Coda Raises Almost Enough to be Viable

According to GreenTechMedia, Coda has raised $76 million in a fourth round of funding for its decade-old, retrofitted EV, third world country, three box sedan. That’s not a lot, and speaks volumes about how competitive the product will be compared to some heavy players already in the EV space. In addition, it now has a new CEO, formerly of Goldman Sachs. I’m rooting for these guys, as they are just down the road, and hopeful that they have hired good operators with transportation and manufacturing experience from companies other than GM and Chrysler. But as a realist, I don’t see a happy ending here.