SOURCE: GreenlightAC


September 10, 2009 13:00 ET

GreenlightAC Selected to Present for Major Funding Opportunity

DC-Based Company One of Six Companies Selected to Present to Prestigious Panel of Venture Capital Companies and Investors

WASHINGTON, DC--(Marketwire - September 10, 2009) - GreenlightAC, a DC-based electric vehicle charging infrastructure company, has been selected to present at Capital Call on September 16, 2009. The event is hosted by PricewaterhouseCoopers, Deloitte, Comerica, Cooley, and Silicon Valley Banks and invites six local companies to present to over 75 venture capitalists and private equity investors for funding opportunities.

"We are very excited to be included in such a distinguished group of companies to present to some of the top venture capitalists and private equity investors in the country," said Max Brown, GreenlightAC Co-Founder and CEO. "This is a true indication that investors are beginning to recognize that electric vehicles will become a significant force in the auto market over the next few years, and that it will be crucial to have electric vehicle charging infrastructure in place to support this major development." David King, GreenlightAC Co-Founder and COO, added, "Investors understand the huge potential of the electric vehicle service equipment market. We are pleased to share this opportunity with the DC region's investment community and to be growing the region's electric vehicle recharging infrastructure."

GreenlightAC provides safe, reliable, and user-friendly recharging equipment installed at the driving destinations and homes of electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV) owners. GreenlightAC's flagship product, the ChargeBar™, will be one of the easiest, most cost-effective and safest EV/PHEV charging products on the market.

Currently, GreenlightAC is selling to commercial building owners, condominium garage managers, parking garage managers, museums, sports facilities, homeowners, and government customers in the Mid-Atlantic region as part of its initial roll-out.

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