Andrew Saul is making solid progress toward his goal of building the first electric vehicle in Maryland.
The son of B.F. Saul II, a well-known real estate developer and the founder of Chevy Chase Bank (now owned by Capital One), he’s started Genovation Cars Inc. and is proceeding steadily toward what is, unquestionably, an uphill battle to hit pay dirt in the already-crowded market to manufacture electric vehicles.
But, if he’s successful in raising $125 million in capital and production actually starts, the Rockville company could create 125 new manufacturing jobs right off the bat.
“Here in Maryland we have a very affluent and aware population that knows we have to get off gasoline and get busy cleaning the air,” Saul said late last month, according to a report in The Baltimore Sun. “This is a great place for us to be.”
Genovation, located on Gude Drive in Rockville, has already landed a $135,000 grant from the Maryland Industrial Partnerships program to help get the effort off the ground.
Saul and other company executives were at the Glenn L. Martin Wind Tunnel at the University of Maryland, College Park, to display the aerodynamic properties of their new prototype, called the G2, pictured in The Sun.
More patch.com
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- USA: Rockville, Maryland-Based Genovation Cars Unveils New Electric Car: the G1
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- USA/India: Genovation Cars Selects Tata Technologies to Design and Prototype its Green Electric Automobile
- USA/India: Genovation to Bring G2 EV to SAE World Congress
- Genovation Cars Announces Completion of Phase I of Development of G2 Electric Car
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