Miartech and Smart Fuel Cell
- Miartech, a Shanghai company which appears to be designing energy demand response capabilities into semiconductors intended for consumer products, raised $6mm in first-round funding from DFJ, DFJ DragonFund, and DFJ Element. It's interesting to see DFJ leveraging all three entities on the same deal.
- German methanol-fueled fuel cell developer Smart Fuel Cell (say that three times real fast) announced a 15mm euro raise from "several renowned European institutional funders." The company's fuel cells are being used so far as auxiliary power on a line of motor homes, and are targeting a broad range of transportation and battery-replacement applications. The company had previously raised 9.6mm euro of funding, from investors including the 3i Group, Pricap Venture Partners, E.I. DuPont de Nemours, and Buchanan Industrial Technologies.
