As we approach the end of 2015, its time to reflect on the successes over the past year for our Cleantech Open West alumni. It's certainly been a good one!
Two of our regional winners from last year are on the fast-track already. Axiom Exergy has expanded its management team and is expecting to close Series A funding in early 2016. Several large supermarket chains are showing interest in running pilot projects with their Refrigeration Battery. BlueMorph UV has found a manufacturing partner and successfully installed its first commercial project at Jackson Family Wines, sanitizing wine tanks without the need for a drop of water.
The Grand Prize winner from 2013, PowWow Energy has had another fabulous year, securing $3 million in funding from the California Energy Commission and Angel investors. Its SaaS product aims to save water and energy in the agriculture sector, certainly a critical area for drought-ridden California. Puralytics, the National Cleantech Open champion from 2011, is another water-based company that manufactures portable water-purifiers. This Oregon-based company has just raised $1.1million following on from its $4million Series A funding in 2014.
From 2011, our regional energy efficiency winner, NuLEDS, are lighting the way with their low voltage Ethernet lighting. Their revolutionary system has been installed in large-scale facilities such as Cisco CBC, Miami Dade School and Alpha Tech. Another 2011 alumnus, Verdigris Technologies is also involved with energy efficiency at a commercial scale. They have raised $7.3 million in funding and the company now employs 23 staff. And from the very large to the miniscule; nanotech startup Tribotex secured a SBIR grant of $730K for research into their self-lubricating coatings.
Cleantech transportation is a notoriously hard road to travel… many congratulations to Arcimoto who are taking orders for their 'affordable' electric vehicle that goes on sale at the end of 2016. And on a fun note… who would have predicted that RocketSkates would have taken off so successfully! Yes, the electric roller-skates have had strong sales in the West and are now powering into China.
Congratulations to our alumni for another year of hard work in cleantech, and best wishes to them all for further success in 2016.
By Jane Richards on in Alumni Success Stories