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Experienced auto hands go green with GGTElectric

July 20th, 2011 11:08 AM by Eileen Denhard

Experienced auto hands go green with GGTElectric

Three years ago, a handful of automotive industry veterans looked at what was happening to their business sector and decided it was time to reinvent themselves. They did it through an electric-vehicle start-up called GGTElectric.

"Electric automobiles are in the very edge of new and innovative," says Ray Leduc, CEO of GGTElectric. GGT stands for GreenGoTek. "We're happy to be leading that charge."

The Milford-based firm now has a staff of 10 developers of a whole range of electric vehicles, ranging from sedans to passenger vans. It has found a growing demand for these vehicles overseas in Europe and Asia. In 2010 it sold 50 vehicles and expects to sell 250 this year and another 1,000 next year.

"We'll be at 5,000 in the next 4-5 years," Leduc says.

And how can a 10-person start-up create a full lineup of electric vehicles in such a short time? Leduc credits his team's extensive experience. "It's a lot of R&D and history in the automotive field," he says.

Source: Ray Leduc, CEO of GGTElectric

Posted in:General
Posted by Eileen Denhard on July 20th, 2011 11:08 AM



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