Arlington startup Motor has raised a $7 million Series A round to expand its electric car leasing app to new markets.
The round was co-led by Arlington energy and utility company The AES Corp. (NYSE: AES) and Japanese conglomerate Mitsubishi Corp., best known for its car manufacturing.
Motor sells its services to utility companies as an avenue to increase electric car adoption by making the process of leasing an electric car and setting up its as easy as possible for consumers. Electric car…
