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Start-up BrightAutomotive, which in May unveiled its IDEA concept series plug-in hybrid light commercial van ( earlier post ), will convert VW Transporter vans with the series hybrid Bright powertrain as a bridge between the concept and the production version of the IDEA. The Bright IDEA and Transporter PHEV.
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Echo Automotive, Inc., a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. The terms of this note include conversion features at $0.55
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