ZAP News
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.
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.
ZAP Receives First Shipment of 100 Electric Vehicles Powered by ABAT Lithium Batteries
Large Format Lithium Battery Arrays for Electric Pickups, Vans, Alias Roadster and Others Planned
SANTA ROSA, California (July 28, 2009) – Electric transportation pioneer ZAP (OTC BB: ZAAP) has taken delivery of larger-format polymer lithium-ion battery-equipped vehicles from Advanced Battery Technologies, Inc. (NASDAQ: ABAT). The company also plans to begin integrating other large-format lithium-ion batteries in its popular electric vehicles that are already in production as well as those under development.
ABAT and ZAP Sign Distribution Agreement
Agreement Boosts Availability of Affordable Lithium Battery Electric Vehicles
NEW YORK and SANTA ROSA, California (July 8, 2009) – Leading lithium battery and vehicle manufacturer Advanced Battery Technologies (NASDAQ: ABAT), through its wholly owned subsidiary Wuxi Zhongqiang Autocycle Co. Ltd, has signed a distribution agreement with electric transportation pioneer ZAP (OTC BB: ZAAP).
ZAP CEO Steve Schneider says, "The agreement will enable ZAP to accelerate production of its electric vehicles offering extended range and more power through the use of ABAT’s advanced, large-format Polymer Lithium-Ion battery technology."
ZAP Expands Fleet Shipments
Initial Deliveries of its Unique Zaptruck XL/Payload Shell
SANTA ROSA, California, July 1, 2009 – Electric vehicle pioneer ZAP (OTC BB: ZAAP) announced today they have shipped a fleet of their Zaptruck XLs, a versatile 100% plug-in electric LSV, equipped with a Payload drop-in shell to Bexar County, San Antonio, Texas.
The vehicles will be used by a variety of county departments as they expand their "green initiative." Each truck is equipped with one of ZAP’s newest options – the versatile Payload shell providing a weatherproof, fully enclosed and lockable storage compartment.
