CMEA pulls plug on $500M late-stage cleantech fund
CMEA Capital has decided against raising a new $500 million fund to back late and growth-stage cleantech companies, Dow Jones VentureWire reported earlier today. The news is interesting for two reasons: 1) It suggests a shift in strategy for CMEA, one of the largest investors… Continue Reading
Green investing bounces back from recession
Venture Capital investment in green technology companies has jumped to tie pre-recessionary levels, according to a new report out of Greentech Media. With $1.9 billion spread over 112 deals, this year’s third quarter trounced figures from earlier this year, signaling a stronger than anticipated comeback… Continue Reading
A123 IPO charges the market as share price jumps 50 percent
Yesterday, we reported that advanced battery company A123Systems‘ initial public offering would be a bellwether for the rest of the energy storage industry, whether it soared or flopped. With all eyes fixed on its predicted $13.50 share price, the stock (AONE) proceeded to wallop the… Continue Reading
A123Systems is ready for its close up — preps for tomorrow’s IPO
A123Systems is the name on everyone’s lips today as the most gabbed-about IPO of the week — maybe even of the last few months — preps to go live on the Nasdaq tomorrow morning as AONE. The Watertown, Mass., company made news yesterday, hiking its… Continue Reading
GM announces $43M battery plant for its Chevy Volt
General Motors became the first major automaker to announce plans for a battery manufacturing facility today, unveiling a roadmap that will jump start production of up to 70,000 lithium-ion battery packs a year by the end of 2010.
The batteries produced will be used primarily in… Continue Reading
DOE juices battery companies with $2.4B in stimulus funds
After months of applications and speculation, the U.S. Department of Energy has finally announced the winners of the $2.4 billion in stimulus grants earmarked for the advanced battery industry. With a tight focus on batteries tailored to next-generation cars, the department used the money to… Continue Reading
Envia raises $3.2M for lithium ion batteries
Envia Systems, a company that provides energy storage services via lithium ion batteries, took $3.2 million in first-round funding from Bay Partners and Redpoint Ventures. The Hayward, Calif.-based firm hopes to integrated its technology into cleantech applications, particularly electric vehicles, hybrid electric vehicles and plug-in… Continue Reading
Battery maker, A123Systems, acquires hybrid-electric retrofitter, Hymotion
Clean-tech blogger Tyler Hamilton reports that Sequoia-backed Watertown, Mass-based battery maker A123Systems has quietly acquired Concord, Ontario-based Hymotion, which provides a kit to retrofit hybrid-electric cars into plug-in models. The two companies are already working together to supply plug-in hybrids to fleets in California and… Continue Reading
A123Systems raises $40M more for car battery, in showdown with EEStor
A123Systems, the Watertown, Mass. company selling high-power lithium-ion batteries, said it has raised $40 million more in a fourth round of funding, bringing the total invested in the company to $102 million.
The funding comes amid increased interest by auto-makers and the public in electric cars,… Continue Reading