Altaeros
2010
FOUNDED
PRIVATE
STATUS
21-30
EMPLOYEES
Later Stage VC
LATEST DEAL TYPE
$3.75M
LATEST DEAL AMOUNT
10
INVESTORS
Description
Developer of an airborne wind turbine designed to deliver advanced technology of infrastructure to rural and isolated communities. The company's product is a high altitude turbine made for mobility and rapid deployment at remote, military and offshore sites, as well as 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.
Website
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Alternative Energy Equipment
Other Industries
Energy Infrastructure
Primary Office
- 444 Somerville Avenue
- Somerville, MA 02143
- United States
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Altaeros Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Later Stage VC | 14-Nov-2018 | $3.75M | 000.00 | Completed | Generating Revenue | |
| 4. Accelerator/Incubator | 0000 | Completed | Generating Revenue | |||
| 3. Later Stage VC (Series A) | 08-Aug-2017 | 0000 | 0000 | 0000 | Completed | Generating Revenue |
| 2. Grant | 01-Jan-2014 | $1.59M | Completed | Startup | ||
| 1. Accelerator/Incubator | Completed | Startup |
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 |
Altaeros Investors (10)
| 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 |
Altaeros Executive Team (6)
2 Former Executives
You’re viewing 4 of 6 executives. Get the full list »Altaeros Board Members (5)
| Name | Representing | Role | Since | Contact Info |
|---|---|---|---|---|
| Adam Rein | Altaeros | Co-Founder & Chairman | 000 0000 | |
| Mauricio Quintana | Self | Board Member | 000 0000 | |
| Phil Shevrin | SoftBank Capital | Board Member | 000 0000 | |
| R. Salemme | Self | Board Member | 000 0000 | |
| Shigeki Miwa | Self | Board Member | 000 0000 |