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Batteries - Wednesday, January 31, 2007

Yet Another Fuel Cell Funding - BASF Goes For Ultracell

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BASF Venture Capital is investing in UltraCell out of Livermore, CA. UltraCell develops and manufactures complete micro fuel cell systems for portable devices such as satellite phones, radios and laptop computers, which require long run times away from the power grid.

UltraCell has raised $10.3M in its Series C financing round, of which BASF Venture Capital has provided $3M. UltraCell was founded in 2002 and has currently 45 employees. Its fuel cell system uses a micro reformer which generates hydrogen from methanol. This company says system can yield, with the same cell size, twice the power of comparable lithium batteries. For example, a laptop powered by an UltraCell fuel cell can run two to three times longer than a laptop powered by a conventional battery.

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Read - BASF Venture Capital invests in U.S. fuel cell company

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