GreenLight Raises Growth Equity
Company Will Focus on Expanding Presence in Licensed Die-Cast Collectibles.
- (1888PressRelease) September 11, 2010 - Indianapolis, IN - 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.