CODA Holdings has announced the initial closing of a Series D preferred investment round amounting to $76 million, bringing its total invested capital to over $200 million. A leading developer of Lithium-ion advanced battery systems and all-electric vehicles, CODA Holdings will use the funding to prepare for start of production of its flagship all-electric vehicle, the CODA Sedan, as well as to back the company's 2011 sales and marketing efforts.
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