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Author Topic: Coulomb gets another $47.5 million  (Read 1085 times)


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Coulomb gets another $47.5 million
« on: May 09, 2012, 04:18:52 AM »

In today's business news, an article by Dana Hull of mecurynews.com, reports that Coulomb has received a $47.5 million funding infusion from the venture capital firm of Voyager Capital, an investor who has served on Coulomb's board since early 2010.  Dan Ahn of Voyager Capital said in an interview:  "People decided: Electric vehicles are real, and you have to plug them in. What's the leading charging company?  It's Coulomb. Let's go invest in them".  (That is what I call a simplified investment analysis.)

The new financing will help Coulomb expand operations in the U.S. and focus on emerging international markets in Europe and Asia.  The article says that "range anxiety" remains an issue with electric vehicles and publicly available charging stations - at workplaces, retail stores and shopping malls - are widely seen as part of the solution.

Coulomb's ChargePoint Network includes features like trip planning and an iPhone application that gives directions to the nearest available charging station.  The network is open to all electric vehicle drivers, and half of the electric vehicle drivers in the United States now have a ChargePoint card.

Coulomb has more than 6,500 charging spots up and running in 14 countries, including about 300 public charging stations in the Bay Area, according to the article.
Richard's motorcycle collection:  2018 16.6 kWh Zero S, 2016 BMW R1200RS, 2011 Royal Enfield Bullet 500 Classic, 2009 BMW F650GS, 2005 Triumph T-100 Bonneville, 2002 Yamaha FZ1 (FZS1000N) and a 1978 Honda Kick 'N Go Senior.
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