Coda Automotive Raises $25 Million

Coda Automotive, a Santa Monica, Calif.-based electric car and battery company, has held a $25 million first close on its Series C funding round. No investor information was disclosed. The company previously raised $49 million, from the Angeleno Group, company founder Miles Rubin, Mac Heller (Coda co-chair), Kevin Czinger (Coda president and CEO), Hank Paulsen (former U.S. Treasury Secretary), John Bryson (ex-Edison Int'l CEO), Mack McLarty (former chief of staff for President Clinton) and Thomas Steyer (founder of Farallon Capital Management).

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