Tioga Energy captures $1M to broker solar power purchase agreements
Tioga Energy, a San Mateo, Calif. company that facilitates affordable power purchase agreements between solar energy generators and commercial, government and non-profit consumers, has raised $1 million in debt and rights, according to a filing with the SEC.
This type of power purchase agreement allows energy providers and consumers to agree to a rate that is compatible with or less than market rates. Tioga goes as far as to install and maintain rooftop solar panel systems… Continue Reading
Networks in Motion acquires TrafficGauge for location-based traffic software
Networks in Motion, creator of location-based applications for mobile phones, announced that it’s purchased real-time traffic map provider TrafficGauge for an undisclosed sum. The Irvine, Calif. company plans to use TrafficGauge’s technology to develop better navigation tools for cell phones, including software that could make route recommendations based on current traffic conditions.
Network in Motion sells its services to carriers like Verizon Wireless. It has raised $15 million in capital to date from Redpoint Ventures, Mission… Continue Reading
$40M rains on Novariant to grow agricultural GPS systems
Novariant, developer of GPS and other location-based systems used to drive agricultural equipment hands-free, took in $40 million in a fourth round of funding led by Investor Growth Capital. The Fremont, Calif.-based company will use the new money to scale operations.
Its flagship AutoFarm line of products is intended to cut down on personnel demands and up crop yields — something most farmers pinched by the downturn are looking to do. Equipment driven by GPS is… Continue Reading