Altaeros Energies

company

About

Altaeros Energies develops airborne wind turbine to produce abundant, low cost, renewable energy.

  • 1 - 10

Details

Last Funding Type
Grant
Last Funding Money Raised
$155K
Industries
Clean Energy,Energy,Renewable Energy,Wind Energy
Founded date
Jan 1, 2010
Number Of Employee
1 - 10
Operating Status
Active

Altaeros Energies develops airborne wind turbines to produce abundant, low-cost, renewable energy. The company manufactures buoyant airborne turbines, a renewable energy solution that integrates proven aerospace and wind turbine technology; and high altitude winds, untapped renewable energy resources. It offers its products to customers in various sectors that include rural communities, island and arctic communities, mining, oil and gas, agriculture, entertainment, emergency response, disaster relief, military sites, and offshore power.


Altaeros Energies has received funding for wind turbine technology development from a number of sources, including the U.S. Department of Agriculture, the National Science Foundation, the California Energy Commission, the Maine Technology Institute, the Massachusetts Clean Energy Center, Cleantech Innovations New England, and the Alaska Energy Authority. In addition, Altaeros Energies received the 2011 ConocoPhillips Energy Prize.

The company was founded in 2010 and is based in Somerville, Massachusetts.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$1.39M
Altaeros Energies has raised a total of $1.39M in funding over 2 rounds. Their latest funding was raised on Sep 4, 2014 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 4, 2014 Grant $1.24M 1 National Science Foundation Detail
Nov 13, 2012 Grant $155K 1 National Science Foundation Detail

Investors

Number of Lead Investors
Number of Investors
2
1
Altaeros Energies is funded by 1 investors. National Science Foundation are the most recent investors.
Investor Name Lead Investor Funding Round
National Science Foundation Yes Grant