- ReVolt, manufacturer of a rechargeable zinc-air battery that aims to replace lithium-ion batteries, raised 7M euros in VC funding last week. The company, based in Norway, raised the capital from Northzone Ventures, Sofinnova Partners, Techno Venture Management and Viking Ventures.
- Hy-Drive Technologies, an Ontario company which has developed a system for improving internal combustion engine performance (by injecting hydrogen), announced they have raised about C$2.6M via a PIPE transaction.
