T3 Motion, Inc., a leading provider of EV technology to commercial, consumer, law-enforcement and government markets, announced the limits of its revolving line of credit have been increased by an additional $250,000 by two of its primary institutional investors, Alpha Capital Anstalt , Brio Capital Master Fund.

The facility allows for up to $1,000,000 of borrowings based on a combination of: i) 90% of the value of eligible Accounts Receivable, ii) 80% of the market value of finished inventories, and iii) 25% of the market value of raw materials and sub-assembly inventories. The Facility bears interest at 7.25% payable monthly and is secured by the Company's assets. Alpha Capital Anstalt and Brio Capital Master Fund were both significant investors in the company funding announced in November 2012 and March 2013.

"T3 Motion is excited to have the continuing support from our key investors which will provide us the additional working capital we need to fulfill our sales and revenue growth objectives as well as the expansion of our sales and marketing efforts to support the release of our new next generation vehicles due out in November," stated William Tsumpes, Chief Executive Officer and Chief Financial Officer of T3 Motion.

"This additional capital further demonstrates our commitment to provide T3 Motion with the financial support it needs as it continues to improve its financial performance under the management of its new CEO William Tsumpes," stated Shaye Hirsch of Brio Capital Master Fund.

The company expects that the proceeds of the financing will be used for general working capital purposes, including the purchase of parts inventory, sales and marketing, and research and development.

T3 Motion, Inc. designs, markets and manufactures the T3 Patroller and Vision Series Electric Stand-up Vehicles.