Report: OVP’s M2E Sold to Motionetics

Boise, ID-based M2E Power, an energy startup funded by OVP Venture Partners, has been acquired by fellow Idaho firm Motionetics for an undisclosed price, according to VatorNews. OVP said it is not disclosing details at this time. The Kirkland, WA-based venture firm led an $8 million Series A investment in M2E in 2007.

Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.

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