Battelle Ventures invests $8M in cleantech startups
Battelle Ventures and an affiliate fund, Innovation Valley Partners, have together invested $8 million in three cleantech energy companies: Aldis, Ampulse and Planar.
Aldis, a company that manages municipal traffic lights to significantly reduce energy costs, received $1.9 million in its first funding, alongside a commitment for the same amount based on future milestones.
Ampulse, a company spun out from Oak Ridge National Laboratory to commercialize a thin-film photovoltaic technology, received $1 million in initial funding.
Finally, Planar is a spin-off of the National Renewable Energy Laboratory. It took $1.3 million in funding, with another $2.7 commitment, to develop thin-film batteries.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.