AAA Vodafone ushers in $9.2m CellEra

Vodafone ushers in $9.2m CellEra

CellEra has raised $9.2m in a round led by the corporate venturing unit of UK-listed Vodafone and Israel-based Carmel Ventures yesterday.

Israel Cleantech Ventures (CellEra’s largest shareholder), Switzerland-based BrainsToVentures (B-2-V) Partners and individual investors also participated.

Carmel Ventures’s Ori Bendori will join the CellEra board as part of the deal.

The company goal is to "deliver clean, efficient and highly-affordable energy storage and conversion technology" as an alternative to current energy suppliers.

The company has raised at least $13.2m, based on calculations from previous reported fundraising. In 2010 Earth2Tech reported that CellEra had raised $2m from Israel Cleantech Ventures in 2009 and a further $2m in 2010 from B-2-V Partners and Israel Cleantech Ventures.

 

Leave a comment

Your email address will not be published. Required fields are marked *