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

Leading with the right brain

News
Tuesday, December 09, 2014
120914-manderson-thumbBY LINDA BAKER

On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.


Read more...

Free Falling

Contributed Blogs
Thursday, December 18, 2014
121714-oilprice-thumbBY JASON NORRIS | OB CONTRIBUTOR

The implosion of the energy complex: The best thing for low oil prices is low oil prices.


Read more...

Top stories in 2014

The Latest
Thursday, December 18, 2014
10-listthumbBY LINDA BAKER

2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

The short list: 5 hot coffee shops for entrepreneurs

Contributed Blogs
Friday, November 14, 2014

CupojoeBY JESSICA RIDGWAY

Oregon entrepreneurs reveal their favorite caffeine hangouts.


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