Firefly and Infinite Power; European cleantech VCs in a "choppy" market?
- Firefly Energy, which has developed an alternative set of components for improved performance in lead acid batteries, announced a $10mm Series B led by Stark Capital, and including existing investors Caterpillar, KB Partners, the Illinois Finance Authority and the Tri-County Venture Capital Fund. The financing will go toward further product development and other efforts.
- Infinite Power, which announced a raise back in September, has taken in additional strategic financing (amount undisclosed) from In-Q-Tel -- so it's been a big day for energy storage techs. Infinite's approach involves thin-film lithium.
- Here's an interesting take on some info the CTVN put out about European cleantech VC investments.