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Earlier in July, ZENN Motor Company Inc. ZMC) increased its equity investment in energystorage 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.
more I n another important energystorage development Zenn has invested in EEStor. Here is a significant announcement by David Vieau , CEO of A123 Systems. But there can be as many as 15 million standard hybrids on the road when plug-in volumes skyrocket from 2012 to 2017. Join Plug In Partners today.
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