Vision Industries raises over $1 million from convertible bond sale

California hybrid truck maker settles deal with European investment fund

By Devika Patel

Knoxville, Tenn., Nov. 24 - Vision Industries Corp. said it completed two rounds of convertible bond financings with a major European investment fund. It raised more than $1 million.

The financing was negotiated by Christian Kolster of C&M Capital Ab, Vision's European financial advisor.

"Over the last few years, European investors have demonstrated a strong desire to invest in alternative energy companies," Vision's chief executive and president, Martin Schuermann, said in a press release. "The availability of capital, coupled with government mandates and incentives, have helped countries such as Germany to become the world leader in solar and wind energy production."

The company is an El Segundo, Calif., developer and manufacturer of advanced zero emission hydrogen fuel cell hybrid electric commercial heavy-duty trucks.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.