Google invests $2.75 million in Aptera, ActaCell

Way back in September of 2006, Google.org, the philanthropic part of the Internet giant, announced that it would be investing in PHEVs. The following year, Google followed that bit of news up by launching its RechargeIT initiative which would begin investing in some for-profit manufacturers in an effort to see these fuel-saving products make it to market as quickly as possible.

The first two investments from RechargeIT have now officially been announced, and at least one of the companies benefiting from the $2.75 million investment should be well known to our readers: Aptera.

We've been covering the futuristic new vehicle since it was first introduced, and its exciting to see the project mature to the point where people, in California at least, are anxiously awaiting the first electric Apteras to be delivered. This financing should only help matters as the company works to get its electric and hybrid vehicles to customers as quickly as possible.

The other company receiving some funding is known as ActaCell and is based in Austin, Texas. Based at the University of Texas, Actacel is hard at work refining its lithium ion battery technology with the goal of producing low cost, high output cells while retaining a high degree of safety. A tall order for sure, though one that could be made easier with its newfound cash outlay.

Posted Jul 24th 2008 at 3:55PM by Jeremy Korzeniewski
Green Auto Blog