CODA Automotive Raises $58 Million

Coda Automotive, a Santa Monica, Calif.-based electric car and battery company, has raised $58 million in Series C funding. Aeris Capital (Switzerland) led the round, and was joined by EDB Investments (Singapore), Countryline LLC (Tony Pritzker and J.B. Pritzker) and Les Wexner (CEO of Limited Brands). Return backers included Angeleno Group, Thomas Steyer, Mac Heller, Miles Rubin and John Bryson. The company previously raised around $75 million in VC funding, plus received $394 million in capital commitments as part of a joint venture with Lishen Power Battery. That deal included $100 million in equity from undisclosed backers, and a $294 million line of credit commitment from the Bank of Tianjin Joint-Stock Co.

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