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USA: AMP Electric Vehicles secures funds from Kodiak Capital Group

AMP Holding Inc. has had a good year so far having been picked up several times by the media. It just announced its parent company secured a commitment of $7.5 million from Kodiak Capital Group LLC.

The company that aims to use proven technology to allow its vehicles to run on electricity by replacing the gasoline-engine powertrains with innovative components in order to render them 100% electric, can feel a little more sure about its future. The rest of the vehicle uses the same luxury features, space, while giving you a great way to go from gasoline to green. The new line of fund will help the company expand its expected EV production and presence in the commercial fleet market.

According to the press release, Colin Manners, director of Kodiak Capital had to say the following: “We are especially interested in AMP’s EV heavy truck fleet vehicle development and production in the fleet vehicle industry. The potential for this patent-pending technology is very exciting, and we at Kodiak see the advantages of making this sizable commitment.”


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