Glacier Bay solidifies $10M for power management systems
Glacier Bay, maker of high efficiency power and thermal management systems for trucking and aquatic applications, announced that it raised $10 million in new capital from the Westly Group, New Enterprise Associates and Quercus Trust.
The 18-year old company shifted to building energy-efficient HVAC and power generation systems in the last two years. This has proved much more lucrative than its previous focus on researching related topics.
The Union City, Calif. company’s lead product right now is… Continue Reading
Firefly Energy raises $16M for powered-up lead acid batteries
The Peoria, Ill., startup capped off a $16 million third round of funding to continue developing and marketing its carbon and graphite foam-based battery technologies for commercial and military use. Khosla Ventures and Infield Capital, which signed on as new investors to lead the deal, were joined by Stark Capital, Caterpillar and other previous investors.
Firefly, which claims its lead acid batteries are cheaper, lighter and more powerful than conventional ones, will release the Oasis battery… Continue Reading