• Glo

  Participated · Series D · Mar 2014

  Glo develops nanotechnology-based LED light sources using proprietary nLEDTM technology for displays, illumination, and automotive markets. Its products use advanced gallium nitride materials to produce stable red, green and blue emitters from a single material system without phosphor conversion. Glo says its first-generation nLED products demonstrate superior color and competitive efficiencies versus standard planar LEDs. The company plans to use the new funding to expand its product portfolio, grow the team, and deepen strategic partnerships. Glo operates a 60-person R&D and operations facility in Sunnyvale, California, and has established a sales and support office in Tokyo. It is a spin-off of Lund University in Sweden and emphasizes manufacturability on standard equipment and materials.

• Sol Voltaics

  Participated · Equity · Sep 2013

  Sol Voltaics is a Lund, Sweden-based solar technology company developing SolFilm™, a patented low-cost thin-film composed of billions of Gallium Arsenide (GaAs) nanowires intended to increase conventional solar panel efficiencies. Led by CEO Erik Smith, the company has confirmed manufacture of nanowires using its low-cost Aerotaxy® process. Sol Voltaics is in the final stages of technology optimization and expects to send samples to partners by the end of 2018. It closed $21.3m in funding to support its next steps. The company intends to use the funds to accelerate commercialization and scaling of its SolFilm technology. Sol Voltaics develops a high-volume production platform for its patented Aerotaxy® nanowire thin-film process aimed at improving the efficiency and sustainability of conventional solar modules. The company is commercializing a tandem-layer nanowire solar film and recently announced alignment of gallium-arsenide nanowires in a thin film that should enable materially higher PV module efficiencies. Led by CEO Erik Smith, Sol Voltaics intends to use new funding to accelerate commercialization of its technology. The business combines materials engineering and scalable manufacturing methods to produce nanowire-enhanced photovoltaic films. Financially, the company secured equity and grant funding in its latest financing to support product development and market rollout. Sol Voltaics, based in Lund, Sweden, develops Solink™, a gallium arsenide nanomaterial additive designed to boost the light‑to‑electricity conversion of crystalline silicon and thin‑film solar modules. The company plans to use the recent financing to move Solink into pilot production and scale toward commercial output. Management, led by CEO David Epstein, projects commercial production of Solink‑enhanced modules beginning in 2015 with volume production in 2016. The product is intended for integration into solar modules to increase efficiency. In conjunction with the round, Sol Voltaics added Thomas Moe Borseth of Umoe and Kang Sun (former CEO of JA Solar and CEO of Amprius) to its board. Sol Voltaics is a Lund, Sweden-based company that develops a new type of material and production method intended to reduce the cost of producing electricity from solar cells. It is developing a rapid fabrication process for gallium arsenide (GaAs) nanowires in which each wire functions as a solar cell. The company intends to use newly raised funds to further advance its products. Sol Voltaics originated from nanotechnology research at Lund University and was founded in 2008. It is led by CEO Bo Pedersen and has several existing corporate and venture backers.

• Boston Power

  Participated · Equity · Dec 2011

  Boston-Power is an award-winning systems provider of next-generation lithium-ion battery cells, blocks, modules and systems, with flagship products Swing and Sonata serving BEV/PHEV, utility energy storage, portable power and notebook markets. Founded in 2005 and headquartered in Westborough, Massachusetts, the company has filed more than 150 patents and maintains Six Sigma-level mass manufacturing operations in Asia. Boston-Power announced $30 million in new private equity led by GSR Ventures, supplementing a September 2011 announcement of $125 million in growth capital plus Chinese government stimulus (grants, low-interest loans and related incentives). The new funding is being used to scale manufacturing, research and development, and business development activities in China. The company has broken ground on a manufacturing site in Liyang in the Shanghai Corridor, scheduled for completion by the end of 2012, with planned annual cell production capacity of 400 MWh. Boston-Power is also establishing an R&D and EV battery engineering facility in Beijing while its Westborough team continues to handle IP development, R&D, global customer support, sales and partnerships. Boston-Power is a provider of next-generation lithium-ion battery cells, modules and systems, with flagship Swing and Sonata products serving BEV/PHEV, utility energy storage and portable power markets. The company has filed more than 150 patents and operates Six Sigma-level mass manufacturing in Asia. It plans to establish a world-class R&D and EV battery engineering facility in China and build a state-of-the-art manufacturing plant capable of producing 400 MWh of cells annually by the end of 2012. The recent $125 million financing and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China. As part of the China-focused strategy Boston-Power is reallocating global resources and transitioning a number of positions from its Westborough, Massachusetts offices while retaining IP development, R&D, global customer support, sales and partnerships in Westborough. Boston Power develops advanced lithium-ion batteries for electric vehicles, grid storage, and previously for portable consumer electronics. It has a lucrative supply deal with Hewlett-Packard and launched its first lithium-ion car battery last spring. The company is partnering with several car companies, including Saab, to hasten commercialization of automotive batteries. It operates manufacturing plants in Taiwan and is seeking expansion in China and possibly Europe; a planned Auburn, Mass. plant was scrapped after federal stimulus grants failed to materialize. Investors have provided multiple financings; the recent $60M round is the company’s fifth, bringing total capital to about $185 million. The company said the new funding will be used to grow manufacturing, sales, marketing and R&D and could more than double its workforce over the next three years. Boston Power develops advanced batteries for electric vehicles, having started with smaller applications like laptop batteries for Hewlett‑Packard. The company is adapting products for plug‑in hybrids with roughly 40‑mile ranges and for all‑electric vehicles, and has landed several unnamed EV partnerships for continued development. It plans a first U.S. manufacturing facility in Auburn, Massachusetts, that would produce up to 50 megawatts of batteries per month at peak and create up to 600 continuous jobs. Boston Power already operates several plants in Taiwan and is developing another in China. The Auburn project has secured $9 million in Massachusetts matching funds and the company has applied for upwards of $100 million in Department of Energy stimulus grants to support larger capital projects. To date the company has raised $125 million in venture funding from Foundation Asset Management, Oak Investment Partners, Venrock, GGV Capital and Gabriel Venture Partners.

No current team members are available.