Tuesday, September 17, 2013

Another One Bites The Dust

Yahoo/AP is reporting:
Ecotality, which makes charging systems for electric vehicles, has filed for Chapter 11 bankruptcy protection.
Ecotality Inc. said it made the filing Monday in Arizona. The company had said in August that it might be forced into a sale or bankruptcy filing after disappointing sales and a suspension of payments from the federal government. It has also paid $855,000 in back wages and damages to resolve an investigation by the U.S. Department of Labor into allegations that the company broke labor laws.
The San Francisco company makes charging and power-storage systems for electric vehicles under the Blink and Minit Charger brands, including charging stations for the Nissan Leaf. It also does testing for government agencies, auto makers and utilities.
Ecotality has received more than $100 million in funding from the Department of Energy since 2009. The company has also received funding from the state of California and from Australia.
So, we will add this to the "list of 38." 

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