Monday, January 21, 2008

Israel Cleantech Ventures invests in CellEra, fuel cell start-up

Sources inform ''Globes'' that Israel Cleantech Ventures has invested in fuel cell start-up CellEra.

CellEra CEO Ziv Gottesfeld and VP R&D Dario Dekel founded the company in 2007. It is developing a disruptive technology promising to turn fuel-cell power sources into a mass-market commercial reality. According to IVC Online, CellEra has five employees and hopes to increase the financing round.

Israel Cleantech Ventures is the country's first specialized venture capital fund investing in energy, water, and environmental companies. Its general partners are Jack Levy, Glen Schwaber, and Meir Unkeles.

Related Posts:

CellEra raises $2 million from Israel Cleantech Ventures and BrainsToVentures

Roger Saillant, fuel cell industry veteran, joins CellEra board of directors

Global map of cleantech startups includes five Israel-related companies