DOE Battery Funding Overlooks New Electric Vehicle Players
Friday, August 7th, 2009
Some automotive entrepreneurs are feeling like when it comes to getting DOE funding, it’s who, not what you know.
The $2.4 billion in federal funding for advanced battery and vehicle electrification announced this week boosted battery manufacturers that had prior relationships with the DOE, while some lesser-known innovators were left with hat in hand.
Matt Mattila, a consultant in the Rocky Mountain Institute’s Mobility and Vehicle Efficiency Practice says the money “went to the old guard” and left out new EV companies such as Aptera where “$100 million could make or break them.”
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