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Electric sedan maker Coda Automotive has attracted some well-connected people with its latest round of funding, including former Treasury Secretary and Goldman Sachs CEO Henry Paulson.

The company, which plans to sell an all-electric sedan in California next year, said on Tuesday that it has completed a series B round of $24 million in equity. The money will be used to bring its car to market and fund a joint venture to manufacture the car battery.

The Coda is a highway-capable sedan with a 100-mile range to be made in China.
(Credit: Coda Automotive)

Joining Paulson as an investor and President Clinton's former chief of staff Thomas "Mack" McLarty. Other investors include investment bank Piper Jaffray, energy investor Tom Steyer, former Edison International CEO John Bryson, and company executives

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