Bob Lutz rides again. And again. The popular former auto executive has saddled with a new electric scooter company, investing a substantial portion of change in DC motor and a seat on the company's advisory board.
From now on, the scooter manufacturer with a total of three runs on two wheels with different speed limits. The base model of the economy C124E carries an MSRP of $ 6499, maxes out at 55 mph with a range of about 30 miles, and engaged in allegedly costs in just four hours from a standard 110-watt house. The lineup tops with deluxe 130, which goes for a shave under $ 8,000, although the maximum speed of 65 km / h and range of 50 miles makes it a slightly more attractive option.
Lutz says his work with DC motors makes perfect sense given his commitment to bringing an EV to market in his career. He is already a pilot program entering this offer buyers $ 2,000 from the sticker price when they commit a feedback on their machines via Twitter and Facebook. Press Hit the jump for the full blast.Current Motor Company Adds EV Pioneer Bob Lutz, Lauren Flanagan VC guru on leadership team
Ann Arbor, Michigan (January 4, 2011) - Current Motor Company, a Michigan-based startup that has developed a revolutionary electric motor scooters, recently Bob Lutz and Laura Flanagan has its management team. Lutz, who was previously General Motors vice chairman of product development, will chair the DC motor's Advisory Council. Flanagan, a Business Week "Top 25" Angels in tech investor, will chair the DC Motor Board of Directors.
Lutz and Flanagan were the first investors in DC Motor's $ 1,500,000 Series A "financing round, which is currently underway. The Michigan Pre-Seed Capital Fund has invested $ 250,000 in the round. Lutz, who was to serve as the only top managers at all three domestic companies in the automotive industry, was a champion of alternative energy vehicles while at General Motors. "I have my career to bring electric cars dedicated to the mainstream," said Lutz. "Investing in the motor provides the opportunity to work with an exciting start-up, has influenced a great product with significant consumer transportation. The current line of electric motor scooters and show great potential to make driving fun."
Flanagan has over 25 years establishing and operating platform and consumer software companies, especially those working with start-ups in California's Bay Area. It brings together national invested early and board governance expertise of their new role in DC motor.
"Current engine customer focus to creating the best value and service, the company is positioning itself one of the big winners in the category of electric motor scooters," said Flanagan. "I am in such a top technology investments and talents, as Chairman of the Board, will work to help strengthen the company's position and power its strategic growth. Growing DC motor and create jobs in Michigan are among my top priorities .
Lutz and Flanagan is one of the founding team of outstanding engineering talent, including: * Current Motor Co-Founder & Vice President of Product Development, John Harding, has deep expertise in software development through his previous work with Thomson Reuters and Powertrain electronics know-how developed at Ford Motor Company. He began selling electric scooters in 2007. * Current Motor Co-Founder & Chief Engineer, Erik Kauppi, has deep expertise in the automotive industry for instrument Corsa and the Ford Motor Company developed. * Peter Scott, DC motor President & Head of Business Development, has developed over 20 years of development and launch experience at General Electric and electrojet. * Terry Richards, DC motor for electric vehicle technology manager, has 30 years experience pioneering electric vehicle, with a first electric Chrysler minivan for Volkswagen Rabbit EVS, and Tata Motors. * Chris Deyer, DC motor's Manufacturing Manager, brings expertise in the production system, Continental Automotive Systems develops.
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