris Capital, will join Coda’s board. Coda chief executive officer It’s time to log … Continued

Coda Automotive, a unit of Miles Electric Vehicles, has raised US$25m from private investment manager Aeris Capital AG to develop an all-electric sedan for sale in 2010, reports Bloomberg. The capitalisation for Coda now totals US$74m.

Niall Davis, a principal of Aeris Capital, will join Coda’s board. Coda chief executive officer

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