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- Sep 28, 2016
Lit Motors has been having difficulties finding the funds to bring its self-balancing electric motorcycle, the C-1, to market. CEO Daniel Kim said earlier this year that the company would need about $20 million to bring the vehicle to market and to satisfy the over 1,000 people who reserved what the company calls an ‘auto-balancing electric vehicle’ (AEV).
Now reports are coming out today claiming that the company recently became an acquisition target for important companies, including Apple, BMW, Audi, and a South Korean automaker. more…
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