PHOENIX, ARIZONA – (Disclosure & News Service – September 24, 2018) – PetroSun, Inc (OTC PINK: PSUD) The Board of Directors of PetroSun Inc (“PetroSun” or “the Company”) announced today that the Company and Torus TechWorks Inc, a wholly-owned subsidiary, have taken an equity position as lead investor in Organic Transit’s Series B round and an option to acquire the full offering.
Organic Transit, a Durham, North Carolina based company, has been producing advanced mobility vehicles for the last six years. Their first vehicle is the ELF, a solar/pedal hybrid vehicle that is legally a bicycle, provides full weather protection and gets the equivalent of 1,800 miles per gallon. The ELF is considered the most efficient vehicle commercially available, with over 8 million miles travelled by ELF owners in 12 countries. Organic Transit designs and manufactures small, ultra-efficient electric vehicles that fill the space between a bicycle and a car.
“Organic Transit is excited to team up with PetroSun and Torus TechWorks in this Series B round. This provides the capital resources necessary to scale operations just as micro-mobility is taking off in urban areas around the world.”, said Rob Cotter, CEO and Founder of Organic Transit. “Organic Transit is the leader in this technology and is the only manufacturer of enclosed solar vehicles that provide safety, weather protection, carry significant cargo, generate zero pollutants and are just great fun.”
For more information about Organic Transit, please go to www.organictransit.com. “Morning in an ELF” can be viewed at http://bit.ly/ELFmorning.
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