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In 2009 and 2010, ZENN canceled production of their vehicles and released employees to conserve cash. ZENN's remaining business is focused on the EEStor technology and their rights to it. In April 2012, the company raised CAN$ 2 million from investors primarily on the promise of EEstor's technology.
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article). Delivery was also scheduled for 2008 and 2009. In 2007, 2008, and 2009, ZENN received $ 34 million from stock offerings and paid $ 10 million to EEStor in accordance with their 2007 agreement. ZENN now has a 10.7% ownership of EEStor stock. As of August 1, 2010, ZENN has not received a
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invested $ 3 million in EEStor in 2005 for approximately 20% ownership. EEStor is a private company, so the KPCB investment resulted in public investors being more interested in ZENN as a way to invest in the EEStor technology. Amendments to the 2004 agreement and a milestone in 2007 resulted in
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Ian
Clifford is a professional photographer and a co-founder, along with Marek Warunkiewicz (creative and art director) of digIT Interactive (1993–2000). After digIT was sold, Ian, Marek and Probyn "Bunny" Gayle founded Feel Good Cars, which was later renamed to ZENN Motor Company. The first
177:. They initially acquired 10 Microcar vehicles without any internal combustion components attached (called a "glider"). The glider was fitted with lead-acid batteries and an electric motor to create a NEV product.
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for $ 2.5 million. Exclusive rights to the technology in small vehicles were also acquired. EEStor stated delivery of the first units to ZENN would occur by the end of 2007 (see
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who was seeking investment to produce ultra-capacitors that could replace batteries and revolutionize the EV industry. The well-known venture capital firm
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232:"ZENN Motor Company Inc. - Management's Discussion and Analysis for the Three Months and Year Ended September 30, 2009"
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for Zero
Emissions No Noise. Zenn produced its last vehicle in 2010. Since then, the company has changed its name to
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prototype, a
Dauphine Electric was based on the French economy-class combustion-based
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In 2013, KPCB sold much or all of its remaining stake in EEStor to ZENN.
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was a
Canadian-based company that previously developed small lead-acid
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346:"ZENN Motor Company Announces Name Change to EEStor Corporation"
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at a company-wide cost of $ 65,000 for each $ 15,000 NEV sold.
328:"Kleiner to sell off its early EEStor shares to Zenn Motors"
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Corporation and no longer builds or produces vehicles.
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Companies formerly listed on the TSX Venture
Exchange
302:"Zenn raises $ 2-million, without its electric car"
180:For the fiscals years 2008 and 2009, ZENN sold 360
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387:Electric vehicle manufacturers of Canada
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187:In 2004, ZENN signed an agreement with
326:Fehrenbacher, Katie (12 August 2013).
285:: CS1 maint: archived copy as title (
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136:(NEV) market. The company name is an
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196:ZENN acquiring a 3.8% ownership of
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16:Canadian electric vehicle company
171:Toronto International Auto Show
300:Tim Kiladze (April 19, 2012).
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134:neighborhood electric vehicle
377:Car manufacturers of Canada
132:that were suitable for the
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382:Companies based in Quebec
205:prototype from EEStor.
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244:on December 23, 2010.
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148:History and Status
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64:Marek Warunkiewicz
20:ZENN Motor Company
130:electric vehicles
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350:. Retrieved
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263:the original
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108:Headquarters
92:Name changed
66:Probyn Gayle
62:Ian Clifford
103:Corporation
366:Categories
352:2023-08-25
332:gigaom.com
272:2013-11-06
219:References
36:Automotive
311:April 27,
182:ZENN NEVs
97:Successor
281:cite web
175:Microcar
116:Products
33:Industry
25:Formerly
138:acronym
79: (
71:Defunct
59:Founder
49: (
41:Founded
202:EEStor
198:EEStor
189:EEStor
142:EEStor
111:Canada
101:EEStor
266:(PDF)
259:(PDF)
242:(PDF)
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156:ZENN
313:2012
287:link
193:KPCB
89:Fate
81:2015
74:2015
51:2000
44:2000
158:NEV
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
