Rob Day | October 31, 2006 at 7:46 PM

Transonic Combustion, WaterHealth, Moteiv, and other news

• Transonic Combustion, which is designing internal combustion engines using proprietary fuel injection and other technologies for energy efficiency, has raised an undisclosed amount of financing from Venrock Associates, Rustic Canyon, and Khosla Ventures.

• A couple of fundings made public by PEWW:  WaterHealth International, which is developing distributed drinking water purification systems using UV, has raised $7.25mm of an anticipated $12mm Series C round, with current investors including Dow, Monsanto, J&J and Plebys.  Also, wireless sensor network developer moteiv has raised a $3.85mm Series A including funding from Onset Ventures, Claremont Creek Ventures, PacRim Venture Partners, and Capital Valley Ventures.
  

• Battery Ventures is ramping up their cleantech team, with the announcement that David Dreesen has come on board as a partner, coming over from Nth Power to focus on cleantech investments.  They also announced the promotion of Jason Matlof to partner.

• Some public market moves of relevance:  Vycon Inc., a manufacturer of flywheels, is planning an AIM listing to raise $18mm in financing.  PV panel manufacturer Canadian Solar is planning a $100mm IPO on the NASDAQ.  And Abengoa Bioenergy has taken in $10mm in strategic financing from Dyadic International.

Other notes:  Israeli VCs expect regional cleantech investing efforts to ramp up quickly...  Tyler breaks the news that a Canadian battery tech company is closing its doors…  Finally, does this mean that fitness technologies are cleantech?