- Not sure who posted it first, PE Hub or VWire, but the news came out at the end of last week that Venture Vehicles has raised a $6mm Series A led by NGEN and including DVC Technologies NV. The company's first concept vehicle, with a design licensed from Carver Engineering (a subsidiary of DVC), is a tilting three-wheeler that they say will be able to go zero to 60 in 6 seconds, hit a top speed of 100mph, get mileage of 100mpg, and cost less than $20k.
- Today Dan Primack at PE Hub scooped that Phoenix Motorcars is close to raising a $15mm Series A including funding by Kleiner Perkins, Virgin Fuels and AES Corp. Pre-money valuation is said to be "anywhere from $10 million to $20 million".
- Jonathan Shieber at VWire broke the news Friday that Craton Equity Partners, a first-time fund in southern California, has raised over $120mm of a targeted $250mm fund.
- Energy efficiency continues to be hot: Efficient lighting equipment manufacturer Orion Energy Systems has filed for an $100mm IPO. [Self-promotion alert: Orion has been backed by Expansion Capital Partners and others]
- Two more scoops by VWire: 1. "Green drywall" developer Serious Materials has around half of a $40-50mm round of financing soft-circled, according to the CEO, although they are still "trying to lock down the lead". The company is tracking toward revenues well north of $20mm in 2007, and took in a $5.5mm first round of financing in 2006. 2. News came out on Monday that algae-to-biofuels developer Inventure Chemical raised an undisclosed amount of Series A financing -- VWire reported that the size of the round was $2mm and that Cedar Grove Investments, Brighton Jones Wealth Management and angel investors provided the funding.
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