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.
Website
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 |
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 (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 |
Altaeros Executive Team (6)
2 Former Executives
You’re viewing 4 of 6 executives. Get the full list »Altaeros Board Members (1)
| Name | Representing | Role | Since | Contact Info |
|---|---|---|---|---|
| Adam Rein | Altaeros | Co-Founder & Chairman | 000 0000 |