Archive - Aug 5, 2008

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Andrew Kunev of Houston told the Wall Street Journal his Xebra Xero was a "chick magnet."

Andrew Kunev of Houston told the Wall Street Journal his Xebra Xero was a "chick magnet."

Al Yousuf Group Provides a $10 Million Financing Arrangement for ZAP

Submitted by acampbell on Tue, 08/05/2008 - 05:33.
UPDATED: 8-5-2008 06:31 PDT SANTA ROSA, California, USA and DUBAI, UAE (August 5, 2008) – Electric vehicle manufacturer ZAP (OTC BB: ZAAP) announced today that the Al Yousuf Group, a Dubai-based conglomerate and investor, is providing a $10 million financing arrangement for future working capital enabling ZAP to meet growing demand for its electric vehicles. The financing arrangement allows for advances by ZAP over the next few years.