Coda Completes $147 Million Financing Round

AppId is over the quota
AppId is over the quota
By Danny King September 21, 2011

Coda Holdings, parent of the Los Angeles-based maker of the Coda battery-electric sedan scheduled to launch later this year, raised $147 million in its fourth round of financing. That brings its total to more than $300 million since the company's 2009 founding. Coda, which as of mid-August had raised about $117 million in its so-called Series D investment round, had planned to raise $125 million in the fourth round, which was oversubscribed, the company said in a statement Monday. Coda completed the initial $76 million phase of its fourth funding drive last December.

The electric car company, which also has units that build electric-drive control systems and lithium batteries, wrapped up its Series D funding round as it is making what it calls "final preparations" for the debut of its electric sedan. The Coda EV (above), which AutoObserver test-drove earlier this month, has an estimated starting price of $44,900 before any federal, state and local incentives (the price could be as low at $31,000 in some parts of the country with incentives). Coda has said that the Environmental Protection Agency (EPA) will rate the car’s range at 110 miles on a full charge of its 36-kilowatt-hour lithium-ion battery pack versus 73 miles for Nissan's all-electric Leaf, which uses a 24-kilowatt-hour battery.

Coda CEO Phil Murtaugh, former head of General Motors' China division, said in a statement that the most recent funding effort was led by New World Strategic Investment Limited (NW-SI), which he called "a highly respected and established firm that has a strong history of supporting the clean tech industry in Asia." Other investors include Coda founder Miles Rubin, Harbinger Capital Partners and Riverstone Holdings, all of which were part of Coda's previous funding rounds. Murtaugh has said that the Coda EV will appeal to people with incomes in the $125,000-plus range who are interested in both new technologies and the environment, and who have room in their garages and lifestyles for a car that won’t serve all needs because of its size and range limitations.

Danny King:  is a frequent contributor to AutoObserver.com.

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Coda Completes $147 Million Financing Round

AppId is over the quota
AppId is over the quota
By Danny King September 21, 2011

Coda Holdings, parent of the Los Angeles-based maker of the Coda battery-electric sedan scheduled to launch later this year, raised $147 million in its fourth round of financing. That brings its total to more than $300 million since the company's 2009 founding. Coda, which as of mid-August had raised about $117 million in its so-called Series D investment round, had planned to raise $125 million in the fourth round, which was oversubscribed, the company said in a statement Monday. Coda completed the initial $76 million phase of its fourth funding drive last December.

The electric car company, which also has units that build electric-drive control systems and lithium batteries, wrapped up its Series D funding round as it is making what it calls "final preparations" for the debut of its electric sedan. The Coda EV (above), which AutoObserver test-drove earlier this month, has an estimated starting price of $44,900 before any federal, state and local incentives (the price could be as low at $31,000 in some parts of the country with incentives). Coda has said that the Environmental Protection Agency (EPA) will rate the car’s range at 110 miles on a full charge of its 36-kilowatt-hour lithium-ion battery pack versus 73 miles for Nissan's all-electric Leaf, which uses a 24-kilowatt-hour battery.

Coda CEO Phil Murtaugh, former head of General Motors' China division, said in a statement that the most recent funding effort was led by New World Strategic Investment Limited (NW-SI), which he called "a highly respected and established firm that has a strong history of supporting the clean tech industry in Asia." Other investors include Coda founder Miles Rubin, Harbinger Capital Partners and Riverstone Holdings, all of which were part of Coda's previous funding rounds. Murtaugh has said that the Coda EV will appeal to people with incomes in the $125,000-plus range who are interested in both new technologies and the environment, and who have room in their garages and lifestyles for a car that won’t serve all needs because of its size and range limitations.

Danny King:  is a frequent contributor to AutoObserver.com.

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Engine coolant is a year round concern

Engine coolant is open all year round for vehicle owners. Find out, like antifreeze/coolant, your car helps protect motor from the experts at Prestone and some good suggestions to your car cooling system to keep your car throughout the year.

(NC) - most people think only of their vehicle antifreeze / coolants in extreme weather conditions... or if it is too late and their overheated vehicle is stranded on the side of the road. The truth is, an antifreeze/coolant all year round ' concerns.

"As the name implies, antifreeze/coolant two, performs functions", explains that Jay Buckley, ASE certified master mechanic and training manager for Prestone. "It helps to which freezing up motor cooling system in cold weather and boil over in hot weather to keep."

Lead to help lower emissions, modern engines at very high temperatures. Cooling system temperatures of 110 ° c are not uncommon. Moreover, many modules of unequal are metals, built, which can lead to corrosion. All this puts more stress on the antifreeze/coolant.

A high-quality antifreeze / coolant, such as Prestone LongLife, is intended for use with any antifreeze / coolant in every vehicle manufacturer or the model, can have a long service life. However, it is still important to regularly monitor the coolant level and condition. A pressurized cooling system have extension coolant tank virtually all modern vehicles with a plastic clearly visible under the hood. There are things on the tank easier to make rule "high" and "low". For extra comfort on the increase and the right balance of water/coolant is kept Prestone in a premixed formulation of coolant 50% and 50% demineralized water comes.

But it is not enough, just to that level. A professional technician should also test, the State of the coolant and the coolant level, to ensure that it must not be changed. Because antifreeze/coolant service intervals to two years or more, it is easy to forget it. You will receive for ' year-round protection today check your cooling system.

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