ISE Corporation Garners $17,500,000 Series D Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c288ee1c-765c-48b1-9337-c7d03f1dd8c6&Preview=1 -
Date
11/17/2008 -
Company Name
ISE Corporation -
Mailing Address
12302 Kerran Street Poway, CA 92064-6884 -
Company Description
ISE is a supplier of electric and hybrid-electric drive systems to major bus and truck manufacturers. ISE is also a motor vehicle manufacturer registered with the U.S. Department of Transportation (DOT), and possesses vehicle manufacturer and vehicle dealer licenses from the State of California. David M. Mazaika (President and CEO) and Michael C. Simon (Director) were the two principal founders of the Company. -
Website
http://www.isecorp.com -
Transaction Type
Venture Equity -
Transaction Amount
$17,500,000 -
Transaction Round
Series D -
Proceeds Purposes
The funds will be used to continue ISE’s rapidly growing sales to the transit bus marketplace in the US and Europe and the expansion of the company’s prominent energy storage systems. -
M&A Terms
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Venture Investor
Rockport Capital Partners -
Venture Investor
Rockport Capital Partners -
Venture Investor
NGP Energy Technology Partners -
Venture Investor
Siemens Venture Capital -
Venture Investor
Undisclosed
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