Lutz Rides Current Motor’s Potential
Editor’s note: The Chronicle first wrote about Current Motor back in April 2009.
On the second day of the recent press preview at the 2011 North American International Auto Show in Detroit, a group of Ann Arborites gathered around a sleek-looking, gleaming blue electric scooter and exchanged banter.
Bob Lutz, an investor in Ann Arbor-based Current Electric, plans to take one to the firm's electric scooters on the road when "the snow is off the highway." (Photos by the writer.)
“So, Bob,” says Erik Kauppi, founder and chief engineer of Current Motor, the maker of the scooter. “Are we going to see you tooling around Ann Arbor’s streets on one of these things soon?”
“Bob” is Bob Lutz, the father of the electric Chevy Volt, the sexiest young thing at the auto show – on four wheels, that is. “As soon as the snow is off the highway, I’ll stop by with my checkbook,” Lutz says.
Lutz is now retired from GM, but is far from quitting his advocacy of electric vehicles. He opened up his checkbook last year to Current Motor, becoming an investor in, and adviser to, the company. Just how much did he invest?
“It’s enough to demonstrate a solid interest and small enough so that if this fails I won’t be terribly distressed about it,” Lutz says. “That’s the way I like to invest.” But, he says, the leadership at Current is going about it the right way, so he is confident in their success. [Full Story]