Ultracapacitor Startup Ioxus Raises Funds From NRG, GE

Was Tesla Motor’s CEO Elon Musk on the right track when he said he’d bet on capacitors over batteries for the future of electric cars? A group of high-profile investors seem to think so and have backed ultracapacitor startup Ioxus with $21 million.

Tesla CEO: I’d Bet On Capacitors Over Batteries

At the Cleantech Forum in San Francisco on Wednesday, Tesla’s CEO Elon Musk says he bets that it could be capacitors — rather than batteries — that will deliver an important breakthrough for electric transportation, an interesting comment from a CEO whose products are based on lithium-ion batteries

Zenn CEO & EEStor Champion Steps Down

With no word in sight from Zenn Motor’s endlessly-controversial partner on which it bet the farm — EEStor — the CEO of Zenn Motors, Ian Clifford, has officially stepped down this week. Clifford will shift into the role of Vice Chair of the Board of Directors.