Loremo Attracts Malaysian Investors

The German start-up Loremo AG has managed to sell 26 per cent of its stake to Malaysian Kosmo Motors company, says I4U News. The share, valued at about two million euro, will be delivered in exchange for Kosmo's technological expertise and investment needed to put the concept car into production.







theedgedaily.com expects Loremo L22 to reach Europe in 2009. As for now, Loremo has about five thousand potential buyers that have already registered at their web-site.

It is not yet known, how much the production version will cost, but shown last February super-efficient Loremo LS coupe that and featured a mind-blowing 157MPG mileage was promised to sell for some €11,000. Even if the price will go up, the L22 will anyway be a lot cheaper and fuel-efficient than Toyota's famous Prius that costs $26,000 and runs only 55 miles on one gallon of gasoline.

See also: Ultra-Efficient Loremo LS Presented in Geneva