The advanced battery market is about to get much busier thanks to demand from electric vehicles, and an innovative program to capture energy from subway cars could cause a further surge. The Southeastern Pennsylvania Transportation Authority (SEPTA) won a
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energy storage system
Israeli fuel cell start-up EnStorage Ltd. has raised $15 million in a Series B financing round.
U.S. private equity fund Warburg Pincus led the round, and was joined by all of EnStorage’s current investors, including Greylock Partners, Canaan Partners, Siemens TTB, and Wellington Partners, according to a report in “Globes“.
EnStorage was founded in 2007 by VP R&D Dr. Arnon Blum, Chief Scientific Officer Prof. Emanuel Peled of Tel Aviv University, Chairman Nachman Shelef, and former CEO Eran Yarkoni.