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June 16, 2009

Myers Motors gets $250,000 investment for NmG2, the secretive two-seat electric car

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Filed under : Enviornment News

Myers Motors NMG – click for high-res image gallery

A registered team in the Automotive X Prize, Myers Motors has long been working on its single-seat NmG (pictured) and a much-more secret two-person NmG2 vehicle. The company’s efforts just got a financial push thanks to a quarter-million dollar investment from JumpStart Ventures investment. JumpStart’s press release announcing the investment (available after the jump) highlights the work that Myers Motors did to its battery management system that was able to, with the addition of li-ion batteries, double the car’s range from 30 to 60 miles. Myers plans on using the JumpStart money to continue development of the NmG2. JumpStart’s Mark Smith said in a statement that the NmG2, “will provide Myers Motors with a significant competitive advantage in this quickly emerging market.” The vehicle was supposed to be revealed in Spring 2009, so that gives us another week.

For more on the NmG, see our in-depth report from 2006.

Gallery: Detroit 2009: Myers Motors

[Source: JumpStart, Inc.]

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Myers Motors gets $250,000 investment for NmG2, the secretive two-seat electric car originally appeared on AutoblogGreen on Tue, 16 Jun 2009 10:57:00 EST. Please see our terms for use of feeds.

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