Funding the Future of Transportation

According to Forbes, Lit Motors founder Danny Kim 09 ID is feeling a lot more optimistic these days about being able to bring his edgy electric cycle-car to market – soon enough that he can almost begin to feel it.

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A handful of new investors such as Yves BéharScott BelskyKim Jung-JuMark Pincus and Kelly Slater are reportedly pumping another $1 million into Lit Motorsenabling the company to finalize its C-1 model (below) by the end of this month. “[The funding] is basically enabling us to hire a full engineering team and build a brand new… high-speed driving prototype,” says Kim notes in Forbes.

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The Career Center reports that four current students – Mackin Brinegar 15 IDElio Icaza 15 IDConor Oberlander 15 ID and Peter Borges 15 ID had the opportunity to intern at Lit Motors over Wintersession.

Find more about Kim’s plans for “creating the future of transportation” in the illuminating video accompany yesterday’s Forbes story. (And check out Lit Motors’ enticing kubo scooter, too.)