CODA Holdings Closes $147M Funding

Los Angeles-based CODA Holdings, the developer of electric vehicles and battery systems, said late Monday evening that it has completed a $147M, Series D funding round. The firm said the new funding brings its total raised to more than $300M. The new funding came from New World Strategic Investment Limited, Indus Capital, Och-Ziff, AERIS Capital, Angeleno Group, Harbinger Capital Partners, Riverstone Holdings, as well as other un-named, high net worth individuals. The firm said the funding will go to support launch of its CODA sedan, as well as development of its energy storage and EV propulsion systems. More information »