KLD Energy Technologies Inc. was able to raise $262,505 for its planned electric scooter development. The total financing needs were estimated to be around $2.1 million. KLD was able to raise the preliminary funds from seven investors though it still remains to be seen if these funds would be enough. KLD is planning to develop a high-performance electric motor and with some luck, plans for it should push through if more people would invest in this venture.

(Source) Austin Business Journal

Related Posts