Cleantech Investing: ReVolt raises $8.5M, Hy-Drive raises C$2.6M

Tuesday, July 05, 2005

ReVolt raises $8.5M, Hy-Drive raises C$2.6M

From last week:

ReVolt, manufacturer of a rechargeable zinc-air battery that aims to replace lithium-ion batteries, raised 7M euros in VC funding last week. The company, based in Norway, raised the capital from Northzone Ventures, Sofinnova Partners, Techno Venture Management and Viking Ventures.

Hy-Drive Technologies, an Ontario company which has developed a system for improving internal combustion engine performance (by injecting hydrogen), announced they have raised about C$2.6M via a PIPE transaction.

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Tuesday, July 05, 2005

ReVolt raises $8.5M, Hy-Drive raises C$2.6M

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