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Altaeros

Altaeros
2010 FOUNDED
PRIVATE STATUS
21-30 EMPLOYEES
Series A LATEST DEAL TYPE
$22M LATEST DEAL AMOUNT
9 INVESTORS
Description

Developer of an airborne wind turbine designed to deliver the next generation of infrastructure to rural and isolated communities. 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.

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 02143
  • United States
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Altaeros Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC (Series A) 08-Aug-2017 $22M 0000 0000 Completed Startup
2. Grant 01-Jan-2014 00.000 Completed Startup
1. Accelerator/Incubator Completed Startup
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Altaeros Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series A 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
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Altaeros Investors (9)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Mitsubishi Heavy Industries Corporation Minority 000 0000 000000 0
Ratan Tata Angel (individual) Minority 000 0000 000000 0
SoftBank Capital Corporate Venture Capital Minority 000 0000 000000 0
Steve Smoot Angel (individual) Minority 000 0000 000000 0
Suhail Bahwan Group Lender/Debt Provider Minority 000 0000 000000 0
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Altaeros Executive Team (6)

Name Title Board
Seat
Contact
Info
Ben Glass Co-Founder, Chief Executive Officer & Chief Technology Officer
Adam Rein Co-Founder & Chairman
Joseph Ryan Vice President, Business Development
Benjamin Bollinger Ph.D Vice President, Engineering

2 Former Executives

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Altaeros Board Members (1)

Name Representing Role Since Contact
Info
Adam Rein Altaeros Co-Founder & Chairman 000 0000