Emefcy, a microbial fuel cell startup based in Caesarea, Israel, has raised $5 million at a company value of more than $10 million, post-money.
UK investment fund Pond Venture Partners led the round, joined by current Emefcy investors Israel Cleantech Ventures Funds and Plan B Ventures, according to Globes and IVC Online.
Emefcy, co-founded by serial entrepreneurs Eytan Levy and Ronen Shechter, is developing the MEGAWATTER™ technology. This technology produces low cost electricity (at $0.10/kWhr) and hydrogen in a bio-electro-chemical process from wastewater treatment by leveraging Microbial Fuel Cell (MFC) technology.
Levy and Shechter previously founded wastewater treatment company AqWise. In February 2009, this blog detailed Emefcy's efforts to raise a $3.5-$5.0 million Series A financing. That same month, Levy presented at a public event at MIT organized by the Boston Israel Cleantech Alliance. Plan B Ventures is based in Boston and its principal, Barbara Goldman, is a member of the Boston Israel Cleantech Alliance.
Levy told Globes, "The capital raised will help us set up a commercial pilot. We've already established laboratory pilots on increasingly larger scales. Progress to a commercial pilot is based on the successful results of the laboratory pilots."
Emefcy's Scientific Advisory Board includes Prof. Bruce Logan of Pennsylvania State University, Prof. Derek Lovely of the University of Massachusetts (Amherst) and Prof. Bruce Rittmann, Director of the Biodesign Institute at the University of Arizona.
Related Posts:
Emefcy signs collaboration agreements, raising Series A funds
Israel Cleantech buys 11% of AqWise
AqWise founders start new cleantech venture
Showing posts with label United Kingdom. Show all posts
Showing posts with label United Kingdom. Show all posts
Monday, May 10, 2010
Monday, August 4, 2008
UK bus company to deploy GreenRoad Safety Center
GreenRoad Technologies, a world leader in driver safety technologies, and whose R&D center is located in Or Yehuda, Israel, recently announced that Metroline is the first UK bus company to deploy GreenRoad Safety Center in its fleet. The technology is installed in more than 100 buses based at its Perivale garage in West London.
GreenRoad Safety Center rates driving skills without invading the driver’s privacy. An in-vehicle sensor collects information on up to 120 different driving maneuvers. These are constantly analyzed to give the driver feedback about their driving and the areas that need improvement. Individual drivers receive instant feedback from a small display on the dashboard. The driver and the fleet manager have access to more detailed analysis of driving skills and recommendations for improvement through a password-protected web site.
The technology should help ensure a safer, smoother and more comfortable ride for Metroline's passengers, as well as lowering fuel consumption and carbon emissions. According to GreenRoad, its clients have reduced accidents by an average of 54%, lowered accident repair costs by an average of 49% and decreased fuel costs by an average of 7%.
GreenRoad is backed by Benchmark Capital, Virgin Green Fund, Amadeus Capital Partners and Balderton Capital.
Related Posts:
GreenRoad raises $17.5 million in Series C funding
GreenRoad Safety Center rates driving skills without invading the driver’s privacy. An in-vehicle sensor collects information on up to 120 different driving maneuvers. These are constantly analyzed to give the driver feedback about their driving and the areas that need improvement. Individual drivers receive instant feedback from a small display on the dashboard. The driver and the fleet manager have access to more detailed analysis of driving skills and recommendations for improvement through a password-protected web site.
The technology should help ensure a safer, smoother and more comfortable ride for Metroline's passengers, as well as lowering fuel consumption and carbon emissions. According to GreenRoad, its clients have reduced accidents by an average of 54%, lowered accident repair costs by an average of 49% and decreased fuel costs by an average of 7%.
GreenRoad is backed by Benchmark Capital, Virgin Green Fund, Amadeus Capital Partners and Balderton Capital.
Related Posts:
GreenRoad raises $17.5 million in Series C funding
Monday, July 21, 2008
GreenRoad raises $17.5 million in Series C funding
GreenRoad Technologies, a leader in driver safety technologies, today announced that Amadeus Capital Partners, a European technology investor, has joined Virgin Green Fund, Benchmark Capital, and Balderton Capital in providing C round financing of $17.5 million. The funding will be used to expand the company’s R&D, sales and marketing efforts. Richard Anton, Amadeus Partner, becomes the newest member of GreenRoad’s Board of Directors.
GreenRoad is headquartered in Silicon Valley and London, but its R&D center is in Or Yehuda, Israel. The company was founded by CTO Ofer Raz and Senior VP Hod Fleishman.
GreenRoad Safety Center, the company’s flagship product, addresses two important issues that are a major contributor to the overall cost of doing business these days - vehicle crashes and fuel economy. Aggressive driving behavior contributes to 95% of road accidents and leads to injuries and fatalities. Unsafe drivers also waste fuel and increase carbon emissions, as aggressively-driven vehicles burn 10-15% more fuel.
For more information about GreenRoad's technology and services, check out the company's web site.
The company is partnering with commercial fleets, insurance companies, and local governments in the US, EU and Israel, where the combined estimated market potential exceeds 77 million vehicles. Customers already include Amdocs, T-Mobile, and the UK Ministry of Defence.
Benchmark Capital and Balderton Capital have been investors in GreenRoad since 2006. Virgin Green Fund joined in January 2008.
Advising Amadeus on the funding was Israeli law firm Meitar Liquornik Geva & Leshem Brandwein. GreenRoad was advised by Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co.
Related Posts:
Traffilog develops solution to improve fuel efficiency
GreenRoad is headquartered in Silicon Valley and London, but its R&D center is in Or Yehuda, Israel. The company was founded by CTO Ofer Raz and Senior VP Hod Fleishman.
GreenRoad Safety Center, the company’s flagship product, addresses two important issues that are a major contributor to the overall cost of doing business these days - vehicle crashes and fuel economy. Aggressive driving behavior contributes to 95% of road accidents and leads to injuries and fatalities. Unsafe drivers also waste fuel and increase carbon emissions, as aggressively-driven vehicles burn 10-15% more fuel.For more information about GreenRoad's technology and services, check out the company's web site.
The company is partnering with commercial fleets, insurance companies, and local governments in the US, EU and Israel, where the combined estimated market potential exceeds 77 million vehicles. Customers already include Amdocs, T-Mobile, and the UK Ministry of Defence.
Benchmark Capital and Balderton Capital have been investors in GreenRoad since 2006. Virgin Green Fund joined in January 2008.
Advising Amadeus on the funding was Israeli law firm Meitar Liquornik Geva & Leshem Brandwein. GreenRoad was advised by Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co.
Related Posts:
Traffilog develops solution to improve fuel efficiency
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