What's going on at GreenFuel, and other news
Cleantech venture deals in the news:
- Next generation spark plug replacement developer ENERPULSE has taken in a Series B of at least $5.5mm from SAIL Venture Partners and Altira Group. The company's products promise performance and efficiency benefits for gas-driven vehicles, and they aren't the only company targeting this relatively unknown fuel efficiency idea...
- ChapDrive AS, a Norwegian developer of wind turbine technology, has taken in a $3.1mm round of financing. NorthZone Ventures, Hafslund Ventures, and Statoil New Energy are providing the financing. The company is field testing a prototype.
- Techtium, an Israel-based battery system developer for use in consumer products, has raised a $10mm Series B from Pitango Venture Capital and Poalim Ventures. The company's products allow a disposable battery to charge a rechargeable battery for these kinds of applications, so it's no surprise that Energizer had previously put $5mm into the company. In total, the company has raised $25mm to date.
Other news and notes: Putting cleantech venture capital in perspective... Another green car company launches -- Gordon Murray Design (word of their venture backers came out back in April)... Neal's not the only one confused by everything going on in Washington... Sure seems like some kind of cap and trade is no longer an "if" question but instead "when and how"... Meanwhile, here's more big news on the policy front for the solar industry... Here's another sign that energy efficiency is the next big thing in cleantech... The next round of funding announcements by Sustainable Development Technology Canada... Cleantech-focused recruiters Hobbs & Towne have opened up a west coast office... Finally, in this nice summary of a recent panel discussion, it's worth noting the statistic that 40 hedge funds are already trading in emissions.