THIS WOULD BE MORE FUN IF IT HAD MORE LIGHTS
Bright Automotive is getting a second shot at a bright future, thanks to a $5 million investment from GM Ventures. The general thinking behind the loan is that investmenet and exposure will help Bright Automotive attract investors and, eventually, qualify for up to $450 million in federal "green energy" loans.
Bright was scheduled to begin selling its vans earlier this year, but the post-2008 economy means investors are scarce, pushing the launch date to 2013/14.
GM has a vested interest in Bright's success, of course, and provides a number of key components to the van. For its efforts, GM hopes to offer Bright's "Bright Idea" van as a smaller, CAFE-friendly alternative to its existing Chevrolet Express commercial vans.
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