Sentences with phrase «valley electric car startup»

Last weekend, the Silicon Valley electric car startup Project Better Place said that Renault - Nissan, which is its partner, would likely spend between $ 500 million and $ 1 billion on building electric cars.

Not exact matches

But the agreement between Tesla, one of Silicon Valley's growing crop of green tech startups, and Hyatt, a global corporation with 753 hotels, shows just how much has changed in the way the world looks at electric cars.

But LeEco, whose owner Jia Yuentig is behind the Silicon Valley car startup, reportedly received $ 1.44 billion from an unidentified investor on the same day it broke ground on a new electric car factory in China.

Both companies were founded on the premise that a startup electric car maker, with backing from Valley venture capitalists, could use a cool car as a launching platform to become a more mainstream auto maker.