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Magness Investment Group

Millions for Motiv from Magness

July 1, 2014 in Electric Drive, EVs, investments by Rich Piellisch  |  No Comments

Battery Trucks Developer Raises $7.3 Million for Powertrain Production

Foster City, Calif.-based Motiv Power Systems said Monday that it’s raised $7.3 million in growth capital from investors led by Colorado’s Magness Investment Group. Motiv offers its ePCS – for electric Powertrain Control System – as a unique product suite “that can electrify any truck or bus chassis with a variety of commercially-available battery packs and motors.”

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