Thursday, July 23, 2009

Report: M2E Power Acquired

Boise, Idaho-based M2E Power, a developer of power recharging devices that use kinetic energy and movement, has been acquired, according to reports. M2E Power was a spinout of Boise National Labs, and was backed by @Ventures, Highway 12 Ventures, and OVP Venture Partners. According to the reports, the firm was acquired by Motionetics, a developer of battery technology.