Harbinger Capital Partners Invests in Coda Holdings Soon to Produce the Coda Sedan, an All Electric Vehicle. Miles Rubin

"Southern California electric car and battery maker Coda Holdings has raised $76 million of new investments in preparation for the production of its all-electric flagship vehicle.

The Santa Monica-based company said Wednesday that the new funds bring its total invested capital to more than $200 million as it looks to begin production of the four-door, five-passenger Coda Sedan and to develop its Lithium-Ion battery systems.

New investors in the company include Harbinger Capital Partners, and current investors who contributed include company founder and co-chairman Miles Rubin.

The company had planned to start selling the sedan in 2010 but has delayed the beginning of production until the second half of this year. "

Source of Harbinger Capital Partners - Coda Holdings - Miles Rubin Post.

http://www.sfexaminer.com/news/2011/01/calif-company-raises-76m-toward-new-electric-car#ixzz1AJdEiWlw