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Enevate Inks New Battery Production Licensing Deal

socalTECH

Irvine-based battery developer Enevate announced on Tuesday that it has inked a new, production licensing agreement, with EnerTech International. According to the company, EnerTech International will commercialize its battery technology in the transportation, mobility, and reserve power markets.

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Enevate Finds $30M For Battery Technology

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Irvine-based Enevate , which is developing Lithium-ion (Li-ion) battery technology, said this morning that it has raised $30M in a Series B funding. The funding came from Infinite Potential Technologies, Tsing Capital and Mission Ventures along with Presidio Ventures. READ MORE>>.

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Enevate Gets $24M For Battery Technology

socalTECH

The round came from CEC Capital, Tsing Capital, and Presidio Ventures, along with prior investors Mission Ventures and Draper Fisher Jurvetson. The firm says its technology "dramatically" increase energy density over conventional battery technology. READ MORE>>.

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Active Storage Names Engineering VP

socalTECH

Ramakrishnan was most recently at Promise Technology, and also has served at Cisco and IBM. Active Storage is backed by Intel Capital, Mission Ventures, and Valhalla Partners. Active Storage is backed by Intel Capital, Mission Ventures, and Valhalla Partners. READ MORE>>.

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Ortiva Wireless Acquired By Allot Communications

socalTECH

a provider of products for the fixed and mobile data network market, Allot announced this morning. Allot said it will integrate Ortiva's technology into its Allot Service Gateway product. Financial terms of the buy were not disclosed. in revenues for the second half of 2012. in revenues for the second half of 2012.

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Active Storage Adds Exec

socalTECH

Torrance-based Active Storage , which develops data storage products for the Apple and other markets, said Wednesday that it has named Jeff Lowe as Senior Director of Strategic Market Development. Lowe is the former managing director for Media & Broadcast Technology at NASCAR Media Group. READ MORE>>.

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Transaction Wireless Gets $2M More

socalTECH

San Diego-based Transaction Wireless , a developer of mobile gift card and other mobile marketing products, announced this morning that it has raised an additional $2M in funding. The funding came from its existing investors, Mission Ventures and Okapi Ventures. READ MORE>>.