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Ohio EV maker Myers Motors receives venture investment

June 16th, 2009 · No Comments

From Green Right Now Reports

Myers Motors LLC, the Ohio company that makes a unique one-person electric vehicle, is getting a $250,000 investment from JumpStart Ventures.

The company, based in Tallmadge, Ohio, builds the NmG (”No more Gas”), which is classified as a motorcycle according to the Department of Transportation because of its three wheels. The all-electric vehicle, which sells for $29,995, goes 60 miles on one charge and is recharged using the same alternating current (AC) available in household outlets. The NmG can be used on highways, where it reaches speeds of up to 75 miles per hour.

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