EVI Buys Low-Speed Electric Car Maker

EVI produces products like tuggers, burden carriers and heavy-duty quad steel tracking trailers for the automotive and airline industries.

Published: 04-Aug-2008

Electric Vehicles Inc., a Fort Wayne-based electric vehicle company, acquired Odessa, Mo.-based Lafayette County Car Co. LLC and will relocate that company's equipment and inventory to EVI's headquarters at 4007 Engleton Drive.

Lafayette County Car Co. is a maker and wholesaler of low-speed electric cars. The purchase price the company's assets was not disclosed.

The relocation is expected to be completed by the end of September, EVI said in a statement released through the Fort Wayne-Allen County Economic Development Alliance. EVI will spin off another company, LC3 Inc., to resume production of the electric cars.


Ray Lane, managing partner of venture-capital firm Kleiner Perkins, Caufield and Byers, which has invested in Think, believes Think could eventually sell as many as 30,000 to 50,000 City cars a year.

The production electric vehicle to be introduced in 2010 will have a unique bodystyle and is not based on any existing Nissan model, unlike the technology 'mule' pictured above.

The 100-mile range electric car has been operating with Japanese power companies for the last two years.


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