Jadoo Power announced an $11B Series B round today, giving a nice boost to the fuel cell startup with a very fun name. Mohr Davidow is one of the major investors, apparently, in yet another example of mainstream VCs paying more and more attention to cleantech.
Interestingly, this post argues that Jadoo is unique as a fuel cell startup by targeting early developing niche markets (particularly military/defense) instead of trying for big technological breakthroughs. Probably smart... But sooner or later, MDV has to be gambling that Jadoo will be able to get into some much bigger markets...
