CODA Automotive Raises $58 Million

Posted May 19, 2010

Santa Monica, California based CODA Automotive has raised $58 million in Series C. The funding was provided by Aeris Capital, EDB Investmentes (EDBI); Countyline LLC, Lex Wexner, Thomas F. Steyer, Mac Heller, Miles Rubin, John Bryson and Angeleno Group. CODA has now raised a total of $125 million. The new round of funding will go towards the market entry of their sedan vehicle. CODA plans to open a design and engineering office in Singapore as well. [SoCalTech]