Atlanta-based Wheego Electric Cars Inc. has raised half of a planned $6 million equity round, according to a Securities and Exchange Commission filing.
The company, steered by former EarthLink Inc. president Mike McQuary launched the Whip — a two-seater electric car, last fall.
Wheego, spun out from Ruff & Tuff Electric Vehicles (RTEV) in 2009, sells the Whip as a low-speed or medium-speed vehicle.
Wheego, headed up by former EarthLink President Mike McQuary, plans to start selling its first highway-capable electric car by mid-summer. Today Wheego has filed paperwork to raise $5 million in hopes of making a final dash to produ... Read Post
Electric car maker Fisker Automotive has managed to raise $100 million of its planned $150 million round, bringing the company's funds to a eye brow raising $1.2 billion. Advanced Equities led the fund raise. Read Post