Alternative Energy - Thursday, February 21, 2008
Miles Electric Vehicles Loads Up With $15M
Founded in 2004 by Miles Rubin, Miles Electric has just raised $15M led by the private equity fund Angeleno Group.
The MILES XS500 prototype sedan currently under development will top 80mph and travel over 120 miles on a single charge.
Miles boasts a client list that includes Stanford, Yale, California State Polytechnic University, Queens College, UC Irvine, UC Davis, UCLA, NASA, the US Navy, the National Park Service, and the Sacramento Municipal Utility District.
Miles Exec's Make Their Pitch
Miles competes with the likes of ZAP or ‘Zero Air Pollution’ Vehicles, based in Santa Rosa, CA. Chevrolet has also launched Volt.
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