TechnoSpin raises $8M for small wind turbines
TechnoSpin, a New York-based company creating small wind turbine designs for both consumer and commercial use, has raised $8 million in its first venture funding.
While the company is gearing up to make a turbine for sale mainly in remote and rural areas, it is also working on a gear mechanism that may be useful in applications beyond turbines.
The $8 million funding was led by 21Ventures. The company itself also has facilities in Israel, Eastern Europe and the Middle East.
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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.