Nanostellar investment brings diesel engines closer to clean
Among the many parts of a car or truck is the catalytic converter, a part that minimizes the toxic emissions coming from the engine. Nanostellar, based in Redwood City, Calif., is a company that uses nanotechnology not only to improve the process but also to reduce costs.
Today’s catalytic converters make liberal use of platinum, an expensive rare metal. By using palladium and gold particles, both much cheaper than platinum, Nanostellar can cut its platinum use… Continue Reading
Nanostellar, car catalytic converter company, raises $3M bridge round
Nanostellar, a Menlo Park, Calif. provider of platinum nano-composite catalyst solutions, is raising a $3 million bridge financing round, according to a regulatory filing cited by PE Wire. The company previously raised around $10 million, from firms like 3i Group, Khosla Ventures, AsiaTech Management Monitor Ventures, Firelake Capital Management, Big Basin Partners and Modu Angel Fund, according to the report.
See VentureBeat coverage of this company here.