Archive - 2009

ZAP Names Priscilla M. Lu, PhD to Its Board of Directors

SANTA ROSA, California (August 12, 2009) – Electric vehicle market pioneer ZAP (OTC BB: ZAAP) has voted to add Priscilla M. Lu, Ph.D. to its Board of Directors.

Dr. Lu is a 30-year telecommunications and networking executive and entrepreneur formerly with AT&T Bell Laboratories, Founder, Chairman and CEO of interWAVE Communications Ltd., and ViDeOnline Communications Ltd.

FAA Orders Fleet of Electric Trucks from ZAP

SANTA ROSA, California, August 13, 2009 – Electric vehicle pioneer ZAP (OTC BB: ZAAP) announced today the company has been awarded a contract to supply the Federal Aviation Administration (FAA) with a fleet of its popular Zaptruck XL, a versatile 100% plug-in electric truck. The FAA will take deliveries of the vehicles in September at a major metro center in the Midwest.

ZAP Secures up to $25 Million in New Financing.

SANTA ROSA, California (August 10, 2009) – Electric vehicle pioneer ZAP (OTC BB: ZAAP) announced today that it has secured up to $25 million in new financing with Cathaya Capital, L.P. With offices in Silicon Valley, Cathaya, L.P. is backed by financier Jacques de Chateauvieux’s Paris-based Jaccar Holdings and intends to manage the investment through its affiliate Better World International, Ltd.

ZAP will use a portion of the funding to pursue longer-term contract production and assembly commitments, and to accelerate deliveries of trucks and vans to fill current fleet and government orders.

Contact us at ZAP!

ZAP Headquarters
501 Fourth Street
Santa Rosa, CA 95401
707-525-8658
800-251-4555

We are located in downtown Santa Rosa, about 50 miles north of San Francisco. Horizon/Alaska airlines serves Santa Rosa. OAK and SFO airports are the major hubs serving our community.

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Cash for Clunkers Available on ZAP Electric Car

ZAP Answers Federal "Cash for Clunkers" Program with its own Trade-In Program Good on the Xebra 100% Electric Sedan, Total Value up to $4,500 and 90% Fewer Carbon Emissions

SANTA ROSA, California (July 30, 2009) – Electric car pioneer ZAP (OTC BB: ZAAP) is participating in its own "Cash for Clunkers" program with up to $4,500 in sales incentives and tax credits on top of the savings over the lifetime of the vehicle, not to mention 90 percent fewer carbon emissions.