For the cost of a Sydney home, Paul Evans would be able to market an electric car engine that could help put Aussie innovation back on the map. In risk-averse Australia, most investors would prefer to buy a house. The entrepreneur has been shunned by local venture capital funds in attempts to raise A$3 million ($2.2 million) for a product that’s been a decade in the works, despite what he describes as strong interest from some global carmakers. Now, after a series of fruitless investor meetings, he’s heading down the inevitable path: straight to the U.S.
de-carbonise, zero carbon, global warming, climate change, renewable energy, phillip island, bass coast
- No more gas, cheaper to disconnect, change to all electric. @ForceyTim twitter.com/peterjameswill… 8 hours ago
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