Joule Unlimited announcement in May 2015: more funding and transitioning to commercial production?
Joule announced the round Monday [11 May 2015] and said it is a mix of private equity and venture debt. Flagship Ventures, the Boston-area venture capital firm that created Joule in 2007, led the round, which also included investments from Joule’s other backers. With the new cash, Joule has raised a total of $200 million.
Joule will use the new money to expand its pilot production plant in Hobbs, NM, the company said in a release.