Intelligent Energy Raises Funds to Expand Fuel-Cell Applications
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Intelligent Energy Ltd., a maker of fuel cells for cars, businesses and homes that’s working with Suzuki Motor Corp., raised $51 million to expand.
The money, the most raised since the company started operating, will be used to expand research and development and enable the commercial start-up of its consumer electronics and stationary back-up power systems, the Loughborough, England-based company said today in an e-mailed statement. The stationary-power unit will be located in India, it said.