Monday, February 22, 2010

V-Vehicle Benefits From $11.55M Louisiana Bond

Stealthy San Diego-based V-Vehicle -- which is working on an alternative energy vehicle -- is the beneficiary of a $11.55M bong issue from the Ouachita Parish in Louisiana, as part of the firm's effort to build a plant in the state, according to reports. Local Louisiana publisation the News Star said that the local incentives are part of an effort to nab $320M in federal loans for the firm. V-Vehicle is backed by more than $62M in funding from Kleiner Perkins Caufield & Byers, Google Ventures, and T. Boone Pickens.

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