Wednesday, 1 April 2015
Last updated 3 hours ago
Dec 11 2009 | 9:51am ET
Woodside, California-based Imara Corp. (formerly Lion Cells), a developer of lithium ion battery technologies, has ceased operations.
VP of business development Neil Maguire explained in a blog post:
“We never could get the Operations scaled up and after a year delay, investors needed to cut their losses. In the end, in this exec’s opinion, the battery industry is not about producing compelling PowerPoints, it is about the nuts and bolts of equipment design, process control and repeatability and producing a quality product at high run rates.”
The company had received $19.1 million in funding from Battery Ventures and Nth Power but spent the last eight months looking for an additional $20 million, without success.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…