A Coventry-based manufacturer responsible for producing all electric black taxis - ‘Hackney Carriages’ - approved by Transport for London has secured a £1.25m loan.  The funding, which was provided by the Midlands Engine Investment Fund and Maven Capital Partners, will enable Dynamo to recruit and train 50 new employees. The firm is also set to scale up its production capacity.  Dynamo produces an electric taxi known as the ‘Dynamo taxi’. A fully electric version of London’s iconic black cab, the zero-emission vehicle is based on the Nissan e-NV200 and is manufactured in association with Nissan.