Austin Company Manufactures Motors for Vietnamese Electric Scooters
An Austin company is developing an electric motor for scooters in Vietnam, where the government is promoting such transportation in an effort to curb the crippling air pollution caused by popular gasoline-powered scooters.
KLD Motors America Inc. plans to open an assembly plant in Hanoi by the fourth quarter to supply Vietnam Sufat Co. Ltd. with at least 2,000 motors per month.
Last week, the company’s parent company, KLD Energy Technologies Inc., closed on a $1 million round of Series A financing from a syndicate of angel investors.
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