Recently we've managed to secure 75% of the first round of equity funding for CuMoCo. Today we had our first board meeting with our new lead investor (and board chair). It went extremely well - she "gets it" in terms of our product and what our mission is - practical and affordable EVs with first class customer service (pre and post sale).
During that meeting a couple of exciting decisions were made:
1) We're going to be able to attend the North American International Auto Show (NAIAS). This is one of the premiere auto shows; it's held in Detroit every January. We'll be able to take part as part of a booth sponsored by Michigan Economic Development Council (a state entity that is also an equity investor). We also have one very special investor who we hope will be able to be present at our press conference associated with the NAIAS - he's been called the Father of the Chevy Volt and the man responsible for making sure the Viper went from prototype to production... (you car nuts can figure that one out easily enough).
2) The other exciting bit of news is, in my mind, bigger and more important. It demonstrates our commitment to our customers and to doing this "right" but also approaching things in a different way. Yeah, sorry, this is a bit of a teaser as well - I'm not sure I can announce it just yet but I should be able to do so soon.
I wanted to tell you - my friends on VifV.org - first.
Watch this space.