Monday, May 11, 2015

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.



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