Deeya Energy, A Clean Energy Technology Company, Raises Its First Round; BlueRun Ventures, Draper Fisher Jurvetson and DFJ Element Share the Round.FREMONT, Calif. -- Deeya Energy, a developer of novel energy storage systems, announced today that it has raised its first venture capital funding round from BlueRun Ventures, Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. (DFJ DFJ Dysfunkshun Junkshun (Austin, Texas band) ), and DFJ Element. The investment will be used for product development and global market expansion. Deeya Energy is a clean technology start-up developing and manufacturing electrochemical electrochemical /elec·tro·chem·i·cal/ (-kem´i-k'l) pertaining to interaction or interconversion of chemical and electrical energies. e·lec·tro·chem·i·cal adj. energy storage systems based on its proprietary L-Cell technology. Deeya L-Cells have much better charging and discharging performance while being much cheaper than other batteries. Besides, the L-Cells contain environmentally benign materials and are infinitely recyclable, as opposed to the kinds of materials used in other batteries, such as lead-acid. Deeya's Founder, Dr. Saroj Sahu, an Applied Physicist, has worked in technology leadership positions at Raychem/Tyco Electronics, Jasmine Networks, and Santec Corp, prior to founding Deeya Energy. Saroj has over 60 publications in international journals, 1 published book and 1 US patent, with several pending. "Saroj and his team have the blend of scientific know-how and market experience to make a commercially viable breakthrough in clean energy, and we are proud to support their vision," said Sujit Banerjee, Partner, BlueRun Ventures. "We are really excited about the broad opportunities that Deeya's technology can address, including peak-off-peak Load Shifting, renewable backup for the global solar and wind rollouts and the UPS (Uninterruptible Power Supplies) market, particularly for developing regions like India where power availability and quality are significant issues," said Raj Atluru, Managing Director, DFJ. "In addition to providing energy storage at lower costs than today's products, the substitution of non-toxic materials in Deeya's L-Cells for the toxic materials and heavy metals heavy metals, n.pl metallic compounds, such as aluminum, arsenic, cadmium, lead, mercury, and nickel. Exposure to these metals has been linked to immune, kidney, and neurotic disorders. in today's products provides an additional economic benefit for customers as it reduces the costs associated with the recycling and disposal of their energy storage products," said John Rockwell This article is about the critic. For the U.S. Representative, see John A. Rockwell. John Rockwell (born 1940 in Washington D.C.) is a music critic, editor, and dance critic. , Managing Director, DFJ Element. "This investment will help Deeya complete its product development and engage with customers," said Saroj Sahu, Founder, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. & VP Engineering of Deeya Energy. "In addition, BlueRun Ventures, DFJ, and DFJ Element, will all bring tremendous business and clean tech experience -- as well as a global presence -- to help us execute on our strategic business objectives." About Deeya Energy Deeya Energy Inc. is a Fremont, California-based developer of energy storage devices for the load-shifting, uninterruptible power supply and renewable energy markets. Deeya's investors include BlueRun Ventures, Draper Fisher Jurvetson and DFJ Element. For more information, visit www.deeyaenergy.com. About BlueRun Ventures Launched in 1998, BlueRun Ventures is a leading early stage venture capital fund. BlueRun Ventures' proven approach is to invest globally as a single fund in best-of-breed technologies and teams with the drive and ability to build leading global companies. BlueRun Ventures is headquartered in Menlo Park, California Menlo Park is a city in San Mateo County, California in the United States of America. It is located at latitude 37°29' North, longitude 122°9' East. Menlo Park had 30,785 inhabitants as of the 2000 U.S. Census. , with offices in Helsinki, Herzelia (Israel), New Delhi, Seoul, Shanghai, and Washington, D.C. For more information, visit www.brv.com. About Draper Fisher Jurvetson Draper Fisher Jurvetson is the only venture capital firm with global presence through a network of affiliated funds, with offices in more than 30 cities around the world and approximately $3.5 billion in capital commitments. DFJ's mission is to identify, provide capital for, and serve extraordinary entrepreneurs anywhere who want to change the world. Over the past twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. , DFJ has been proud to back approximately 300 companies across a myriad of sectors including such industry changing catalysts as Hotmail (acquired by MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. (IWOV), 411 (acquired by YHOO), Parametric (PMTC PMTC Prevention of Mother to Child Transmission (of HIV/AIDS) PMTC Pacific Missile Test Center PMTC Professional Multimedia Test Center ), and Digidesign (acquired by AVID). For more information, visit www.dfj.com. About DFJ Element DFJ Element is a leading venture capital fund investing in clean technology. Element invests in emerging companies bringing innovative solutions to environmental and resource constraints in energy, water and other large industrial and commercial markets. Launched in 2005 by Element Venture Partners in partnership with leading global venture capital firm Draper Fisher Jurvetson, DFJ Element is managed by the industry's most experienced group of dedicated clean technology investors. The Element principals have invested more than $225 million in over 40 companies in the clean technology sectors. For more information, send queries to info@dfjelement.com. |
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