By Steven E.F. Brown, San Francisco Business Times
Electric car and battery company CODA Automotive Inc. raised $25 million in the first close of its third venture funding round. The Santa Monica business says it will start selling its electric sedan at the end of this year, and has identified San Francisco as an ideal market. “For sure the Bay Area is one of our main markets we’re targeting,” said CODA spokeswoman Kara Saltness.
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