Bright Automotive Wants Stimulus Too

07 June, 2009 02:02:00

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Bright Automotive has applied for $35 million in government grants for producing its IDEA PHEV, as well as a battery pack manufacturing facility.

Bright applied for two grants from the American Reinvestment and Recovery Act to accelerate the production of its 100+MPG PHEV - the IDEA, and deliver highly advanced battery solutions to the industry through its engineering services arm.

Bright Automotive has applied for approximately $18 million through the Electric Drive Vehicle Battery and Component Manufacturing Initiative to create a technical center for the design, development and validation of advanced batteries for the Bright Automotive IDEA PHEV, and establish a state-of-the-art battery pack manufacturing facility capable of producing up to 75,000 battery packs annually.

Bright Automotive, as a partner in the Energy Systems Network (ESN) Project Plug-IN, has applied for approximately $17 million through the Transportation Electrification Program to develop, deploy, demonstrate, market, and evaluate plug-in hybrid vehicles. This grant program, overseen by the DOE NETL provides funding to establish development, demonstration, evaluation, and education projects to accelerate the market introduction and penetration of advanced electric drive vehicles.

In addition to these grants, Bright Automotive has applied for $450 million in government loans under the Energy Independence and Security Act of 2007 Advanced Technology Vehicles Manufacturing Loan Program.

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