Die-Cast Vehicle Company Secures New Investment
An Indianapolis-based manufacturer of die-cast vehicles says it has lined-up new investment. GreenLight LLC says proceeds will help accelerate the development of new projects and allow it to expand more aggressively into the licensed die-cast collectibles market.Indianapolis, IN (September 8, 2010) GreenLight, LLC, together with its affiliate, Under the Hood Club LLC, today announced that it has completed a significant equity investment from a group of individual investors. Net proceeds from this investment will be used to accelerate the development of new projects and to expand more aggressively into licensed die-cast collectibles and related products that appeal to the company’s auto enthusiast customers.
“Our new investors recognize the tremendous following GreenLight has built among automobile die-cast enthusiasts,” said Kevin Davey, GreenLight’s President. “They and we at GreenLight firmly believe our best days are ahead of us. While the economy remains tough, we are gratified by the reception our products continue to receive from customers, both in the United States and internationally. And we have numerous new ideas and concepts we’re already working on that we’re confident will strike a chord with our core collectors,” said Mr. Davey.
Headquartered in Indianapolis, GreenLight is a premier manufacturer and marketer of officially licensed, authentic die-cast replica vehicles. GreenLight die-cast replicas are available in 1:18, 1:24 and 1:64 scale and are officially licensed by General Motors, Ford Motor Company, Chrysler Group, Carroll Shelby Licensing, Mecum Auctions, Universal Studios, Indianapolis Motor Speedway, Goodyear Tire & Rubber and Bridgestone Americas, among others.