First GM Ventures Funding Announced 2010-08-03
Detroit, MI and Anderson, IN  –  Bright Automotive and General Motors Co.  announced Tuesday they have agreed to pursue a strategic relationship and that GM has  provided funding to the Indiana automaker, the first  funding action by the newly formed General Motors Ventures LLC.
The funding will help accelerate Bright’s production of the IDEA, a revolutionary plug-in hybrid commercial vehicle.
“This relationship is an important step forward for Bright, and a strong endorsement of our highly experienced automotive team and our incredible vehicle,” said Reuben Munger, Bright Automotive Chairman and CEO.  “With this deal, Bright gets financial support that puts us on the fast track toward mass production of the IDEA. And …