Under the deal, Ecologic Transportation Inc will identify, as well as form, contracts with potential business partners in Israel.
According to report, Ray Motors Ltd has over 200 years of combined automotive experience including R&D, engineering, prototyping and mass production for special applications. The company’s principals, with several electric vehicle specialists, are founders of the off-road military vehicle Tomcar.
Ecologic Transportation, Inc. is an innovative company dedicated to environmentally friendly transportation products and services by providing an agnostic approach to green cars and clean fuels. We give people access to experience all the new green transportation technologies by providing a platform for manufacturers to showcase their green solutions.
“There is a high demand for electric vehicles in Israel, so this joint venture gives us a great opportunity to export the Ecologic brand,” said William N. Plamondon III, president and chief executive of Ecologic Transportation.
Ecologic Transportation encompasses three separate but integrated operations that by design truly address the environment and transportation holistically.
• Ecologic Car Rentals
• Ecologic Systems
• Ecologic Products