Myers Motors develops, manufactures and sells the most affordable all-electric vehicle in America today.
Its single passenger vehicle, the NmG (“No more Gas”), is able to meet the needs of the 70 million daily commuters who travel under 50 miles per outing on a single charge. Able to reach highway speeds of up to 75 miles per hour, the NmG uses one-quarter the energy of existing hybrids, recharges with a standard 110-volt household outlet, costs users approximately two cents per mile and is fun to drive.
Myers Motors is currently developing the NmG2, a two-passenger vehicle.
Myers Motors is a JumpStart portfolio company. The investment came from the JumpStart Evergreen Fund.