Deal Announcements

Firefly Energy Lights Up with $10 M Series B

Tuesday, November 14, 2006 7:00:00 AM PDT | VentureDeal Staff

PEORIA, IL  --  Firefly Energy, a spin out from Caterpillar, Inc., has closed on $10 million in a new funding round.

New investor Stark Investments joined existing investors Caterpillar, KB Partners, the Illinois Finance Authority and the Tri-County Venture Capital Fund.

The company is developing a carbon-graphite foam lead acid battery for both military and commercial uses and will use the funds to accelerate product development and continue its sales and customer service efforts.

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