December 1, 2011 |
Getting investors excited about long-lasting batteries was a challenge for Leyden Energy in the early days. Raising funds was even harder. Then came the iPhone. The popularity of Apple's mobile device and other smartphones sent engineers into a frenzy to create batteries that could outlast the power hogs. The Fremont, Calif., lithium-ion battery company was already working on a solution, and as a result it recently raised $20 million in venture funding. Energy storage companies such as Leyden Energy led clean technology investment during the third quarter by raking in $421 million in venture capital, a 1,932% increase from the same period last year, according to an Ernst & Young report.
CALIFORNIA | LOCAL
September 11, 2003 |
The governor of California faces a continuing huge budget shortfall, a bitterly divided Legislature and a political process overshadowed by voter referendums, but for the two major political parties, the Oct. 7 recall election still offers an enticing prize. The governorship carries with it thousands of political appointments, a megaphone to spread the party's message, and a potential fund-raising windfall.