VC-backed LED startup Luminus Devices has been sold off to a Chinese lighting company. Following in the footsteps of solar, electric cars, and batteries, LED technology is now also getting bought up by Chinese players.
As the solar panel industry dusts itself off from a long-anticipated glut in 2009, another green technology — large format lithium-ion batteries designed for transportation and grid storage applications — could be edging toward overcapacity.
According to market forecasts from Lux Research, global sales for these batteries will reach about $3.7 billion (6.3 gigawatt-hours) in 2015. Production capacity in that year, however, could be nearly triple that amount, with companies equipped with capacity to supply 18.2 gigawatt-hours, for some $10.7 billion if they were all sold. Lux senior analyst Jacob Grose told me in an email, “We are definitely predicting a Li-ion glut coming.”
Read More about Electric Car Battery Glut Looms on the Horizon
Hiring and recruitment tech firm Jobvite has raised $8.25 million in a second round of funding. ATA Ventures led the round, with participati…
Startup Pixazza has raised $5.75 million in a first round that includes investors August Capital, CMEA Ventures, Foundation Capital and most…
During the third quarter venture firms invested $7.13 billion in 907 deals, a drop of 9 percent in dollars and 8 percent in deals compared to the same period a year ago, according to the report from PricewaterhouseCoopers and the National Venture Capital Association, and based on data provided by Thomson Reuters.