US: ECOtality secures US$10m investment from ABB

EV technology specialist ECOtality has secured a US$10m equity investment from ABB. ABB specialises in eco-friendly power and automation technologies for utility and industry customers. As part of the transaction, two representatives from ABB will be appointed to ECOtality’s board of directors. ABB and ECOtality have also signed a manufacturing agreement, Subscribe to Automotive World … Continued

• By Webmaster
• January 12, 2011