ISE Corporation Garners $17,500,000 Series D Funding

Feed Type
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
Venture Investor
Rockport Capital Partners
Venture Investor
Rockport Capital Partners
Venture Investor
NGP Energy Technology Partners
Venture Investor
Siemens Venture Capital
Venture Investor
Undisclosed