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GreenTech Automotive Raises $47 Million in Equity Funding Round

GreenTech Automotive Inc., the
battery-powered carmaker formerly led by Virginia Governor
Terry McAuliffe, lifted $47 million in an equity round.

Ninety-four investors contributed to a financing,
according to a filing currently with a U.S. Securities and
Exchange Commission. The section of McLean, Virginia-based WM
GreenTech Automotive Corp. had sought as most as $60 million.

Sean McCabe, a GreenTech Automotive orator who works for
the Pinkston Group, declined to yield additional information
on a appropriation turn when reached by telephone.

McAuliffe, a Democrat, quiescent as authority in December
2012 to concentration on a gubernatorial competition opposite Ken Cuccinelli,
who had done an emanate of GreenTech Automotive’s being subpoenaed
by a sovereign supervision for annals related to regulating a visa
program to captivate unfamiliar investors.

Cuccinelli, afterwards a state’s profession general, mislaid to
McAuliffe as Democrats swept a state’s tip offices.

To hit a contributor on this story:
Justin Doom in New York at
[email protected]

To hit a editors obliged for this story:
Reed Landberg at
[email protected]
Robin Saponar, Tina Davis

Article source: http://www.bloomberg.com/news/2014-09-30/greentech-automotive-raises-47-million-in-equity-funding-round.html

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