Tuesday, May 26, 2009

UltraCell Charges Up With $3.8M

Livermore-based UltraCell, which produces fuel cells targeted at mobile power applications, disclosed today that it has raised another $3.8M for the firm in funding. The company said that the new funding came from existing investors BASF Venture Capital GmbH, OnPoint Technologies, Espirito Santo Ventures (ES Ventures) and Miami Valley Venture Fund. UltraCell said the funding brings its total raised to $30M. The new funding roudn will go towards scaling manufacturing, and expanding sales, marketing, and field trial testing. More information »