Courb C-Zen

Courb C-Zen

In March, French company Courb, with around fifty employees, celebrated delivery of its 100th C-Zen electric car to a customer, although the automaker's sales target was missed.

Cars, equipped with 12.4 kWh battery pack and 15 kW electric motor, can drive for around 120 km (75 miles).  Price is below €19,000 including incentives in France.

The company was placed into receivership by the Commercial Court of Lyon.

Investment of €30 million since 2007 was not enough and one of the latest round of trying to raise €10 million through crowdfunding didn't succeed. France also changed the law and limited crowdfunding to €1 million per project, which didn't help Courb.

Without cash infusion, Courb probably is unable to even think about hitting the target of 500 units in 2015 and 1,000 next year.

Source: info-economique.com