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Earlier in July, ZENN Motor Company Inc. The new investment represents the exercise of the maximum additional investment option available to ZMC which was to acquire 117,757 shares at the same price-per-share as the original equity investment granted to ZMC pursuant to the share purchase agreement between ZMC and EEStor dated 30 April 2007.
Zenn Motors of Canada ( ZNN.V ) holds exclusive rights to build small electric cars using EEStor's forthcoming groundbreaking barium-based batteries. They also hold a 10% ownsership stake in EEStor, Inc.
Granted, nearly every other electric car company is trying to increase performance through aerodynamics and new construction materials. Some manufacturers such as Zenn Motor broke into electric cars with limited speed vehicles that top out at 25 or 35 miles per hour.) . “It’s a revolutionary platform,&# he said.
I spotted a pair of France-built ZENN Electrics in 2017. The former location of Solyndra, the solar panel manufacturer made notorious by the right-wing talk radio ecosystem for receiving grants from the Obama Administration and then going bankrupt, is located nearby as well.
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