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US: Revised DOE loan terms close Bright Automotive

The Indiana-based plug-in hybrid light commercial vehicle start-up Bright Automotive is reported to have confirmed on 28 February that it will wind down its operations, following its failure, after three years of trying, to secure a US Department of Energy loan on which its manufacturing launch depended. Bright Automotive Subscribe to Automotive World to continue … Continued

The Indiana-based plug-in hybrid light commercial vehicle start-up Bright Automotive is reported to have confirmed on 28 February that it will wind down its operations, following its failure, after three years of trying, to secure a US Department of Energy loan on which its manufacturing launch depended.

Bright Automotive

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https://www.automotiveworld.com/articles/92303-us-revised-doe-loan-terms-close-bright-automotive/

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