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Former GM Co-Chairman Joins Electric Scooter Leadership Team
EV World
January 6, 2011


ANN ARBOR, MICH. – JANUARY 6, 2011 -- Current Motor Company, a Michigan-based start-up that has developed a revolutionary electric motor scooter, recently added Bob Lutz and Lauren Flanagan to its leadership team. Lutz, who was previously General Motors’ vice chairman of product development, will chair Current Motor’s Advisory Council. Flanagan, a Business Week “Top 25 Angels in Tech” investor, will chair Current Motor’s Board of Directors.

Lutz and Flanagan were the first investors in Current Motor’s $1.5 million “Series A” round of financing, currently in progress. The Michigan Pre-Seed Capital Fund has invested $250,000 in the round.

Lutz, who was the only top executive to serve at all three domestic automotive companies, was a champion of alternative energy vehicles while at General Motors. “I’ve dedicated my career to bringing electric vehicles to the mainstream,” Lutz said. “Investing in Current Motor affords the opportunity to work with an exciting start-up that has a great product with significant potential to influence consumer transportation. The Current Motor line of electric motor scooters show tremendous promise and are fun to ride.”

Flanagan has over 25 years founding and operating platform and consumer software companies, mostly working with start-ups in the California Bay Area. She brings national early stage investing and board governance expertise to her new role at Current Motor.

“Current Motor’s customer focus on creating best value and best service positions the company to be one of the big winners in the electric motor scooter category,” Flanagan said. “I'm pleased to invest in such top engineering talent and, as chair of the Board, will work to strengthen the company’s position and help power its strategic growth. Growing Current Motor and creating jobs in Michigan are among my top priorities."
 

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