Santa Rosa, California- The American electric car company pioneer ZAP has announced that it has received its biggest ever order for electric vehicles amounting to 79 million dollars from the Electric Vehicle Company (EVC). The EVC, funded by two hedge funds, Diversified Equity Funding, L.P. and Diversified Strategies Fund, LLC, both have an investment interest in ZAP.
EVC will focus on sales of electric vehicles to municipalities, distributors, university campuses, auto and recreational dealers, foreign countries and the military, ZAP said in a press statement.
"We believe this order, which constitutes thousands of vehicles, is the largest order for consumer electric vehicles in history," said Steve Schneider, CEO of the publicly-owned ZAP.
"Many municipalities have been talking recently about mitigating greenhouse gas emissions, so we are grateful to be involved in this historic effort," he said.
ZAP, the only full-line electric vehicle company in the US, made news recently with the sale of its XEBRA electric cars and trucks, the first vehicles designed for the American market by a Chinese automobile manufacturer.
ZAP also recently announced an automotive business plan to design a new generation of high performance electric vehicles designed by Lotus Engineering.
