Venture Vehicles receive $6 Million in Venture Capital for their three wheeled VentureOne

By: Peter Chubb | August 23, 2007

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Venture Vehicles receive $6 Million
Venture Vehicles are the company who are working on the three wheeled VentureOne vehicle, have just received a massive boost for their program. They have now received $6 million from NGEN Partners for Series A venture capital funding. Venture Vehicles have been very clever with the decision with going for a three-wheeled vehicle as the engineering process is easier and cheaper, and the automotive safety compliance is less strict.

If the VentureOne had four wheels then it would have to go through a series of crash tests, and would have to have many safety systems such as airbags and side impact protection. But as the vehicle only has three wheels it is classed as a motorcycle, the result is a lighter and cheaper vehicle.

Peter Chubb
  By: Peter Chubb | Filed under: Autos

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One Response to “Venture Vehicles receive $6 Million in Venture Capital for their three wheeled VentureOne”

  1. Johnson says:

    The most difficult question before you when you plan to start any new business or wish to expand an already existing business is how to raise capital to fund your business. There is no doubt about it that the task is difficult however, you can manage it when you follow certain set rules for this purpose.

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