Rocky Mountain Institute spin-off gets GM love

August 4, 2010 · Posted by in Energy 

 

Bright's fleet van, the Idea, scored the company some GM venture capital.

We were just over at the Rocky Mountain Institute’s Boulder office the other day for a Green Drinks event and suddenly we have a reason to mention them again — a spin-off from the think tank, Bright Automotive, just sold a minority stake to GM Ventures, according to cnet. Apparently it doesn’t hurt that Bright was involved in producing the now-very-dead EV1:

 

Bright designed the hybrid gas-electric utility van, called the Idea, specifically for fleet vehicle operators. The company was spun out of the Rocky Mountain Institute think tank and co-founded by John Waters, Bright’s vice chairman and who worked for GM in the 1990s to help produce its EV1 electric car.

The Idea van is designed to run almost entirely on batteries for the first 40 miles and then run in a standard hybrid mode, where it gets about 36 miles per gallon. Fuel efficiency is also improved through light-weight materials and an aerodynamic shell.

Get the rest of the post at cnet.

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