ZENN Motor Increases Stake in EEStor to 10.7%; EESU Production Prototype Promised by End of 2009
Green Car Congress
JULY 22, 2009
Earlier in July, ZENN Motor Company Inc. ZMC) increased its equity investment in energy storage developer, EEStor, Inc. Net proceeds from this financing, together with existing working capital, is expected to be used to fund product, customer and business development, the final milestone payment to EEStor, Inc.
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