Home Must Reads ReVolt Technology to file bankruptcy

ReVolt Technology to file bankruptcy

| Print |  Email
Must Reads
Monday, October 22, 2012

Portland-based and taxpayer-backed battery technology company ReVolt Technology plans to file bankruptcy.

The Portland-based company has been unable to raise new capital or find a buyer, so made the decision to close, according to a statement on the website of Viking Venture, one of its investors.

"ReVolt Technology has been a work and capital intensive venture since Viking Venture established the company together with SINTEF in 2004," said Viking Venture Managing Partner Erik Hagen, in the statement. "The potential of the technology has been considered huge and the company has attracted considerable capital from international investors as well as public grants. However, it is time to acknowledge that the company could not attract new capital in order to continue the development."

Read more at Sustainable Business Oregon.

{biztweet}revolt technology{/biztweet}

 

More Articles

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...

Downtime

September 2014
Wednesday, August 27, 2014
BY JESSICA RIDGWAY

How State Representative Julie Parrish (House District 37) balances life between work and play.


Read more...

Podcast: Turn Things Around with David Marquet

Contributed Blogs
Friday, October 17, 2014
davidmarquet thumbBY TOM COX | OB BLOGGER

How can you move from a command-and-control leadership model to one of true empowerment and accountability? David Marquet did, and he took notes along the way.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

Constant Contact

October 2014
Thursday, September 25, 2014
BY AMY MILSHTEIN

To prevent burnout, companies are banning email and after-hours communications. But is the 24-hour workday here to stay?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS