Ausra rakes in $24.5M for solar thermal power
A little over a month after opening its first 130,000-square-foot factory in Las Vegas, Palo Alto, Calif.-based Ausra, a developer of utility-level solar thermal power, has raised $24.5 million in a third roundof funding from returning investors Khosla Ventures and KPCB. New investor KERN Partners, based in Alberta, Canada, also joined the round.
The company plans on raising more money — enough to bring its total closer to $50 million, according to Earth2Tech — during the… Continue Reading
ArcelorMittal launches cleantech and carbon funds
ArcelorMittal, the world’s largest steel manufacturer, has announced the creation of two new funds: a cleantech venture capital fund which will initially invest $20 million in Miasole and a €100 million ($157 million) carbon fund.
The Luxembourg-based multinational will work with several leading VC firms, including Khosla Ventures, KPCB and Bessemer Venture Partners, to find promising new startups and technologies for its cleantech fund to invest in. As per its business orientation, it will primarily seek… Continue Reading
Lehigh Technologies closes “substantial” funding round for rubber recycling
Lehigh Technologies, a Naples, Florida-based rubber recycler, wrapped up what its CEO called a “substantial” funding round in March that was led by new, heavyweight investors KPCB and Index Ventures, according to VentureWire. It previously raised $18 million from NGP Energy Technology Partners and some early seed money from Gulfshore Ventures.
The funds will be used to build a new $15 million recycling plant next year, the company’s second in its 5 year history. Dennis Gormley,… Continue Reading