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Altaeros Energies

Description

Developer of an airborne wind turbine designed to harness the abundant energy in strong, steady winds at higher altitudes. The company's airborne wind turbine is a high altitude turbine designed for easy mobility and rapid deployment at remote, military and offshore sites and also helps in cost effective deployment of ubiquitous telecom services and deployment of technology enabled agricultural services, enabling rural and isolated communities to experience clean power generation, infrastructure generation in an economic and environmentally friendly manner in the process solving the problems which requires continuous manned operation to deliver a compelling economic value proposition for many applications.

2010

Founded

PRIVATE

Status

11-50

Employees

Series A

Latest Deal Type

$7.15M

Latest Deal Amount

$7.15M

Total Amount Raised

Description

Developer of an airborne wind turbine designed to harness the abundant energy in strong, steady winds at higher altitudes. The company's airborne wind turbine is a high altitude turbine designed for easy mobility and rapid deployment at remote, military and offshore sites and also helps in cost effective deployment of ubiquitous telecom services and deployment of technology enabled agricultural services, enabling rural and isolated communities to experience clean power generation, infrastructure generation in an economic and environmentally friendly manner in the process solving the problems which requires continuous manned operation to deliver a compelling economic value proposition for many applications.

Website:

www.altaerosenergies.com

Ownership Status

Privately Held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Alternative Energy Equipment

Other Industries

Energy Infrastructure

Primary Office

24 Park Street Unit 10 Somerville, MA 02143United States
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Altaeros Energies Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Altaeros Energies Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Altaeros Energies Investors (7)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Greentown LabsAccelerator/Incubator000 0000000 0000
National Science FoundationGovernmentMinority000 0000000 0000
Ratan TataAngel (individual)Minority000 0000000 0000
Small Business Innovation ResearchGovernment000 0000000 0000
SoftBank CapitalCorporate Venture CapitalMinority000 0000000 0000
Greentown Labs Accelerator/Incubator
National Science Foundation Government
Ratan Tata Angel (individual)
Small Business Innovation Research Government
SoftBank Capital Corporate Venture Capital

Altaeros Energies Executive Team (4)

NameTitleBoard
Seat
Contact
Info
Ben GlassCo-Founder & Chief Executive Officer & Chief Technology Officer
Adam ReinCo-Founder & Chairman
Deepak ShahaneVice President, Business Development
Benjamin Bollinger Ph.DVice President, Engineering
Ben Glass Co-Founder & Chief Executive Officer & Chief Technology Officer
Adam Rein Co-Founder & Chairman
Deepak Shahane Vice President, Business Development
Benjamin Bollinger Ph.D Vice President, Engineering

Altaeros Energies Board Members (1)

NameRepresentingRoleSinceContact
Info
Adam ReinAltaeros EnergiesCo-Founder & Chairman000 0000
Adam Rein Co-Founder & Chairman Altaeros Energies
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