Thursday, November 10, 2011

KLD Energy Gets $10M In Convertible Debt

Austin-based KLD Energy Technologies reported Thursday that it has received $10M, in a convertible debt offering. The firm said that the round will go towards further development and application of its technology. The firm said it now has raised $26M in capital since August of 2008, when it was incorporated. KLD is developing and electric motor system, targeted at electric motorcycles.