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Xethanol Invests in Carbon Motors Corp.
17 January 2008
Renewable energy company Xethanol Corporation has made an investment in Carbon Motors Corporation, which is developing a purpose-built law enforcement vehicle featuring a 300 hp diesel engine capable of running on biodiesel.
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| The E7 diesel police car. |
Projected combined fuel economy for the vehicle, code-named E7, is 28-30 mpg. The engine, with 420 lb-ft (569 Nm) of torque, accelerates the 4,000lb vehicle from 0-60 in 6.5 seconds. Top speed is 155 mph.
Carbon Motors, based in Atlanta, Georgia, plans to build the vehicle using a global partnership and supply network that includes a world-class automaker, as well as Lotus Engineering in the UK, along with product input from hundreds of law enforcement officers and officials across the United States.
Xethanol joins in the Carbon Motors investment with the Advanced Technology Development Center Seed Fund in Atlanta, and the Ariel Savannah Angel Partners LLC. Terms of the investment were not released.
The Carbon Motors engine can run on biodiesel and shows a 40% fuel savings over current vehicles. It provides Xethanol an important opportunity in understanding the future of the biofuel marketplace.
—David Ames, Xethanol CEO and President
January 17, 2008 in Brief | Permalink | Comments (1) | TrackBack (0)
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Posted by: arnold | January 18, 2008 at 12:53 AM
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No comment, on the grounds that I might incriminate myself!