Tuesday, May 5, 2009

Deeya Energy Pulls In $30M

Fremont-based Deeya Energy said Tuesday that the firm has raised $30M, in a Series C funding round. Deeya--which develops load-shifting, energy storage technology--said the round was led by Technology Partners, and also included BlueRun Ventures, DFJ, Element Partners and New Enterprise Associates. The funding brings the company's total raised to $53M. Deeya's products use battery technology to shift energy consumption, and is initially being targeted at saving diesel fuel costs in the Indian wireless cell tower industry. More information »