Though the wearable market is still at nascent stage but major technology giants are gearing up, leaving no stone unturned to lay hold of the billion dollar opportunity of recent future. Though Google is leading …
The current conventional wisdom is that plug-in electric vehicles will be the clean, sleek cars of tomorrow. Think of Tesla's Model S or Chevrolet's Volt. These cars get most of the media attention, and policymakers tend to toss tax breaks their way.
Pennanen's young company has been working on building this car and its new battery technology for the last four years. The company employs roughly 15 people and has been completely self-financed so far. - Pennanen's plan is to get enough interest, investment and orders to build 100 Toroidion 1MW cars and begin delivering them to customers in about two years. He hopes to ultimately mass produce the car, bring the price down significantly and sell it to all kinds of customers, especially those drivers that appreciate Teslas and other electric vehicles.
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