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 |  Dec 15 2011, 2:45 PM

Never heard of the American car company Coda? We won’t blame you. This electric car upstart is trying to make a name for itself, but has so far run into production delays plus other birthing problems new car companies face.

However, the editor’s at Forbes believe in Coda and that it will soon be among the most successful new companies in America. Forbes has thus included Coda in their annual “100 Most Promising Companies” list.

Coda is also the only car company in this exclusive list, which mostly is comprised of software companies, and has placed a burger joint (Smashburger) at the top.

Forbes says that the reason Coda is on its list is because of  “compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.” Even in tough times, Coda has managed to raise money, hire more people and start production, which is a huge accomplishment in these tough economic times.

Coda’s CEO Phil Murtaugh said he is “honored and excited for this recognition.”

If all goes to plan, Coda will start delivering their electric sedan in a few months time. Price start at $39,900 plus a destination charge of $895. However, due to its green credentials, you’ll get a $7500 credit from the Government. The Coda requires six-hours (from 220V) to charge fully and has a range of 150-miles.

[Source: Autoblog]