n IMIESA - Electrifying car : snippet
|Article Title||Electrifying car : snippet|
|© Publisher:||3S Media (Pty) Ltd|
|Publication Date||Sep 2009|
Optimal energy, the Cape Town-based company that unveiled a full electric multipurpose urban passenger vehicle named Joule to the world at the Paris Autoshow in 2008, has announced plans to mass produce the vehicle in South Africa from 2012. This announcement comes on the back of a further share issue to the Industrial Development Corporation (IDC) as well as Innovation Fund, the technology investment division of the Department of Science and Technology, for a fourth round capital investment. Optimal Energy intends raising further private capital towards the end of 2009. South Africans can look forward to pilot fleets of Joule on their roads and around the globe from 2010 onwards.
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