An U.S. company is developing an electric motor for scooters in Viet Nam, where the government is promoting such transportation in an effort to curb the air pollution caused by crippling popular gasoline-powered scooters.

KLD Motors America Inc. plans to open an assembly plant in Hanoi by the fourth quarter to supply Viet Nam Sufat Co. Ltd. KLD Motors America Inc. plans to open an assembly plant in Hanoi by the fourth quarter to supply Vietnam Sufat Co. Ltd. with at least 2,000 motors per month. motors with at least 2.000 per month.

Last week, the company’s parent company, KLD Energy Technologies Inc. , closed on a $1 million round of Series A financing from a syndicate of angel investors. Last week, the company’s parent company, KLD Energy Technologies Inc., closed on a $ 1 million Series A round of financing from a syndicate of angel investors.

Austin-based KLD Energy, founded in 2007, plans to use the capital to ramp up development of its transmissionless motor system that would be assembled in Viet Nam for Sufat scooters, KLD CEO Christian Okonsky said. Austin-based KLD Energy, founded in 2007, plans to use the capital to ramp up development of its transmissionless motor system that would be assembled in Viet Nam for Sufat scooters, KLD CEO Christian Okonsky said. Later this year KLD is expected to raise an undisclosed amount of series B venture capital to fund the plant, Okonsky said. KLD later this year is expected to raise an Undisclosed amount of series B venture capital to fund the plant, Okonsky said. (Austin Business Journal)