New Energy World Network: Connecting Investors, Innovators & Deal-Makers worldwide

Essential industry insights

cleantech --- renewables --- sustainability

Advanced
Search

Graphene Energy raises $500,000 seed investment

12 Jan 2009

Graphene Energy has raised $500,000 seed investment from venture capital investors Quercus Trust and 21 Ventures. In addition, it also concluded licensing terms for graphene-based Ultracapacitor Technology from the University of Texas and The College of William and Mary in Virginia.

The company is now in the process of qualifying graphene-derived electrodes and production processes.

‘We are very excited to have this opportunity to commercialise the Graphene-based Ultracapacitor technology to address the ever growing needs for energy storage, in particular, in applications with the need for high power densities,’ said Dr Dileep Agnihotri, CEO of Graphene Energy, ‘and I am very happy to have Quercus Trust and 21Ventures as investment partners. They have been very supportive of early stage, disruptive and clean technologies.’

David Anthony, managing partner at 21 Ventures, said, ‘Graphene Energy, with an exciting technology for addressing energy storage needs, particularly for high power density requirements and enabling new applications of energy storage, is an exciting addition to our portfolio. Demand for energy storage is growing tremendously and the graphene-based Ultracapacitor technology is ready to make its contribution. It is also an excellent fit in our portfolio of cleanTech companies.’

Copyright © 2009 newnet

Tags: ,


Related Posts


Leave a Reply

You must be logged in to post a comment.

Legals & Terms of UsePrivacy & Cookies Policy

NewNet is a trading name of New Energy World Network Ltd, registered in England (No. 06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © New Energy World Network (NewNet) 2008-2014